TaxConnex

DECEMBER 14, 2023

In sales tax calculation, you deal with the “hard” and the “less-hard.” Figuring out sales tax obligations for goods (aka, tangible personal property, or TPP) is the less-hard part; you merely have to bear in mind that every state that taxes TPP does it a little differently. Services, on the other hand, are the hard calculation.

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West Virginia Virginia Kentucky Minnesota 207

TaxConnex

FEBRUARY 6, 2024

Sales tax is not something top of mind for most executives, but it is something that the majority of businesses will have to manage at some level. No matter the size of your business, if you are selling a taxable product or service and establish nexus in specific states or jurisdictions, then you have a sales tax obligation.

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Sales Tax Technology auditor 214

MyIRSRelief

APRIL 22, 2024

Navigating tax issues can be daunting, especially when facing audits, unpaid taxes, or payroll problems. In Corona, CA, part of the Inland Empire, taxpayers and businesses often seek clarity on resolving these issues effectively. This FAQ guide provides insights into common tax problems and solutions available in Corona, CA.

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Tax payroll tax tax return payroll 130

TaxConnex

MARCH 12, 2024

Since the first adding machine showed up on counters to help shopkeepers tack on the correct sales tax, automation has been part of compliance. Good thing, too, as sales tax has evolved beyond a static percentage to involve thousands of tax jurisdictions and ever-changing calculations. But does the new automation always keep up?

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E-commerce Technology tax return Tax 231

TaxConnex

JANUARY 16, 2024

Do you sell software-as-a-service (SaaS)? Then you already have one of the most complicated situations in sales tax. Your tax obligation and liability begin with where you have nexus , the connection between your company and a taxing authority or jurisdiction. Are maintenance or support services involved?

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Iowa Connecticut Maryland Colorado 206

TaxConnex

MARCH 26, 2024

We are at the end of Q1 of 2024 and continue to discuss how to ensure your business is set up to get sales tax right in 2024. If you’re like the over 49% of businesses who participated in our annual sales tax trends survey and are unsatisfied with the way you are managing sales tax, then you’re in the right place.

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Sales Tax tax return Retail 159

TaxConnex

JANUARY 23, 2024

Sales and use tax generally applies to the sale or use of tangible personal property and certain services. Since software, and especially Software-as-a-Service, may not be delivered in a tangible form, many technology and software companies have considered themselves exempt from sales and use tax.

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Sales Tax Washington Technology 188

MyIRSRelief

MARCH 15, 2024

In the bustling city of Whittier, California, individuals and businesses alike face the daunting task of navigating the complex world of taxes. From unfiled tax returns to unpaid back taxes, and from employment 941 payroll issues to the intimidating process of IRS, FTB, EDD, and CDTFA audits, the challenges can seem insurmountable.

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California Tax tax return payroll 130

TaxConnex

NOVEMBER 16, 2023

At TaxConnex, we work with telecommunications service providers  of all sizes.  Many are existing MSPs (Managed Service Providers) or IT management companies that would like to expand their service offering and become “stickier” with their clients. Exempting the regulatory charges and the USF fee can be more challenging.  

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Tax Sales 212

TaxConnex

NOVEMBER 28, 2023

does not free you from the complexities of sales tax. In many countries, you will run into some kind of sales tax – familiar if you’re used to selling in the U.S., There are also different place-of-supply rules for goods versus services and whether the recipient of the supply is a business or a private individual.

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Sales Tax Transportation Maine 209

TaxConnex

AUGUST 31, 2023

Online selling of products and services triggers sales tax obligations today like never before – and has ever since the Supreme Court’s 2018 Wayfair decision unleashed economic nexus on e-commerce merchants nationwide. Some businesses can manage the calculation of sales tax without separate sales tax software systems.

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Sales E-commerce Tax Alaska 229

RogerRossmeisl

OCTOBER 30, 2023

The Tax Cuts and Jobs Act liberalized the rules for depreciating business assets. Here are the numbers that small business owners need to know. 179 deductions For qualifying assets placed in service in tax years beginning in 2023, the maximum §179 deduction is $1.16 million. .

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Real Estate CPA Tax cpa firm 247

TaxConnex

JANUARY 30, 2024

Every now and then something comes along that transforms sales tax. States’ definitions of a “marketplace facilitator” vary almost as much as states’ sales tax laws themselves. States seem to believe that marketplace facilitators – most of which are much larger than most retailers – constitute a rich source of tax revenue.

Iowa 204

Iowa Pennsylvania Illinois Tax 204

TaxConnex

FEBRUARY 1, 2024

It’s also safe to say that its storyline of repetition seems to echo what you must do, over and over and over, to comply with sales tax laws. It’s a doozy! – “Needlenose Ned” Ryerson There are multiple steps to make sure your sales tax compliance works well. The days you get over and over with sales tax are deadline days.

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Sales Tax Minnesota Colorado 230

CPA Practice

APRIL 15, 2024

It’s Tax Day, so there’s no better time for the IRS to pat itself on the back for a job well done as filing season for most Americans comes to a close. Danny Werfel “Taxpayers continued to see major improvements from the IRS during the 2024 tax season,” he said. “A From the start of tax season on Jan. increase from 2023.

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Tax tax return Maine Massachusetts 119

CPA Practice

APRIL 15, 2024

Few agencies are as perpetually tasked to “do more with less” than the Internal Revenue Service (IRS). Despite chronic and pandemic-specific challenges however, the IRS is making strides in returning to business as usual. But with these challenges come tremendous opportunities, rooted in data, analytics and AI.

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Tax Kansas Real Estate Government 119

CTP

NOVEMBER 16, 2023

CPAs and EAs are rethinking their strategies for practice management while moving from compliance to advisory services. As firms look to provide more value to clients, many have introduced Client Advisory Services (CAS). Dominique has developed a set of keys to unlock the doors to your ideal tax business.

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tax planning Tax Account accountant 98

ThomsonReuters

JULY 6, 2023

If you’re a tax and accounting professional, you’ve likely found yourself answering numerous questions related to your clients’ tax returns. Whether it’s advising on residential energy tax credits or restructuring a partnership, your knowledge and expertise beyond the tax return are valuable.

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Tax tax return income tax audit 98

Withum

MARCH 30, 2024

Withum is excited to announce that on March 31, 2024, BBD LLP (BBD); a public accounting, tax and advisory firm dedicated to serving nonprofit and government organizations headquartered in Philadelphia, will join its practice with Withum.

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cpa firm CPA Government audit 124

CPA Practice

JUNE 14, 2023

Are you a small business owner who uses a personal vehicle—say, a passenger car, SUV or pickup truck—for extensive business driving during the year? If so, you may be entitled to favorable depreciation-related tax deductions, subject to certain special rules and limits, if you keep accurate and detailed records.

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Tax income tax business tax 111

Accounting Today

APRIL 19, 2024

The Internal Revenue Service's criminal investigators have been on the lookout for tax evasion by businesses that don't pay employment taxes.

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Tax payroll tax payroll 96

Cherry Bekaert

MARCH 14, 2024

market, business owners must learn about the federal, state and local tax systems they will encounter. Sales tax in the U.S. is quite different from a value-added tax (VAT) or a goods and services tax (GST) assessed by many other countries. Listen to learn more about: 03:54 – GST tax vs. U.S.

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tax services Tax income tax tax return 97

CPA Practice

DECEMBER 18, 2023

The Internal Revenue Service has launched the second phase of a new online self-service tool for businesses that expands business tax account capabilities and eligible entity types. This next step in the evolution of the Business Tax Account will help these businesses download transcripts and other features.

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tax accountant business tax Tax Account 126

Withum

JANUARY 31, 2024

Withum’s global advisory and accounting network, HLB International, has been named the Best Cross-Border Collaboration for Tax Solutions Global 2023 by Capital Financial International (CFI). Withum’s International Services team tailors custom solutions for clients on the international stage.

Tax 111

Tax accounting and finance Legal tax services 111

CPA Practice

FEBRUARY 14, 2024

The CPA Practice Advisor Readers’ Choice Awards give our readers the opportunity to spotlight the technologies they most rely on and trust to manage their firms, provide client services, and help those clients run their businesses.

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Technology Construction accounting system payroll 126

CPA Practice

JANUARY 18, 2024

In today’s fast-paced world, you are constantly juggling between client needs, regulatory demands, and staying abreast of ever-changing tax laws. 10 Quick Tips Here are 10 quick tips to market your services efficiently, even when time is a luxury you don’t have. Update your social media bios, especially LinkedIn and Google Business.

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CPA income tax quickbooks Tax 111

CPA Practice

APRIL 9, 2024

As accountants and CPAs, dealing with payroll taxes is essential to managing finances for your business clients. Understanding the details of payroll taxes helps you better assist your clients in fulfilling their obligations and maximizing tax efficiency. Social Security Tax : Employers and employees each contribute 6.2%

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payroll tax West Virginia payroll cpas 110

CPA Practice

MARCH 1, 2024

Form 1099-K reports payments for goods or services and should not report personal payments like rent, dinner, travel and other gifts or reimbursements gifts, no matter the amount. Fact: According to federal law, all income is taxable unless it is specifically excluded by tax law.

tax return 122

tax return Tax business accounting Account 122

CPA Practice

MARCH 21, 2024

Tax Court determined that the exception to net earnings from self-employment in Section 1402(a)(13) of the Internal Revenue Code of 1986, as amended, does not automatically apply to all limited partners in a state law limited partnership. It excluded the limited partners’ shares of ordinary business income. By Julie M.

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Tax tax return Delaware accounting and finance 122

CPA Practice

APRIL 24, 2024

The IRS said it has offered alternative dispute resolution programs for years at various stages of the tax administrative process. He spent 11 years as an attorney advisor for the Taxpayer Advocate Service, as well as 13 years at Big Four firm EY, six of which were as associate general counsel, according to his LinkedIn profile. “He

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Tax Education Government Account 103

CPA Practice

OCTOBER 2, 2023

There are a myriad of challenges and changes in the tax codes affecting their business clients each tax season. Those still looking to file an ERC claim can continue to do so under the strict guidance of the IRS and through a certified tax professional, like KBKG. This impacts the Sec.

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Tax cpas audit tax services 106

CPA Practice

MARCH 26, 2024

A Florida man has been sentenced to 30 months in prison for failing to pay over taxes that he withheld from his employees’ paychecks. According to court documents and evidence presented in court, Timothy Meade, of Fort Myers, Florida, operated a prison phone call service under several business names. Attorney Roger B.

Florida 114

Florida Tax Account accountant 114

CPA Practice

OCTOBER 3, 2023

There are a myriad of challenges and changes in the tax codes affecting their business clients each tax season. Those still looking to file an ERC claim can continue to do so under the strict guidance of the IRS and through a certified tax professional, like KBKG. This impacts the Sec.

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Tax cpas audit tax services 103

CPA Practice

SEPTEMBER 11, 2023

The IRS views commuting as a purely personal expense even though you’re going to work for business reasons. And it doesn’t matter if you’re driving your own vehicle or if you travel by bus, rail, taxi or a ride service like Uber or Lyft. The cost of the travel between the two business locations, regardless of the method, is deductible.

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Tax Transportation income tax business tax 119

CPA Practice

FEBRUARY 27, 2024

Whether you’ve been self-employed for ages or are one of many entrepreneurs to have launched a business recently, lowering your taxes is always a savvy business strategy. If costs exceed $50,000 in the first year of business, the allowable deduction begins to phase out for each dollar exceeding the $50,000 level.

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Real Estate Illinois CPA Non-Profits 116

Withum

JANUARY 8, 2024

Withum is proud to share that the Los Angeles Business Journal has named Chris Passmore and Aza Ghazaryan on their Thriving in their 40s list for 2023. Chris services a wide variety of clients and specializes in working with technology companies , professional service firms , franchised businesses and employee benefit plans.

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Real Estate CPA Manufacturing Tax 111