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Shutting Down a Tech Company – Some Tax/Accounting Tips

Shay CPA

Specifically, you should look at: Payroll accounts, including withholding, Department of Labor, and state unemployment insurance accounts. Sales tax accounts. State franchise and income tax accounts. Washington. File away R&D tax credit and pandemic aid documentation. Workers’ compensation.

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Understanding use tax

TaxConnex

Because of the level of complexity in adhering to these use tax notification requirements, many businesses simply registered for sales tax and started collecting and remitting the applicable sales tax. Two types of use tax. California state income tax return.”.

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Payroll Taxes Demystified: A Breakdown for Accountants and CPAs Serving Business Owners

CPA Practice

Compliance and Reporting Ensuring compliance with payroll tax regulations involves timely and accurate reporting to various tax authorities. As an accountant or CPA, you play a vital role in: Calculating and withholding taxes correctly. Filing tax returns and remitting payments on time.

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How to Efficiently Complete a Business Personal Property Rendition

CPA Practice

As the Washington State Department of Revenue explains, “ the characteristic that distinguishes real and personal property is mobility.” Review your property tax accounts First, it’s important to become familiar with all your property tax accounts so you can plan your return activities accordingly.

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Monday Morning Accounting News Brief: Watch That Utilization; PwC CEO Doesn’t Know His Own Salary | 2.19.24

Going Concern

Fun President’s Day fact: although the third Monday in February is meant to recognize the birthdays of both first president George Washington and original hipster Abraham Lincoln, only Washington’s birthday — February 22 — is officially recognized in federal law ( 5 U.S. Everyone’s out buying mattresses.

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Last Week in Payroll: Keeping Up with Taxes

ThomsonReuters

Recent Arkansas legislation says that benefits will not be charged against the unemployment tax account of an employer starting with the week ending April 4, 2020 if the benefits paid are a direct result of the Arkansas Governor declaring a disaster emergency or a disaster resulting in a state or federal disaster declaration.

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Nonprofit 990 Tax Compliance: Navigating Challenges with an Enrolled Agent

MyIRSRelief

Navigating the maze of 990 nonprofit tax compliance requires a thorough understanding of both federal and state tax laws. Enrolled Agents, with their expertise in tax regulations and dedicated focus on tax accounting, are invaluable allies for nonprofits. Q: My nonprofit is tax-exempt. A : Not quite!

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