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State CPA Society News & Updates

CPA Practice

Tennessee: The Tennessee Society of CPAs (TSCPA) recently released its Updated Fiscal Year 2021 Tennessee Tax Credit Report which provides a detailed list of all credits claimed for tax periods July 1, 2020 to June 30, 2021. Shapiro’s first budget proposal.

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State Sales and Use Tax Update

TaxConnex

New York City tax revenues in March and April fell $1.15 Sales tax accounted for the largest decline, falling $918 million, or 23 percent. In New York State , the sales tax payment the county of Onondaga received recently was $10 million higher than the same period last year. billion (3.5

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

CPA Practice

Out-of-State Employees Your business clients who hire employees in other states must register with that state’s tax department to contribute payroll and unemployment taxes. Your client will be assigned an employer tax account number for the state.

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What's new in May for state sales and use taxes

TaxConnex

Exempting groceries from sales tax as American families struggle with inflation and other economic woes is politically tempting. Kansas and Tennessee just became the latest states to green light such exemptions. million in taxes a year on the sale of groceries. Here’s a review of some of the recent changes and updates.

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Friday Footnotes: Tim Ryan Works Too Hard; Fake CPA Gets Violent Over QuickBooks Files; PwC PR | 10.20.23

Going Concern

PKF Mueller Joins Cherry Bekaert to Expand Chicago Market Reach [ PR Newswire ] Cherry Bekaert is pleased to announce the completion of an acquisition transaction with PKF Mueller, a full-service certified public accounting and business advisory firm located in the metropolitan Chicago area. This move, effective Nov.

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Friday Footnotes: The Salary Problem Catches Up to Firms; Deloitte Changes Its Mind; KPMG Punished (Again) | 3.18.22

Going Concern

Steve Harvey Details Owing Over $20M To The IRS — ‘They Were Cashing The Checks, Keeping The Money’ [ AfroTech ] “My old tax accountant, who passed, had done some, let’s say, not so smart things,” Steve Harvey said. Can I interest anyone in some salary spreadsheets from Reddit?

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Last Week in Payroll: Repaying Deferred Social Security Taxes

ThomsonReuters

The Tennessee Department of Labor and Workforce Development (DLWD) has announced that the Employment Security Division will suspend provisions related to base period contributory employers. Unemployment accounts not chargeable for unemployment benefits. . Extension of non-charging of unemployment benefits. .

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