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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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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. and West Virginia) Washington, D.C.

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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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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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BPM Expands in Las Vegas Via Merger with Fair, Anderson & Langerman

CPA Practice

In addition to its new Las Vegas location, BPM has 16 other offices spanning California, Oregon, Washington, and India. “As Once the deal is completed, FAL will rebrand and operate under the BPM name. We look forward to welcoming the talented team from FAL to BPM and are excited to build lasting relationships in the local community.”

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These Are the Retirement Accounts You Should Withdraw From First

CPA Practice

Drawing from cash will also keep your taxes low in your early years of retirement. This will allow you to move money from a traditional IRA, or any pre-tax account, into a Roth IRA at a potentially lower rate than what you would pay in the future. All contents copyright 2023 The Kiplinger Washington Editors Inc.

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Five Tax Strategies Retirees Should Consider Before Dec. 31

CPA Practice

Funding retirement accounts is something you can do. Ironically, you can both take money out of and put it in the same account in the same year. The IRS imposes required minimum distributions from your pre-tax accounts at certain ages, based on the year you were born. ABOUT THE AUTHOR Evan T.

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