CPA Practice

OCTOBER 4, 2023

Date: Monday, October 30, 2023 Time: 3 PM ET / 2 PM CT / 12 PM PT / 7 PM GMT Sponsor: Drake Software Duration: 1 Hour Receive 1 hour of free CPE credit for participating in this live webinar. Already registered for this webinar? A veteran of accounting journalism, she also speaks at many accounting events, trade shows, and webinars.

Tax 52

Tax Indiana New Hampshire CPA 52

TaxConnex

APRIL 6, 2023

The 2018 Supreme Court Wayfair decision gave us a bright line standard for determining sales tax nexus: Generate a set amount of revenue in a state in a set amount of time and your company has to collect and remit the applicable sales tax. Managing sales tax is burdensome. Seems clear. Who handles compliance?

Technology 130

Technology Sales Tax tax return 130

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

ThomsonReuters

FEBRUARY 9, 2024

As we step into a new year, the taxation realm is abuzz with discussions surrounding the Tax Relief for American Families and Workers Act of 2024. However, amidst this spotlight, there are other tax proposals quietly gaining momentum. Firms must prepare for potential shifts in tax liabilities and advise clients accordingly.

Tax 110

Tax tax return Technology income tax 110

Nancy McClelland, LLC

APRIL 7, 2023

To that end, I want to encourage folks who might be interested in breaking into this area to attend the upcoming “ Fundamentals of Cooperative Taxation ” webinar coming up next Wednesday, April 19th. What better way to relax after Tax Day than by watching a webinar on an unfamiliar area of taxation, right?

Agriculture 98

Agriculture CPA Virginia Education 98

CPA Practice

AUGUST 15, 2023

Date: Tuesday, September 12, 2023 Time: 3 PM EDT / 2 PM CDT / 12 PM PDT / 7 PM GMT Sponsor: Drake Software Duration: 1 Hour Receive 1 hour of free CPE credit for participating in this live webinar. Already registered for this webinar? Click here to log in. Program level: Basic (no prerequisites required).

Tax 52

Tax North Carolina Indiana CPA 52

TaxConnex

AUGUST 29, 2023

Online selling of products and services has always been in the vanguard of sales tax obligations. And of course, states’ thresholds vary widely, as do what products or services each state or tax jurisdiction considers taxable. The industry depends on several terms regarding how sales tax impacts the industry.

Sales 130

Sales E-commerce Tax Manufacturing 130

TaxConnex

OCTOBER 12, 2023

And one thing that can pound a stake through the heart of a promising M&A is unearthing past tax liability during due diligence. Enter past-due sales tax, a sometimes-overlooked and haunting liability that might not get the attention of, say, overdue income or property tax, until it’s too late. Requirements can vary widely.

Sales 113

Sales Tax audit tax return 113

TaxConnex

OCTOBER 6, 2022

It’s a common scenario: A company has decided to sell, then due diligence turns up a $2 million risk in past sales tax obligations and compliance. Do you have solid positions and reasons for your sales tax decisions? Can you defend your sale tax position to minimize the escrow’s impact? Let’s say you’re the seller.

Sales 198

Sales Tax tax return audit 198

TaxConnex

NOVEMBER 18, 2021

Most businesses don’t set out to be non-compliant with sales tax, or anything for that matter. In fact, you probably have the best of intentions of meeting your sales tax obligations in the future. But what about sales tax liability from prior months? When do your sales tax obligations and liability start?

Sales 178

Sales Tax Non-Profits audit 178

CPA Practice

FEBRUARY 16, 2023

Date: Tuesday, May 23, 2023 Time: 2:00 PM ET / 1:00 PM CT / 11:00 AM PT / 6:00 PM GMT Sponsor: SafeSend Duration: 1 Hour Already registered for this webinar? The height of tax season is often the time when firms feel the impact of inefficiency. Please click here to log in. Gail is a member of the AICPA’s PFS Credential Committee.

Technology 52

Technology Tax Indiana CPA 52

CPA Practice

AUGUST 18, 2023

Date: Thursday, September 28, 2023 Time: 2 PM EDT / 1 PM CDT / 11 AM PDT / 6 PM GMT Sponsor: SafeSend Duration: 1 Hour Receive 1 hour of free CPE credit for participating in this live webinar. Already registered for this webinar? Click here to log in. Shirley Chen is a SafeSend Product Enthusiast based in Commerce, Michigan.

Technology 52

Technology Indiana Michigan E-commerce 52

Churchill-Knight

DECEMBER 13, 2021

If you are required to submit a self-assessment tax return for the 2020/21 tax year, it’s recommended you file it before Christmas – to ensure you’re well within the deadline of the 31st January 2022. This blog explains more about the importance of beating the deadline, and we explain who needs to complete a tax return.

tax return 40

tax return Tax accounting standards Account 40

CapataCPA

MARCH 16, 2021

Employee Retention Credit Webinar We are happy to announce we are going to be presenting a webinar on March 19, 2021 from 10-10:45 AM for the Employee Retention Credit (ERC). This credit will be available to businesses for their 2020 and 2021 tax returns.

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cpa firm tax return CPA Tax 52

Cherry Bekaert

FEBRUARY 7, 2024

Understanding business entities and tax structures can save you a tremendous amount of time, money and potential headaches down the road. An LLC is one of four main legal business structures, whereas an S corp is a tax classification. This means that the partnership does not pay income tax. That rate is the sum of 12.4%

Real Estate 103

Real Estate Tax income tax Legal 103

Cherry Bekaert

MARCH 28, 2024

The Inflation Reduction Act of 2022 (IRA) created the ability for certain tax-exempt and other governmental entities to receive a payment for investments into property that would otherwise qualify for a credit against federal tax liability. These regulations cover an entirely new regime of monetization in the federal tax realm.

Tax 59

Tax income tax tax return Government 59

TaxConnex

MARCH 24, 2022

In the world of sales tax, household names like Amazon, eBay and Etsy are major marketplace facilitators. Not only that, the marketplace facilitator in many situations assumes the responsibility for collecting and remitting the applicable sales tax. But there are, as always in the world of sales tax, conditions.

South Dakota 174

South Dakota Nevada Missouri Minnesota 174

Withum

JANUARY 22, 2024

Learn how Withum helped a limousine company with its corporate income tax return to claim over $150,000 in electric vehicle tax credits. The Challenge EVs and the associated clean energy tax credits have evolved over the past year. The client had taken 2022 credits in relation to their qualified electric chargers.

Tax 52

Tax income tax tax return Transportation 52

Cherry Bekaert

MAY 23, 2023

Situation: Sales Tax Obligations Spanning Multiple States The Company was only registered with and reporting sales tax to its home state. With customers spanning 33 states and a workforce of more than 50 remote employees, all of the Company’s sales tax obligations were not being met.

Sales 98

Sales Tax Technology tax return 98

Xero

APRIL 30, 2024

Ledger — annual tax basics to help prepare and submit annual tax returns for simple non-trading clients Cashbook — bookkeeping essentials for non GST registered clients. These partner plans are only available to be purchased by accountants and bookkeepers.

bookkeeping 98

bookkeeping payroll accounting basics tax return 98

ThomsonReuters

APRIL 4, 2024

The pace of change experienced by today’s tax departments feels unprecedented. And, amid this transformation, tax departments are facing a host of challenges, including growing complexity, talent shortages, and financial constraints. This is only increasing the pressure on tax departments, many of whom are struggling to keep up.

Technology 52

Technology Tax tax return Government 52

Xero

MARCH 18, 2024

From April 2024, your sole trader and partnership clients will need to follow a tax year basis for Income Tax as part of HMRC’s Basis Period Reform. The 2023/24 tax year is a transitional period, and you’ll need to do some extra admin to make sure your sole trader and partnership clients are compliant.

income tax 69

income tax tax return Non-Profits bookkeeping 69

Nancy McClelland, LLC

APRIL 16, 2023

(c) Nataliya Vaitkevich via Pexels I used to find it annoying when a client would forward me an article about a tax deduction or credit, to make sure I would take it on their tax return. So, to make sure we’re all on the same page, here are a few choice tax benefits that are often overlooked.

Tax 52

Tax tax preparation tax return cpas 52

CTP

NOVEMBER 16, 2023

The American Institute of Certified Tax Planners (AICTP) offers a full-service solution to developing CAS in your firm focusing on the specialization of tax planning. We offer proven methodology, guidance, and expert training that accounting firms need to develop and implement a tax planning approach to attract and engage clients.

tax planning 98

tax planning Tax Account accountant 98

ThomsonReuters

AUGUST 9, 2022

Effective July 1, 2022, as required by the Infrastructure Investment and Jobs Act (IIJA) passed last November, the Internal Revenue Service (IRS) has reinstated the Superfund Chemical Excise Tax on a wide range of chemicals and substances. What is the purpose of the Superfund Chemical Excise Taxes? Are exporters being taxed?

Tax 97

Tax Manufacturing tax return Sales 97

Nancy McClelland, LLC

MARCH 6, 2022

For anyone in the field or looking to get into it, I strongly recommend a membership , which gets you into all of these webinars below at no extra charge. Additionally, the CLN will explore any anticipated future tax law changes. The NSAC line-up for the next few months is seriously powerhouse. Click here for more info.

Agriculture 52

Agriculture Account accountant accounted 52

TaxConnex

AUGUST 4, 2022

Laws governing marketplace facilitators popped up when states saw that platforms were charging sales tax on the sale of their own or certain third-party sales but not on all sales. This produced a gap in tax collection. New sales tax collection and remittance requirements in?Kansas, has also proposed?draft economic nexus laws.

Wisconsin 130

Wisconsin North Carolina Michigan Iowa 130

ThomsonReuters

NOVEMBER 2, 2023

The answer lies in tax automation. Tax automation is using technology to streamline and optimize the tax preparation process, from gathering source documents to filing returns. How can firms stay competitive, deliver quality services, and achieve work-life balance amid these pressures?

Technology 52

Technology Tax tax preparation tax return 52

CPA Practice

APRIL 22, 2024

Host Informative Workshops: Organize free, educational workshops on financial wellness, tax planning, or small business accounting. Enhance Social Media Engagement: Share helpful summer tax tips, reminders for quarterly taxes, or fun posts about your team enjoying summer activities.

accounting firms 52

accounting firms Account accountant accounted 52

ThomsonReuters

JULY 6, 2023

In today’s ultra-competitive business landscape, being an accountant means far more than preparing tax returns or compiling financial statements. Instead, they can shift their focus to more value-added activities like providing financial insights and helping clients navigate the complexities of tax law.

Account 88

Account accountant accounted tax return 88

ThomsonReuters

JULY 6, 2023

This trend is picking up pace as traditional accounting firms seek more strategic and meaningful work that goes beyond just tax returns. In fact, a Thomson Reuters Institute survey found that 95 percent of tax professionals believe their clients want business advisory services. Think about your interactions with current clients.

Account 98

Account accountant accounted tax return 98

Going Concern

FEBRUARY 9, 2024

Big 4 Big Four Lobby Congress on Accounting Pipeline, AI, Crypto [ Bloomberg Tax ] PwC spent the most at $3.27 In a summary of the report, Linklaters said six unidentified partners outside Australia should have asked where the tax information had come from and that disciplinary action had been taken against them. “Win big?

Technology 101

Technology Colorado audit cpa firm 101

ThomsonReuters

OCTOBER 28, 2021

Will this cause our cafeteria plan to lose its tax-advantaged status? ANSWER: The general rule is that a cafeteria plan will lose its tax-advantaged status if it fails to comply with the annual limit on health FSA salary reductions ($2,750 for plan years beginning in 2020 or 2021). a TPA); and. The error is timely corrected.

income tax 97

income tax tax return Tax Account 97

ThomsonReuters

NOVEMBER 16, 2023

In the second installment of our three-part series on e-invoicing, we will explore how e-invoicing and continuous transaction control (CTC) regulations impact tax compliance, and examine some of the challenges and considerations that corporate tax teams may encounter.

Tax 59

Tax Technology AP Automation accounts payable 59

ThomsonReuters

FEBRUARY 8, 2022

1) Communicate clearly to win new tax clients. When you seek to win new tax clients, it’s best to start at the beginning. With so many generations in need of tax and accounting services in the market today, it can be a challenge to discover what a client truly wants or needs, or how they want to connect with you.

Tax 105

Tax payroll Entertainment bookkeeping 105

ThomsonReuters

DECEMBER 20, 2020

Wayfair decision dramatically shifted the sales tax landscape in the United States. Companies of all sizes are facing sales tax compliance obligations that are more complex than ever. So how do you determine if you have a sales tax obligation in multiple states? Wayfair on your business’s sales tax obligations.

South Dakota 72

South Dakota Sales Tax E-commerce 72

Mark Lee

OCTOBER 17, 2023

When accountants ask me how they can distinguish themselves from their immediate competition, I remind them that whilst the work output may be much the same (in terms of accounts and tax returns), the service, style, approach and fees may be very different. We Guarantee to proactively review your Tax affairs to help save you Tax.

Account 94

Account accountant accounted tax return 94