RogerRossmeisl

JUNE 26, 2022

On 6/1/22, the IRS made available an update to the “Cost Segregation Audit Techniques Guide” (Publication 5653). The post IRS Releases Updated Cost Segregation Audit Techniques Guide appeared first on Roger Rossmeisl, CPA.

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audit auditor CPA Tax 237

CPA Practice

FEBRUARY 12, 2024

9 that includes updated frequently asked questions (FAQs) about the Premium Tax Credit. Among the revisions are: Updated eligibility requirements; Updated unemployment compensation for 2020 and 2021; and Additional information on reporting, claiming, and reconciling the tax credit. The IRS released a fact sheet on Feb.

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RogerRossmeisl

FEBRUARY 5, 2023

As a result of this notice, the IRS updated the related frequently asked questions for these credits which can be found on IRS Fact Sheet 2023-4 here: IRS Fact Sheet 2023-04 (This is Blog Post #1340) The post IRS Issues Guidance and FAQ Updates Related to the Clean Vehicle Tax Credits appeared first on Roger Rossmeisl, CPA.

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RogerRossmeisl

FEBRUARY 18, 2024

The post Update on IRS Efforts to Combat Questionable ERTC Claims appeared first on Roger Rossmeisl, CPA. “We saw aggressive marketing around this credit, and well-intentioned businesses were misled into filing claims,” explained IRS Commissioner Danny Werfel.

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CPA Tax business tax 122

Acterys

AUGUST 25, 2022

Multi Update Algorithm. Send updates to multiple cells n Power BI/ Excel simultaneously resulting in greatly improved performance. Multi-update. That’s it for our August update. This is going to be the next major update since our last major 22.1 This is going to be the next major update since our last major 22.1

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BurklandAssociates

OCTOBER 10, 2022

Many founders don’t understand the importance of regular updates and communication with their investors. The post The Importance of Investor Updates appeared first on Burkland. Once they secure their funding, the focus moves to their business – which makes sense. However, Read More.

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Accounting Today

DECEMBER 27, 2023

The Internal Revenue Service has updated its frequently asked questions to offer more guidance on what kinds of components can be used in electric vehicles to qualify for tax credits.

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Tax 117

Insightful Accountant

DECEMBER 21, 2023

Intuit's latest release updates to QuickBooks Desktop 2024, 2023 and 2022 are aimed as "Mass Migration" to QuickBooks Online.

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quickbooks 112

Insightful Accountant

MARCH 31, 2024

Over the last 30 days Intuit had cranked out several updates to your QuickBooks Desktop software. Download, install and updates will have depended on how you have your software updates set.

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quickbooks 52

Cherry Bekaert

SEPTEMBER 29, 2023

Brooks Nelson , Partner and Strategic Tax Leader, and Sarah McGregor , Tax Director, talk with Martin Karamon , Partner and Tax Credits and Incentives Advisory Leader, about new IRS guidance, the moratorium on processing claims and other updates, with a focus on issues and opportunities for employers that do qualify for the credit.

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audit Tax Government 110

CPA Practice

NOVEMBER 6, 2023

State CPA Society News & Updates is a round-up of recent announcements and initiatives by CPA associations in the United States and its territories. Idaho Society of CPAs hosts 2023 tax updates for CPAs The Idaho Society of Certified Public Accountants (ISCPA ) is offering tax updates to CPAs for both personal and business clients.

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BurklandAssociates

JANUARY 17, 2023

By Nancy Torretta and Sam Leon An update to IRC Section 174 took effect January 1, 2022 that will impact the R&D Tax Credit for startups. The post An Important R&D Tax Credit Update Impacting Startups in 2023 appeared first on Burkland. What is IRC Section Read More.

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Insightful Accountant

MAY 16, 2023

Intuit began pushing out the R9_45 update to QuickBooks 2022 Desktop Products, including Enterprise 22.0 You may have seen this update pending in QuickBooks 2022 software.

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quickbooks 106

TaxConnex

OCTOBER 7, 2021

Here’s a review of some of the recent changes and updates. Developing updates. State revenue updates. State Updates. There’s always something changing in the world of tax, especially sales tax. There are currently five states with no state-level sales tax. Might that be changing? Take a look north. billion, $255.8

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Cherry Bekaert

FEBRUARY 27, 2024

The expanded disclosure requirements are detailed in Accounting Standards Update No. Contact Us The post Accounting Standards Update 2023-09: New Income Tax Disclosure Rules appeared first on Cherry Bekaert. 2023-09 (ASU 2023-09) and increase transparency of a filer’s global taxes.

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income tax accounting standards Tax Account 98

Cherry Bekaert

AUGUST 1, 2023

Article: Updated Projected Timeline for CMMC: What this Means for Contractors and How to Prepare for Certification Final CMMC Rule: March 2023 Update Podcast: CMMC 2.0 – Where Does It Stand? August 2022 Update Podcast: CMMC 2.0 Contact Us The post Final CMMC Rule: July 2023 Update appeared first on Cherry Bekaert.

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Government 96

Insightful Accountant

MAY 16, 2023

Intuit began pushing out the R9_45 update to QuickBooks 2022 Desktop Products, including Enterprise 22.0 You may have seen this update pending in QuickBooks 2022 software.

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quickbooks 97

CPA Practice

JANUARY 17, 2023

PICPA also announced a coming legislative update scheduled for March of 2023 that will cover Pennsylvania Gov. 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.

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CPA Pennsylvania Tennessee Nevada 124

Insightful Accountant

MAY 15, 2023

New for May, Intuit is pushing out the R4_101 update to QuickBooks 2023 Desktop Products, including Enterprise 23.0. It's primarily focused on Employee and Payroll related functionality.

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quickbooks payroll 105

ThomsonReuters

MARCH 26, 2024

Key highlights of the update include: 1. Updated lists of energy communities To assist tax professionals in identifying eligible energy communities, the IRS has provided updated lists of MSAs and non-MSAs that meet the Fossil Fuel Employment threshold and qualify as energy communities.

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Transportation Tax accounting and finance accounting firms 52

RogerRossmeisl

APRIL 17, 2021

The post Update on California Classic Car Smog Exemption Bill AB 220 appeared first on Roger Rossmeisl, CPA. The latest California Classic Car Smog Exemption Bill, AB220, has just been amended to require collector car insurance to obtain a smog exemption on classic cars built during the years 1976-1982.

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TaxConnex

MARCH 2, 2021

Here’s a review of some of the recent changes and updates. The possible new rule focuses on providing updated SUT tax recordkeeping requirements, including clarifications that address changes in recordkeeping technology.?The There’s always something changing in the world of tax, especially sales tax.

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Canopy Accounting

DECEMBER 20, 2023

Tax season is approaching, so make sure you stay informed about crucial business tax updates to stay ahead of the upcoming 2024 tax season chaos!

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Tax business tax 98

Withum

NOVEMBER 3, 2023

To this end, the Accounting Standards Update 2023-01 Leases (Topic 842): Common Control Arrangements offers valuable insights and guidelines for entities involved in such transactions. This update addressed two issues: Terms and Conditions and Leasehold Improvements.

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accounting standards Account accountant accounted 124

TaxConnex

JANUARY 13, 2022

Here’s a review of some of the recent changes and updates. State updates. Michigan has updated its guidance on the sales and use tax nexus standards for remote sellers. Minnesota has updated its guidance for calculating sales tax on certain online discounts, including online deals and cryptocurrency. Kansas Gov.

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BurklandAssociates

OCTOBER 4, 2022

The post Important Sales Tax Updates All Startups Need to Know appeared first on Burkland. Statistics estimate 80% of businesses plan to make all their systems SaaS by 2025, and the state legislatures are ‘trying’ to capture Read More.

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Sales Tax 130

Canopy Accounting

JANUARY 22, 2024

The tax landscape is constantly evolving, and this year brings many changes and updates that can significantly impact your financial situation. We'll also explore the latest form updates, tax exemptions, and required minimum distributions and take a closer look at the proposed legislation that could shape the future of taxation.

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Withum

JULY 29, 2022

The post Legislative Update appeared first on Withum. Schumer is looking to advance the bill before the August recess beginning on August 5, and we expect more legislative wrangling to follow. Business Tax Services. Contact Us. If you have questions concerning the new bill, please reach out to your Withum advisor. Let’s Chat.

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Cherry Bekaert

SEPTEMBER 21, 2023

Minnesota On July 27, 2023, the Minnesota Department of Revenue issued updated guidance detailing changes to the state’s PTE Tax, beginning in tax year 2023, that were enacted under the legislation House File 1938 in May. Contact Us The post State Pass-Through Entity Tax Updates: September 2023 appeared first on Cherry Bekaert.

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Insightful Accountant

MARCH 12, 2023

Just in time for this 'QuickBooks Desktop Weekly,' Intuit is pushing out what they are calling the R4_69 update to QuickBooks 2023 Desktop Products, including Enterprise 23.0. You may get a prompt to install it when you get to work today.

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quickbooks 102

Cherry Bekaert

MARCH 13, 2023

In this episode, Eric Poppe , a Managing Director in Cherry Bekaert’s Government Contractor Industry practice , and Brian Kirk , Senior Manager in the Firm’s Information Assurance & Cybersecurity practice, share an update on the status of the final rule of the Department of Defense (DoD) Cybersecurity Maturity Model Certification (CMMC) 2.0

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Government 97

Withum

MARCH 20, 2024

For the latest news and updates on Montana state and local tax March 20, 2024 Montana Releases Pass-Through Entity Tax Common Issues to Avoid Authored by: Jessie Racioppi and Penny Sweeting , CPA The Montana Department of Revenue released “Common Errors to Avoid when Filing Form PTE – Tax News You Can Use.”

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CPA Practice

APRIL 17, 2024

The IRS on April 16 updated frequently asked questions in Fact Sheet 2024-14 to provide guidance related to the new, previously owned, and qualified commercial clean vehicle tax credits. The newest FAQs supersede an earlier version posted in Fact Sheet 2023-29 on Dec.

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Tax 52

TaxConnex

FEBRUARY 8, 2022

Here’s a review of some of the recent changes and updates. Minnesota has released updated guidance regarding the state’s requirement that out-of-state marketplace providers collect and remit Minnesota sales tax if they meet the nexus threshold. Other State updates. Oh Joy, oh revenue! to Colorado Springs, Colo.,

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Canopy Accounting

NOVEMBER 20, 2023

Identify and comprehend the latest updates and changes in tax laws for the upcoming 2024 tax year.

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Tax 111

CPA Practice

JUNE 5, 2023

State CPA Society News & Updates is a round-up of recent announcements and initiatives by CPA associations in the United States and its territories. Though requirements for sitting for the exam have been updated, requirements to become a licensed CPA in Oklahoma remain unchanged.

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Withum

DECEMBER 14, 2023

On December 13, 2023, the Financial Accounting Standards Board (FASB) finalized Accounting Standards Update (ASU) 2023-08 “Accounting for and Disclosure of Crypto Assets”. Contact Us The post Accounting Standards Update 2023-08: FASB’s New Crypto Accounting Guidance appeared first on Withum.

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accounting standards Account accountant accounted 116