TaxConnex

DECEMBER 28, 2021

Expanding sales tax obligations are a concern of many execs, according to TaxConnex’s recent market survey of 100 top finance professionals in a variety of industries. The eCommerce explosion is exciting for online businesses – but they should realize that it also comes with extra effort to keep up with sales tax obligations.

Sales 246

Sales Tax audit tax return 246

Withum

SEPTEMBER 6, 2022

The deduction for the 2022 taxable year was $1.88 In 2022, the company’s §179D deduction is limited to $376,000 (200,000 x $1.88). For more information on this topic, please contact a member of Withum’s Business Tax Services Team. per square foot. The company has not previously claimed the §179D deduction.

Construction 80

Construction tax services business tax Tax 80

Going Concern

JULY 25, 2024

Writes The CPJ: Over this period, audit revenue declined while advisory service revenue increased. Overall, the revenues of the Big Four have increased from $28 billion (2000) to $79 billion (2022); this represents a 183% increase over 23 years. The post Who Wants to See How Much Big 4 Revenue by Service Line Has Changed Since SOX?

audit 104

audit tax services auditor CPA 104

Xero

JULY 7, 2022

We were honored to be on the ground at NABA’s Annual Convention last month as a sponsor of their 2022 scholarship program, which has provided over $375,000 in scholarships to their students. . This summer, I am working at Deloitte as a Business Tax Services Intern in their Chicago office.

Iowa 82

Iowa accounting and finance Illinois bookkeeping 82

CPA Practice

APRIL 7, 2023

In December 2022, Eunice Salley, a Chicago tax preparer, was sentenced to seven years in prison for filing false income tax returns on behalf of her tax preparation clients seeking more than $1 million in fraudulent refunds. In March 2022, Fred Pickett, Jr., from operating as tax return preparers.

tax preparation 132

tax preparation Tax tax return income tax 132

Withum

MARCH 2, 2024

By way of background, the CTA was enacted on January 1, 2021 as part of the 2021 National Defense Authorization Act as an attempt to prevent money laundering and tax evasion by requiring new reporting for certain companies doing business in the US. Stay tuned for further developments as they arise.

Ohio 140

Ohio Non-Profits tax services Tax 140

Withum

AUGUST 25, 2022

On August 24, 2022, the IRS issued Notice 2022-36 to announce broad-based penalty relief for certain failure to file penalties with respect to tax returns for taxable years 2019 and 2020 as long as they are filed by September 30, 2022. Contact Us. Let’s Chat.

tax return 128

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Withum

JUNE 17, 2022

The Director for COVID-19 Fraud Enforcement overseeing DOJ’s criminal and civil investigations testified on June 14, 2022 before the House Select Subcommittee on the Coronavirus Crisis. billion in losses as of March 2022 due to pandemic-related fraud. Business Tax Services. These filed cases total more than $1.1

tax services 128

tax services business tax Tax 128

Withum

FEBRUARY 2, 2023

R&D Capitalization makes its crash landing onto 2022 tax returns! R&D Capitalization rules taking effect in 2022 could turn an expected tax loss and/or credit into an unexpected tax bill. Learn More Could You Benefit from a R&D Tax Credit Analysis? appeared first on Withum.

payroll 59

payroll Tax tax return tax services 59

Going Concern

SEPTEMBER 30, 2022

In the public accounting category, Robert Half provided 2023 starting salary projections for four roles in tax services and four roles in audit and assurance services. Then we ’ll take a look at how these projections compare to Robert Half’s starting salary predictions for 2022: Title. Tax services.

accountant salary 104

accountant salary public accounting accounted Account 104

Withum

OCTOBER 6, 2022

Under section 7508A, the IRS gives affected taxpayers until February 15, 2023, to file most tax returns with either an original or extended due date occurring on or after September 23, 2022. Does the federal relief also extend the time to pay federal income tax? State Income Tax Filings. Contact Us. Let’s Chat.

Government 124

Government income tax tax return Florida 124

Cherry Bekaert

MAY 28, 2024

Contributors: Tony Konkol, Manager, State & Local Tax North Carolina Senate Bill No. 508 (Session Law 2024-1) was signed into law on May 15, 2024 and provides an extended July 1, 2024 due date for partnerships to make a tax year 2022 pass-through entity tax (PTET) election. House Bill No. The recent passage of S.B.

North Carolina 104

North Carolina Tax income tax tax return 104

Withum

FEBRUARY 27, 2023

Affected individuals and businesses will have until October 16, 2023, to file returns and pay any taxes, including 2022 individual income tax returns due on April 18 and various 2022 business returns normally due on March 15 and April 18, 2023. The IRS also announced that the Oct. Who Is an Affected Taxpayer?

California 119

California tax return Nevada payroll 119

Withum

FEBRUARY 20, 2024

It is your first step so that we can help you create a strategy to minimize taxes for the coming year, as well as develop a long-term tax strategy to benefit your retirement plan, family, and heirs. Let’s Chat The post 2024 Tax Pocket Guide appeared first on Withum.

Tax 119

Tax tax planning tax services 119

CPA Practice

NOVEMBER 22, 2023

KBKG , a provider of tax services for CPAs and businesses, has identified three changes that the IRS has implemented; each one could have strong impacts on businesses. Those still looking to file an ERC claim can continue to do so under the strict guidance of the IRS and through a certified tax professional, like KBKG.

Tax 110

Tax cpas tax services audit 110

TaxConnex

JULY 12, 2022

Pennsylvania is changing how taxpayers e-file sales and use and excise returns, make payments and renew licenses, among other services. The current online resource used for sales tax filing (e-TIDES) will be retired this November and the state will move sales tax services to the online system currently used for most other tax types, myPATH.

Sales 246

Sales Tax Oklahoma Illinois 246

Withum

NOVEMBER 17, 2022

For 2022, Donors may claim a tax deduction limit for contributions of cash of 60% (for non-cash gifts up to 30%) of one’s AGI. Donation amounts in excess of these limits may be carried over for up to five tax years. 2022 Year-End Tax Planning Resources. Start Planning. Contact Us. Let’s Chat.

tax planning 52

tax planning tax return income tax Tax 52

Ryan Lazanis

APRIL 4, 2022

Do you want to know how to start a bookkeeping business or accounting firm in 2022? Your productized service should be broken down into 3 components: Component 1: Services Every core offering will contain professional services and accounting work. Monthly accounting and bookkeeping services? Advisory Services?

bookkeeping 98

bookkeeping bookkeeping services accounting firms Technology 98

ThomsonReuters

MAY 3, 2023

A tax services director in Washington D.C. says that the Treasury Department’s proposal to clarify the tax treatment of on-demand pay arrangements makes it “clear” that the IRS is concerned with the constructive receipt issue of this trending employee benefit.

Construction 59

Construction tax services Tax payroll 59

Cherry Bekaert

JULY 23, 2024

With the disruption of COVID-19, and the various obstacles the pandemic brought to the construction industry, the business decided to sell the property in 2022. The Company turned to Cherry Bekaert to understand the tax implications of the sale. In 2022, the entity decided to forgo the property development and sell it instead.

Real Estate 52

Real Estate tax services South Carolina Tax 52

Withum

OCTOBER 19, 2022

On October 19, 2022, the IRS issued a press release ( IR-2022-183 ) warning taxpayers to be wary of third parties who advise them to claim an employee retention credit (ERC) when they do not qualify. For more information on this topic, please contact a member of Withum’s Business Tax Services Team. Contact Us.

income tax 132

income tax audit tax return Tax 132

Withum

APRIL 13, 2022

Associate Director of Tax Services – HLB Zambia. Withum’s International Services Group invites you to our 2022 Global Summit Keynote. Kimberlee S. Partner Princeton, NJ. Robert Mullins. Partner – Roha Africa. Sonkwe Kasonkomona. Food: Zambia Nshima Ifinkubala Dubai, United Arab Emirates Luqaimat Knafeh.

tax services 103

tax services Tax 103

Withum

MARCH 17, 2022

This article was originally published by Lynn Mucenski Keck in Forbes on February 22, 2022. For more information on this topic, please contact a member of Withum’s Federal Tax Services Team. Continue reading the full article in Forbes by clicking the link below. Read Full Article. Contact Us. Contact Us.

Gaming 124

Gaming tax accountant tax services Tax 124

Withum

MARCH 16, 2022

On March 11, 2022, the U.S. General License 17: Transactions related to Action 1 are allowed through 12:01 am EST on March 25, 2022, that were ordinarily incident and necessary and pursuant to written contracts entered into prior to March 11, 2022. Business Tax Services. The following transactions by U.S.

Sports 121

Sports Government Finance tax services 121

Going Concern

OCTOBER 14, 2022

In its 2022 salary guide , Accounting Principals/LHH Recruitment Solutions predicted a 6.4% less than 2022 for tax services manager to 17.7% more than 2022 for audit and assurance services manager. less than 2022 for tax services manager to 17.7% Audit and assurance services.

accountant salary 52

accountant salary public accounting accounted Account 52

Withum

MARCH 15, 2022

The IRS hopes to get the backlog of unprocessed returns below 1 million by the end of 2022 and develop new automated voice and chatbots to answer taxpayer questions. Business Tax Services. Contact Us. Contact a member of Withum’s Forensics, Investigations, and White-Collar Criminal Defense Team with any concerns.

tax services 119

tax services business tax Government Tax 119

TaxConnex

JUNE 9, 2022

Exclusions include sales of the services in fulfillment of a lump-sum, fixed-fee contract, or a fixed-price sales contract executed on or before Feb. For gross receipts from the sale of newly taxed services prior to Jan. 1, 2023, if the gross receipts were less than $6,000 during calendar year 2021, the services are exempt.

Sales 246

Sales Tax Colorado Massachusetts 246

Going Concern

OCTOBER 1, 2022

and 5.8% , depending on the position and an employee ’s experience, according to data we analyzed from Robert Half ’s 2022 and 2023 Accounting & Finance Salary Guides. Senior manager/director tax services. Manager of tax services. Senior manager/director tax services. Manager of tax services.

public accounting 104

public accounting accounted Account accountant 104

Withum

MARCH 29, 2022

Prior to 2022, this threshold was met if, during a calendar year, the total of all payments distributed to a person exceeded $20,000 resulting from more than 200 transactions or donations. For 2022 and beyond this threshold is dramatically reduced to $600 in gross payments, regardless of the number of transactions or donations.

tax return 122

tax return Tax CPA tax services 122

Withum

SEPTEMBER 1, 2023

Affected individuals and businesses therefore will have until February 15, 2024 to file tax returns and to pay any taxes that were originally due during the postponement period. For example, the new deadlines apply to the following: Individuals who had a valid extension to file their 2022 return due to run out on Oct.

Tax 98

Tax tax return Florida payroll 98

Going Concern

JULY 2, 2022

We also learned that PwCers who work in Capital Markets and Accounting Advisory Services, Financial Due Diligence, Valuations, and M&A Tax Services got an additional 10% salary boost. We examined the 2022, 2021 , 2020 , and 2019 PwC comp threads on Reddit, and the 2017 and 2016 comp threads on Going Concern.

tax services 98

tax services Tax accounted Account 98

Withum

APRIL 14, 2022

If the ability for employer matching on qualified student loan payments is enacted, it would be effective for contributions made for tax years beginning after December 31, 2022. This article was originally published by Lynn Mucenski Keck in Forbes on April 7, 2022. Business Tax Services. Contact Us. Contact Us.

Education 129

Education tax services Transportation Tax 129

Withum

MAY 16, 2022

In our example, Julia would have to include the $10,000 of cancellation of debt income in her 2021 tax return and adjust her basis in her real property by $50,000 as of January 1, 2022. This article was originally published by Lynn Mucenski Keck in Forbes on May 11, 2022. Business Tax Services. Contact Us.

Real Estate 131

Real Estate Tax income tax tax return 131

Withum

JUNE 6, 2022

On May 27, 2022, the IRS released its sixth pronouncement regarding the types of businesses that can qualify for the qualified small business stock (QSBS) exclusion. The taxpayer in PLR 202221006 (March 3, 2022) is a pharmaceutical distributor that engages in the retail sale of a limited number of drugs. Business Tax Services.

Tax 126

Tax income tax Pharmaceutical Manufacturing 126

Withum

JANUARY 12, 2023

Relief provisions include: Quarterly estimated tax payments due on January 17, 2023 and April 18, 2023; Business tax returns due March 15, 2023 and April 18, 2023; Personal income tax returns due April 18, 2023; Payroll tax returns due January 31, 2023 and April 30, 2023. Contact Us. Let’s Chat.

California 122

California Tax tax return payroll tax 122

CPA Practice

OCTOBER 2, 2023

Those still looking to file an ERC claim can continue to do so under the strict guidance of the IRS and through a certified tax professional, like KBKG. With uncertainty around, and unwillingness to increase taxable income, many who qualify for the R&D Credit were hesitant to claim for the 2022 tax year or waited, in the hope of a repeal.

Tax 106

Tax cpas audit tax services 106

Steve Feinberg

DECEMBER 5, 2022

For Immediate Release December 5, 2022. We’re pleased to announce that Appletree Business Services LLC merged with The Prestige Journal LLC. The Prestige Journal has grown quickly to become a leading provider of bookkeeping, tax, and fractional CFO services for entrepreneurs who are coaches, course creators, and content creators. .

bookkeeping 98

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