RogerRossmeisl

APRIL 24, 2023

Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2023. For corporations pay the first installment of 2023 estimated income taxes. For individuals, The post 2023 Q2 Tax Calendar: Key Deadlines for Businesses and Employers appeared first on Roger Rossmeisl, CPA.

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Tax income tax tax return CPA 239

RogerRossmeisl

DECEMBER 3, 2023

In the midst of holiday parties and shopping for gifts, don’t forget to consider steps to cut the 2023 tax liability for your business. In certain circumstances, The post There May Still Be Time to Reduce your Small Business 2023 Tax Bill appeared first on Roger Rossmeisl, CPA.

Tax 264

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RogerRossmeisl

NOVEMBER 13, 2022

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $160,200 for 2023 (up from $147,000 for 2022). For 2023, the FICA tax rate for employers is 7.65% — 6.2% The post In 2023, the Social Security Wage Base is Increasing appeared first on Roger Rossmeisl, CPA.

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Hospitality CPA Tax business tax 245

RogerRossmeisl

FEBRUARY 5, 2023

Although the national price of gas is a bit lower than it was a year ago, the optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up in 2023. The IRS recently announced that the 2023 cents-per-mile rate for the business use of a car, van, pickup or panel truck is 65.5

CPA 246

CPA business tax Tax 246

RogerRossmeisl

JUNE 5, 2022

The IRS recently released guidance providing the 2023 inflation-adjusted amounts for Health Savings Accounts (HSAs). The post Inflation Enhances the 2023 Amounts for Health Savings Accounts appeared first on Roger Rossmeisl, CPA.

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accountant Account accounted CPA 246

RogerRossmeisl

FEBRUARY 25, 2024

If so, it’s important to determine if you’re required to file a 2023 gift tax return. The annual gift tax exclusion has increased in 2024 to $18,000 but was $17,000 for 2023. The post Get Ready for the 2023 Gift Tax Return Deadline appeared first on Roger Rossmeisl, CPA. Who must file?

tax return 204

tax return Tax CPA 204

RogerRossmeisl

NOVEMBER 13, 2022

Are you wondering how high inflation will affect your federal income tax bill for 2023? For 2023, the standard deduction will increase to $13,850 for single taxpayers, $27,700 for married couples filing jointly and $20,800 for heads of household. Some highlights Standard deduction.

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Tax income tax CPA 235

RogerRossmeisl

NOVEMBER 13, 2022

In Notice 2022-55, the IRS recently announced cost-of-living adjustments that apply to the dollar limitations for pensions, as well as other qualified retirement plans for 2023. 401(k) plans The 2023 contribution limit for employees who participate in 401(k) plans will increase to $22,500 (up from $20,500 in 2022).

CPA 233

CPA business tax Tax 233

RogerRossmeisl

NOVEMBER 13, 2022

The post 2023 Limits for Businesses that Have HSAs appeared first on Roger Rossmeisl, CPA. Earnings on the funds in an HSA aren’t taxed, so the money can accumulate tax-free year after year. Distributions from HSAs to cover qualified medical expenses aren’t taxed.

payroll tax 182

payroll tax payroll CPA Tax 182

TaxConnex

NOVEMBER 21, 2024

Let’s look at the many many other glistening numbers … An established big day Looking at the trend of numbers, in 2023 Black Friday online sales grew 8% year-over-year to $70.9 billion was spent online in the month of November 2023, up 6% from the year before. retail sales during the 2023 holiday season grew 3.8% spending, up 7.8%

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Sales Retail Tax online accounting 147

BurklandAssociates

DECEMBER 19, 2023

2023 was another interesting and challenging year for startups and investors. The post Readers’ Favorites: Our Top Blog Posts of 2023 appeared first on Burkland. Our readers found these blog articles to be especially helpful.

accountant 147

accountant accounted Account 147

BurklandAssociates

DECEMBER 26, 2023

Thank you to all the experts throughout the startup ecosystem who joined our Startup Success podcast in 2023 to share knowledge and insights. The post Listeners’ Favorites: Our Top Podcast Episodes of 2023 appeared first on Burkland.

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Withum

SEPTEMBER 16, 2024

Here are key insights and reminders to help you navigate the complexities of employee benefit plan compliance for the 2023 filing year. Available for distributions made after December 31, 2023 Terminal illness-related distribution Allows for penalty-free withdrawals from retirement plans for individuals diagnosed with terminal illness.

CPA 124

CPA audit Real Estate income tax 124

RogerRossmeisl

FEBRUARY 18, 2024

But if you don’t receive such a letter, can you still claim a deduction for the gift on your 2023 income tax return? The post If You Gave to Charity in 2023, Check to See That Your Have Substantiation appeared first on Roger Rossmeisl, CPA. It depends. Contemporaneous” means the earlier of: The date you file your.

income tax 145

income tax tax return CPA Tax 145

CPA Practice

SEPTEMBER 10, 2024

between 2022 and 2023. percentage points, to 11.1%, in 2023. population had health insurance coverage for all or part of 2023, not statistically different from 2022. of people did not have health insurance at any point during 2023, according to the 2024 Current Population Survey Annual Social and Economic Supplement (CPS ASEC).

payroll tax 111

payroll tax Tax payroll accounted 111

CPA Practice

NOVEMBER 5, 2024

The accounting problems came to light in April 2023, when Lovesac’s finance team found that approximately $2.2 million in invoices for products shipped during the 2023 fiscal year had not been recorded in Lovesac’s books and records until the first quarter of the 2024 fiscal year, according to the complaint.

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general ledger auditor Connecticut accounting principles 98

RogerRossmeisl

JANUARY 8, 2023

The credit generally applies to vehicles having >4 wheels that are placed in service from 1/1/2023 – 12/31/2032. Who Qualifies You may qualify for. The post Unpacking the Clean Vehicle Credits under IRA ’22 appeared first on Roger Rossmeisl, CPA.

CPA 246

CPA Tax cpa firm 246

RogerRossmeisl

FEBRUARY 5, 2023

On 2/3/2023, the IRS issued Notice 2023-16 guidance that modifies the definitions of certain vehicle classifications for the new, previously owned and qualified commercial clean vehicle tax credits.

Tax 246

Tax CPA cpa firm business tax 246

Menzies

JANUARY 23, 2025

Overview Companies House has released the intended timetable for reforms under the Economic Crime and Corporate Transparency Act (2023). Menzies LLP - A leading chartered accountancy firm. These timelines depend on Parliamentary progress and may be subject to change.

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chartered accountant Legal audit accounting firms 59

RogerRossmeisl

FEBRUARY 26, 2023

As reported in IR-2023-33 on 2/24/2023 Disaster-area taxpayers in most of California now have until October 16, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service announced last Friday. Previously, the deadline had been postponed to May 15, 2023 for these areas.

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California Tax tax return CPA 246

CPA Practice

NOVEMBER 7, 2024

This prestigious award, presented by AGA, an association that connects and empowers financial-related professionals who support government, is for the IRS’s FY 2023 Agency Financial Report. Earlier this year, the IRS received its second consecutive Certificate of Excellence in Accountability Reporting (CEAR) award.

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accounting principles financial statements Government Tax 115

RogerRossmeisl

JANUARY 12, 2023

On January 10, 2023, IRS news release IR-2023-03 announced that California storm victims now have until May 15, 2023, to file various federal individual and business tax returns and make tax payments. The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA).

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California Tax tax return CPA 246

RogerRossmeisl

OCTOBER 30, 2023

And due to high inflation, the adjustments for 2023 were big. 179 deductions For qualifying assets placed in service in tax years beginning in 2023, the maximum §179 deduction is $1.16 However, the amounts change every year due to inflation adjustments. Here are the numbers that small business owners need to know.

Real Estate 264

Real Estate CPA Tax cpa firm 264

RogerRossmeisl

OCTOBER 29, 2023

According to the National Association of Realtors, the median price of existing homes sold in July of 2023 rose 1.9% Be aware of the tax implications if you’re selling your home or you sold one in 2023. over July of 2022 after a couple years of much higher increases.

Tax 264

Tax income tax CPA Sales 264

RogerRossmeisl

NOVEMBER 1, 2023

As reported via IR-2023-202 on 11/1/2023 IRS opens free Energy Credit Online tool for sellers of clean vehicles to register for time-of-sale reporting and dealer advance payments for the Clean Vehicle Credit The Internal Revenue Service announced today that sellers of clean vehicles can now register using the new IRS Energy Credits Online tool, available (..)

Tax 264

Tax CPA Sales 264

RogerRossmeisl

NOVEMBER 20, 2023

As reported via IR-2023-193 on 10/19/2023 Special initiative aimed at helping businesses concerned about an ineligible claim amid aggressive marketing, scams As part of a larger effort to protect small businesses and organizations from scams, the Internal Revenue Service announced the details of a special withdrawal process to help those who filed (..)

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Tax CPA cpa firm business tax 262

Withum

MARCH 25, 2025

Explore Other Episodes The post Understanding ASU 2023-08 and Fair Valuing Your Digital Assets appeared first on Withum.

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RogerRossmeisl

JANUARY 1, 2024

As reported via IR-2023-230 on 12/6/2023 As part of continuing efforts to combat dubious Employee Retention Tax Credit (ERTC) claims, the Internal Revenue Service is sending an initial round of more than 20,000 letters to taxpayers notifying them of disallowed ERTC claims.

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CPA Tax cpa firm business tax 258

CPA Practice

NOVEMBER 19, 2024

For example, the report found that 50% of the S&P 500 included discussion of the audit committee considerations in appointing or reappointing the external auditor, which is barely up from 49% of the S&P 500 in 2023. 60% of S&P 500 boards disclosed they have a cybersecurity expert compared with 51% in 2023.

audit 111

audit auditor Government 111

Withum

FEBRUARY 14, 2025

He is a graduate of the FICPAs Leadership Academy Class of 2023-2023, a high-impact, selective program for the accounting industrys emerging leaders. Ryan, an audit manager in our Orlando office , serves privately owned and publicly traded clients in the Professional Services , Manufacturing, Distribution and Logistics industries.

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cpas Florida CPA Manufacturing 111