RogerRossmeisl

FEBRUARY 20, 2023

An array of tax-related limits that affect businesses are indexed annually, and due to high inflation, many have increased more than usual for 2023. Social Security tax The amount of employees’ earnings that are subject to Social Security tax is capped for 2023 at $160,200 (up from $147,000 for 2022). million (up from $1.08

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Tax CPA business tax 180

RogerRossmeisl

JANUARY 2, 2023

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2023. If you don’t pay your estimated tax by January 17, you must file your 2022 return and pay all tax due by March 1, 2023, to avoid an estimated tax penalty. If you have questions about filing requirements, contact us.

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Tax CPA business tax 177

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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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 169

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.

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accounted Account accountant 147

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.

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CPA audit Real Estate income tax 124

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

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CPA business tax Tax 203

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).

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payroll tax Tax payroll accounted 111

BurklandAssociates

OCTOBER 5, 2023

The post SaaS Finance Toolkit Updates for 2023 appeared first on Burkland. New industry research, planning templates, eBooks, podcasts, and articles to help SaaS startups plan and scale their financial operations.

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Finance 130

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 188

Accounting Today

OCTOBER 23, 2024

The Treasury and the IRS granted a filing exception for tax-exempt organizations, saying they don't have to file Form 4626 for tax year 2023.

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Tax corporation tax 122

CPA Practice

NOVEMBER 6, 2023

AICPA Foundation announces 2023–24 doctoral scholarship recipients The AICPA Foundation granted fellowships to 25 minority doctoral students as part of the AICPA Fellowship for Minority Doctoral Students. The 2023–24 Minority Doctoral Fellowship recipients and the universities they are attending are as follows: Allison A.

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Withum

JANUARY 20, 2023

Our 2023 Tax Pocket Guide, which provides valuable updates and information including a chart of the most common tax rates for individuals and businesses, is a concise snapshot that provides the basics to help you start the tax planning process. Let’s Chat The post 2023 Tax Pocket Guide appeared first on Withum.

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Going Concern

DECEMBER 29, 2023

The barely anticipated year-end phoning in of content look back on what news was important to Going Concern readers and Google visitors in 2023. With Project Everest on Pause, Let’s Pause a Sec to Shed a Tear For EY’s Reputation As Transaction Advisors published March 16, 2023 #9. It’s here! Happy New Year, everyone!

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auditor Florida audit 109

CPA Practice

MARCH 18, 2024

More than 458,000 workers were involved in major strikes in 2023, according to an EPI analysis of data released by the Bureau of Labor Statistics (BLS). Roughly 75% of major work stoppages in 2023 took place in the private sector—with over half occurring in a health care setting, including the largest recorded health care strike in U.S.

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Agriculture Healthcare 111

CPA Practice

DECEMBER 19, 2023

Some of the standouts for December 2023 are described below. From December 1, 2023, through February 29, 2024, retail sales of residential energy sources and services are exempt from local sales and use tax in Erie County, New York. to 4.5% effective December 1, 2023. to $250 effective July 1, 2023. cents per gallon.

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South Carolina Tax Florida tax return 111

CPA Practice

JANUARY 3, 2024

small businesses experienced job growth for all of 2023 and extended a cycle of consistent job growth for 33-straight months, according to December data from the Paychex Small Business Employment Watch. In addition, weekly hours worked growth in 2023 was the most stable it has been since 2018. All 20 of the largest U.S.

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Cherry Bekaert

OCTOBER 25, 2023

The Financial Accounting Standards Board (FASB) has issued Accounting Standard Update (ASU) 2023-03 through ASU 2023-06. The latest issue of the Rundown features a summary of the new standards issued during the third quarter of 2023. For summaries of the standards issued continue reading.

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financial statements accounting and finance accounting standards Finance 111

Insightful Accountant

APRIL 8, 2024

The deadline for most taxpayers to file and pay their 2023 federal tax is April 15, 2024 The IRS has some important reminders for taxpayers who haven’t filed yet.

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tax return Tax 105

CPA Practice

MARCH 13, 2023

changes take effect in 2023. In other words, your RMDs for the 2023 tax year depend on the balance in your accounts as of December 31, 2022, even though the actual amount is undoubtedly higher or lower on the date of the distribution. increases it again by another year—to age 73—for 2023 and thereafter. These SECURE Act 2.0

income tax 105

income tax Tax Account accounted 105

Accounting Today

OCTOBER 25, 2023

In spite of the lack of new tax legislation so far this year, taxpayers and tax preparers have plenty to focus on in preparing 2023 returns.

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tax planning Tax tax preparation 138

CPA Practice

JUNE 12, 2023

June 25-28, 2023 St. The training sessions and main stage sessions at Scaling New Heights 2023 will address the issues that keep you from soaring with cutting-edge CPE-eligble education on practice management, pricing strategies, process automation technologies, hiring strategies, engagement management…and more.

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bookkeeping Technology Education Maine 105

CPA Practice

SEPTEMBER 11, 2023

The Wisconsin Institute of Certified Public Accountants or WICPA has announced a series of upcoming conferences including the following: Business & Industry Fall Conference – September 18, 2023 at the Brookfield Conference Center in Brookfield, Wisconsin, which will be livestreamed for those not able to attend the conference in person.

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Withum

DECEMBER 18, 2023

As the end of the year approaches, Withum is excited to share a round-up of the Firm’s giving efforts for 2023. As 2023 closes out and 2024 approaches, Withum looks forward to another year of giving. The post Withum Wrap-Up: Giving Back in 2023 appeared first on Withum.

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accounted Account accountant 116

Cherry Bekaert

SEPTEMBER 28, 2023

The September issue of the Regulatory Compliance Digest features a summary of the latest updates including FDIC’s 2023 Risk Review, FFIEC releases Census Flat Files and updates to the BSA/AML Examination Manual, OFAC’s Web Series Launched, CFPB Filing Instructions Guide for Small Businesses and more. banking system.

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accounting and finance Legal Texas Finance 96

Insightful Accountant

DECEMBER 20, 2023

New workflow, reporting, free e-file of corrections and E-file payment flexibility and will be available for the 2023 filing period. Preparing, filing, and correcting 1099s is now easier than ever in QuickBooks Online.

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quickbooks 111

Cherry Bekaert

SEPTEMBER 12, 2023

The IRS clarified that plan participants who are aged 50 or older can continue to make catch-up contributions after 2023, regardless of income level. Contact Us The post IRS Catch-Up Contribution Changes 2023 appeared first on Cherry Bekaert. Related Guidance SECURE Act 2.0: Summary of Key Tax and Retirement Provisions SECURE 2.0:

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Tax Government 111

Cherry Bekaert

FEBRUARY 27, 2024

On December 14, 2023, the Financial Accounting Standards Board (FASB) expanded income tax disclosure requirements for public and private companies. 2023-09 (ASU 2023-09) and increase transparency of a filer’s global taxes. The expanded disclosure requirements are detailed in Accounting Standards Update No.

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income tax accounting standards Tax Account 98

Cherry Bekaert

JULY 27, 2023

Industry Trends & Insights FDIC Clarifying Supervisory Approach Regarding Supervisory Guidance on Multiple Re-Presentment NSF Fees On June 16, 2023, the FDIC updated its Supervisory Guidance on Multiple Re-Presentment NSF Fees (FIL-40-2022) to clarify its supervisory approach for corrective action when a violation of law is identified.

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Cherry Bekaert

OCTOBER 10, 2023

Iowa On September 29, 2023, the Iowa Department of Revenue announced that the 2022 Pass-Through Entity (PTE) Tax election and 2022 PTE Tax Form are available through GovConnectIowa. North Carolina On October 3, 2023, House Bill 259 (Session Law 2023-134) , North Carolina’s 2023 budget bill, was enacted.

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