Withum

AUGUST 14, 2024

On August 9, 2024, the IRS announced relief from certain tax filing and payment deadlines for individuals and businesses in all of South Carolina, most of Florida and North Carolina, and part of Georgia that were affected by Hurricane Debby.

South Carolina 126

South Carolina North Carolina Georgia Florida 126

CPA Practice

OCTOBER 11, 2023

Public accounting starting salaries for 2024 are expected to range between 7% and 38% higher than the national averages in eight of the top 10 cities in the U.S. Last week, specialized staffing firm Robert Half released its 2024 Salary Guide , and an analysis of the pay data by CPA Practice Advisor revealed a 3.6% by profession.

public accounting 115

public accounting accountant salary Account accounted 115

CPA Practice

JANUARY 10, 2024

The class of 2024 includes: Chris Adamson , Assurance, Boston Armen Aghajani , Advisory, Orange County, CA Sean Ahmadinejad , BDO Digital, Houston Kristi Allen , Tax, Denver Phil Barnes , Assurance, Philadelphia Ruel Bognot , Assurance, Dallas Will Borden , Advisory, New York City Merci Bowie , Assurance, Washington, D.C.

Washington 104

Washington New York tax services Tax 104

Withum

MARCH 7, 2024

The VDP allow taxpayers to keep 20% of the ERC claimed, tax free, as well as the interest received, but taxpayers must apply to the program by March 22, 2024, and agree to extend the statute of limitations. Should I File a Protective Income Tax Refund Claim?

Tax 126

Tax income tax tax return audit 126

Withum

FEBRUARY 1, 2024

7024, Tax Relief for American Families and Workers Act of 2024 , by a wide bipartisan vote of 357 to 70 yesterday evening. The refundable child tax credit would continue to increase by $100 per year through Dec. The refundable child tax credit would continue to increase by $100 per year through Dec. Taiwan tax provisions.

Tax 124

Tax Finance tax services business tax 124

Menzies

SEPTEMBER 20, 2024

With a recent change in Government promising to fill the tax gap, the Prime Minister has warned the budget will be “painful”. See our Autumn Budget 2024 Predictions and Wish List below. See our Autumn Budget 2024 Predictions and Wish List below. Another possible area of target may be triggering capital gains tax on death.

tax services 59

tax services Tax income tax Agriculture 59

CPA Practice

NOVEMBER 15, 2024

The American Institute of CPAs has recognized two prominent Tax Division members during the 2024 AICPA Fall Tax Division Meeting. received the Jonathan Horn Distinguished Service Award. Sansone, CPA – 2024 Arthur J. He also served on the AICPA’s Tax Executive Committee. Dixon Memorial Award James (Jim) W.

Tax 111

Tax CPA cpas Washington 111

CPA Practice

SEPTEMBER 12, 2024

Avantax Welcomes $60M Advisor Ali Kazemi and His Northern California-based Sentinel Financial Group Avantax, a Dallas-based leader in tax-intelligent financial planning and wealth managemen, recently welcomed Ali Kazemi, a seasoned financial services industry veteran with 30 years of experience.

Kansas 104

Kansas Pennsylvania audit accounting and finance 104

ThomsonReuters

JULY 18, 2024

To help tax and accounting professionals, this article explores some of the top issues firms face and the solutions that can help them achieve greater success. The top challenges facing tax and accounting professionals will vary depending on the size of the firm and the resources it has in place.

Account 91

Account accounted accountant Technology 91

inDinero Tax Tips

OCTOBER 22, 2024

You may have heard that Nevada LLC taxes are favorable to business owners. This is true if you plan to do business there, but keep in mind it’s rarely advantageous for out-of-state businesses to incorporate somewhere other than their home state; taxes accrue where you do business, not where you incorporate.

Nevada 105

Nevada Tax income tax payroll tax 105

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. per $1,000 of its tax base.

North Carolina 104

North Carolina Tax income tax tax return 104

CPA Practice

OCTOBER 28, 2024

Conference activities centered around small business practices, advisory services, professional tax services, and accounting firm management will be held from October 28-30. Intuit is the maker of QuickBooks, several professional tax solutions, TurboTax, Credit Karma and Mailchimp, and has more than 100,000 customers worldwide.

quickbooks 104

quickbooks accounting and finance New York Education 104

CPA Practice

JANUARY 29, 2024

The Internal Revenue Service opened the 2024 tax season on January 29, 2024, accepting and processing federal individual tax returns, and announcing that it expects more than 146 million individual tax returns for 2023 to be filed this filing season. The Where’s My Refund? Paperless processing.

tax return 116

tax return Tax income tax tax preparation 116

Withum

JUNE 12, 2024

S Corporation shareholders and partners in a partnership could see their effective federal income tax rate increase by 30% by the end of December 31, 2025, due to the expiration of certain tax laws. A dramatic increase to the effective tax rate may catch many pass-through entity businesses by surprise.

income tax 127

income tax Tax corporation tax Non-Profits 127

Withum

SEPTEMBER 1, 2023

On August 30, 2023, the IRS announced relief from certain tax filing and payment deadlines for individuals and businesses in parts of Florida that were affected by Hurricane Idalia. The tax relief postpones various tax filing and payment deadlines that occur from August 27, 2023, through February 15, 2024 – the postponement period.

Tax 98

Tax tax return Florida payroll 98

Withum

JULY 10, 2024

The bills’ passage resulted in suspending the net operating loss deduction for businesses with greater than $1 million in income and limiting business tax credit utilization, along with other changes. SB 167 suspends the net operating loss (NOL) deduction for tax years beginning on or after Jan. 1, 2024, and before Jan.

California 125

California income tax Tax business tax 125

Withum

OCTOBER 3, 2024

The IRS issued a news release providing tax relief for taxpayers affected by Hurricane Helene. Key Hurricane Helene Tax Relief Information Who qualifies for this relief? Key Hurricane Helene Tax Relief Information Who qualifies for this relief? Provide the FEMA Disaster Number of the area where your tax preparer is located.

South Carolina 130

South Carolina North Carolina tax preparation income tax 130

CPA Practice

OCTOBER 8, 2024

next year, with roles in tax services expected to see an average increase of 8.4% In the public accounting category, Robert Half provides projected 2025 starting salaries for eight positions: four in tax services and four in audit and assurance services. The results were: Tax services Senior manager: 10.8%

public accounting 116

public accounting Account accounted accountant 116

Withum

DECEMBER 18, 2024

Finance teams planning for their year-end financial statement audit have an even longer list of things to think about at the end of the year, including income statements, balance sheets, and, finally, the income tax provisions and disclosures that must be presented in the financial statements.

Tax 93

Tax auditor financial statements income tax 93

Cherry Bekaert

FEBRUARY 12, 2024

On December 14, 2023, the Financial Accounting Standards Board (FASB) issued final guidance concerning income tax disclosures, labeled Accounting Standards Update No. For businesses surpassing specified quantitative thresholds, further disaggregation by taxing jurisdictions may be required. 2023-09 (ASU 2023-09).

income tax 105

income tax Tax accounting standards financial statements 105

CPA Practice

OCTOBER 2, 2023

The global talent solutions provider recently released its 2024 Salary Guide , which includes pay expectations for numerous positions in accounting and finance. According to LHH, there is more optimism heading into 2024 than there was this time last year as 2023 approached. in 2024 for all 11 positions and across all experience levels.

public accounting 72

public accounting accountant salary Account accounted 72

CPA Practice

OCTOBER 30, 2024

Aprio , a top 25 business advisory and accounting firm, has released its 2024 End of Year Tax Update , highlighting 2024 tax updates and factors that will significantly impact tax planning for 2025 and beyond. corporation in these transactions, helping to prevent double taxation or loss of basis.

Tax 59

Tax business tax tax planning tax services 59

Withum

MARCH 30, 2024

Withum is excited to announce that on March 31, 2024, BBD LLP (BBD); a public accounting, tax and advisory firm dedicated to serving nonprofit and government organizations headquartered in Philadelphia, will join its practice with Withum.

cpa firm 124

cpa firm CPA Government public accounting 124

Withum

JANUARY 24, 2023

The penalty can be reduced to 10% for IRA owners who take the RMD within a specified time period and submit a corrected tax return. Employer-sponsored Roth retirement plans (Roth 401(k) plans) will be exempt from the RMD requirements starting January 1, 2024. Contact Us If you have questions about the SECURE Act 2.0

Start-ups 26

Start-ups tax return Tax Education 26

Withum

AUGUST 21, 2024

Beneficial ownership information (BOI) reporting began on January 1, 2024. There are many court cases winding through the Federal court system and one District Court in March 2024 declared the BOI reporting statute unconstitutional, but only as to the plaintiffs in that particular lawsuit.

income tax 118

income tax tax services Tax Sales 118

CPA Practice

FEBRUARY 19, 2024

Professionals on the Move is a round-up of recent promotions and staffing announcements from around the accounting and tax profession. Schneider Downs Boosts Tax Team Schneider Downs & Co., Hailey Adams , Tax Manager, has been in public accounting for over 9 years, primarily focusing on tax-exempt organizations.

New Hampshire 64

New Hampshire audit accounting and finance Non-Profits 64

Withum

FEBRUARY 16, 2024

Withum is proud to share that Scott Reddersen was named to the Washington Business Journal 40 Under 40 List for 2024. Scott has over 15 years of experience and specializes in tax compliance and planning for high-net-worth individuals.

Washington 111

Washington North Carolina Education tax services 111

Withum

JANUARY 31, 2024

Affected taxpayers qualifying for this tax relief include individuals and householders who reside or have a business in Providence County. The taxpayers eligible for relief under this information release now will have until June 17, 2024, to file various federal individual and business tax returns and to make tax payments.

Rhode Island 72

Rhode Island income tax tax return Tax 72

CPA Practice

JANUARY 18, 2024

In today’s fast-paced world, you are constantly juggling between client needs, regulatory demands, and staying abreast of ever-changing tax laws. 10 Quick Tips Here are 10 quick tips to market your services efficiently, even when time is a luxury you don’t have. Helping [your niche] stress less this tax season! Inflation Pinch?

CPA 111

CPA income tax quickbooks Tax 111

Anders CPA

NOVEMBER 21, 2023

Year-end is approaching fast, which means this is the perfect time for businesses to make some final adjustments to their tax planning strategies. Exploring options such as a de minimis safe harbor election or purchasing assets to take advantage of 2023’s bonus depreciation of 80% could have a big impact on a business’s tax burden come April.

tax planning 64

tax planning Tax financial statements tax return 64

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. ” Daum said.

Construction 59

Construction tax services Tax payroll 59

CPA Practice

DECEMBER 10, 2024

Eide Bailly Welcomes Chad Martin as Principal in the National Tax Office, Leading Transfer Pricing Practice Eide Bailly, a nationally recognized certified public accounting and business advisory firm recently welcomed Chad Martin as Principal in the National Tax Office. Hedgeweeks U.S. across a wide range of categories.

public accounting 52

public accounting Real Estate Ohio California 52

CPA Practice

MAY 8, 2024

The new partners and principals in the class of 2024 “have a diverse range of skills, backgrounds, and expertise that will further strengthen our firm’s capabilities and bring value to the many clients we serve,” the firm said.

audit 59

audit tax services accounting firms Tax 59

Withum

FEBRUARY 21, 2024

The new beneficial ownership reporting under the Corporate Transparency Act was signed into law on January 1, 2021 and took effect on January 1, 2024. Beneficial ownership information (BOI) must be reported for the reporting entity’s beneficial owners and for entities formed or registered in 2024 or later – company applicants.

income tax 125

income tax tax return Tax accounting and finance 125

Withum

DECEMBER 4, 2024

The corporate tax rate is currently a flat 21% rate. There is also a 15% corporate alternative minimum tax (CAMT) based on book income for companies with average annual adjusted financial statement income exceeding $1 billion. Please work with your tax advisor for future planning.

Tax 59

Tax income tax Construction Non-Profits 59

CPA Practice

DECEMBER 2, 2024

AICPA Recognizes Tax Experts with Arthur J. Dixon Memorial Award and Jonathan Horn Distinguished Service Award The American Institute of CPAs (AICPA) recently recognized two prominent Tax Division members during the 2024 AICPA Fall Tax Division Meeting. Sansone, CPA – 2024 Arthur J. Dixon Memorial Award.

CPA 52

CPA cpas accounting and finance Education 52

Cherry Bekaert

FEBRUARY 12, 2024

The Financial Accounting Standards Board (FASB) released final guidance regarding income tax disclosures on December 14, 2023. 2023-09 (ASU 2023-09) applies to all entities subject to income taxes and is intended to enhance the transparency and usefulness of income tax disclosures. Accounting Standards Update No.

income tax 97

income tax Tax accounting standards financial statements 97