article thumbnail

Colorado Set to Join IRS Direct File Program in 2026

CPA Practice

By Nick Coltrain The Denver Post (TNS) Coloradans will soon be able to file their federal income taxes directly online for free under a program created by the Inflation Reduction Act.

article thumbnail

New South Carolina Tax Credit to Incentivize Expanding Trail System

Cherry Bekaert

Contributor: Nick Cousino, Senior Manager A new South Carolina tax credit that encourages private parties to expand the state’s ever-growing trail system went into effect May 13. A taxpayer allowing for a six-foot wide trail for two miles may be eligible to claim an income tax credit of $6,336.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Pennsylvania High Court to Consider Case on Pittsburgh’s ‘Jock Tax’

CPA Practice

City attorneys argue that there was no distinction between residents and non-residents because the out-of-town athletes and performers pay a 3% tax, whereas locals would pay a 2% school tax and a 1% income tax. Heisler said in a statement Tuesday afternoon.

article thumbnail

Detailed Insight of Section 74A of CGST Act, 2017| Common Provisions for Fraud and Non-Fraud Cases Under GST Law

VJM Global

Accordingly, show cause notice number section 74A can be issued by 30th June 2029 (i.e., Therefore, for FY 2024-25 , if the notice is issued on 30th June 2029 then the order is required to be issued by 30th June 2030. E.g. For FY 2024-25 , the due date for furnishing of annual return is 31st December 2025.

Tax 52
article thumbnail

Detailed Insight of Section 74A of CGST Act, 2017| Common Provisions for Fraud and Non-Fraud Cases Under GST Law

VJM Global

Accordingly, show cause notice number section 74A can be issued by 30th June 2029 (i.e., Therefore, for FY 2024-25 , if the notice is issued on 30th June 2029 then the order is required to be issued by 30th June 2030. E.g. For FY 2024-25 , the due date for furnishing of annual return is 31st December 2025.

Tax 52
article thumbnail

Pennsylvania High Court to Consider Case on Pittsburgh’s ‘Jock Tax’

CPA Practice

City attorneys argue that there was no distinction between residents and non-residents because the out-of-town athletes and performers pay a 3% tax, whereas locals would pay a 2% school tax and a 1% income tax. Heisler said in a statement Tuesday afternoon.

article thumbnail

New Missouri Tax Credit Incentivizes Businesses to Hire Interns and Apprentices

Anders CPA

This law provides an income tax credit for taxpayers who hire an intern or apprentice who is paid at or beyond the minimum wage. The credit will expire on December 31, 2029. Anders State and Local Tax advisors keeps a close eye on evolving legislation around tax credits and incentives. Governor Michael L.