TaxConnex

JULY 30, 2024

That’s a term states often consider too broad; best to keep “professional services” as a defined activity of architecture, engineering, medical, legal and accounting. Telecom , by the way, is in our opinion one of the most taxed and regulated products/services across all states.

South Dakota 264

South Dakota Alaska New Hampshire Montana 264

CPA Practice

OCTOBER 4, 2024

During the pilot last year, Direct File was available in Arizona, California, Florida, Massachusetts, Nevada, New Hampshire, New York, South Dakota, Tennessee, Texas, Washington State and Wyoming. It guides taxpayers through a series of questions to prepare their federal tax return step-by-step.

Alaska 126

Alaska South Dakota North Carolina tax return 126

CPA Practice

SEPTEMBER 9, 2024

As a general rule, taxpayers should make estimated tax payments if they expect: To owe at least $1,000 in taxes for 2024 after subtracting their withholding and tax credits. The Payments page on IRS.gov provides complete tax payment information, how and when to pay, payment options, and more.

West Virginia 95

West Virginia South Dakota South Carolina North Carolina 95

CPA Practice

AUGUST 27, 2024

There are a few other differences you should know : Real estate property does not necessitate filing a tax return; an assessor estimates the value of your property and sends you a notice detailing the valuation and taxable amounts. When it’s time to pay, you’ll receive a real property tax bill in the mail.

Rhode Island 115

Rhode Island Tax Real Estate tax return 115

ThomsonReuters

JUNE 22, 2021

New Mexico. Beginning July 1, new forms will be used to report withholding tax. Form TRD-41414, Wage Withholding Tax Return, will be used to report withholding from payments to employees. Form TRD-41409, Non-Wage Withholding Tax Return, will be used to report withholding from non-wage payments.

payroll 72

payroll Virginia Utah West Virginia 72

ThomsonReuters

OCTOBER 6, 2021

Each state gets to decide what matters most — your payroll, property, or sales — and in what ratio to account for them. This can make calculating state income tax complex, particularly if you do business in multiple states. A single sales factor formula , which bases taxes solely on a company’s sales within the state.

income tax 52

income tax Tax payroll Massachusetts 52

Going Concern

AUGUST 2, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. It’s free! PwC chief’s $1.2m

audit 59

audit CPA auditor accounting firms 59