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Arkansas Storm Victims Get Tax Deadline Extension to July 31

CPA Practice

Individuals and households that reside or have a business in Cross, Lonoke and Pulaski counties in Arkansas now have until July 31, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service has announced. See Publication 547 for details.

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Maryland Digital Ad Tax Case Leaves States in Limbo, But Digital Taxes Aren’t Going Away

CPA Practice

The digital economy has caused an incredible shift in how jurisdictions create, administer, remit and audit indirect taxes. Over the last decade, businesses, governments, regulators and policy makers have all been trying to make sense of this new retail landscape. The tax levies a rate of 2.5%

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More Than a Loophole: Delaware Sales Tax and Other Benefits of Incorporation in DE

inDinero Tax Tips

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. Delaware is considered “the place” to establish your corporate entity as there’s no Delaware sales tax. Delaware is considered “the place” to establish your corporate entity as there’s no Delaware sales tax.

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Shrinking the Delaware Tax Loophole: Other U.S. States to Incorporate Your Business

inDinero Tax Tips

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. The Delaware Division of Corporations offers electronic (in-person is suspended during the COVID-19 emergency) submission of business entity documents between the hours of 7:45 a.m. Delaware does tax companies.

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Congress Mandates that Marketplaces Monitor High-Volume Sellers

CPA Practice

Marketplace facilitators are being required to monitor and vet high-volume marketplace sellers in a growing number of states, including Arkansas , California , and Oklahoma. This legislation takes that concept one step further and turns businesses into law enforcement agents. Make a business collect your sales tax.

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A Refresher on the Types of Small Business Legal Structures, and Their Benefits

CPA Practice

Now is an excellent time to review how your clients’ legal structure affects their business and personal taxes. Let’s look at the types of entities, how taxes are filed, and when clients should consider changing their entities. The IRS equally taxes all partners who share legal and debt responsibilities.

Legal 98
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Top 10 Outrageous Things You Are Taxed On | You Won’t Believe This

LyfeAccounting

And we’ll be talking about that in today’s post – the 10 most outrageous things you are taxed on. Top 10 Outrageous Things You Are Taxed On. The first one on our list of outrageous things you are taxed on probably never crossed your mind – illegal activities. Let’s dive in! Illegal Activities.

Tax 52