CPA Practice

OCTOBER 18, 2023

One crucial factor to consider when selecting your business location is the tax environment. Business taxes can significantly impact your bottom line and overall profitability. The importance of business taxes As an entrepreneur, you face countless decisions when starting a business.

business tax 59

business tax Tax Alaska South Dakota 59

CPA Practice

OCTOBER 2, 2023

These areas include: Taxpayers affected by flooding in Illinois and Alaska. 24, 2024, to file various individual and business tax returns. For 2023, however, many taxpayers who had received an extension to file, also later faced various forms of natural disasters for which the IRS has granted additional time to file.

South Carolina 124

South Carolina Tax Georgia income tax 124

Nancy McClelland, LLC

JANUARY 12, 2025

Our firm is located in Chicago, so to get a list of the estimated tax payments youve made to the state of Illinois, go to [link] (without logging in) and enter your SSN, Name, and the tax year in question. “Now What Do I Do With These Files?

Tax 52

Tax tax return Account accountant 52

CPA Practice

OCTOBER 16, 2023

These areas include: Taxpayers affected by flooding in Illinois and Alaska. 24, 2024, to file various individual and business tax returns. For 2023, however, many taxpayers who had received an extension to file, also later faced various forms of natural disasters for which the IRS has granted additional time to file.

South Carolina 111

South Carolina Georgia income tax Vermont 111

CPA Practice

AUGUST 21, 2023

They’re bucking the federal laws and decoupling from federal tax code Section 280E, meaning that legal marijuana firms located in these states can deduct expenses for state tax purposes, even if they can’t do so on their federal income tax returns. Look for more states to follow suit. _

income tax 98

income tax Tax tax return Oregon 98

PYMNTS

FEBRUARY 10, 2020

Separately, Facebook has reportedly settled a lawsuit for violating laws in the state of Illinois tied to facial recognition technology, agreeing to pay a fine of $550 million. The Illinois law — on the books for more than a decade — sets parameters for the collection, use and storage of biometric information.

Tax 70

Tax Illinois Government accounting and finance 70

Xero

JULY 7, 2022

I am originally from Naperville, Illinois and I’m currently a senior studying accounting and business analytics at the Tippie College of Business at the University of Iowa. This summer, I am working at Deloitte as a Business Tax Services Intern in their Chicago office. Tell us a bit about yourself.

Iowa 97

Iowa accounting and finance Illinois bookkeeping 97

Nancy McClelland, LLC

APRIL 9, 2024

We still want folks to make quarterly payments (see my related IRS & Illinois posts for how to do it online), but for the first quarter, at least, we’re asking everyone to use “safe-harbor” calculations. However, times have changed. Why Use 1Q Safe-Harbor Calculations Instead of Annualizing?

Illinois 52

Illinois Tax tax preparation tax return 52

CPA Practice

JANUARY 30, 2024

A team of students from University of Nebraska , Lincoln, claimed victory at the Deloitte FanTAXtic national case study competition by presenting the best analysis on a complex, issues-driven business tax case.

Nebraska 72

Nebraska Florida Mississippi Utah 72

Nancy McClelland, LLC

JANUARY 30, 2024

To say nothing of the fact that the next government shutdown deadline is scheduled for one week before business tax returns are due. And we were freaking out about that delay. I can’t imagine what six weeks will look like. This should make for an even more laid-back season.

Tax 52

Tax tax return Illinois tax preparation 52

CPA Practice

SEPTEMBER 17, 2024

LGA Welcomes Matt Foley, CPA, MST, as Tax Partner LGA recently welcomed Matt Foley, CPA, MST, as a Tax Partner. Matt brings a wealth of experience in corporate, flow-through, and personal taxation to our business tax practice. valuation practice for the industrial manufacturing and aerospace and defense sectors.

Construction 52

Construction Illinois audit Real Estate 52

CPA Practice

APRIL 10, 2023

States typically take one of five different approaches to taxing accommodations: A single, statewide tax on accommodations but no additional local taxes (e.g., Connecticut, Maine, New Hampshire) A combined state/local sales tax on accommodations and local jurisdictions can impose an additional local accommodations tax (e.g.,

Tax 85

Tax West Virginia Wisconsin Virginia 85

ThomsonReuters

OCTOBER 20, 2020

In response to the fluid and uncertain situation that many businesses are facing, Checkpoint Catalyst conducted a comprehensive survey of state tax agencies to find out how individual states are managing tax issues related to COVID-19 worker displacement.

South Dakota 40

South Dakota Sales Tax Rhode Island 40

Nancy McClelland, LLC

JANUARY 15, 2023

As you might imagine, we get quite a few inquiries for tax preparation services, but a) we only do taxes for our small business accounting & bookkeeping clients, and b) we only work with clients in Illinois, Indiana and Wisconsin.

tax preparation 52

tax preparation Tax bookkeeping Wisconsin 52

Snyder

JUNE 9, 2022

Note: The important thing is that the United States income tax rates are marginal , which just means that each tax rate applies to only one part of your income. . Income tax calculations are reflected in the business tax return. In the USA, the IRS or local tax agencies play the role of such authority.

income tax 52

income tax tax return E-commerce Tax 52

ThomsonReuters

JANUARY 30, 2023

Tax credits State legislators are looking to offer businesses tax incentives for certain benefits to employees. Currently, California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Massachusetts, Maryland, Maine, New Jersey, New Mexico, New York, Oregon, Virginia, and Vermont offer such plans along with a few localities.

payroll 105

payroll Hawaii West Virginia Oklahoma 105

inDinero Tax Tips

APRIL 20, 2021

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. The Delaware franchise tax. A franchise tax is a charge by states on corporations to conduct business in their state.

Delaware 58

Delaware Wyoming Nevada Oregon 58

inDinero Tax Tips

APRIL 11, 2023

County-level real estate property tax can exist, but it’s typically very low in comparison to property taxes in other states. In addition, the state has no value-added taxes (VATs), use taxes, or an inheritance tax. The amount of franchise tax and how each state calculates the tax varies.

Delaware 52

Delaware Nevada Sales Oregon 52

ThomsonReuters

DECEMBER 14, 2020

Business Tax Professionals. The tax rules and regulations U.S. Colorado lowered its income tax rate, Arizona passed a high-income surcharge, and Illinois rejected a progressive income tax proposal. Business Tax Professionals appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

business tax 94

business tax Montana Tax New Hampshire 94

ThomsonReuters

JUNE 10, 2021

House bill 118 will immediately take effect after Illinois Governor Pritzker signs it into law. The TRD recommends that taxpayers use one of the special payment methods even if their tax liability was less than $25,000 per month but use of these payment methods is not required for those taxpayers. Increase in wage theft penalties.

payroll 98

payroll Vermont Tax Connecticut 98