Withum

MARCH 7, 2024

We are now seeing the IRS issue standardized information and document requests (IDRs) from a centralized office in Austin, Texas. Contact Us For more information on this topic, please contact a member of Withum’s Business Tax Services Team. Is the IRS Still Issuing ERC Checks?

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Tax income tax tax return audit 126

SkagitCountyTaxServices

MAY 26, 2021

With May 17th behind us (though for those in Texas, Louisiana and Oklahama — this was just another day. But before we leave taxes in the rearview, let’s address an unfortunate reality: as a business owner, you have a greater number of tax reporting obligations than a regular person has. (Of

business tax 41

business tax Tax tax return income tax 41

CPA Practice

NOVEMBER 6, 2023

To date, more than 480 CPAs have participated in the AICPA Leadership Academy, many of whom have gone on to take on leadership positions in their firms, businesses and volunteer organizations. Best Individual Tax Update 2023 , which takes place December 14 from 8:00 AM – 3:45 PM. Those interested can register here.

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CPA cpas Idaho Michigan 113

CPA Practice

MARCH 7, 2023

For example, it makes sense to suggest electing S Corp status to your clients when their self-employment tax burden exceeds the tax burden if the corporation converted to an S Corp. Some states, such as New York, require corporations to elect S Corp at the state and federal levels.

New Hampshire 114

New Hampshire tax return Tax income tax 114

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. 19-21 at Deloitte University, Deloitte’s landmark campus for learning and leadership development in Westlake, Texas. “I

Nebraska 72

Nebraska Florida Mississippi Utah 72

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.,

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Tax West Virginia Wisconsin Virginia 85

Withum

MARCH 27, 2024

Crapo continued the discussion by praising the panelists for their examples of why extending the three business tax provisions from the Tax Cuts and Jobs Act is so critical. As a result, Huntsman was forced to suspend a $50 million project in Conroe, Texas, which would have increased U.S. Research And Innovation?

Finance 59

Finance Manufacturing income tax Idaho 59

ThomsonReuters

JANUARY 30, 2023

Kentucky ( House Bill 69 ), Hawaii ( House Bill 235 ), Minnesota ( Senate Bill 34 ), and Texas ( House Bill 404 ) are proposing employer-provided paid sick leave requirements. Tax credits State legislators are looking to offer businesses tax incentives for certain benefits to employees. Rhode Island. West Virginia.

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payroll Hawaii West Virginia Oklahoma 105

CPA Practice

NOVEMBER 29, 2023

The promotions are as follows: Matthew Corder, CPA, to Senior Audit Manager: Corder joined Hood & Strong in 2014 and currently oversees the audit process for closely-held businesses, nonprofit organizations and employee benefit plans. Corder received his accounting degree from Texas Christian University and holds an M.S.

Real Estate 52

Real Estate audit California cpas 52

CPA Practice

FEBRUARY 9, 2023

A team of students from the Southern Illinois University, Carbondale, claimed victory at the Deloitte FanTAXtic national case study competition by presenting the best analysis on a complex, issues-driven business tax case. The national finals were held Jan.

Illinois 52

Illinois Wisconsin Iowa Louisiana 52

CPA Practice

JULY 28, 2023

Texas requires businesses to collect local sales tax based on “the location where the sale or use is ‘consummated,’” which may be the seller’s place of business. Some states use origin sourcing in certain scenarios, such as sales by in-state sellers.

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Sales Retail Tax New Mexico 98

Angry Accountants

SEPTEMBER 4, 2009

A few people we know worked at the Big 4 for a couple years, then went to law school, and are now doing pretty well for themselves at big law firms or having started their own business/tax law firm. of Texas or a church-run school like BYU. Your Own Office.

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Account accountant accounted Texas 52

CPA Practice

FEBRUARY 16, 2023

“Business owners started doing what they do because they enjoy it and they want to serve their customers well — but most of them don’t like or understand the bookkeeping and systems management,” Robin says. Our goal is to let them get back to the parts of their business they love. Texas has 256 counties, each with different rates.

Sales 52

Sales Tax South Dakota bookkeeping 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

NOVEMBER 2, 2021

Once you have established your company as a C corporation, you can then file an option to be taxed as an S corporation, which means that tax obligations pass through to the owners’ personal tax reporting. If you don’t know what kind of corporation your business is, call the IRS Business Tax Line at 800-829-4933.

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tax return corporation tax income tax Tax 59

CPA Practice

JULY 28, 2023

The ripple effects of the DAGRT case have also left states unclear on how to create, implement and manage their own digital advertising tax efforts. Currently, states with some form of digital advertising taxes include Connecticut, Massachusetts, New York and Texas.

Maryland 52

Maryland Tax Virginia West Virginia 52

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

Withum

APRIL 15, 2025

trillion for federal tax reform but also a goal of $2 trillion in spending cuts, with specific instructions of cutting spending by $1.5 Contact Us For more information on this topic, please contact a member of Withum’s Business Tax Services Team. This included an increase in the budget of $4.5

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Tax Government Texas Washington 52

CPA Practice

JANUARY 19, 2024

By Caitlin Reilly, CQ-Roll Call (TNS) The House Ways and Means Committee voted overwhelmingly Friday to approve a $78 billion tax package that would revive a trio of business tax incentives and expand the child tax credit. Lloyd Doggett of Texas, Linda T. Sanchez of California and Gwen Moore of Wisconsin.

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Tax Wisconsin Massachusetts Start-ups 119

CPA Practice

JULY 24, 2024

The IRS said this week that individuals and businesses in 67 Texas counties affected by Hurricane Beryl now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments. The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA).

Tax 52

Tax tax return Texas income tax 52

Going Concern

NOVEMBER 10, 2023

Whitley Penn Admits Eight to Partnership [ INSIDE Public Accounting ] Fort Worth, Texas-based IPA 100 firm Whitley Penn LLP (FY22 net revenue of $189.6 Customers of the Falasz Tax and Accounting company say they’re upset because the company didn’t file their taxes on time in April and then missed the October extension date.

audit 122

audit accounting and finance auditor accounting firms 122

RogerRossmeisl

DECEMBER 17, 2024

The post To File or Not to File: Navigating BOI Reporting After the Texas Injunction appeared first on Roger Rossmeisl, CPA. Legal challenges have been mounting, with multiple lawsuits questioning the constitutionality of the CTA. A pivotal moment came when the U.S.

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Texas Legal CPA Finance 239

RogerRossmeisl

DECEMBER 6, 2024

In a groundbreaking decision, a federal district court in Texas has issued a nationwide preliminary injunction that blocks the enforcement of the beneficial ownership reporting requirements under the Corporate Transparency Act (CTA). This ruling comes from the case Texas Top Cop Shop v. Garland (December 3, 2024, U.S. 4:24-CV-478).

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Texas CPA cpa firm business tax 264

RogerRossmeisl

DECEMBER 27, 2024

This legal back-and-forth began with a Texas federal district court’s injunction on December 3, The post BOI Reporting Requirements Paused Again as of 12/27/2024 appeared first on Roger Rossmeisl, CPA.

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Texas CPA Legal cpa firm 246

RogerRossmeisl

FEBRUARY 20, 2025

businesses, the Financial Crimes Enforcement Network (FinCEN) has announced the reinstatement of the beneficial ownership information (BOI) reporting mandate under the Corporate Transparency Act (CTA). District Court for the Eastern District of Texas, which lifted a preliminary injunction in the case of Smith, et al. 6:24-cv-00336).

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Texas CPA Legal cpa firm 231

RogerRossmeisl

FEBRUARY 7, 2025

District Court for the Eastern District of Texas issued a preliminary injunction in the case Smith v. Heres what you need to know about the current state of affairs and what might lie ahead: The Legal Background On January 7, 2025, the U.S.

Texas 161

Texas Legal CPA cpa firm 161

Withum

FEBRUARY 20, 2025

Stay up-to-date with the latest BOI reporting requirements and how recent legal changes may affect your business. Subscribe to our Business Tax insights for timely updates delivered directly to your inbox. On February 18, 2025, a federal judge in Texas voluntarily lifted its nationwide preliminary injunction while the U.S.

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Texas Legal Government tax services 116

Going Concern

FEBRUARY 3, 2025

Brigham Young once again proves they’ve got superior accounting skills : A group of students representing Brigham Young University emerged as the winners of Deloitte’s 2025 FanTAXtic national case study competition by delivering the top analysis on an issue-focused business tax case. The national finals were held Jan.

Account 52

Account accountant accounted institute of chartered accountants 52

Withum

JANUARY 30, 2025

As Representative Chip Roy (R-Texas) told Politico : They are counting on the ability to try to take border [funding], put it in reconciliation with tax cuts and roll us on spending. Contact Us For more information on this topic, please contact a member of Withum’s Business Tax Services Team. That aint gonna fly.

Tax 85

Tax Florida Texas income tax 85

Going Concern

FEBRUARY 2, 2024

Advocates file FTC complaint against Deloitte over Medicaid eligibility software errors [ Texas Standard ] At least 90,000 Texans were wrongfully removed from Medicaid coverage because of unidentified system glitches last year, though the state was able to restore their care when the problem was identified. So, she clicked.

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audit Tax Texas Massachusetts 122