Anders CPA

MAY 23, 2023

Be aware that misclassifying an employee as an independent contractor with no reasonable basis for doing so can result in stiff punishment, including being held liable for employment taxes for that worker without the ability to access relief provisions. The taxpayer would then be refunded for taxes withheld unnecessarily from their paycheck.

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CPA Practice

SEPTEMBER 12, 2024

Matt holds a Masters in Accounting and an MBA from the University of Colorado. Becca Martin specializes in partnership taxation and supports clients in tax planning, tax consulting and tax return preparation. All promotions were effective June 1, 2024. Louis Ashley Jung has been with RubinBrown since 2014.

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ThomsonReuters

JUNE 14, 2021

The IRS has posted a June 2021 draft version of the Form 941 , Employer’s Quarterly Federal Tax Return, instructions that take into account the amended and expanded coronavirus (COVID-19) pandemic tax credits and the new COBRA premium assistance credit from the American Rescue Plan Act (ARPA). Federal News. State and Local News.

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SingleTrackAccounting

FEBRUARY 7, 2020

This is in addition to income tax. Luckily for Alley, there’s an easy way to reduce or eliminate this tax. Carrying health insurance is still mandatory under the Affordable Care Act and most small business owners can deduct health insurance related expenses for themselves and their employees on their business tax return.

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SingleTrackAccounting

FEBRUARY 11, 2020

Self Employment tax on the entire amount on your 1099 …. on top of your regular income tax! Most self-employed people only find out about this nightmare situation after they file tax returns with 1099s and are then hit with the tax bill. YOU are paying the highest % of tax out there.

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ThomsonReuters

JULY 7, 2021

Federal Employment Taxes. The United States first imposed a federal income tax briefly during the American Civil War and also in the 1890s. Constitution in 1913 that permanently legalized a federal income tax. And in 2013, the Additional Medicare tax (0.9%) on wages in excess of $200,000 took effect.

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ThomsonReuters

FEBRUARY 9, 2022

The DOL also has a list of potential FUTA credit reduction states for tax year 2022, which includes California, Colorado, Connecticut, Illinois, Massachusetts, Minnesota, New Jersey, New York, Pennsylvania, and the U.S. In Colorado, new paid sick leave requirements took effect in 2022. Virgin Islands.

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ThomsonReuters

JULY 10, 2023

At the state level, it is not uncommon to have more than one sales tax rate. Items deemed necessities like groceries may have a lower tax rate (or even be exempt) in an effort to provide some low-income tax relief. As noted above, many states also have local sales taxes. However, many consumers do not pay the tax.

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PYMNTS

JANUARY 8, 2018

The new service will allow consumers who filed their taxes using Credit Karma to take a $500-$1000 advance on their tax refund without an additional fee or charge. Funds can be deposited into a consumer’s account with 24 hours of the IRS accepting their fully filed tax return. attorney generals.

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CPA Practice

JULY 24, 2024

3, 2025, to file various federal individual and business tax returns and make tax payments. The IRS noted, however, that payments on these returns are not eligible for the extra time because they were due last spring before the hurricane occurred. Quarterly estimated income tax payments normally due on Sept.

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Tax tax return Texas income tax 52

TaxConnex

NOVEMBER 12, 2024

Seven states made up 60% of out-of-state audits in the survey: Alabama, Arizona, California, Colorado, Georgia, New York and Texas. Whatever the reason and however the method, audits are a worry, according to our own latest annual sales tax survey of top finance execs. of businesses had an audit from out-of-state. Review the paperwork.

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Going Concern

APRIL 5, 2024

The filing includes a note from an independent accounting firm, Colorado-based BF Borgers CPA PC, warning that Trump Media’s “operating losses raise substantial doubt about its ability to continue as a going concern.” million in 2023 while generating total revenues of $4.1

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Going Concern

AUGUST 23, 2024

Audit Founder of Trump Media’s Ex-Auditor Faces CPA License Loss [ Bloomberg Tax ] The founder of an audit firm that was branded as a “massive fraud” by the SEC risks losing his certified public accounting license, a punishment that would prevent his firm, BF Borgers CPA PC, from performing external audits or certain complex tax returns.

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