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What’s new in sales tax?

TaxConnex

New Jersey signed budget legislation that changes the state’s corporate tax regulations. Among the provisions was adoption of the state’s economic nexus sales tax thresholds (200-plus transactions or receipts of more than $100,000) for income tax purposes. The enhanced its map of sales and use tax lookup rates.

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Get to Know TaxConnex: Partner Q&A Series - Robert Dumas

TaxConnex

I graduated in 1985 with a Masters in Tax. I was trained in income tax and expected to have a career in public accounting, but I only lasted a few years in a couple of different large CPA firms. I then went to the BellSouth Corporation tax department and had various roles.

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Major Changes to New York’s SALT Workaround as Part of FY23 Budget Bill

Withum

Some of the major PTET highlights include amplifying the benefits for resident S corporation shareholders, as well as establishing a New York City PTET. A full credit similar to the New York PTET is available on the owner level to offset against their personal income tax. PTET Income Tax Addback. Contact Us.

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What is tax advisory?

ThomsonReuters

research and development credits) Trade and customs tax services and guidance Transfer pricing evaluation , documentation, and modification of existing policies Tax valuation services What does a tax advisor do? They may even be a tax attorney.

Tax 98
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Bloomberg Tax Predicts 2025 Standard Tax Rates, Standard Deductions, and AMT

CPA Practice

This is an example of the power and efficiency of Bloomberg Tax & Accounting’s integrated suite of solutions, which modernizes the corporate tax process, from data collection to tax calculations that power key deliverable.

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How Do I Pay Myself and My Taxes as an S-Corporation?

xendoo

Once approved by the IRS, you will file your S-Corporation taxes using Form 1120S. . To minimize error and maximize tax savings, partner with an online Tax CPA at Xendoo. We file your taxes for you so you can focus on growing your business. . What are the Tax Advantages of Filing as an S-Corporation?

Tax 96
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The Top Challenges Faced by Corporate Tax Pros

CPA Practice

The latest survey from Bloomberg Tax & Accounting shows the biggest issues faced by corporate tax departments, as well as trends in the industry. According to the new survey, three-quarters of tax departments report experiencing difficulties in recruiting and retaining talented tax professionals.