CPA Practice

APRIL 5, 2024

(TNS) A Kennewick tax preparer cost the United States $42 million in lost tax revenue between 2017 and 2020 after filing tax returns that were riddled with errors, fabrications and fraudulent entries, alleges the Department of Justice. The Department of Justice filed a civil complaint in Eastern Washington District U.S.

tax return 103

tax return Tax tax preparation income tax 103

CPA Practice

JULY 16, 2024

In this role, Wittmer will oversee Grant Thornton’s teams in Arlington, Virginia, Washington, D.C., Wittmer is a principal in Grant Thornton’s Tax practice and has more than 35 years of experience serving public, private and foreign-owned clients in a variety of industries. Baltimore, Pittsburgh and Philadelphia, where he is based.

Iowa 111

Iowa Virginia accounting and finance corporation tax 111

Shay CPA

DECEMBER 7, 2022

Washington. Don’t assume you’re off the hook until you have written confirmation from the appropriate authorities that your tax accounts are shut. . File away R&D tax credit and pandemic aid documentation. File a final corporate tax return. You’re not filing just another tax return here. New Jersey.

tax accountant 59

tax accountant Tax tax return Account 59

CPA Practice

NOVEMBER 7, 2024

The American Institute of CPAs will be holding its 2024 Fall Tax Division Meetings for on-site media on Wednesday, Nov. 13 in Washington, D.C. following the AICPA National Tax Conference. The meetings will include speakers from the Internal Revenue Service, the Treasury Department, and other tax groups.

income tax 52

income tax Tax accounting and finance cpas 52

xendoo

JANUARY 16, 2023

From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate. For example, LLCs that opt for the IRS to tax them as corporations are subject to corporate tax rates.

business tax 52

business tax Tax income tax payroll tax 52

CPA Practice

JUNE 20, 2023

There was also an option to take some or all of the credit as a lump sum when filing annual tax returns. Rosa DeLauro of Connecticut, Suzan DelBene of Washington and others would increase the size of the credit in the month a baby is born to $2,000. The new legislation from Democratic Reps. Ritchie Torres, D-N.Y.,

Tax 52

Tax Connecticut Ohio income tax 52

CPA Practice

MARCH 7, 2024

In his State of the Union speech, President Biden announced a proposal to deny corporations a tax deduction when they pay more than $1 million to any employee. He also described his plans to bump the corporate tax rate up to 28 percent from the level set by former President Trump’s 2017 tax cuts, which put it at 21 percent.

Tax 122

Tax corporation tax Washington Government 122

CPA Practice

JANUARY 23, 2023

Almost all states have seen their budget surpluses grow in the past two years, thanks to federal COVID-19 relief funds and increasing corporate tax revenues as the economy recovers from the pandemic. Efforts failed in several other states.

Idaho 111

Idaho South Dakota Tax Kansas 111

CPA Practice

FEBRUARY 5, 2024

The bill restores corporate tax breaks created by the tax law Republicans passed in 2017 that have expired or are set to expire soon. They include tax credits for research and development, as well as capital projects like building factories or manufacturing equipment.

Idaho 49

Idaho Tax Iowa Kentucky 49

CPA Practice

OCTOBER 2, 2023

By Katelyn Washington, Kiplinter Consumer News Service (TNS) The IRS has granted Louisiana tax relief to areas of the state impacted by seawater intrusion. Affected taxpayers now have extended tax deadlines of Feb. 15, 2024, to file certain tax returns and make tax payments. 15, 2024, to file 2022 tax returns.

Louisiana 59

Louisiana Tax tax return Mississippi 59

Going Concern

JANUARY 10, 2025

Trump Taps Long-Time Tax Lobbyist for Key Treasury Role [ NAPA ] President-elect Trump has turned to an influential and long-time tax lobbyist in Washington, D.C. to serve as the head of tax policy in the U.S. 2 post on Truth Social, Trump announced that he will nominate Ken Kies to be Assistant Secretary for Tax Policy.

New York 52

New York CPA Washington Tax 52

CPA Practice

MAY 7, 2024

taxes are likely to rise as lawmakers look to narrow the federal deficit, Warren Buffett said, as Washington prepares for major tax negotiations next year. By Josh Wingrove, Amanda Albright and Isis Almeida, Bloomberg News (TNS) U.S.

corporation tax 105

corporation tax Tax income tax Washington 105

CPA Practice

NOVEMBER 13, 2024

By Kemberley Washington Bankrate.com (TNS) Taxes may not be the first thing on your mind following the presidential election, but there’s no doubt that tax policy will play a key role in the year ahead, given that the 2017 Tax Cuts and Jobs Act (TCJA) is set to expire at the end of 2025.

tax planning 59

tax planning Tax corporation tax income tax 59

CPA Practice

JULY 9, 2024

The change has K Street preparing to play defense on behalf of business-friendly tax breaks, particularly the 21 percent corporate tax rate that the law made permanent, unlike other breaks aimed at households. President Joe Biden has said he’d like to increase the rate to 28 percent. Ways and Means Chairman Jason Smith, R-Mo.,

Tax 52

Tax Idaho Education Illinois 52

CPA Practice

MARCH 9, 2023

Note: Several states have proposed so-called “wealth taxes” and Massachusetts enacted a “millionaires tax” this year. Biden’s budget also proposes restoring the corporate tax rate to 28%, which is currently 21% because of the 2017 Tax Cuts and Jobs Act. __ All contents copyright 2023 The Kiplinger Washington Editors Inc.

Tax 105

Tax income tax Massachusetts corporation tax 105

CPA Practice

MARCH 15, 2023

Note: Several states have proposed so-called “wealth taxes” and Massachusetts enacted a “millionaires tax” this year. Biden’s budget also proposes restoring the corporate tax rate to 28%, which is currently 21% because of the 2017 Tax Cuts and Jobs Act. __ All contents copyright 2023 The Kiplinger Washington Editors Inc.

Tax 98

Tax income tax Massachusetts corporation tax 98

CPA Practice

AUGUST 2, 2024

Caitlin Reilly CQ-Roll Call (TNS) WASHINGTON — The Senate fell short as expected Thursday of the 60 votes needed to start debate on a $79 billion tax bill that would deliver financial relief to businesses and low-income families, amid opposition from most Republicans and some on the majority side of the aisle as well.

Tax 98

Tax Idaho West Virginia Vermont 98

CPA Practice

MAY 9, 2024

Erik Wasson Bloomberg News (TNS) The cost of extending the 2017 tax cuts for households, small businesses and the estates of wealthy individuals enacted under President Donald Trump has expanded to $4.6 Extending the personal income tax cuts will cost $3.8 trillion, according to new estimates from Congress’ fiscal scorekeeper.

Tax 98

Tax Washington income tax corporation tax 98

CPA Practice

JUNE 14, 2024

By Nancy Cook and Justin Sink, Bloomberg News (TNS) Donald Trump promised to lower the corporate tax rate to 20%, further reducing the income levy on the largest U.S. The current corporate tax rate is 21%, but even a small reduction represents a tax cut worth billions of dollars each year for profitable U.S.

corporation tax 85

corporation tax Tax Washington Legal 85

CPA Practice

AUGUST 15, 2024

By David Lightman McClatchy Washington Bureau (TNS) Kamala Harris has long urged lower federal income taxes for lower and middle class taxpayers, while supporting higher taxes for corporations and wealthier people—positions she’s reiterated since becoming the Democratic Party’s presidential nominee, without further details.

Tax 98

Tax income tax Wisconsin Washington 98

CPA Practice

MARCH 26, 2024

The preference for taxing billionaires, which Senator Elizabeth Warren helped popularize during her 2020 presidential campaign, has grown in recent years from a fringe, left-wing wish-list item to a centerpiece of Biden’s economic policy.

North Carolina 69

North Carolina Wisconsin Nevada Arizona 69

CPA Practice

SEPTEMBER 13, 2024

“We will end all taxes on overtime,” Trump said Thursday at a rally in Tucson, Arizona. The people who work overtime are among the hardest working citizens in our country and for too long, no one in Washington has been looking out for them.” trillion to the national debt over 10 years.

Tax 59

Tax Nevada Arizona corporation tax 59

CPA Practice

MARCH 12, 2024

By Laura Davison, Lauren Vella and Erin Schilling, Bloomberg News (TNS) President Joe Biden’s budget proposal—which calls for sweeping tax increases on corporations and the wealthy—is the opening round of a looming tax fight set to consume Washington next year. rate in Trump’s tax law.

Tax 52

Tax Real Estate income tax corporation tax 52