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Deloitte Picks Up an EY Alum As Chief Tax Officer-in-Residence

Going Concern

“Whether directing large corporate tax departments or leading small in-house teams, today’s chief tax officers share common challenges,” said Carrie Falkenhayn, partner, Chief Tax Officer Program leader, Deloitte Tax LLP.

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Shrinking the Delaware Tax Loophole: Other U.S. States to Incorporate Your Business

inDinero Tax Tips

The Delaware franchise tax. A franchise tax is a charge by states on corporations to conduct business in their state. Currently, Alabama, Arkansas, Delaware, Georgia, Illinois, Louisiana, Missouri, New York, North Carolina, and Oklahoma have a franchise tax. Your very own Delaware corporate tax calendar.

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More Than a Loophole: Delaware Sales Tax and Other Benefits of Incorporation in DE

inDinero Tax Tips

And there’s no state corporate income tax on goods and services provided by Delaware corporations that operate outside of the state. Delaware holding companies benefit from no corporate tax on interest and other investments. The state also doesn’t impose personal property tax.

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Mastering Form 2553: Unlocking the Benefits of S Corp Tax Election

inDinero Tax Tips

The IRS website provides a helpful chart that indicates which states should send the form to the IRS Center in Kansas City, Missouri, and which states should send it to Ogden, Utah. Chasing supposed tax advantages can come back to bite you if you haven’t consulted with corporate tax expert.

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What’s Hot on Checkpoint for Federal & State Tax Professionals?

ThomsonReuters

In this edition, we take a look at the recently enacted corporate alternative (book) minimum tax; new elections to convert credits to cash or tax payments; changes to the electric vehicle credit; recent legislation in Kansas, Kentucky, and Missouri; and state taxation of forgiven student loans. Not yet a subscriber?

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Friday Footnotes: Baker Tilly Did What!?; Internship Ranking Winner Same As Last Year; Pillar II to Be a PITA | 10.25.24

Going Concern

State audit shows Butler County residents overtaxed by nearly $223,000 over 3-year-period [ KFVS (Missouri)] An audit by Missouri Auditor Scott Fitzpatrick finds Butler County residents were overtaxed by approximately $222,770 over a three-year period. public company auditing firm fined, censured by U.S.

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Why Small Businesses Need This 2017 Tax Cut to Continue

CPA Practice

The small businesses that anchor our economy are about to face a devastating tax hike that will hurt workers and weaken communities. As the owner of one of those job creators—a third-generation family-owned manufacturing company in Cuba, Missouri—I’m calling on Washington, D.C., But there’s a problem. ©2024 The Charlotte Observer.

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