Withum

SEPTEMBER 6, 2024

The landscape of estate and tax planning has undergone a substantial transformation due to the Tax Cuts and Jobs Act of 2017 (TCJA), which effectively doubled the federal estate exemption to over $11 million (indexed for inflation to $13,610,000 in 2024) and is not scheduled to sunset until the end of the 2025 tax year.

New Jersey 59

New Jersey income tax Tax New York 59

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). Significant tax bill passed.

payroll 98

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CPA Practice

JULY 5, 2024

1, 2024, to file various federal individual and business tax returns and make tax payments. 1, 2024, deadline also applies to any payment normally due during this period, including the quarterly estimated tax payments due on June 17, 2024, and Sept. These taxpayers now have until Nov.

Oklahoma 59

Oklahoma tax return income tax Delaware 59

Shay CPA

DECEMBER 7, 2022

Sales tax accounts. State franchise and income tax accounts. It can be helpful to sit down with your accountant to get a handle on all of the various accounts with which your business is associated, especially if you’ve been relatively hands-off with your company’s tax compliance. . File a final corporate tax return.

tax accountant 59

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inDinero Tax Tips

JANUARY 16, 2024

Important Tax Deadlines for Businesses You should always keep in mind the importance of these dates. They represent the filing deadline, the final day for submitting your business tax returns. Missing these tax payment deadlines might result in penalties or interest charges. What Is a Tax Extension?

Tax 52

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ThomsonReuters

FEBRUARY 6, 2024

The differences between direct tax and indirect tax are important to understand. Direct tax is paid directly by the taxpayer to the government and cannot be shifted, like federal income tax. In contrast, indirect tax, such as business property taxes, can be passed on or shifted to others.

Tax 52

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KROST

MARCH 16, 2021

2020-25, allowing taxpayers to file a change of accounting method using Form 3115 with the current year of income tax return filing to catch up on the missed depreciation on qualified improvement property. To help taxpayers implement the change, the IRS released Rev.

Real Estate 52

Real Estate tax return Delaware Tax 52

ThomsonReuters

JULY 10, 2023

Sales tax varies by state As noted earlier, sales tax can be an important source of revenue for governments at the state and local levels. This is a point where it can get confusing for businesses as local sales tax varies by state. In Ashland, which is in Alameda County, the tax rate jumps up to 10.25

Sales 98

Sales Tax Michigan Washington 98

inDinero Tax Tips

MARCH 13, 2023

If you receive $200,000 as an S corp employee, you’ll only pay payroll taxes on what you decide is a reasonable salary, say $120,000. The remaining $80,000 will be subject to income tax but not Social Security. For instance, in states like Florida, you will not pay state income tax on profits earned through an S corp.

income tax 52

income tax Non-Profits payroll tax Tax 52

inDinero Tax Tips

MARCH 13, 2023

If you receive $200,000 as an S corp employee, you’ll only pay payroll taxes on what you decide is a reasonable salary, say $120,000. The remaining $80,000 will be subject to income tax but not Social Security. For instance, in states like Florida, you will not pay state income tax on profits earned through an S corp.

income tax 52

income tax Non-Profits payroll tax Tax 52

ThomsonReuters

JUNE 11, 2024

Employers and payroll professionals face a complex web of challenges while managing remote and hybrid work arrangements, particularly concerning state income tax withholding and compliance with varying state labor laws. However, a challenge can arise for smaller businesses when it comes to tax compliance and reporting.

accounting firms 59

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Shay CPA

DECEMBER 27, 2023

Submit your final tax filings Some states (including Delaware) require you to get fully paid up on your taxes before you can dissolve your corporation. You might need to pay the current calendar year’s franchise tax before you can officially close up shop, for example. The post Shutting Down Your Tech Company?

general ledger 52

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Shay CPA

DECEMBER 2, 2022

Founders – check out our tips below that can save your Startup thousands of dollars in Income Taxes, Payroll Taxes, Sales Taxes, and foreign taxes. . R&D Tax Credits: Did you know that if your startup conducts R&D activities it can qualify for up to $500,000 in Payroll Tax Credits?

Tax 59

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ThomsonReuters

DECEMBER 17, 2021

It will have impact across multiple jurisdictions, increase the number of tax returns they need to file, and may require additional disclosures in some countries. Tax leaders need to diligently prepare their department for these changes.”. © 2021 KPMG LLP, a Delaware limited liability partnership and the U.S.

Tax 52

Tax corporation tax Delaware Washington 52

ThomsonReuters

JUNE 15, 2022

These legislative highlights have been grouped into two categories: new opportunities for tax relief and new tax obligations. Tax Relief Enacted in Delaware, Florida, Georgia, and New Mexico. Delaware Relief Rebate Program. The tax credit is referred to as a “relief rebate.”

Rhode Island 105

Rhode Island Delaware Oklahoma Tax 105

Going Concern

JULY 8, 2022

Hammer, who pleaded guilty in August 2018 to one count of filing a false tax return, was the financial officer for various companies controlled by Michael D. CPA William Kawam told a judge on June 30 that he failed to disclose nearly $147,000 of income on his tax returns during a three-year period, authorities said.

North Carolina 52

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ThomsonReuters

APRIL 12, 2021

Government stimulus packages implemented in response to the pandemic created public debt that policymakers may address by enacting or increasing indirect taxes – which is considered less politically risky than increasing individual or corporate income taxes.

Technology 98

Technology Tax corporation tax audit 98

Shay CPA

JANUARY 29, 2025

By March 1, 2025: Delaware Annual Franchise Tax Report Delaware wasnt just the first state to ratify the Constitution. Because of the ease and cost-effectiveness of incorporating in Delaware, a lot of companies establish themselves in this state. By the beginning of June, you need to pay the $300 annual tax.

Delaware 52

Delaware Tax tax return income tax 52

CPA Practice

JUNE 22, 2023

Shapley first contacted the House Ways and Means and Senate Finance panels in April, and in May testimony, told the committee that the Delaware U.S. attorney’s office, Justice Department tax division and broader DOJ had provided preferential treatment and failed to check conflicts of interest in the investigation of Hunter Biden.

Delaware 98

Delaware tax return income tax Massachusetts 98

CPA Practice

APRIL 19, 2023

By Evan Rosen, New York Daily News (TNS) The White House released President Biden’s tax returns on Tuesday, showing he and the first lady recorded an income of about $580,000 in 2022, just below their total from 2021. The release came Tuesday, the deadline for Americans to file their taxes with the IRS.

income tax 52

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CPA Practice

OCTOBER 21, 2024

As a contractor for the federal government, he stole President Donald Trump’s tax returns—so sought after that they were locked up in a vault for protection—and leaked them to The New York Times. To some progressive readers, the details raised questions about a possible wealth tax. Neither responded to requests for comment.

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