TaxConnex

NOVEMBER 18, 2021

Download our Sales Tax Nexus guide to learn more! Once you’ve determined whether you have sales tax nexus or not, you need to determine whether your specific revenue streams are subject to sales tax. For example, the sale of electronically downloaded software or Software-as-a-Service.

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Sales Tax Non-Profits Start-ups 246

Nancy McClelland, LLC

JANUARY 12, 2025

For example, if you’re trying to prepare a tax return for a prior-year and need a list of all the informational documents filed with the IRS that are associated with your SSN, you’d want a Wage & Income Transcript. The best news where downloading any transcript is concerned?

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Tax tax return Account accounted 52

TaxConnex

OCTOBER 6, 2022

Are they nonprofits, resellers, government entities or in some other industry that has an exemption to sales and use tax? It’s typically just 36 to 48 months for a registered taxpayer who’s filing sales and use tax returns on time. Click here to download our ebook, “How Sales Tax Impacts M&A.”).

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Sales Tax tax return Start-ups 246

TaxConnex

JULY 26, 2022

Another DIY example requires you to login to each state’s e-file site where you are filing sales tax returns to retrieve electronic notices.? to learn about our services in providing a sales tax compliance service that will take the burden off of you. Download now! What is your level of notice activity??

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Sales Tax tax return Technology 246

TaxConnex

MARCH 26, 2024

Determining how to manage your compliance process Once you’ve determined your requirements to collect and remit sales tax, you’ve set-up a process to charge sales tax, and you have registered with each required state, you need to consider how you will manage the return filing process.

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Sales Tax Retail tax return 203

Nancy McClelland, LLC

MARCH 9, 2023

Here’s how it works: the IRS receives a copy of every single tax form filed by you – or “on” you (by, say, an employer or brokerage firm). If you’re paralyzed with fear of filing your tax return because you might be missing documents, you can easily find them by accessing your IRS transcript.

tax return 52

tax return Tax Account accounted 52

Withum

JULY 24, 2024

The partner will need to discuss any taxes for those states with their CPA to avoid penalties or interest for late payment of estimated taxes. Or, discuss with the firm what elections are available for composite tax returns or Pass-Through Entity Tax (PTET) withholding.

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tax planning Tax tax return CPA 126

CPA Practice

FEBRUARY 28, 2024

The IRS started accepting and processing income tax returns on January 29, 2024. The deadline to file returns in 2024 is April 15 (this sometimes varies based on weekends or state holidays). This article includes a handy reference chart taxpayers can use to estimate how soon they may get their income tax refund.

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income tax tax return Tax Massachusetts 115

Inform Accounting

MAY 24, 2022

address and may ask for confirmation of personal information or provide false links or download attachments. Do not give out private information (such as bank details or passwords), download attachments or click on any links in emails if you are not sure they are genuine. Remember to declare COVID-19 grants on your tax return.

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tax return Legal Government Tax 98

Nancy McClelland, LLC

JANUARY 16, 2024

For example, if you’re trying to prepare a tax return for a prior-year and need a list of all the informational documents filed with the IRS that are associated with your SSN, you’d want a Wage & Income Transcript. The best news where downloading any transcript is concerned?

tax return 52

tax return Tax Account accounted 52

CPA Practice

AUGUST 22, 2024

View and download transcripts for various payroll, income, and excise tax returns. Sole proprietors can now download business entity transcripts from their BTA account. View and download select digital tax notices, including: CP080 : Reminder – We have not received your return, credits may be on your account.

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tax accountant business tax Tax Account 109

CPA Practice

FEBRUARY 1, 2024

The IRS started accepting and processing income tax returns on January 29, 2024. The deadline to file returns in 2024 is April 15 (this sometimes varies based on weekends or state holidays). This article includes a handy reference chart taxpayers can use to estimate how soon they may get their income tax refund.

Tax 111

Tax tax return income tax Massachusetts 111

Nancy McClelland, LLC

FEBRUARY 6, 2022

If a taxpayer did not receive the full amount, then they are entitled to recoup the difference on their annual tax return. We’ve come to the conclusion that the best solution to these concerns is to continue to ask clients to download their annual Account Transcript and provide it to us via secure upload.

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Account accounted accountant tax return 52

CPA Practice

APRIL 8, 2023

It’s almost March, and the 2023 tax filing season is well underway. If you haven’t filed your tax return yet and are wondering how long it may take to get your refund when you do file, you’re not the only one looking for the answer. That’s without an expensive “tax refund loan” or other similar product.

income tax 115

income tax Tax tax return Massachusetts 115

TaxConnex

OCTOBER 24, 2023

Documentation typically required can include invoices, exemption certificates , summary reports, tax returns and more. To put your fears to rest, download our eBook, Top 10 Tips for Managing Sales Tax Audits. Organize your information. There may be room for negotiation before the final assessment.

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audit Sales Tax auditor 147

Nancy McClelland, LLC

OCTOBER 11, 2023

I wrote a fabulously comprehensive article for MSN back in March about the various types of IRS transcripts, what they’re for, why you’d use one versus another, and how to download them. If you download this list of documents from the IRS, you get a summary of everything filed on your behalf.

tax return 52

tax return Tax accounted Account 52

Nancy McClelland, LLC

OCTOBER 11, 2023

I wrote a fabulously comprehensive article for MSN back in March about the various types of IRS transcripts, what they’re for, why you’d use one versus another, and how to download them. If you download this list of documents from the IRS, you get a summary of everything filed on your behalf.

tax return 52

tax return Tax accounted Account 52

CPA Practice

NOVEMBER 26, 2024

First, keep in mind that the IRS usually starts accepting e-filed income tax returns in the last week of January each year, with the deadline to file returns being April 15 (which sometimes varies based on weekends or state holidays). 1 week after that): * IRS may start accepting returns on Jan. 27, 2025. *Jan.

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Tax tax return income tax CPA 105

ThomsonReuters

NOVEMBER 28, 2023

How are you preparing and reviewing the tax return? How are you delivering the tax return? Download report 2. By comparing a tax return with last year’s documents, automation detects inaccuracies before it’s too late to fix them. Streamline the entire tax workflow. How are you getting paid?

Technology 112

Technology Account accounted accountant 112

CPA Practice

APRIL 9, 2024

What tactics are ‘hot’ this season Phishing continues to be one of the main vectors for tax-related scams this year with malicious actors impersonating legitimate entities to trick CPA professionals into divulging sensitive information or downloading malicious software.

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cpas Tax cpa firm tax return 118

CPA Practice

DECEMBER 26, 2023

It’s almost January, which means the 2024 income tax filing season is coming soon. Although last minute tax law changes can have an impact, the IRS usually starts accepting e-filed income tax returns in the last week of January each year. Or you can download the IRS2Go app to check your refund status.

tax return 105

tax return Tax income tax Massachusetts 105

CPA Practice

JANUARY 30, 2023

Most individual taxpayers won’t have such issues for this tax season. For clarification, the weeks leading up to the April 18, 2023 , deadline is when Americans file tax returns for income they received during the 2022 calendar year, or they can file an automatic extension, which gives them an additional six months to file.

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income tax Tax tax return Massachusetts 105

CPA Practice

JANUARY 29, 2024

It’s back to regular IRS deadlines this year, but with a new tool for many low- and moderate-income households: a service that will prepare and file their tax returns online for free. That sort of virtual hand-holding is similar to what you’d get by using commercial tax preparation software.

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tax preparation South Dakota tax return Arizona 105

Xero

NOVEMBER 18, 2024

Simple and efficient: Xero streamlines partnership tax management by bringing everything into one platform, making it easy for the whole team to use and collaborate on tax returns together. Use Xero Tax for more of your clients: Xero Tax is designed to make it easy to prepare accounts and tax where your clients are using Xero.

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Tax tax return bookkeeping accounted 77

TaxConnex

MAY 9, 2023

The following areas at minimum should be included in your documentation: Data Management:   Include a list of source reports for monthly sales & use taxes, what systems the reports are generated from, who is responsible for generating the reports, where the reports are stored, and when they are available each month. 

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Sales Tax accounting and finance audit 130

CPA Practice

FEBRUARY 24, 2023

It’s almost March, and the 2023 tax filing season is well under way. If you haven’t filed your tax return yet and are wondering how long it may take to get your refund when you do file, you’re not the only one looking for the answer. The IRS Started Accepting Returns on Jan. Updated: Feb. 24, 2023: 4:41 pm ET.

income tax 98

income tax Tax tax return Massachusetts 98

CPA Practice

NOVEMBER 22, 2023

December is here, which means the 2024 tax filing season is coming soon. The IRS usually starts accepting e-filed income tax returns in the last week of January each year, with the deadline being April 15 (which can vary based on weekends or state holidays). Or you can download the IRS2Go app to check your refund status.

Tax 98

Tax income tax tax return Massachusetts 98

CPA Practice

DECEMBER 15, 2023

It’s almost January, which means the 2024 income tax filing season is coming soon. Although last minute tax law changes can have an impact, the IRS usually starts accepting e-filed income tax returns in the last week of January each year. Or you can download the IRS2Go app to check your refund status.

tax return 97

tax return Tax income tax Massachusetts 97

Withum

AUGUST 8, 2024

Blockchain explorers may provide downloadable Excel files to help you get started. Understanding these distinctions can save you from unnecessary panic and ensure accurate reporting when filing your annual income tax returns. Plan for Next Year: Once you’ve filed your taxes, take the time to plan for next year.

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Tax tax preparation tax return tax consultant 94

CPA Practice

JANUARY 8, 2024

The IRS has announced that it will start accepting and processing income tax returns on January 29, 2024. The deadline to file returns in 2024 is April 15 (this sometimes varies based on weekends or state holidays). Or you can download the IRS2Go app to check your refund status. Updated: Jan. 8, 2023 , 2:09 pm ET.

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Tax tax return income tax Massachusetts 98

TaxConnex

OCTOBER 3, 2023

Georgia will require retailers to collect sales and use tax on in-state sales of digitally downloaded products beginning next Jan. 1, Louisiana will shift oversight of the state’s uniform local sales and use tax return and remittance system from the Louisiana Department of Revenue to the Louisiana Uniform Local Sales Tax Board.

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Sales Louisiana Tax Tennessee 147

ThomsonReuters

JUNE 7, 2024

By shifting from billable hours to a value pricing model , you can strengthen your accounting firm’s value proposition and open the door to year-round client relationships (instead of just once-a-year tax return preparation). Download our infographic, The impact of Practice Forward , for a visual of the information from this blog.

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tax return accounting firms Technology Tax 96

Basis 365

FEBRUARY 15, 2023

Tax Accounting duties Tax accountants verify a company's financial statements throughout the year and prepare the final reports necessary to file the company's annual tax returns. Unfortunately, it's common for independent accountants or bookkeepers to profit from the trust and financials of business owners.

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bookkeeping tax accountant Tax Account 97

TaxConnex

APRIL 11, 2023

Not having good paperwork - Once hit by an audit notice, companies often fail to immediately assess their sales tax records and documentation – which in some companies is poorly organized and hard for an auditor to interpret. Documentation typically required can include invoices, exemption certificates, summary reports, tax returns and more.

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audit Sales Tax auditor 130

Xero

JUNE 30, 2022

We’ve recently made a number of enhancements to the features in Xero Tax. Company accounts tax. You’re now able to see backing computations, which are a detailed breakdown of figures that make up the company tax return (CT600) in Xero Tax. Personal tax.

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general ledger Non-Profits tax return Tax 108

TaxConnex

OCTOBER 12, 2023

Once a business has determined a requirement to collect and remit sales tax, they must establish a way to charge sales tax, register with each required state and set up a process for filing the sales tax returns – a daunting process with many steps. Click here to download our ebook, “How Sales Tax Impacts M&A.”

Sales 113

Sales Tax audit tax return 113

CPA Practice

SEPTEMBER 16, 2024

Over half of organizations allocate at least 30 hours monthly to top-level reporting tasks, with the most time consuming dedicated to: tax return preparation (60%), financial statement creation (59%), and ERP system maintenance (57%).

Finance 98

Finance accounting and finance Technology tax return 98