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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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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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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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.

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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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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.

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tax return Tax income tax Massachusetts 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?

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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.

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tax return Tax income tax Massachusetts 97

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

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.

Tax 98

Tax tax return income tax Massachusetts 98

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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TaxConnex

FEBRUARY 24, 2022

But many business owners have been gut-punched during due diligence when an unanticipated sales and use tax?deficiency 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.?This

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Sales Tax tax return payroll 198

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.

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income tax Tax tax return Massachusetts 115

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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Ronika Khanna CPA,CA

NOVEMBER 8, 2024

Like many small business decisions, the answer in not necessarily straightforward and depends on the business owner’s specific set of circumstances: Digital Download Available at Amazon What is A Business Registration? The owner is responsible for the debts of the business and pays taxes (or can deduct losses) on their personal tax return.

Legal 84

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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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Ronika Khanna CPA,CA

AUGUST 29, 2024

One of these obligations requires that you calculate and pay the full amount of your income taxes when you file your income tax return, rather than having your employer remit deductions from your paycheck directly. Digital Download What is an Instalment Payment? Payment can be made via cheque or online banking.

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TaxConnex

MAY 20, 2021

Secure copies of return images and reports – Most sales tax outsourcing providers will host images of your tax returns and various reports on a secure website.? Download our eBook - [link]. Have a plan in place to get copies of this documentation. Looking for more information?

South Dakota 235

South Dakota Sales Tax tax return 235

CPA Practice

JULY 5, 2024

The Internal Revenue Service is providing a tax relief extension for individuals and businesses in Oklahoma that were affected by severe storms, straight-line winds, tornadoes, and flooding that began on May 19, 2024. 1, 2024, to file various federal individual and business tax returns and make tax payments.

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TaxConnex

APRIL 14, 2022

In most states, the distinction is moot; however, some states apply different rates to these various tax types so it’s important to get this right. Similarly, some states will have different tax returns that you must file for these different tax types. Looking to understand more aspects of sales tax? Get in touch?

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Sales Tax tax return Start-ups 161

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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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

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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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%).

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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

Ronika Khanna CPA,CA

DECEMBER 28, 2023

As we approach the new year, it will be time soon to start working on everyone’s favourite activity i.e. getting your tax stuff in order :). Download our free Canada unincorporated business tax deadline calendar for 2024 (both Federal and Quebec). If tax returns are not filed by June 17th, penalties will apply.

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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. 

Sales 130

Sales Tax audit accounting and finance 130

Dent Moses

JANUARY 24, 2023

Many of you have successfully SafeSend returns e-sign feature as part of our tax return delivery process; however, we would like to take this opportunity to provide additional information and provide some extra incentive to give the program a try if you haven’t yet had the opportunity. Access to your tax return for seven years.

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CPA Practice

NOVEMBER 9, 2023

Featured Improvements to Intuit Accountant’s product suite for 2023 include: Updates to ProConnect Tax IRS transcripts direct access – Pull client’s data, straight from the IRS into ProConnect Tax, with the IRS transcripts feature to complete fast, accurate returns with less client back and forth.

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TaxConnex

DECEMBER 10, 2020

The company has paid nearly $69,000 in restitution for sales tax it collected and failed to pay to state coffers between June 2011 and December 2015. The case was referred to investigators after an auditor found that the business hadn’t filed quarterly sales tax returns or remitted sales tax collected for that period.

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TaxConnex

SEPTEMBER 2, 2021

Documentation typically required by an auditor can include invoices, exemption certificates , summary reports, tax returns, and more. If you’re looking for help in managing an audit or just want to ensure you’re managing your sales tax obligations correctly – reach out. With TaxConnex, sales tax is all on us.

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audit Sales auditor Tax 169

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.

Sales 162

Sales Tax tax return Retail 162

Ronika Khanna CPA,CA

MAY 5, 2024

When using accounting software such as Quickbooks Online , the majority of transactions relate to invoicing customers, supplier bills and categorizing expenses that have been downloaded, are relatively straightforward. However, there are transactions that require somewhat special treatment and are usually entered via a journal entry.

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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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Ronika Khanna CPA,CA

OCTOBER 13, 2023

Digital Download Available at Amazon What is CPP/QPP? If you are using tax software to complete your personal tax return, it will be automatically calculated and included in the balance owing on the tax return. Looking to better understand your small business/self employed taxes?

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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.”

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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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