CPA Practice

FEBRUARY 11, 2023

This means that people in the following states do not need to report these state payments on their 2022 tax return: California, Colorado, Connecticut, Delaware, Florida, Hawaii, Idaho, Illinois, Indiana, Maine, New Jersey, New Mexico, New York, Oregon, Pennsylvania and Rhode Island.

Rhode Island 131

Rhode Island South Carolina income tax Idaho 131

CPA Practice

OCTOBER 2, 2023

Taxpayers affected by recent natural disasters including those impacted by the recent Maui fires and hurricane Idalia in parts of Florida, South Carolina and Georgia. Those in the counties of Maui, Hawaii, and many counties in Florida, South Carolina and Georgia have until Feb. This list continues to be updated regularly.

South Carolina 124

South Carolina Tax Georgia income tax 124

CPA Practice

OCTOBER 1, 2024

The IRS on Tuesday announced disaster tax relief for all individuals and businesses affected by Hurricane Helene, including the entire states of Alabama, Georgia, North Carolina, and South Carolina, as well as parts of Florida, Tennessee, and Virginia. 24 in Georgia; Sept. 22, 2024, in Alabama; Sept. 23 in Florida; Sept.

South Carolina 129

South Carolina North Carolina Tax Alabama 129

CPA Practice

OCTOBER 16, 2023

Taxpayers affected by recent natural disasters including those impacted by the recent Maui fires and hurricane Idalia in parts of Florida, South Carolina and Georgia. Those in the counties of Maui, Hawaii, and many counties in Florida, South Carolina and Georgia have until Feb. This list continues to be updated regularly.

South Carolina 110

South Carolina Georgia income tax Vermont 110

CPA Practice

DECEMBER 22, 2023

A Georgia man was sentenced on December 19 to two years in prison for evading his personal federal income taxes. According to court documents and statements made in court, from 1999 to 2021, Samir Patel, of Statesboro, was a tax return preparer at a national return preparation business. Attorney Jill E.

Georgia 52

Georgia tax preparation Tax income tax 52

CPA Practice

FEBRUARY 28, 2023

Disaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct. 16 to file various federal individual and business tax returns and make tax payments, the IRS said on Feb. 16 various tax filing and payment deadlines, including those for most calendar-year 2022 individual and business returns.

Tax 128

Tax Alabama Georgia tax return 128

CPA Practice

JUNE 29, 2023

Taylor, Kiplinger Consumer News Service (TNS) The IRS, after confusing millions of California taxpayers with tax balance-due notices in May and June, will send follow-up letters to people in states that received extra time to file their federal income tax returns due to severe weather events. 16, 2023 to file.

income tax 110

income tax Mississippi tax return Arkansas 110

TaxConnex

FEBRUARY 23, 2023

These were followed in the 1940s by Florida, Tennessee, Maryland, Connecticut, Rhode Island and the District of Columbia; and in the 1950s by Maine, Pennsylvania, South Carolina, Georgia and Nevada. All other states (except the five that still don’t have a sales tax) followed in the 1960s, capped by Vermont in 1969.

West Virginia 130

West Virginia Sales Rhode Island Tax 130

Withum

OCTOBER 3, 2024

The IRS issued a news release providing tax relief for taxpayers affected by Hurricane Helene. This includes the entire states of Alabama, Georgia, North Carolina, and South Carolina, 41 counties in Florida, eight counties in Tennessee, and six counties and one city in Virginia.

South Carolina 130

South Carolina North Carolina tax preparation income tax 130

TaxConnex

AUGUST 15, 2023

California has the highest statewide sales tax rate, at 7.25%. The lowest non-zero state-level sales tax is in Colorado, which has a rate of 2.9%. Five states follow with 4% rates: Alabama, Georgia, Hawaii, New York and Wyoming. South Dakota cut its state sales tax rate from 4.5%

Sales 130

Sales Tax Alabama Texas 130

CPA Practice

APRIL 3, 2024

Unlike tax rates, which vary widely based on an individual’s circumstances, tax burden measures the proportion of total personal income that residents pay toward state and local taxes, according to WalletHub. Maine has the highest property tax burden, while Alabama has the lowest. 1 being the highest and No.

Rhode Island 110

Rhode Island Alaska New Hampshire Tax 110

CPA Practice

APRIL 9, 2024

Unlike tax rates, which vary widely based on an individual’s circumstances, tax burden measures the proportion of total personal income that residents pay toward state and local taxes, according to WalletHub. Maine has the highest property tax burden, while Alabama has the lowest. 1 being the highest and No.

Rhode Island 105

Rhode Island Alaska New Hampshire Tax 105

CPA Practice

FEBRUARY 3, 2023

(TNS) A Columbus, GA-based tax preparer has pleaded guilty in federal court to charges that she submitted false claims for tax credits for her clients and also failed to pay her own personal taxes. Nadine Word pleaded guilty to preparing and submitting false tax returns and failing to file her personal tax returns,” James E.

tax preparation 52

tax preparation Georgia Tax tax return 52

CPA Practice

APRIL 12, 2023

By missing out on filing a tax return, people stand to lose more than just their refund of taxes withheld or paid during 2019. Many low- and moderate-income workers may be eligible for the Earned Income Tax Credit (EITC). The EITC helps individuals and families whose incomes are below certain thresholds in 2019.

Rhode Island 121

Rhode Island tax return Tax West Virginia 121

CPA Practice

JULY 24, 2023

million in taxes. According to court documents, Lohrasb “Jeff” Jafari, 72, of Alpharetta, Georgia, was the executive vice president of PRAD Group, an architectural, design, and construction management firm headquartered in Atlanta that performed services for the City of Atlanta and DeKalb County. Polite, Jr. Attorney Ryan K.

Georgia 97

Georgia Tax income tax tax return 97

TaxConnex

SEPTEMBER 22, 2022

Georgia has updated its sales and use tax exemption for admissions to some fine arts performances and exhibitions through Dec. Indiana has updated a sales tax information bulletin to reflect changes to the treatment of sales by nonprofits according to legislation enacted in March. In Texas , in Coppell v. Hegar and Round Rock v.

Sales 130

Sales Tax Indiana Colorado 130

CPA Practice

FEBRUARY 27, 2023

Disaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct. 16 to file various federal individual and business tax returns and make tax payments, the IRS said on Feb. 16 various tax filing and payment deadlines, including those for most calendar-year 2022 individual and business returns.

Tax 91

Tax Alabama Georgia tax return 91

CPA Practice

SEPTEMBER 28, 2023

The convictions stem from Fisher and Sinnott’s fraudulent tax shelter scheme involving syndicated conservation easements dating back nearly two decades. District Court Chief Judge Timothy Batten for the Northern District of Georgia remanded Fisher and Sinnott into custody pending their sentencing. Attorney Ryan K. Attorney Dena J.

North Carolina 107

North Carolina Georgia tax return Tax 107

CPA Practice

SEPTEMBER 9, 2024

Their withholding and tax credits to be less than the smaller of: 90% of the tax to be shown on their 2024 tax return, or 100% of the tax shown on their complete 12-month 2023 tax return. To figure 2024’s estimated tax, the IRS recommends using income, deductions, and credits from 2023 as a starting point.

West Virginia 92

West Virginia South Dakota South Carolina Tax 92

CPA Practice

APRIL 24, 2023

The LLC owners (called members) also report business profits and losses on their individual income taxes. For filing season 2022, the Treasury Department and the IRS updated the 1065 partnership form to simplify the computation of deductions and credits and how partners compute their federal income tax liability.

Legal 98

Legal income tax tax return Mississippi 98

ThomsonReuters

JULY 10, 2023

At the state level, it is not uncommon to have more than one sales tax rate. Items deemed necessities like groceries may have a lower tax rate (or even be exempt) in an effort to provide some low-income tax relief. As noted above, many states also have local sales taxes. The seller does not charge sales tax.

Sales 97

Sales Tax Arizona Georgia 97

TaxConnex

OCTOBER 8, 2024

District of Columbia Office of Tax and Revenue: Initial results include overview, taxability , business- and food-oriented information and more. Georgia Department of Revenue: Rates, registration, overview and more. Texas Comptroller: “Refunds” come up first, along with a primer for the state’s local governments.

Sales 113

Sales Tax Rhode Island West Virginia 113

Withum

FEBRUARY 14, 2024

In addition, California has some of the highest taxes in the country and if goods will be shipped to customers outside of California, locating the warehouse there can result in higher income taxes than other states. It also has a variety of locally imposed tax that can increase costs depending on where the warehouse is located.

E-commerce 59

E-commerce Real Estate Nevada New Jersey 59

ThomsonReuters

APRIL 25, 2024

As an accountant, understanding state tax considerations for various sources of retirement income — including pensions, Social Security benefits, 401(k) and IRA distributions, Thrift Savings Plans (TSPs), and military retirement income — is crucial in helping your clients minimize their tax liability and make the most of their golden years.

South Dakota 52

South Dakota Rhode Island New Hampshire Wyoming 52

CPA Practice

AUGUST 17, 2023

Florida doesn’t tax retirement income Perhaps the biggest reason people choose to retire in Florida is the state’s tax treatment of retirement income. There are plenty of states that don’t tax Social Security benefits, but there aren’t too many states with no income tax at all.

Florida 98

Florida Tax Georgia Sales 98

CPA Practice

JANUARY 11, 2024

Over 13 years, Tim has steadily climbed the ranks within the firm, showcasing his skills in the tax practice and becoming a pivotal figure in coordinating federal and state income tax consulting and compliance services for partnerships, S corporations, and individuals.

Delaware 58

Delaware Georgia CPA bookkeeping 58

ThomsonReuters

DECEMBER 7, 2022

As we know, governments collect taxes to fuel economic growth and fund investments in infrastructure, human capital, as well as the provision of services for individuals and businesses. This also extends to the income an individual receives after their death, which is subject to income tax. What is fiduciary tax?

Tax 59

Tax North Carolina income tax tax return 59

Cherry Bekaert

AUGUST 21, 2024

This growth led to a significant increase in revenue and a nine-figure taxable income, as well as a need for enhanced tax services. The Georgia-based Company partnered with Cherry Bekaert for annual financial statement audit and tax compliance services.

B2C 52

B2C Tax Georgia tax services 52

CPA Practice

NOVEMBER 2, 2023

Diana has 30 years’ experience in bookkeeping, tax, government auditing and fraud investigations. She has authored and delivered education/certification courses on QuickBooks® and Intuit ProConnect ProSeries® for Intuit, the North Carolina Association of CPAs, the Georgia Society of CPAs, the U.S. Department of Labor.

Tax 114

Tax North Carolina Agriculture Manufacturing 114

CPA Practice

MAY 7, 2023

Diana has more than 30 years’ experience in bookkeeping, tax, government auditing, and fraud investigations. She has authored and delivered education/certification courses on QuickBooks and Intuit ProConnect ProSeries for Intuit, the North Carolina Association of CPAs, the Georgia Society of CPAs, the U.S. Department of Labor.

Real Estate 109

Real Estate Tax North Carolina cpas 109

Menzies

JULY 26, 2022

If you want to be self-employed (also referred to as a ‘sole trader’) you need to notify HMRC by 5 October following the end of the tax year in which you started your new business. You’ll then need to file self-assessment tax returns and pay any income tax, Class 2 and Class 4 National Insurance Contributions due by 31 st January annually.

Tax 52

Tax Georgia income tax tax return 52

CPA Practice

OCTOBER 23, 2024

Email (Required) Number of Employees at Your Firm (Required) Number of Employees at Your Firm Sole Proprietor 2 To 4 5 To 9 10 To 19 20 To 49 50 Or More Full Name (Required) State / Province (Required) State / Province Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas (..)

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

CPA Practice

AUGUST 26, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million How many clients does your firm serve? million – $4,999,999 $5 million – $10,000,000 Over $10 million How many clients does your firm serve?

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

Cherry Bekaert

APRIL 10, 2023

Contributor: Nick Cousino, CPA, Senior Manager, State Tax Credits & Incentives Advisory Understanding the Credit Transfer Provisions To remain competitive against other states and a favorable state for businesses to operate in, Georgia has offered a Manufacturing Investment Tax Credit.

Manufacturing 40

Manufacturing Georgia Tax payroll 40

Anders CPA

MAY 15, 2023

Below we dive into the state and unemployment tax responsibilities employers need to know. It’s important to remember an out-of-state employee will be considered an employee in the state in which they work , not the state in which the business is based or in which the employee lives.

payroll tax 52

payroll tax payroll South Dakota Rhode Island 52

CPA Practice

SEPTEMBER 20, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million What is the biggest document challenge your firm faces? million – $4,999,999 $5 million – $10,000,000 Over $10 million What is the biggest document challenge your firm faces?

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

CPA Practice

SEPTEMBER 3, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million Which practice management system do you use? million – $4,999,999 $5 million – $10,000,000 Over $10 million Which practice management system do you use?

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52