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Cannabis Tax & Accounting

MyIRSRelief

Along with the accounting issues, it is one of the most heavily regulated industries in the country. The last aspect is the taxes that have to be carefully monitors. The state and federal government each have their tax laws to consider and you have to be sure that you are dotting all your “I” and crossing all your “T”.

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IRS Highlights New Payment Options Within Business Tax Account Tool

CPA Practice

When fully developed, business tax account (BTA) will allow many types of business taxpayers to check their tax history, make payments, view notices, authorize powers of attorney, and conduct other business with the IRS. Within BTA, business taxpayers can now: View and make a payment toward a balance due by using a bank account.

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Sales Tax Accounting Basics [+ Journal Entry for Sales Tax Examples] 

Patriot Software

When you sell goods to customers, you likely collect and remit sales tax to the government. And when you purchase products, you typically pay sales tax. But, how do you record these tax collections and payments in your accounting books? Sales tax accounting.

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Sales Tax Updates: What’s new in sales tax for April?

TaxConnex

Elsewhere Louisiana’s Board of Tax Appeals has granted summary judgment for the taxpayer in DirecTV LLC v. Sales and use will be the inaugural tax to be serviced. City of Baton Rouge , a case involving the fine difference between tangible personal property and mere access to that property.

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Sales and Use Tax Updates from February

TaxConnex

Maryland has also extended time free of interest and penalties to file sales and use tax returns due between Jan. Minnesota wants comments on possible rules governing sales and use tax recordkeeping and consolidated return requirements. Texas sales tax collections totaled $3.07 local sales tax, if residents approve.

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How large tax and accounting firms can use AI

ThomsonReuters

Given the pace of change in the AI world, colleagues may have limited experience of deploying the power of dedicated professional AI tools for tax, accounting, and audit. Lack of skilled personnel: Barrier : One of the main barriers is the lack of personnel with the necessary confidence to understand and implement AI effectively.

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Payroll problem tax debt relief – get professional representation

MyIRSRelief

Every business that operates in the United States is responsible for reporting certain types of information to the government. One of the most important things that a business must report is certain tax information for employment payroll on a quarterly and annual basis. Get a free case evaluation 1-877-78-TAXES [1-877-788-2937].

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