TaxConnex

SEPTEMBER 26, 2023

Usually all retail sales of tangible personal property (TPP) are taxable, but many states have started to tax services. Who the customer is and what they’ll use the TPP for can create a sales tax exclusion, too, such as when selling to a church or government agency.

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Menzies

SEPTEMBER 20, 2024

With a recent change in Government promising to fill the tax gap, the Prime Minister has warned the budget will be “painful”. So, what might the new Labour Government announce as part of the “painful” budget, and will it strike the right balance between remaining optimistic while attempting to resolve the current economic position?

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TaxConnex

JANUARY 28, 2021

There’s always something changing or new going on in the world of tax, especially sales tax. Nationwide , the Streamlined Sales Tax Governing Board has made amendments to the Streamlined Sales and Use Tax (SST) Agreement to revise its amnesty-related provisions.

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Going Concern

JANUARY 3, 2025

The new platform of roughly 12,000 professionals will include a united Trans-Atlantic advisory and tax practice, as well as independent audit practices. But in recent months, local governments have been waiting longer and paying more for required financial statements. Audit firms face a unique set of challenges.

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Withum

MARCH 30, 2024

Withum is excited to announce that on March 31, 2024, BBD LLP (BBD); a public accounting, tax and advisory firm dedicated to serving nonprofit and government organizations headquartered in Philadelphia, will join its practice with Withum. The post BBD Joins Its Practice With Withum appeared first on Withum.

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CPA Practice

APRIL 27, 2023

In many cases, project grants are provided by governments (federal, state and/or local) and awarded based on merit. Julio Gonzalez is truly the nation’s forefather of specialty tax services. These tax services are critical to creating, preserving, and maintaining U.S.-based based jobs.

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CPA Practice

APRIL 7, 2023

Examples of civil injunctions obtained by the Tax Division over the last year include: On Jan. The government alleged that Zio prepared tax returns claiming fabricated business income and expenses, as well as various false tax deductions. from operating as tax return preparers.

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Withum

FEBRUARY 21, 2022

government the authority to revoke U.S. passports or reject passport applications for individuals who have delinquent tax debts in excess of $52,000, provided such debts have been certified by the Internal Revenue Service. International Services. The post Owe Taxes? The law gives the U.S. Contact Us. Contact Us.

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Withum

DECEMBER 24, 2024

Garland issued an order granted the governments motion for a temporary stay of the district courts order imposing a nationwide injunction on beneficial ownership information (BOI) reporting, pending a final resolution of the appeal. On December 23, 2024, the Fifth Circuit Court of Appeals in Texas Top Cop Shop v.

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LyfeAccounting

JANUARY 7, 2021

?. Government spending represents over ? Who is profiting from government spending? Government contractors. That’s a lot of money going into the hands of businesses that are set-up to get government contracts. That’s a lot of money going into the hands of businesses that are set-up to get government contracts.

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Withum

MARCH 15, 2022

To stave off an impending government shutdown, federal lawmakers passed a $1.5 billion for taxpayer services, including the Office of Taxpayer Advocate, and increased hiring; $5.4 Business Tax Services. trillion funding bill that includes a $12.6 billion budget for the IRS. billion for enforcement; $4.1 Contact Us.

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TaxConnex

JUNE 9, 2022

Exclusions include sales of the services in fulfillment of a lump-sum, fixed-fee contract, or a fixed-price sales contract executed on or before Feb. For gross receipts from the sale of newly taxed services prior to Jan. 1, 2023, if the gross receipts were less than $6,000 during calendar year 2021, the services are exempt.

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TaxConnex

DECEMBER 15, 2022

My career has predominantly been in the selling field and over the last 20+ years selling sales tax services. I started my career developing and implementing sales training programs (not sales tax training) and after a few years shifted into direct sales. Initially I sold various software and technology solutions.

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Withum

JUNE 27, 2022

These various versions can cause problems when trying to manage these models and maintain governance on multiple models that are essentially the same in the back end with different reports attached to the front end. Digital and Technology Transformation Services. Contact Us. Contact Us.

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TaxConnex

MAY 2, 2023

Four years ago, local jurisdictions there formed the Alaska Remote Seller Sales Tax Commission to streamline sales tax collection and remittance. As of last summer, 43 municipalities had joined the Commission, representing 85% of all Alaskans who live in a tax jurisdiction.

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Withum

MAY 16, 2022

Federal laws governing cybersecurity are constantly evolving; this is no different for law firms. Historically, these leaders are more fluent in modeling technology architecture, not managing governance. Cyber and Information Security Services. The result has been a confused understanding of who “owns” cybersecurity. Contact Us.

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Withum

FEBRUARY 27, 2023

Individuals who live and businesses (including tax-exempt organizations) whose principal place of business is located in the covered disaster area are deemed affected taxpayers.Taxpayers not in the covered disaster area but whose records necessary to meet are in the covered disaster area are also entitled to relief.

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Withum

DECEMBER 6, 2024

The government is expected to appeal the ruling; however, for the time being, reporting companies need not comply with the CTA or BOI reporting until a further order is issued by the Texas Top Cop Shop court or an appellate court. million existing reporting entities.

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Going Concern

JULY 6, 2023

When PwC Australia CEO Tom Seymour stepped down in May after it was confirmed he’d received tainted emails containing confidential government tax intel leaked by former partner Peter Collins, it seems the firm hoped sacrificing him was enough to settle the matter and move on. Spoiler: it was not. For posterity, natch.

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PYMNTS

MAY 6, 2020

Online betters are unlikely to be satisfied waiting the five days it takes for an ACH settlement or even through paper check sent through the mail, a problem United States government entities are also dealing with as they attempt to send out anticipated stimulus checks to citizens. Around The Disbursements Worl d.

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Cherry Bekaert

SEPTEMBER 22, 2023

Local governments sought investment dollars and enhanced capital stacks by utilizing public-private ventures and incentives, along with and property contributions. OZ project success motivates local governments, so fund managers seek additional incentives from them. According to IRS and Treasury Department data, 50% of all U.S.

Real Estate 111

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Withum

SEPTEMBER 22, 2022

The IRS examined the rules governing the PPP and noted that in order to receive loan forgiveness, a taxpayer had to be an eligible recipient and the PPP loan proceeds had to be spent on eligible expenses within the covered period. For more information on this topic, please contact a member of Withum’s Business Tax Services Team.

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Withum

JANUARY 13, 2022

The COVID-19 pandemic created a vast network of small business relief programs in the form of loans, grants, tax credits and direct payments. Now that these programs are expiring it is time to report all these funds on taxpayer’s 2021 business tax returns. Business Tax Services. Q2: Are EIDL Advances taxable? Contact Us.

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Going Concern

APRIL 5, 2024

He’s looking at 55 counts of aiding and assisting in the preparation of false tax returns, five counts of mail fraud, one count of aggravated identity theft and two counts of tax evasion. LEON’S TAX SERVICE on Google street view. He was arrested last July at which time U.S. Attorney Philip R.

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Withum

JULY 25, 2022

Our dedicated team of Withum COVID relief experts has helped hundreds of organizations determine eligibility for a variety of COVID-related government relief programs. Business Tax Services. For more information on this topic, please contact a member of Withum’s Business Tax Services team. Contact Us.

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Withum

NOVEMBER 29, 2023

FinCEN will store the information in a secure, non-public database and it will be made available only to certain government agencies and foreign officials that submit a request to FinCEN related to national security, intelligence, or law enforcement. Will the reported beneficial ownership information become public? See FAQ #A.3.

Legal 115

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Withum

OCTOBER 3, 2024

Individuals and households that reside or have a business in any one of these localities qualify for tax relief, including: Individuals whose principal residence is located in a covered disaster area and their spouse, if filing jointly. Don’t hesitate to reach out to Withum to help during this difficult time.

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Withum

FEBRUARY 21, 2024

BOI includes an individual’s full legal name, date of birth, street address, and an ID number from a non-expired US passport, state driver’s license, or other government-issued ID card. There is no fee to file the report, but there are third-party service providers that offer for a fee reporting through a software filing solution.

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Insightful Accountant

FEBRUARY 5, 2024

Changes to the AICPA Statements on Standards for Tax Services (SSTS) are potentially impacting CPAs. While these changes do not govern EAs and other tax preparers, CPAs who offer even a small amount of tax services should be paying attention.

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Withum

NOVEMBER 14, 2022

In a nutshell, late-filing relief is granted to taxpayers who act reasonably and in good faith, and granting relief will not prejudice the interests of the government. For more information on this topic, please contact a member of Withum’s Business Tax Services Team. Contact Us. Let’s Chat.

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Withum

MARCH 21, 2022

While the government would not give pass-through entity owners a direct tax rate decrease, they created a fictitious deduction of up to 20% related to pass-through business income provided certain conditions were met. Aren’t federal income taxes grand? Business Tax Services. Contact Us. Contact Us.

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Withum

JUNE 12, 2024

Fast forward to 2026 and assuming no legislative changes, their effective tax rate will be 39.6% (100,000 x 39.6%). Therefore, for every $1 of taxable income, they are currently paying the government approximately 30 cents. The previous example only demonstrates the impact of 199A expiring and the individual income tax rate increasing.

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Withum

MAY 23, 2022

Any order, proclamation, or decree from the Federal government or any State or local government can qualify as long as it limits commerce, travel, or group meetings due to COVID-19 and relates to the suspension of the supplier’s trade or business. Business Tax Services. Contact Us. Contact Us.

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Cherry Bekaert

MAY 22, 2024

Contributor: Michael Wallach, Senior Manager, Tax Services Established by the Tax Cuts and Jobs Act, the Opportunity Zone program has been a focal point for investors seeking tax incentives while simultaneously revitalizing economically distressed communities.

Tax 114

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Withum

SEPTEMBER 2, 2022

Applicable entities, including tax exempt entities, state or local governments, and Indian tribal governments can make a direct pay election for this credit to effectively treat the tax credits as taxes paid on a filed return. Contact Us. Let’s Chat. appeared first on Withum.

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Going Concern

OCTOBER 24, 2024

TAX AND ACCOUNTING CANDIDATES FTE Tax and Accounting | Candidate ID #22557459 Certifications: EA, Intuit Tax Academy Education: MBA Accounting, JD Experience (years): 6 years of overall experience Work experience (detail): Tax senior with a national tax service International tax experience National client tax practice Adept at tax research Client niches: (..)

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CPA Practice

OCTOBER 22, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million Consent Policy (Required) By downloading this content, you agree to our Terms and Conditions. million – $4,999,999 $5 million – $10,000,000 Over $10 million Consent Policy (Required) By downloading this content, you agree to our Terms and Conditions.

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