Withum

FEBRUARY 27, 2023

Affected individuals and businesses will have until October 16, 2023, to file returns and pay any taxes, including 2022 individual income tax returns due on April 18 and various 2022 business returns normally due on March 15 and April 18, 2023. What Items Are Now Extended Until October 16, 2023?

California 119

California tax return Nevada payroll 119

ThomsonReuters

JUNE 14, 2021

The Iowa legislature passed a significant tax bill modifying the state’s income tax laws. The bill would reduce the number of tax brackets to four (currently, there are nine tax brackets) with new rates, effective beginning in 2023. Employer blood donation credit enacted.

payroll 98

payroll Missouri Virginia Delaware 98

Snyder

FEBRUARY 12, 2023

Payroll taxes can be daunting for employers to calculate and pay. With the numerous tax laws, regulations and compliance requirements, employers are required to be up-to-date on the latest regulations to ensure they’re making accurate and timely payroll tax payments. It is not intended to provide any tax advice.

payroll tax 52

payroll tax payroll Tax income tax 52

MyIRSRelief

AUGUST 2, 2024

Recordkeeping Good recordkeeping is essential for tax compliance. Cannabis businesses should maintain detailed records of all transactions, including sales, purchases, payroll, and other expenses. Estimated Tax Payments Cannabis businesses, like other small businesses, are required to make quarterly estimated tax payments.

audit 130

audit Tax Nevada Colorado 130

Anders CPA

MAY 15, 2023

This changing employment landscape requires employers to reassess their payroll tax withholding processes to ensure you are withholding the proper amount of state, local and unemployment taxes from your employees’ wages. Below we dive into the state and unemployment tax responsibilities employers need to know.

payroll tax 52

payroll tax payroll South Dakota Rhode Island 52

ThomsonReuters

JUNE 22, 2021

As COVID-19 vaccinations continue to rise and a sense of normalcy slowly returns, we can hopefully put tumultuous payroll changes behind us. State by State Payroll Tax Changes. Beginning July 1, new forms will be used to report withholding tax. Effective July 1, 2021, the Minneapolis minimum wage increases to $14.25

payroll 72

payroll Virginia Utah West Virginia 72

inDinero Tax Tips

APRIL 20, 2021

From startups to public enterprises, your bottom line is affected by your state of incorporation’s corporate income tax, excise (sales and use) tax, sales tax , physical and economic nexus tax, franchise tax, and gross income tax. Incorporating in Nevada has certain advantages over Delaware.

Delaware 58

Delaware Wyoming Nevada Oregon 58

CPA Practice

OCTOBER 18, 2023

Some key factors to evaluate include: Tax rates Tax rates vary widely across states. Some states have higher corporate income tax rates, while others offer lower rates or no tax at all. Property tax rates can vary significantly, impacting the cost of owning or leasing business space.

business tax 59

business tax Tax Alaska South Dakota 59

CPA Practice

AUGUST 26, 2024

Download the guide to ensure your next payroll software platform is the right one. Download the e-book today and take the first step toward positioning your firm for success with the power of collaboration. Sign in or subscribe to get access to this free resource, and all of our whitepapers.

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

CPA Practice

SEPTEMBER 20, 2024

Download the guide to ensure your next payroll software platform is the right one. IRIS works with thousands of CPA firms in North America, including 52 of the top 100 CPA firms in the US, and provides innovative solutions to serve accountancy customers in the North American market, making IRIS the go-to partner for CPAs.

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 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

JULY 19, 2024

Download the guide to ensure your next payroll software platform is the right one. IRIS has over 100,000 UK and international customers, with 80% having a tenure of five or more years. Sign in or subscribe to get access to this free resource, and all of our whitepapers.

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

xendoo

JANUARY 16, 2023

How Are Small Businesses Taxed? Depending on your business structure and income, you may be subject to one or more types of taxes. The term refers to when the IRS taxes the same income twice—once at the corporation level and again on an individual shareholder’s personal income tax.

business tax 52

business tax Tax income tax payroll tax 52

ThomsonReuters

FEBRUARY 6, 2024

The differences between direct tax and indirect tax are important to understand. Direct tax is paid directly by the taxpayer to the government and cannot be shifted, like federal income tax. In contrast, indirect tax, such as business property taxes, can be passed on or shifted to others.

Tax 52

Tax income tax Oregon Ohio 52

CTP

JULY 1, 2024

Determine the domicile From a tax perspective, where does it make sense for this entity type to be geographically based? Deciding on a domicile requires more thought than simply choosing a state with no income tax, such as Delaware, Nevada, or Texas. Domicile” is the official term for the principal place of business.

Tax 52

Tax Delaware Nevada tax planning 52

ThomsonReuters

JUNE 28, 2021

Although it is possible to automate payroll systems to account for these minimum wage increases, it is a good idea for payroll professionals to be aware of these changes to avoid the possibility of underpaying employees. Nevada: $9.75 Now let’s go over some federal and state payroll stories from the past week.

payroll 52

payroll California income tax North Dakota 52

TaxConnex

MARCH 30, 2023

The embattled bill, now in committee, was introduced early this year to replace the federal income tax. What’s at stake for the revenue of states that already have their own sales tax? The provisions This bill imposes a national sales tax on the use or consumption in the U.S. What’s in the bill? The big view?

Sales 147

Sales Tax income tax Louisiana 147

CPA Practice

NOVEMBER 4, 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 59

Rhode Island West Virginia South Dakota North Dakota 59

CPA Practice

OCTOBER 30, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million What software or tools are you using to manage your engagements, or how does your team currently manage client engagements and reporting processes?

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

ThomsonReuters

FEBRUARY 6, 2025

States with the most competitive UI tax systems, such as Delaware, Arizona, Nebraska, Kansas, and Missouri, typically have lower tax rates, wage bases closer to the federal level, and simpler experience formulas.

Rhode Island 52

Rhode Island Tax New Jersey Nebraska 52

Going Concern

AUGUST 23, 2024

No tax on tips fires up Nevada hospitality workers: ‘I want that!’ [ The Guardian ] Kristine serves gamblers playing countertop video poker screens at the center bar of Las Vegas’s Ellis Island casino. of Wilmington pled guilty today to not paying more than $2 million in employment taxes and not filing employment tax returns.

audit 105

audit CPA auditor North Carolina 105

CPA Practice

SEPTEMBER 3, 2024

Both in particular have their eye on Nevada, one of half a dozen battleground states that could tip the election outcome, with its high concentration of service workers. While the political logic behind the plans is compelling, the plan to end taxes on tips is panned by tax experts. Their tips would also be exempt.

Nevada 111

Nevada Tax payroll tax income tax 111

CPA Practice

JUNE 14, 2024

Trump first floated the idea earlier this month in Nevada, a battleground state heavily reliant on the service industry. who is leading committee Republicans’ “Working Families” tax team charged with reviewing expiring individual tax provisions. “I’m always for workers getting a fair shake. Kevin Cramer, R-N.D.,

Nevada 95

Nevada Tax Texas income tax 95

CPA Practice

AUGUST 20, 2024

Many tipped workers earn so little they already aren’t required to pay federal income taxes; Yale Budget Lab estimates this is the case for about 37% of tipped workers. That also means they must continue to report tips, even if federal taxes on tips are eliminated; also, the proposals would not affect state income tax requirements.

Tax 59

Tax income tax payroll tax payroll 59

CPA Practice

AUGUST 13, 2024

The proposal, which was absent from the 2024 GOP platform released earlier this month, arrives on the heels of Trump’s promise to exempt tip income from taxes as well. Trump first floated his tip tax idea in Nevada, home to a large number of service industry workers and a key swing state in November. Republican Reps.

North Carolina 98

North Carolina Tax payroll tax Florida 98

CPA Practice

AUGUST 14, 2024

In an interview with CBS News over the weekend, Republican vice presidential nominee JD Vance tried to outflank Democrats by floating a $5,000-per-child tax credit—$3,000 more than the size of the current credit and even larger than President Joe Biden has proposed. Those employees have historically relied on tips.

Nevada 52

Nevada Tax Arizona payroll tax 52