income tax, North Carolina and tax services

North Carolina Extends PTET Election Due Date and Clarifies Franchise Tax Base Cap Computation

Cherry Bekaert

MAY 28, 2024

Contributors: Tony Konkol, Manager, State & Local Tax North Carolina Senate Bill No. 508 (Session Law 2024-1) was signed into law on May 15, 2024 and provides an extended July 1, 2024 due date for partnerships to make a tax year 2022 pass-through entity tax (PTET) election. House Bill No.

North Carolina

North Carolina Tax income tax tax return

IRS Extends Tax Deadlines for Hurricane Debby Victims in the Southeast

Withum

AUGUST 14, 2024

On August 9, 2024, the IRS announced relief from certain tax filing and payment deadlines for individuals and businesses in all of South Carolina, most of Florida and North Carolina, and part of Georgia that were affected by Hurricane Debby.

South Carolina

South Carolina North Carolina Georgia Florida

Justice Department Continues Efforts to Stop Fraudulent Tax Preparers

CPA Practice

APRIL 7, 2023

In December 2022, Eunice Salley, a Chicago tax preparer, was sentenced to seven years in prison for filing false income tax returns on behalf of her tax preparation clients seeking more than $1 million in fraudulent refunds. Examples of civil injunctions obtained by the Tax Division over the last year include: On Jan.

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IRS Provides Relief to Taxpayers Impacted by Hurricane Helene

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

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Mastering U.S. Federal Payroll Compliance

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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Eliminate Manual Work and Accelerate Accounts Receivable

CPA Practice

OCTOBER 23, 2024

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The Collaborative Accountant

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?

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The Hidden Gem to Firm Growth and Smoother Operations

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

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How to Become a Financial Hero to Your SMB Clients

CPA Practice

SEPTEMBER 3, 2024

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Rhode Island

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The new comprehensive document management solution from IRIS

CPA Practice

JULY 19, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million Do you have a document management system? million – $4,999,999 $5 million – $10,000,000 Over $10 million Do you have a document management system?

Rhode Island

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Business Tax Rates: How Much Do Small Businesses Pay in Taxes?

xendoo

JANUARY 16, 2023

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. The IRS taxes corporations as separate legal entities, which opens them up to double taxation. The IRS then taxes them at the corporate income tax rate.

business tax

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What’s new in sales tax?

TaxConnex

APRIL 18, 2023

WalletHub has a new survey of states’ tax burdens. WalletHub compared the 50 states across the three tax types of state tax burdens — property taxes, individual income taxes and sales and excise taxes — as a share of total personal income in each state. Heaviest and lightest.

Sales

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Are Flat State Income Taxes the New Normal?

Withum

FEBRUARY 26, 2025

An analysis of the state individual income tax rate trends shows more states moving away from graduated tax rates to flat rate. Currently, 29 states have graduated individual tax rates, and 9 states have no individual income tax. The remaining 12 states have adopted a flat individual tax rate.

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Checklist: Ensure your firm’s success this upcoming tax season

CPA Practice

NOVEMBER 4, 2024

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Rhode Island

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Transforming Your Firm: The Impact of Smarter Engagements

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?

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Accountant Advocate

North Carolina Extends PTET Election Due Date and Clarifies Franchise Tax Base Cap Computation

IRS Extends Tax Deadlines for Hurricane Debby Victims in the Southeast

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Trending Sources

Justice Department Continues Efforts to Stop Fraudulent Tax Preparers

Webinars

IRS Provides Relief to Taxpayers Impacted by Hurricane Helene

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The new comprehensive document management solution from IRIS

Business Tax Rates: How Much Do Small Businesses Pay in Taxes?

What’s new in sales tax?

Are Flat State Income Taxes the New Normal?

Checklist: Ensure your firm’s success this upcoming tax season

Transforming Your Firm: The Impact of Smarter Engagements

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