Shay CPA

DECEMBER 7, 2022

Specifically, you should look at: Payroll accounts, including withholding, Department of Labor, and state unemployment insurance accounts. Sales tax accounts. State franchise and income tax accounts. File away R&D tax credit and pandemic aid documentation. Workers’ compensation.

tax accountant 59

tax accountant Tax tax return Account 59

MyIRSRelief

SEPTEMBER 6, 2024

Understanding the Tax Landscape for Small Businesses and the Self-Employed Key Tax Obligations Small businesses and self-employed individuals have several tax obligations that they must fulfill. This involves filing annual tax returns and making estimated tax payments throughout the year.

Tax 130

Tax tax return bookkeeping tax preparation 130

Going Concern

AUGUST 29, 2024

ACCOUNTING CANDIDATES FTE Accounting | Candidate ID #22164759 Certifications: CPA in process Education: BA and MA Accounting Experience (years): 20 years business experience Work experience (detail): 6+ in public accounting Provides accounting services for multiple clients Payroll processing and tax filing Prepares Federal filings for SMBs, S-Corps (..)

Real Estate 105

Real Estate Account accountant accounted 105

Withum

DECEMBER 4, 2024

financing for the acquisition of motor vehicles, boats, or farm machinery for sale or lease and secured by such inventory). Expansion of small businesses that are able to use the cash (as opposed to accrual) method of tax accounting. Section 179 expensing, unlike bonus depreciation, can give rise to state income tax benefits.

Tax 105

Tax income tax Construction Non-Profits 105

MyIRSRelief

MAY 15, 2024

Understanding the Importance of Maintaining Tax-Exempt Status One of the primary concerns for any nonprofit is maintaining its tax-exempt status under IRC Section 501(c)(3). This status exempts nonprofits from federal income tax on their earnings related to their exempt purpose. Q: My nonprofit is tax-exempt.

Tax 130

Tax payroll tax payroll tax preparation 130

Going Concern

FEBRUARY 6, 2023

Someone is going to launch an AI that does better work than 99% of tax/accounting firms and Intuit is going to buy it for a trillion. Accounting is the most rules-based profession. The robots are finally coming for your job! Hurry up, technology, we’re counting on you.

auditor 19

auditor Account accountant accounted 19

xendoo

MAY 8, 2022

Revenue, also known as gross sales, is the total amount of money your business brings in through sales of products or services. . For example, you’d find your annual revenue by adding up the total sales for the year. It would only include the income derived from your business’s primary activities. What is Revenue?

bookkeeping 98

bookkeeping income tax Sales Tax 98

Shay CPA

MAY 1, 2024

If you start selling your product or service across state lines, you might need to register with that state and pay sales tax there, for example. Sometimes, both the state in which you operate and the state where the employee lives will require income tax withholding. In other words, you could face double taxation.

Tax 52

Tax income tax New Jersey Education 52

MyIRSRelief

OCTOBER 11, 2024

They will carefully review your income, expenses, and other relevant information to prepare accurate and timely returns. An Enrolled Agent can help you understand your tax obligations and ensure that you are compliant with all applicable laws.

tax services 130

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Withum

NOVEMBER 17, 2022

Most of the income tax proposals in the 2021 “Build Back Better” bill did not make it into the IRA. General Income Tax Planning. Postpone income until 2023 and accelerate deductions into 2022. If you do have a wash-sale, the loss will be deferred until the replacement investment is sold.

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xendoo

JANUARY 16, 2023

How Much Do Small Businesses Pay in Taxes by State? How Are Small Businesses Taxed? Depending on your business structure and income, you may be subject to one or more types of taxes. The IRS taxes corporations as separate legal entities, which opens them up to double taxation.

business tax 52

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xendoo

FEBRUARY 15, 2022

If your situation requires specialized knowledge about tax codes, fees are usually commensurate with qualifications. What Does a Tax Consultant Do? A tax consultant is trained in tax law and financial accounting. They also should know recent tax law changes on both a federal and state level. .

tax consultant 103

tax consultant Tax tax return accounting and finance 103

Withum

DECEMBER 4, 2024

Doing so may enable you to claim larger deductions, credits, and other tax breaks for 2024 that are phased out over varying levels of adjusted gross income (AGI). Doing so may enable you to claim larger deductions, credits, and other tax breaks for 2024 that are phased out over varying levels of adjusted gross income (AGI).

tax planning 52

tax planning Tax income tax tax return 52

CPA Practice

MAY 10, 2024

Ecroyd has split her career between in-house roles and public accounting at local and international firms. She has a wide range of SALT experience including income and franchise, sales and use, provisions, compliance, M&A and transactions work, and audits. Ecroyd is a licensed CPA in New York and Colorado.

Tennessee 64

Tennessee New York audit income tax 64

CPA Practice

JULY 27, 2023

Five alumni of Auburn University who teamed together to create the software development company SmartWiz have been awarded $150,000 in developmental funds by Google to advance and distribute their tax accounting software.

Tax 94

Tax tax preparation Alabama Technology 94

Withum

OCTOBER 11, 2023

The Internal Revenue Service (“IRS”) released Notice 2023-63 , on September 8, 2023, providing guidance surrounding the requirement to capitalize Section 174 research and experimental (“R&E”) expenditures for the 2022 taxable year.While many tax accountants and business professionals welcome the additional guidance, the timing was not ideal.

income tax 80

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Withum

JANUARY 8, 2024

Method of Accounting Many have been waiting for clarification surrounding the IRS administrative procedures that should be followed in order to adjust 2022 federal taxable income to follow the IRS interim guidance provided in Notice 2023-63 and, more recently, Notice 2024-12.

tax return 78

tax return audit Tax income tax 78

Shay CPA

OCTOBER 21, 2024

You need to: Be located in New York State Have annual product sales of $10 million or less Note that you don’t have to be incorporated in New York to get certified as a QETC. By certifying as a QETC, your business income tax rate is 0.04875 versus 0.0725, which is a considerable saving. in 2022.

New York 52

New York Technology income tax corporation tax 52

Randal DeHart

JANUARY 12, 2024

We know that construction businesses have unique tax considerations that can be tricky to navigate, such as complex accounting and bookkeeping challenges and issues related to payroll and sales taxes.

Construction 92

Construction Tax bookkeeping payroll 92

CPA Practice

NOVEMBER 29, 2023

There Are 2, No 3, Responsible Taxpayers in Every Sales Transaction The adoption of marketplace facilitator collection responsibilities has complicated sales tax reporting. Tangible personal property has been a cornerstone concept for both income taxation and sales taxation. 12:00 p.m.

New York 52

New York Tax Connecticut New Jersey 52

Shay CPA

SEPTEMBER 18, 2024

The audit notice you get tells you what tax authority is auditing you, and what kind of records they want to see and verify. Payroll: These types of audits also come from either state or federal tax authorities. Sales tax: Either state or local (e.g., municipal) tax authorities conduct these types of audits.

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audit auditor income tax payroll 52

Steve Feinberg

NOVEMBER 9, 2021

New Hampshire’s tax burden is low for business owners, and there is no general sales or personal income tax either, making it an attractive prospect for potential employees. LLC’s are NOT separate, taxable entities for Federal Income Taxes, but are completely separate for New Hampshire taxation.

New Hampshire 52

New Hampshire income tax bookkeeping Tax 52

Going Concern

NOVEMBER 16, 2023

Top Freelance Accounting Candidates of this week: PT/FT Tax Contractor | Candidate ID #F19022786 Years of tax experience: 6 years of tax experience Hours available per week: 20-40 Tech Stack: ProConnect, Pro-Series, UltraTax and Go and Pro System Prefer Individual or Business Clients: no preference Business Return Experience: most comfortable with (..)

Account 64

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xendoo

APRIL 8, 2022

A tax deduction and tax credit can both save you money on taxes, but they are different terms. . Tax deductions can lower the amount of taxable income. For example, tax brackets–a range of annual income–are used for income tax. Conventions and trade shows.

business tax 97

business tax Tax Education tax preparation 97

Shay CPA

JANUARY 3, 2024

But it can also come with a major tax burden if you’re not careful. Once you start operating internationally, your startup could be subject to the local tax laws of your foreign customers. That could mean a higher income tax rate or more value-added tax (VAT) than you expect. The startup happily makes the sale.

Tax 52

Tax income tax CPA Account 52

FraudFiles

NOVEMBER 5, 2020

Virtually all civil suits involve issues about money, and a certified public accountant is one of the best resources for sorting out the financial details. As a professional doing income taxes, financial statement audits, benefit plan consulting, or other advisory work, you possess valuable expertise that could help expand your practice.

audit 52

audit CPA income tax auditor 52

xendoo

FEBRUARY 13, 2023

If you’re wondering how to pay less in taxes, you’re not alone. Everyone—from individuals to business owners—wants to know how to lower their taxes. Tax laws are complicated and they can change each year. Our tax accountants know all the tax breaks for business owners and how to leverage them.

Tax 59

Tax income tax Non-Profits Legal 59

Withum

MAY 10, 2024

S corporations – Typically the retiring shareholder will sell his/her stock in the S corporation to an ESOP in exchange for a note from the ESOP, and the shareholder recognizes capital gain on the sale. Assuming the shareholder has a long-term holding period in the stock, the gain will be subject to a maximum tax rate of 20%, plus the 3.8%

Construction 52

Construction Non-Profits Tax Sales 52

Shay CPA

NOVEMBER 6, 2023

When you think about taxes, you probably directly associate the money that goes out to tax authorities with the money that’s come in. Take sales tax as an example. Income tax isn’t so different: the more you earn, the bigger your tax bill. The more you sell, the more you’re going to pay.

Tax 52

Tax New York Technology Manufacturing 52

ThomsonReuters

MARCH 22, 2021

To illustrate the point that there are a lot of taxes to keep up with, even back in Colonial times. For payroll, in particular, there are a number of taxes. Then, there’s how to pay and file these taxes. Using sales tax to fund unemployment trust fund. State and Local News.

payroll 52

payroll Tax Texas Arkansas 52

ThomsonReuters

FEBRUARY 6, 2024

Types of indirect tax There are several examples of indirect tax, which typically fall into one of three categories: Sales and services taxes Custom and excise duties Activity-based taxes Sales and services taxes In the sales and service tax category, indirect taxes may be seen on the final bill of sale or receipt.

Tax 52

Tax income tax Manufacturing Oklahoma 52

TaxConnex

OCTOBER 22, 2024

There’s always something changing in the world of sales tax. Alaska’s Remote Seller Sales Tax Commission confirms that the state will join the growing number of jurisdictions to repeal the transaction count requirement for determining economic nexus, effective next year. Here’s a review of some of the recent updates.

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Sales Tax Alaska Nebraska 147

TaxConnex

MARCH 2, 2021

There’s always something changing in the world of tax, especially sales tax. The Sunshine State previously bet a lot on tourism revenue making up for not taxing internet sales – but the pandemic has wrecked that industry. This affects returns for sales taking place from December through this month.

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Sales Tax Missouri Wisconsin 246

SkagitCountyTaxServices

DECEMBER 19, 2024

Raise your hand if you feel like youre living through a sales tax nightmare as were in the post-Black Friday and pre-Christmas window of chaos. Which only makes sense: You have to pay attention to a lot of details, all while handling an atypical volume of sales. While I cant see your raised hand, I can certainly feel it.)

Tax 53

Tax income tax Government tax return 53

Shay CPA

NOVEMBER 13, 2024

That Act capped the deduction of state and local taxes (SALT) at $10,000. With its expiration, that cap goes away, meaning you can take an unlimited deduction on property taxes and income taxes (or sales taxes, if you live in a state that doesn’t have income tax). Income tax rate changes.

Tax 52

Tax corporation tax income tax CPA 52