CPA Practice

SEPTEMBER 25, 2023

The IRS on Monday announced that all individuals and business owners in Maine and Massachusetts now have until Feb. The IRS is offering tax relief to any area designated by the Federal Emergency Management Agency (FEMA) , and all 16 counties in Maine and all 14 counties in Massachusetts qualify.

Massachusetts 115

Massachusetts Maine Tax income tax 115

CPA Practice

OCTOBER 23, 2024

Small and midsized businesses are facing growing staffing challenges, as rising business costs and economic conditions are prompting potential layoffs, according to the Fall 2024 Main Street Index from top 15 accounting firm CBIZ. While the top tactics remain the same as the accounting firm’s Summer Main Street Index, there was a 4.1%

Healthcare 110

Healthcare Maine Washington Tax 110

TaxConnex

AUGUST 15, 2024

Foodies With sales taxes or fees coming and going on groceries in places like Kansas and South Dakota, incurred solely because of sugar or flour in Illinois and Indiana or levied on blueberries in Maine depending on where they’re picked, it’s little surprise that food can come with weird sales taxes state to state. unprepared) bagel.

Sales 264

Sales South Dakota South Carolina Tax 264

CPA Practice

OCTOBER 16, 2024

These industry trends and direct feedback from the Acumatica community were the main drivers for creating the Professional Services Edition, with customers, partners and developers voting it a must-have solution,” said Jeremy Larsen, vice president of product management at Acumatica.

Construction 110

Construction Expense Management Manufacturing Maine 110

RogerRossmeisl

SEPTEMBER 28, 2021

Here are the main tax benefits: Contributions made to an HSA are deductible, within limits, Earnings on the funds in the HSA aren’t taxed, Contributions your employer makes aren’t taxed to you, and Distributions from the HSA to cover qualified medical expenses aren’t taxed.

Account 244

Account accounted accountant Maine 244

RogerRossmeisl

AUGUST 23, 2021

Lex Fridman, presents here a quick video on the main innovations presented at Tesla AI day. The sole purpose of the even was a recruiting platform for Tesla’s AI team. This is Blog Post #1075) Lex Fridman is an AI researcher working on autonomous vehicles, human-robot interaction, and machine learning at MIT and beyond.

Maine 246

Maine CPA Technology 246

RogerRossmeisl

JULY 14, 2021

Multiple opportunities According to the Association of Certified Fraud Examiners, there are three main categories of cash fraud, which includes checks because they’re easily converted to cash: theft of cash on hand, theft of cash receipts, and fraudulent disbursements.

Maine 246

Maine CPA 246

RogerRossmeisl

JUNE 5, 2022

One of the main reasons for buying U.S. Many people own Series E and Series EE bonds that were bought many years ago. They may rarely look at them or think about them except on occasional trips to a file cabinet or safe deposit box.

Maine 244

Maine CPA Tax 244

TaxConnex

JANUARY 11, 2022

In Maine, shipment must also be directly to the purchaser and the shipment has to be by common or contract carrier or the U.S. In Maine, for instance, charges for delivery by the seller in their own vehicle are generally included in the taxable sales price if the products being delivered are taxable.

Sales 246

Sales Rhode Island South Dakota North Dakota 246

Patriot Software

MARCH 4, 2025

Accounting methods overview The two main accounting […] Read More If youre a small business owner, you may prefer the simplicity of cash basis as opposed to accrual or modified cash-basis accounting. But before solidifying your decision, learn the pros and cons of cash-basis accounting.

Account 85

Account accounted accountant Maine 85

TaxConnex

JULY 21, 2022

In other words, if you’re selling to a customer in Maine and you’ve established that you have economic or physical nexus in that state, you must collect and remit Maine sales tax from that customer. Destination and origin rules Sales tax is usually calculated by the destination. Most states and Washington, D.C.,

Sales 246

Sales Tax Pennsylvania Ohio 246

TaxConnex

APRIL 9, 2024

Vitamin and supplement labels can also have “drug facts” that would likely trigger tax as a prescription or nonprescription drug – though if prescribed by a physician vitamins and supplements are exempt from sales tax in Alabama, Indiana, Iowa, Maine, and possibly Hawaii.

Sales 264

Sales West Virginia Tax Virginia 264

TaxConnex

AUGUST 1, 2024

North Carolina joins South Dakota, California, Colorado, Iowa, Maine, North Dakota, Washington and Wisconsin in eliminating transaction-based nexus thresholds ; some states never adopted one.

North Carolina 264

North Carolina Sales South Dakota North Dakota 264

Going Concern

JANUARY 3, 2025

Wonder CPA Firm Announces Data Breach Affecting an Unknown Number of Clients [ JD Supra ] On December 12, 2024, Wonder CPA Firm PC (Wonder CPA) filed a notice of data breach with the Attorney General of Maine after discovering that an unauthorized party was able to access its computer network. SEC ruling should apply to the PCAOB.

auditor 98

auditor audit Rhode Island cpa firm 98

CPA Practice

NOVEMBER 25, 2024

There are four main goals of ConnectIN: 1. The program will focus on several key objectives, including boosting high school and college graduation rates, supporting professional certifications, and fostering leadership in Indiana’s business community.”

Indiana 103

Indiana Education accounting and finance cpas 103

Going Concern

NOVEMBER 7, 2024

While accounting firm owners are embracing price increases in 2025, the report shows that the majority (around 58%) cite rising business costs as the main motivator,” he said in a press release. According to Ignition Global President Greg Strickland, very few firms are raising fees just to raise revenue.

cost accounting 115

cost accounting accounting firms Account accounted 115

RogerRossmeisl

FEBRUARY 18, 2024

Taxpayers living in Maine or Massachusetts have until April 17, due to state holidays. Here are answers to seven tax season questions we receive at this time of year. (1) 1) What are this year’s deadlines? The filing deadline to submit 2023 returns or file an extension is Monday, April 15, 2024, for most taxpayers.

Tax 202

Tax Massachusetts income tax tax return 202

TaxConnex

SEPTEMBER 10, 2024

Why do the states with sales taxes have such a range, from the high combined state and local taxation (pushing 10%) of Louisiana, Tennessee, Arkansas and Washington to the lows of Alaska , Wyoming and Maine. Why do sales tax rates have to be so complex? Patchwork Forty-five states and the District of Columbia collect statewide sales tax.

Rhode Island 264

Rhode Island Sales Alaska New Hampshire 264

TaxConnex

APRIL 4, 2024

South Dakota joins California, Colorado, Iowa, Louisiana, Maine, Massachusetts, North Dakota, Washington and Wisconsin in recently eliminating transaction-based nexus thresholds. Thirteen economic-nexus states never had such thresholds.)

South Dakota 264

South Dakota North Dakota Wisconsin Iowa 264

Withum

DECEMBER 2, 2024

The simplicity of cash basis accounting is one of its main advantages. This means: Revenue Recognition : Income is recognized when it is received, rather than when it is earned. Expense Recognition : Expenses are recorded when they are paid, not when they are incurred.

accrual accounting 105

accrual accounting Account accounted accountant 105

BuildYourFirm

APRIL 14, 2020

The main thing I do as far as educating clients is one-on-one-coaching and consulting.” . Corey graduated from the University of Michigan. He is a licensed CPA in Michigan. Memorable Quotes: “I’ve always loved craft beer. It’s always been something on my mind.”.

Michigan 246

Michigan cpas Sports Education 246

TaxConnex

MARCH 6, 2025

Maine exempts only grocery staples, for instance. As this issue is often a political tool, its possible that some or all those states will likewise remove their sales tax down the road; Tennessee lawmakers working on it, for example, as are those in Utah and Mississippi , that last the state with the highest sales tax on groceries.

Sales 130

Sales Tax South Dakota Mississippi 130

CPA Practice

NOVEMBER 8, 2024

Now, let’s keep the main thing, the main thing here. They’re comparing that to Thomson, Reuters, Bloomberg tax and cch answer Connect, which they say are 4455 a year, 8200, a year, and 12,000 a year.

Technology 115

Technology accounted Account accountant 115

TaxConnex

JUNE 20, 2023

South Dakota joins California, Colorado, Iowa, Maine, North Dakota, Washington and Wisconsin in eliminating transaction-based nexus thresholds. As of July 1, South Dakota is removing the 200-transaction threshold; only those selling $100,000 or more into the state will be required to register and collect and remit sales tax. Starting Aug.

South Dakota 246

South Dakota North Dakota Wisconsin Iowa 246

TaxConnex

FEBRUARY 18, 2021

For over 50 years, a physical presence was the determining factor for whether a business had a connection to a taxing jurisdiction and today, it is still one of the main ways to determine nexus. Wayfai r enacted economic nexus, physical presence reigned supreme when it came to determining a business’ sales tax obligation.

South Dakota 227

South Dakota Sales Transportation Tax 227

TaxConnex

DECEMBER 14, 2023

Maine charges sales tax on some services but also has a service provider tax on such items as lodging and prepaid calling services, among others. Florida , for instance, taxes security services but will cut a tax break for tiny firms. Indiana taxes services, but only a few.

West Virginia 264

West Virginia Virginia Kentucky Minnesota 264

TaxConnex

DECEMBER 5, 2023

In recent years IHRSA lent its voice to prevent imposition of sales taxes on health club memberships in Maine, Pennsylvania, West Virginia, Wyoming, Georgia and Arizona. Instead, policymakers should be actively encouraging physical activity,” the organization contends.

South Carolina 264

South Carolina Sales Tax West Virginia 264

Accounting Today

JULY 26, 2024

The Internal Revenue Service isn't in full compliance with the federal government's guidance for removal of TikTok from devices, according to a new report, but mainly because it hasn't been inserting the requirement in all its contract actions.

Maine 129

Maine Government Tax 129

Accounting Today

MAY 28, 2024

The Governmental Accounting Standards Board released an updated standard to improve some of the main components of the financial reporting model for state and local governments.

Government 124

Government accounting standards Maine accounted 124

Going Concern

SEPTEMBER 4, 2024

CBIZ has filed a data breach notification with the attorney general of Maine and you know what that means. Liberty Utilities Sanofi Sanofi Pasteur Seven Maine residents were affected by this breach. Wait, maybe you don’t know what that means. The retiree plan clients are: Central Pennsylvania Teamsters Knoll, Inc.

Pennsylvania 115

Pennsylvania Maine accounting firms accounted 115

TaxConnex

JUNE 13, 2024

Colorado, for instance, used to also require or 200 or more separate transactions in the state, but has since joined South Dakota, California, Iowa, Louisiana, Maine, Massachusetts, North Dakota, Washington and Wisconsin in eliminating transaction-based thresholds. Not all changes work against sellers.

South Dakota 264

South Dakota North Dakota Massachusetts E-commerce 264

Accounting Today

JANUARY 16, 2024

The chairs of Congress's two main tax committees announced a deal to extend a number of expired tax credits and tax breaks, including the expanded Child Tax Credit.

Tax 134

Tax Maine 134

CPA Practice

NOVEMBER 27, 2024

In a Robert Half survey, over one-third of workers (35%) said the main reason they are looking for a new job is to gain better benefits and perks. We also learned through our research for our 2025 Salary Guide that the benefits and perks employers commonly provide align with professionals’ preferences.

cpa firm 111

cpa firm CPA Technology accounting and finance 111

TaxConnex

DECEMBER 27, 2022

There are many types of exemptions that could apply, but they often fit into two 6 main categories: RESALE EXEMPTIONS If you are selling products to distributors who will resell the product, the distributor is the one who needs to provide the resale exemption certificate to the seller to substantiate the exemption.

Sales 246

Sales Tax Non-Profits Maine 246

Accounting Today

SEPTEMBER 25, 2023

The IRS says taxpayers in Maine and Massachusetts who were hit by the hurricane now have until Feb. 15 to file and pay some taxes.

Massachusetts 130

Massachusetts Tax Maine 130

TaxConnex

DECEMBER 28, 2023

In 2021, Wisconsin and Maine both removed their transaction threshold; in 2023, South Dakota and Louisiana joined suit. Expect more of the same in 2024. Holidays Some time ago, politicians (and not tax experts, as has been subsequently acknowledged) discovered that sales tax holidays were a great way to garner public support.

Sales 264

Sales South Dakota Tax Louisiana 264