Withum

MAY 4, 2022

New York’s fiscal year 2023 budget bill that was enacted into law significantly expands the benefits of the state’s pass-through entity tax (“PTET”) for many businesses. Some of the major PTET highlights include amplifying the benefits for resident S corporation shareholders, as well as establishing a New York City PTET.

New York 112

New York income tax New Jersey Tax 112

Shay CPA

NOVEMBER 29, 2023

It’s your year-end tax planning to-dos. Taking some time to get yourself sorted could mean thousands of dollars of savings between your startup’s income, payroll, sales, and foreign taxes. If you plan to buy expensive assets in 2024 to support your company’s exploration of new or improved products, talk with us first.

tax planning 52

tax planning Tax CPA Start-ups 52

Withum

NOVEMBER 17, 2022

For income tax apportionment, in some states, the consequence of an employee working from a different state could affect sales sourcing, payroll, and the property factor for state tax apportionment. Failing to prepare for a tax examination at the outset of a move jeopardizes the ability to ultimately prevail at the audit.

tax planning 52

tax planning Tax income tax New York 52

CPA Practice

SEPTEMBER 18, 2023

Most recently, Kess had been working as of counsel at the New York-based law firm Kostelanetz LLP and was scheduled to present a session along with his good friend Edward Mendlowitz , a partner at Withum, during the 54th annual estate, tax, and financial planning conference named in Kess’s honor that is slated for Oct.

Tax 111

Tax cpas New York CPA 111

DentalAccounting

NOVEMBER 12, 2019

New Jersey. New Hampshire. Clearly, the analysis from 24/7 did not take taxes into account as these are probably the highest tax states. Certified Tax Coaches know how to proactively save thousands of dollars that would otherwise be wasted on unnecessary taxes. Massachusetts. Connecticut. California.

New Hampshire 100

New Hampshire Hawaii Minnesota Connecticut 100

MyIRSRelief

MAY 1, 2024

Tax Planning and Strategy: A skilled tax professional is more than just a filing machine. They can help you develop tax-saving strategies tailored to your business structure (C corporation, S corporation, or partnership). Get business tax help today! Contact us at 1-877-78-TAXES [1-877-788-2937].

Tax 130

Tax tax planning audit Non-Profits 130

CTP

SEPTEMBER 16, 2022

For example, New York has an essential plan for lower-income taxpayers who do not qualify for Medicaid. Another set of tax benefits are available for those who are pursuing higher education : American Opportunity Tax Credit (AOTC). As you now see, tax planning is not just for the wealthy.

tax planning 52

tax planning Tax Real Estate Education 52

CTP

SEPTEMBER 16, 2022

For example, New York has an essential plan for lower-income taxpayers who do not qualify for Medicaid. . Another set of tax benefits are available for those who are pursuing higher education : American Opportunity Tax Credit (AOTC). As you now see, tax planning is not just for the wealthy.

tax planning 52

tax planning Tax Real Estate Education 52

CPA Practice

JULY 1, 2024

This year, the NYU School of Professional Studies (NYU SPS) Division of Programs in Business Finance and Taxation programs will host the NYU Tax Conferences throughout July. For the introductory offerings, the conferences are designed to provide an introduction to fundamental concepts and practical applications.

Tax 105

Tax New York accounting and finance tax planning 105

CPA Practice

DECEMBER 19, 2023

States with tighter schedules include Illinois and New York (up to 60 days) and Virginia (up to 15 days). Administrative considerations: If administrative or logistical challenges could cause delays, planning for a later filing date may provide the necessary time to address and overcome these issues.

Rhode Island 116

Rhode Island West Virginia South Dakota North Dakota 116

CPA Practice

MARCH 29, 2023

In this year of discussing and rebuilding technology stacks, I was pleased to be invited to the Top Thought Leaders Symposium in New York City on February 20-22, 2023. My colleague Brian Tankersley and I both attended, and we picked up new ideas from our fellow consultants to the profession.

Technology 114

Technology CPA tax planning quickbooks 114

Withum

SEPTEMBER 6, 2024

The landscape of estate and tax planning has undergone a substantial transformation due to the Tax Cuts and Jobs Act of 2017 (TCJA), which effectively doubled the federal estate exemption to over $11 million (indexed for inflation to $13,610,000 in 2024) and is not scheduled to sunset until the end of the 2025 tax year.

New Jersey 59

New Jersey income tax Tax New York 59

CPA Practice

APRIL 29, 2024

Wrestling with sky-high tax season burnout and subpar work-life balance. During the Intuit Accountants “Better Together” event in New York City, the Intuit ProTax Group brought together tax professionals and industry thought leaders. Struggling to recruit and retain high-quality employees.

Tax 124

Tax Technology tax return bookkeeping 124

CPA Practice

MAY 10, 2024

FORVIS adds two managing directors to State & Local Tax team FORVIS , an integrated professional services firm has hired two new managing directors to bolster its State & Local Tax (SALT) practice in two key markets. Ecroyd is a licensed CPA in New York and Colorado. Albany in New York.

Tennessee 64

Tennessee New York audit income tax 64

CPA Practice

JANUARY 31, 2023

For example, the American Chopper Argument meme is based on a reality TV show featuring New York motorcycle company Orange County Choppers and a toxic relationship between owner Paul Teutel Sr. and his son, Paul Teutel Jr.

CPA 110

CPA New York accounting firms tax planning 110

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.

payroll 52

payroll Rhode Island West Virginia South Dakota 52

Shay CPA

DECEMBER 2, 2022

No gross receipts for any tax year before the 5-tax-year period ending with the tax year. Estimated Tax Planning for your Tech Company and Employees . Partnering with financial advisors or your retirement plan and hosting a year-end tax planning session to review 401k, Roth vs. Traditional IRAs.

Tax 59

Tax Technology CPA tax planning 59

CPA Practice

SEPTEMBER 18, 2024

Florida’s hospitality and tourism sectors also benefit from a high concentration of Hispanic-owned businesses, while New York showcases a diverse Hispanic business landscape, including media, fashion, and food. About the Author Vanessa Piedrahita is a tax partner and Latin America practice leader at Aprio.

Education 98

Education Tax tax consultant Texas 98

Withum

NOVEMBER 28, 2023

With the year coming to an end, it’s essential to kickstart your 2023 tax preparations and start thinking about tax-saving techniques, potential opportunities, and the recent legal modifications that might impact your tax obligations. Mucenski-Keck Principal New York, NY Kimberlee S.

tax preparation 52

tax preparation income tax New York tax planning 52

CPA Practice

JANUARY 9, 2024

Top 25 accounting firm Citrin Cooperman has acquired Coleman Huntoon & Brown (CH&B) PLLC, a Chapel Hill, NC-based tax, accounting, and business consulting firm. The New York-based firm also picks up its first office location in the Carolinas as part of the acquisition. Financial terms of the deal weren’t disclosed.

North Carolina 59

North Carolina tax return New York tax planning 59

Cherry Bekaert

JULY 14, 2023

In New York for example, partnerships follow personal income tax rules, not the corporate tax rules for apportionment. There are various reasons why owners may want to opt out of these NRW requirements, including controlling their own internal tax planning process or other administrative reasons.

income tax 97

income tax Technology Tax South Dakota 97

Going Concern

MAY 26, 2023

Long Read How a Pandemic-Era Program Became a Magnet for Fraud [ New York Times ] Amid the onset of the pandemic in 2020, as large swaths of the economy went into lockdown, Washington set up various programs to help keep businesses and their workers afloat. Have a safe Memorial Day. Here’s the problem: The meaning has become muddled.

public accounting 104

public accounting accountant accounted Account 104

CPA Practice

MAY 17, 2023

FORVIS Adds Aaron Schaal as Tax Partner in New York FORVIS recently announced the hiring of Aaron Schaal as a partner with its tax team in New York. tax planning experience as well as considerable international tax and transfer pricing experience to FORVIS.

South Carolina 52

South Carolina North Carolina Colorado New York 52

Withum

FEBRUARY 20, 2024

Please note players are still subject to income taxes in their resident state during spring games. However, if proper tax planning is considered players can be domiciled in states which do not have an income tax and be free of state income taxes for Spring Training.

income tax 59

income tax Arizona Florida Tax 59

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

JANUARY 10, 2024

has regularly provided high-net-worth individuals and other private clients with comprehensive, individualized tax offerings. The firm’s senior staff and partners have extensive expertise in tax planning and preparation, IRS representation, international taxation, and estate and trust taxation.

Rhode Island 52

Rhode Island Connecticut Maryland New Jersey 52

CPA Practice

JANUARY 8, 2024

The combination expands Farmington Hills, MI-based UHY’s presence in the Northeast, as the firm has 10 offices throughout New York, Connecticut, and New Hampshire. Top 30 accounting firm UHY has entered Massachusetts by merging with Wayland-based CPA firm Paresky Flitt & Co. Financial terms of the deal weren’t disclosed.

Massachusetts 52

Massachusetts New Hampshire Connecticut cpa firm 52

KROST

FEBRUARY 23, 2021

Navigating the ins and outs of US taxes as a US shareholder of a controlled foreign corporation (CFC) has been complex in the last couple of years due to changes in regulations from the IRS. Taxpayers need tax planning to determine the best strategy to mitigate the CFC’s tax liabilities. May Sung, MSA, Tax Senior.

Tax 54

Tax Non-Profits income tax tax planning 54

CPA Practice

AUGUST 23, 2023

He also works with clients undergoing mergers and acquisitions (M&A) to remodel their current business structure to meet specific federal and state compliance obligations and help tax-exempt and foreign investors limit their exposure to unrelated business taxable income (UBTI) and effectively connected income (ECI), respectively.

tax consultant 52

tax consultant Real Estate New York CPA 52

Withum

JANUARY 17, 2024

Withum’s Professional Sports Services Team members have actively engaged with the sports community by attending The United Soccer Coaches Convention, Super Bowl LVII, Phoenix Waste Management Open, PSN’s Player Care Event at the NFL Headquarters, Esports International Conference, and PSN’s Annual Forum at New York City FC Headquarters.

Sports 59

Sports public accounting Education Entertainment 59

CPA Practice

NOVEMBER 29, 2023

On December 11-12, the NYU 42 nd Annual Institute on State and Local Taxation, hosted by the NYU School of Professional Studies Division of Programs in Business , will take place at the Westin New York at Times Square. Coverage addresses the complexities arising from the new PTE tax regimes and combined reporting issues.

New York 52

New York Connecticut Tax New Jersey 52

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?

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

Going Concern

JUNE 16, 2023

The action by New South Wales, home to Sydney and Australia’s most populous state, is a “proportionate response to the current investigations involving PwC,” Courtney Houssos, the state’s finance minister, said. Last week, PwC named at least 67 current and former staff involved in the leak of government tax plans.

Technology 98

Technology quickbooks accounting and finance Tax 98

Anders CPA

OCTOBER 1, 2024

As your customer base expands across state lines, it creates new revenue opportunities and challenges for your tax planning strategy. Nexus, the legal term that determines a company’s tax obligation in a state, has evolved significantly with the rise of digital business models.

South Dakota 52

South Dakota Rhode Island West Virginia South Carolina 52

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 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

CPA Practice

FEBRUARY 28, 2023

The American Institute of CPAs (AICPA) and CPA.com announced its 2023 Startup Accelerator cohort at a kick-off meeting held at AICPA headquarters in New York. This year’s participants include five early-stage companies pursuing a variety of solutions in audit, accounting, tax and e-commerce.

E-commerce 52

E-commerce Technology Texas accounting and finance 52