TaxConnex

DECEMBER 23, 2021

The Sales Tax Institute reports that Maine, Illinois, California, Massachusetts, Wisconsin and Washington have been the most aggressive states in sending notices and audit requests. Industry observers look for New York, Ohio and New Jersey to soon intensify enforcement. Get to work on this first and fast.

audit 244

audit Sales Tax auditor 244

TaxConnex

OCTOBER 26, 2023

During this step, you are calculating the sales tax due based on the jurisdiction, what’s being sold, and who the customer is. Preparing and filing the sales tax returns. Generally speaking, this is the step in which sales tax automation can provide the biggest “bang for the buck”. Tracking your changing nexus footprint.

Technology 147

Technology Sales Tax E-commerce 147

MyIRSRelief

JULY 3, 2023

During an ERC audit, the IRS reviews the business’s records, including payroll records, tax returns, and supporting documentation related to ERC claims. Certain factors, such as high claim amounts or inconsistencies in reported data, may trigger an audit. ERC IRS Audit Process 2.1 What Happens During an ERC Audit?

audit 130

audit North Carolina Oklahoma Ohio 130

CPA Practice

APRIL 12, 2023

million people across the nation (state-by-state list below) have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return. billion in refunds remain unclaimed because people haven’t filed their 2019 tax returns yet. Need to file a 2019 tax return?

Rhode Island 122

Rhode Island tax return Tax West Virginia 122

CPA Practice

APRIL 9, 2024

Compliance and Reporting Ensuring compliance with payroll tax regulations involves timely and accurate reporting to various tax authorities. As an accountant or CPA, you play a vital role in: Calculating and withholding taxes correctly. Filing tax returns and remitting payments on time.

payroll tax 110

payroll tax West Virginia payroll cpas 110

ThomsonReuters

NOVEMBER 2, 2021

As a corporate tax professional, you know the complexities of complying with business taxation requirements. Your company may have to file corporate tax returns in multiple states and local jurisdictions, as well as with federal — and perhaps international — tax authorities. Does every corporation file income tax returns?

tax return 59

tax return corporation tax income tax Tax 59

CPA Practice

JULY 31, 2024

Rosemary, as the firm’s first female president, will lead a team of 14 directors and a staff of 85, located in three offices in Cleveland, Sheffield Village, and Sandusky, Ohio, as well as remote workers in locations across the country. She is a graduate of Notre Dame College of Ohio. She resides in Avon.

Ohio 116

Ohio audit cpas CPA 116

Cherry Bekaert

AUGUST 10, 2023

Ohio Ohio’s Fiscal Year 2024-2025 budget bill was recently signed into law. The legislation enacted many tax law changes, among them a measure of relief from double taxation for Ohio resident owners of PTEs that made PTET elections in other states. Under this legislation, Ohio Rev. Code Section 5747.05

Alabama 98

Alabama Ohio Iowa Louisiana 98

CPA Practice

AUGUST 9, 2024

Rosemary, as the firm’s first female president, will lead a team of 14 directors and a staff of 85, located in three offices in Cleveland, Sheffield Village, and Sandusky, Ohio, as well as remote workers in locations across the country. She is a graduate of Notre Dame College of Ohio. She resides in Avon.

Ohio 111

Ohio audit cpas CPA 111

TaxConnex

SEPTEMBER 28, 2023

(Many of the software and service providers who claim to manage sales tax for you don’t help with registrations, and if they do it comes at extra cost.) Should you register for sales tax, seller’s use tax or consumer’s use tax? As a seller, you will likely register for either sales tax or seller’s use tax.

Sales 147

Sales Tax West Virginia North Dakota 147

TaxConnex

JANUARY 26, 2023

The Division of Tax Appeals found that the individual had the authority to sign checks and prepare tax returns on behalf of the LLC and that his primary duties were listed as tax manager or general manager.

Sales 130

Sales Tax Arkansas Missouri 130

PYMNTS

MAY 22, 2020

The measure limits independent contractors and the self-employed to borrow up to two months of their pay based on their 2019 income tax return or $15,385, whichever is less, toward forgiveness. If they can’t convince the SBA they met those requirements, borrowers have two years to repay it at a 1 percent interest rate.

Ohio 99

Ohio payroll income tax tax return 99

ThomsonReuters

FEBRUARY 1, 2021

The FUTA tax rate is currently 6.0% FUTA tax credit reduction when they file their Form 940 (Employer’s Annual Federal Unemployment (FUTA) Tax Return), resulting in a net FUTA tax rate of 0.6%.FUTA on the first $7,000 in wages per employee each year. However, employers generally receive a 5.4%

Hawaii 89

Hawaii Nevada California New Jersey 89

CPA Practice

APRIL 14, 2023

have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return, the IRS said on Wednesday. billion in refunds remain unclaimed because people have not filed their 2019 tax returns yet. People face a July 17 deadline to file their returns. million people across the U.S.

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

CPA Practice

APRIL 13, 2023

have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return, the IRS said on Wednesday. billion in refunds remain unclaimed because people have not filed their 2019 tax returns yet. People face a July 17 deadline to file their returns. million people across the U.S.

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

CPA Practice

MAY 17, 2023

Most states tax personal property owned by businesses and require businesses to complete and file a personal property rendition every year. The exceptions to that rule are Delaware, Hawaii, Illinois, Iowa, Minnesota, New Hampshire, New Jersey, New York, North Dakota, Ohio, Pennsylvania, and South Dakota.

South Dakota 105

South Dakota North Dakota Washington Real Estate 105

CPA Practice

APRIL 15, 2024

Meyer wrongfully advised clients they could legally access their donated assets for their own personal use through tax-free loans and execute an “exit strategy” to buy back their donations at a significantly discounted rate. Goldberg of the Justice Department’s Tax Division made the announcement.

Florida 59

Florida Tax tax planning Ohio 59

Going Concern

SEPTEMBER 29, 2023

Smucker — makers of Smucker’s jam, Folger’s coffee and Jif peanut butter — has an innovative return to office policy. The company expects each of its roughly 1,300 Orrville, Ohio-based corporate workers to be on site for 22 “core” weeks a year.

auditor 111

auditor audit New York CPA 111

Going Concern

JUNE 23, 2023

was sentenced today to 18 months in prison, followed by one year of supervised release to include home confinement, for tax fraud. On January 24, Harrison pled guilty willfully filing a false tax return with respect to nearly $25 million in unreported income he paid to himself from his company. million in additional restitution.

cpa firm 105

cpa firm CPA auditor North Carolina 105

KROST

FEBRUARY 24, 2021

Under the third test, failing to certify, under penalties of perjury, that all federal tax obligations have been met for the five-year period leading up to the year of expatriation deeming an individual a covered expatriate for US tax purposes. Expatriate tax return compliance. Tax , International Tax.

Tax 52

Tax Ohio tax return California 52

Anders CPA

SEPTEMBER 28, 2022

Many states don’t require a company to collect tax if all they provide is nontaxable services. How a state may define SaaS could determine if a company is required to file a sales tax return in a particular state, regardless of if SaaS is actually taxable by law within that given state.

Rhode Island 52

Rhode Island West Virginia South Dakota South Carolina 52

CPA Practice

APRIL 16, 2024

Meyer wrongfully advised clients they could legally access their donated assets for their own personal use through tax-free loans and execute an “exit strategy” to buy back their donations at a significantly discounted rate. Goldberg of the Justice Department’s Tax Division made the announcement.

Florida 52

Florida Tax tax planning Ohio 52

Cherry Bekaert

NOVEMBER 16, 2023

If a refund check was received, void it, include a statement for “ERC withdrawal,” and return it with an explanation to Cincinnati Refund Inquiry Unit, PO Box 145500, Mail Stop 536 G, Cincinnati, Ohio, 45250. The IRS will send a letter telling you if the withdrawal was accepted or rejected.

tax return 52

tax return audit income tax Ohio 52

CPA Practice

APRIL 10, 2023

These taxes are administered by the Wisconsin Department of Revenue. Marketplaces are also responsible for applicable municipal room taxes in Wisconsin. The department’s list of jurisdictions with a room tax is 66 pages long, and it may not account for every jurisdiction with a municipal room tax.

Tax 85

Tax West Virginia Wisconsin Virginia 85

Going Concern

MARCH 25, 2022

I would have thought that accountants would be seen as boring, but effective and the perfect person to do a good job on your tax return,” Wijnand Van Tilburg, a study co-author and senior lecturer in the university’s psychology department, said in a statement last week. Louis worked as a Tax Examiner for the IRS from 1985 to 1994.

tax return 52

tax return audit auditor accounting and finance 52

ThomsonReuters

JUNE 22, 2021

Beginning July 1, new forms will be used to report withholding tax. Form TRD-41414, Wage Withholding Tax Return, will be used to report withholding from payments to employees. Form TRD-41409, Non-Wage Withholding Tax Return, will be used to report withholding from non-wage payments. New Mexico. per hour. .

payroll 72

payroll Virginia Utah West Virginia 72

CPA Practice

DECEMBER 10, 2024

With eight years of public accounting experience, Austin prepares and reviews complex tax returns for high-net-worth individuals, families and their associated entities, including fiduciary, gift and business tax filings. Austin joined the firm in January 2023 and specializes in trust and estate taxation.

public accounting 52

public accounting Real Estate California Ohio 52

ThomsonReuters

FEBRUARY 6, 2024

The owners include their allocated share of the businesses’ profits in their income tax return and pay the ordinary individual income tax. businesses that are not subject to the corporate income tax because they are taxed as “pass-through” entities. In short, there are U.S.

Tax 52

Tax income tax Oregon Ohio 52

CPA Practice

JANUARY 12, 2024

But one of the one of the major things I think that needs to be said about it is that the major the major AI initiative that TR is chasing is the is incorporating sure preps document and information ingesting process on the front end of a tax return. And so they’re trying to use automation technology. Randy Johnston 11:39 Yeah.

Technology 40

Technology Account accountant accounted 40

Going Concern

NOVEMBER 10, 2023

Sikich Expands in Northeast Ohio with Acquisition of Thornhill Financial [ PR Newswire ] Sikich announced today that it has signed an agreement to acquire the operating assets of Thornhill Financial, LLC, a Cleveland-based accounting firm that provides tax, audit and financial advisory services.

audit 122

audit accounting and finance auditor accounting firms 122

Going Concern

JULY 15, 2024

An Ohio firm, Payne Nickles & Co. Crace, the founder of Crace.CPA, pleaded guilty in federal court on Wednesday to participating in an illegal tax shelter. For Gen Z (and the generations to come) inheriting this new reality, the question has evolved from “Where should I apply to college?” to “How can I make money online?”

audit 64

audit Account accounted accountant 64

CPA Practice

FEBRUARY 1, 2024

In its latest form, the bill will provide tax relief on wildfire-related settlement payments received after Dec. Over time and as supporters sought votes, the legislation expanded include compensation related to last February’s train derailment in East Palestine, Ohio. The tax package must pass the U.S. 31, 2019 and before Jan.

Tax 52

Tax California Ohio tax return 52

Going Concern

AUGUST 4, 2023

Firm Watch Weaver promoted at accounting firm [ The Courier ] Jaimee Weaver has been named managing principal for CliftonLarsonAllen (CLA) accounting firm in Western Ohio, which includes Findlay, Maumee and Toledo offices. This is a well-earned advancement to help us lead our efforts in the Ohio region.”

cpa firm 98

cpa firm CPA accounting firms accounting and finance 98

CPA Practice

MAY 19, 2023

The pair said their legislation would ensure that fewer small businesses and casual sellers have to deal with that tax paperwork for online sales. Ohio small businesses are frustrated with the 1099-K reporting threshold.

Tax 98

Tax Louisiana Missouri Ohio 98

CPA Practice

JUNE 20, 2023

That’s up from the current maximum $2,000 benefit, which is only paid out at tax time. There was also an option to take some or all of the credit as a lump sum when filing annual tax returns. Sherrod Brown, D-Ohio, is the lead sponsor, and it has 40 co-sponsors including Finance Chair Ron Wyden, D-Ore.,

Tax 52

Tax Connecticut Ohio income tax 52

Withum

JANUARY 13, 2025

If an individual has already filed a return without excluding gross income due to wildfire compensation, the individual can generally claim credits or refunds within 3 years from the time the return was filed or 2 years from the time the tax was paid, whichever is later.

Ohio 64

Ohio tax return Tax California 64

PYMNTS

APRIL 1, 2020

Sherrod Brown of Ohio and Sen. He said they would be direct-deposited utilizing bank account information on-file from tax returns from the previous few years. So Senate Minority Leader Chuck Schumer, Sen.

Oregon 52

Oregon Ohio tax return Government 52