Patriot Software

OCTOBER 14, 2022

If you have an employee in Ohio, you need to include the Ohio school district number on Form W-2. The Ohio Department of Taxation is requiring this change to help reduce the number of reporting errors on individual income tax returns. Form W-2 reporting requirement in Ohio […] READ MORE.

Ohio 97

Ohio income tax tax return Tax 97

TaxConnex

OCTOBER 26, 2023

Sales tax is a major obligation for your business. Sales tax rates and taxability rules differ by state and even locality. Software that has the rates and taxability rules built-in helps make sure you charge the right sales tax with each purchase. Sales tax calculation software does make sense. Applying sales tax.

Technology 147

Technology Sales Tax E-commerce 147

TaxConnex

SEPTEMBER 28, 2023

Now it’s time to register with the states to collect and remit sales tax. You complete your sales tax registrations and file them with the departments of revenue or taxation in each state. These registrations are called sales tax permits, sometimes licenses. New York calls theirs a “sales tax certificate of authority.”

Sales 147

Sales Tax West Virginia North Dakota 147

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. People face a July 17 deadline to file their returns.

Rhode Island 122

Rhode Island tax return Tax West Virginia 122

CPA Practice

APRIL 9, 2024

As accountants and CPAs, dealing with payroll taxes is essential to managing finances for your business clients. Understanding the details of payroll taxes helps you better assist your clients in fulfilling their obligations and maximizing tax efficiency. Social Security Tax : Employers and employees each contribute 6.2%

payroll tax 110

payroll tax West Virginia payroll cpas 110

TaxConnex

JANUARY 26, 2023

There’s always something changing in the world of tax, especially sales tax. Gary Bingel, partner-in-charge for state and local taxes in accounting firm EisnerAmper’s State and Local Tax National Tax Group, made several predictions for 2023 in sales and other taxes. Crystal ball time. Oneida, N.Y.,

Sales 130

Sales Tax Arkansas Missouri 130

Cherry Bekaert

AUGUST 10, 2023

Pass-through entity taxes (PTET) are constantly changing on a state-by-state basis. How Alabama’s PTET Works Alabama’s PTET election is made by submitting Form PTE-E via “My Alabama Taxes” on or before the 15 th day of the third month following the close of the tax year. Louisiana Louisiana House Bill No. House Bill No.

Alabama 98

Alabama Ohio Iowa Louisiana 98

MyIRSRelief

JULY 3, 2023

Contact us for professional tax help today! During an ERC audit, the IRS reviews the business’s records, including payroll records, tax returns, and supporting documentation related to ERC claims. What Skills Should I Look for in a Tax Professional for ERC Audit Representation? Understanding ERC IRS Audits 1.1

audit 130

audit North Carolina Oklahoma Ohio 130

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

Barnes Wendling CPAs Announces New President Barnes Wendling CPAs, a Cleveland based accounting, tax, and advisory firm recently announced that Rosemary Rehner, CPA, CEPA , will lead the firm as president, effective July 1, 2024. She is a graduate of Notre Dame College of Ohio. She resides in Avon.

Ohio 116

Ohio audit cpas CPA 116

CPA Practice

AUGUST 9, 2024

Barnes Wendling CPAs Announces New President Barnes Wendling CPAs, a Cleveland based accounting, tax, and advisory firm recently announced that Rosemary Rehner, CPA, CEPA , will lead the firm as president, effective July 1, 2024. She is a graduate of Notre Dame College of Ohio. She resides in Avon.

Ohio 111

Ohio audit cpas CPA 111

CPA Practice

APRIL 10, 2023

Still, whatever discomfort I experience when booking a room has nothing on what lodging platforms have to endure to comply with the multitude of lodging tax requirements in the United States. We talk a lot about how complicated sales tax compliance is at the Avalara Tax Desk, and it is. Sometimes you just have to go with it.

Tax 85

Tax West Virginia Wisconsin Virginia 85

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

If these loans are not repaid within a certain amount of time, the Federal Unemployment Tax Act (FUTA) tax rate credit that most employers enjoy begins to be reduced. FUTA tax credit. The FUTA tax rate is currently 6.0% tax jurisdiction with an outstanding federal unemployment loan balance. FUTA credit reduction.

Hawaii 89

Hawaii Nevada California New Jersey 89

CPA Practice

APRIL 15, 2024

A Florida attorney was sentenced today to eight years in prison for conspiring to defraud the United States and tax evasion arising out of his promotion of an illegal tax shelter scheme involving false charitable deductions. Meyer earned more than $10 million from selling the Ultimate Tax Plan.

Florida 59

Florida Tax tax planning Ohio 59

CPA Practice

MAY 17, 2023

The property tax life cycle is a complex beast, and taming it can be both frustrating and time-consuming. Take business personal property renditions, also known as personal property returns. Did you know that businesses typically spend an average of 132 hours per week on various personal property tax compliance tasks ?

South Dakota 105

South Dakota North Dakota Washington Real Estate 105

KROST

FEBRUARY 24, 2021

Historically, tax practitioners have taken the viewpoint that US tax law (FACTA regulations) and the burden imposed on US expats and US foreign nationals by these laws very much explained the shifting desires of US citizenship. Studies show that US tax law is not the only concern of individuals exiting the United States.

Tax 52

Tax Ohio tax return California 52

CPA Practice

APRIL 16, 2024

A Florida attorney was sentenced today to eight years in prison for conspiring to defraud the United States and tax evasion arising out of his promotion of an illegal tax shelter scheme involving false charitable deductions. Meyer earned more than $10 million from selling the Ultimate Tax Plan.

Florida 52

Florida Tax tax planning Ohio 52

Going Concern

SEPTEMBER 29, 2023

The company expects each of its roughly 1,300 Orrville, Ohio-based corporate workers to be on site for 22 “core” weeks a year. The accounting firm subsequently used the information to advise clients on how to sidestep the tax changes. As their revenues soared, so did their workloads.

auditor 111

auditor audit New York CPA 111

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. Under the law, taxpayers usually have three years to file and claim their tax refunds.

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. Under the law, taxpayers usually have three years to file and claim their tax refunds.

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

Going Concern

JUNE 23, 2023

KPMG’s Big Four Dominance on Bank Audits Shaken by Failures [ Bloomberg Tax ] Big Four accounting firm KPMG has been buffetted by one of the biggest economic stories of the year—and has been pilloried for giving clean audit opinions for three banks that collapsed amid the interest rate crisis that’s threatened the regional banking sector.

cpa firm 105

cpa firm CPA auditor North Carolina 105

ThomsonReuters

FEBRUARY 6, 2024

Jump to: What is direct tax? What is indirect tax? Direct tax and indirect tax. The differences between direct tax and indirect tax are important to understand. The differences between direct tax and indirect tax are important to understand. Direct tax is progressive in nature.

Tax 52

Tax income tax Oregon Ohio 52

Anders CPA

SEPTEMBER 28, 2022

Even if a state doesn’t require sales tax on SaaS, the company may still need to file if they pass a certain threshold of sales. State Tax Considerations for SaaS Companies. For tax purposes, the definition of SaaS may differ from state to state. Does My State Tax SaaS? Those states that clearly tax SaaS are listed below.

Rhode Island 52

Rhode Island West Virginia South Dakota South Carolina 52

ThomsonReuters

JUNE 22, 2021

But before we give you a state-by-state rundown on the more mundane upcoming changes, here’s one federal reminder that beginning July 1, 2021, the Employee Retention Credit is claimed against only the employer share of Medicare tax. State by State Payroll Tax Changes. Beginning July 1, new forms will be used to report withholding tax.

payroll 72

payroll Virginia Utah West Virginia 72

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

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

CPA Practice

DECEMBER 10, 2024

Eide Bailly Welcomes Chad Martin as Principal in the National Tax Office, Leading Transfer Pricing Practice Eide Bailly, a nationally recognized certified public accounting and business advisory firm recently welcomed Chad Martin as Principal in the National Tax Office.

public accounting 52

public accounting Real Estate California 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. That’s the CEO about the allocation of AI to tax and accounting.

Technology 40

Technology accountant Account accounted 40

Going Concern

NOVEMBER 10, 2023

See also: Academics Let AI Ruthlessly Slander Big 4 Firms, They’re Very Sorry They Didn’t Think to Fact Check Talent Don’t slack on hiring tax talent, pre-game your busy season and be ready with a fully staffed team when things get crazy. One customer says their business tax documents haven’t been filed since 2019.

audit 122

audit accounting and finance auditor accounting firms 122

Going Concern

JULY 15, 2024

An Ohio firm, Payne Nickles & Co. began as an intern during the tax seasons of January 2015 and January 2016 while he was still completing his degree. Crace, the founder of Crace.CPA, pleaded guilty in federal court on Wednesday to participating in an illegal tax shelter. to “How can I make money online?”

accountant 64

accountant audit accounted Account 64

CPA Practice

FEBRUARY 1, 2024

TNS) The long-suffering effort to exempt victims of utility-sparked wildfires from paying federal taxes on compensation for their losses cleared a major hurdle late Wednesday. House of Representatives as part of a bipartisan tax deal that included fire victim tax relief. The tax package must pass the U.S. California Sen.

Tax 52

Tax California Ohio tax return 52

Going Concern

AUGUST 4, 2023

The survey, from alliantTalent, an affiliate of the tax advisory firm alliantgroup, used research firm CensusWide to poll 250 top CPA firm leaders in the country. She began her career as a tax associate with PricewaterhouseCoopers in the early 2000s, eventually joining Gilmore Jasion Mahler (GJM) in Maumee.

cpa firm 98

cpa firm CPA accounting firms accounting and finance 98

CPA Practice

MAY 19, 2023

Sherrod Brown wants to tweak a controversial upcoming tax rule that would require third-party payment platforms to issue 1099-K forms to small business owners and entrepreneurs who have at least $600 in sales. Ohio small businesses are frustrated with the 1099-K reporting threshold. By Sabrina Eaton, cleveland.com (TNS) Sen.

Tax 98

Tax Louisiana Missouri Ohio 98

CPA Practice

JUNE 20, 2023

By Laura Weiss, CQ-Roll Call (TNS) House Democrats’ latest proposal to expand the child tax credit includes a new feature: a $2,000 payment for newborn babies. The two parties have been battling over the tax benefit since before a larger version of it lapsed after 2021. who held a hearing last week on family and household tax benefits.

Tax 52

Tax Connecticut Ohio income tax 52

Withum

JANUARY 13, 2025

On December 12, 2024, President Biden signed the Federal Disaster Tax Relief Act of 2023 (H.R. 5863), a significant piece of legislation aimed at providing much-needed tax relief to individuals and businesses affected by federal disasters. Authors: Yeonhee Oh | yeonhee.oh@withum.com

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