Withum

NOVEMBER 17, 2022

Today, almost all states employ economic nexus concepts, whereby merely having sales sourced to a state generally result in a filing requirement even without a physical presence. States across the nation use different sourcing rules and methodologies to assign sales to a state. Income tax apportionment. ultimate customer).

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Cherry Bekaert

MAY 3, 2024

Therefore, a well-thought-out global tax management strategy will be imperative to the success of your global business activities. With proper tax planning a company is able to reduce its worldwide effective tax rate as it expands overseas. CFC income that is classified as GILTI is taxed in the U.S.

Tax 104

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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.

payroll 52

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CPA Practice

SEPTEMBER 12, 2024

In his new role, Burke will be instrumental in identifying and engaging potential clients, nurturing relationships—particularly in the financial services industry—and driving the sales process to successful closure. Additionally, he will provide consultative services to clients within the financial services sector as needed.

Kansas 104

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ThomsonReuters

JULY 6, 2023

research and development credits) Trade and customs tax services and guidance Transfer pricing evaluation , documentation, and modification of existing policies Tax valuation services What does a tax advisor do?

Tax 98

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Withum

JUNE 1, 2022

Utilizing LIFO when costs are rising due to inflation is generally advantageous for income tax purposes because sales prices are offset by higher inflated purchase costs. Company A would recognize taxable income of $17,050, increasing their taxable income by 24%, even though the same number of sales took place. Wait and See.

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Going Concern

JANUARY 4, 2024

Dion provides audit, review and attest services to public and private companies in a variety of industries including technology and life sciences, government, not-for-profit, hospitality and corporate social responsibility. International Tax Services). Automotive & Dealer Services Practice). M&A Tax Services).

Real Estate 59

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Withum

NOVEMBER 28, 2023

They work particularly well for trusts and individuals with substantial ordinary investment income or those contemplating the sale of a closely-held business or other major asset. Start Planning Contact Us For more information on this topic, reach out to Withum’s Insurance Advisors to discuss your specific situation as year-end approaches.

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Cherry Bekaert

AUGUST 1, 2024

Before acquiring a company, the ITAX and SALT exposures must be carefully reviewed, including potential risks such as transfer pricing, sales tax and state income tax. Additionally, systems integration is important for efficient and effective tax management. Learning Objectives: Explore the U.S.

Tax 52

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xendoo

JANUARY 31, 2022

Under section I, you’ll report your sales and the cost of goods sold. You can accomplish this through the following calculations: Gross sales – returns and allowances = net receipts. Xendoo offers tax preparation for small business so that you can stay focused on your company and not on your tax obligations.

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CPA Practice

OCTOBER 23, 2024

See how top accounting firms have reduced Days Sales Outstanding (DSO) and saved time by modernizing their payment workflow. What you’ll discover: Learn strategies for enhancing efficiency at key touchpoints like engagement letters, invoice delivery, payment collection and reconciliation, and more.

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 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?

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 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?

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?

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

ThomsonReuters

FEBRUARY 8, 2022

In the 2018 Small Business Accounting Insight Survey , published in Accounting Today, 65% of people said they would use a professional tax service for taxes only in 2019. Respondents also indicated interest in receiving other services from their accounting firms. 4) Woo your prospects with quality content .

Tax 105

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CPA Practice

MAY 10, 2024

Erin Eberly has been named the partner-in-charge of KSM’s tax services. In this role, Eberly leads tax professionals across the firm to deliver tax compliance and consulting services with excellence. Together, with CEO and President Tim Cook, they comprise KSM’s executive committee, the firm’s leadership team.

Tennessee 64

Tennessee New York audit income tax 64

CPA Practice

JULY 19, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million Do you have a document management system?

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

Withum

MARCH 3, 2023

Supreme Court interpreted sales tax nexus under the Commerce Clause as a minimal physical connection with a state; however, in South Dakota v. In a state with nexus, meeting an established threshold can now be considered sufficient connection with a state for sales and use tax purposes. Wayfair, 138 S. Who needs it?

South Dakota 52

South Dakota Real Estate Sales Tax 52

Withum

APRIL 5, 2023

Section 1202 was enacted in 1993 and excludes certain percentages of gain triggered on the sale of Qualified Small Business Stock (“QSBS”) provided the stock is held for more than five years. Therefore, none of Angela’s gain on the sale of QSBS would be taxable at the federal income tax level. That was not a typo!

income tax 69

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CPA Practice

FEBRUARY 8, 2023

Collectively, the professionals joining Andersen deepen the firm’s expertise serving high net worth individuals, families, and businesses across a range of industries, including real estate, manufacturing, construction, professional services, hospitality, entertainment, technology, retail, financial planning, and agriculture.

Real Estate 52

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Withum

JULY 12, 2023

This results in the elimination of a 3-factor apportionment formula, thereby adopting a single sales factor (SSF) formula, in addition to market-based sourcing (MBS) for service providers. As SSF/MBS is effective January 1, 2023, the provision includes estimated tax penalty and interest relief for qualifying taxpayers.

New Jersey 52

New Jersey Tax business tax income tax 52

xendoo

MAY 19, 2021

Ideally, an experienced accountant will monitor your books all year long (or at least at regular intervals), which is vital when it comes to tax planning. A Florida Certified Public Accountant Can Help You to Understand Sales Tax Laws. Tax laws are notoriously complicated. Photo by Gabrielle Henderson on Unsplash.

Florida 52

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MyIRSRelief

APRIL 15, 2021

Lately, there has been a lot of talk surrounding R&D tax credits, and how they can potentially benefit large and small companies alike, regardless of which industry you happen to be involved in. Technological uncertainty.

Tax 100

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Withum

JANUARY 25, 2023

heat, light, and power), overhead, patent expense, materials, rent, depreciation, and software development costs, regardless of whether they are for the taxpayer’s own use or held for sale to others. Planning Strategies Properly analyze net operating loss rules to understand the impact to taxable income as a result of R&E capitalization.

Tax 81

Tax income tax Real Estate Start-ups 81

Ryan Lazanis

OCTOBER 24, 2022

The big benefit of fixed-pricing is that you just need to quote once and use those costs each time a small businesses client requests a service. If you have a ton of sales inquiries, it may make more sense to implement this approach if your main goal is rapid growth and cash flow. Value Pricing. Define the Scope.

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xendoo

AUGUST 2, 2023

Choose the best entity type for your business If you’re unsure which entity type to choose, you can use a tax service like Xendoo. Our in-house CPAs can help save money on taxes , outsource your bookkeeping , or get personalized advice like choosing between LLC vs. S corp. FAQs Which is better for taxes: LLC or S corp?

Tax 52

Tax income tax Non-Profits tax return 52

xendoo

AUGUST 2, 2023

Choose the best entity type for your business If you’re unsure which entity type to choose, you can use a tax service like Xendoo. Our in-house CPAs can help save money on taxes , outsource your bookkeeping , or get personalized advice like choosing between LLC vs. S corp. FAQs Which is better for taxes: LLC or S corp?

Tax 52

Tax income tax Non-Profits tax return 52

Withum

DECEMBER 4, 2024

An exception from the limitation on the business interest deductions is also provided for floor plan financing (i.e., financing for the acquisition of motor vehicles, boats, or farm machinery for sale or lease and secured by such inventory). sale) of select clean energy credits to an unrelated party for cash under section 6418.

Tax 105

Tax income tax Construction Non-Profits 105

CPA Practice

NOVEMBER 4, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million What is the biggest document challenge your firm faces?

Rhode Island 59

Rhode Island West Virginia South Dakota North Dakota 59

CPA Practice

OCTOBER 30, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million What software or tools are you using to manage your engagements, or how does your team currently manage client engagements and reporting processes?

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

MyIRSRelief

DECEMBER 10, 2021

When it comes to matters regarding taxes and tax breaks, it’s important to know where you stand. The demand for professional tax services as of late is greater than ever before and if you’re a taxpayer yourself, you’ll instantly understand exactly why that is. Taxes for the storage, use, or consumption of items.

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