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Understanding use tax

TaxConnex

Because of the level of complexity in adhering to these use tax notification requirements, many businesses simply registered for sales tax and started collecting and remitting the applicable sales tax. Two types of use tax. California state income tax return.”.

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Shutting Down a Tech Company – Some Tax/Accounting Tips

Shay CPA

Specifically, you should look at: Payroll accounts, including withholding, Department of Labor, and state unemployment insurance accounts. Sales tax accounts. State franchise and income tax accounts. Washington. File away R&D tax credit and pandemic aid documentation. Workers’ compensation.

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How to Efficiently Complete a Business Personal Property Rendition

CPA Practice

As the Washington State Department of Revenue explains, “ the characteristic that distinguishes real and personal property is mobility.” Review your property tax accounts First, it’s important to become familiar with all your property tax accounts so you can plan your return activities accordingly.

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Payroll Taxes Demystified: A Breakdown for Accountants and CPAs Serving Business Owners

CPA Practice

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.

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Enrolled Agent Near Me: Comprehensive Tax Services for Individuals and Businesses

MyIRSRelief

Get help today by calling us at 1-877-78-TAXES [1-877-788-2937]. Personal Tax Preparation Personal tax preparation is one of the most common services provided by Enrolled Agents. This service involves preparing and filing individual tax returns, ensuring that all income, deductions, and credits are accurately reported.

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Nonprofit 990 Tax Compliance: Navigating Challenges with an Enrolled Agent

MyIRSRelief

Navigating the maze of 990 nonprofit tax compliance requires a thorough understanding of both federal and state tax laws. Enrolled Agents, with their expertise in tax regulations and dedicated focus on tax accounting, are invaluable allies for nonprofits. Q: My nonprofit is tax-exempt. A : Not quite!

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Business Tax Rates: How Much Do Small Businesses Pay in Taxes?

xendoo

The IRS taxes corporations as separate legal entities, which opens them up to double taxation. The IRS then taxes them at the corporate income tax rate. Shareholders still must file their personal income tax returns and report the corporate dividends and capital gains they get as part of their taxable income.