CPA Practice

JANUARY 29, 2024

It’s back to regular IRS deadlines this year, but with a new tool for many low- and moderate-income households: a service that will prepare and file their tax returns online for free. That sort of virtual hand-holding is similar to what you’d get by using commercial tax preparation software.

tax preparation 105

tax preparation South Dakota tax return Arizona 105

inDinero Tax Tips

MARCH 2, 2023

That means you must disclose any cryptocurrency trading activity conducted over the past year on your tax return. Taxpayers are required to report all cryptocurrency transactions, including buying, selling, and trading, on their tax returns. How Do Businesses Report Capital Gains Tax on Cryptocurrency?

Tax 98

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Anders CPA

MAY 23, 2023

Take note that nine states do not have a state income tax, so it is unnecessary to withhold funds in Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming. Some states, on the other hand, tax all income of their residents, including wages earned for work completed in another state.

payroll tax 98

payroll tax payroll Rhode Island South Dakota 98

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

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inDinero Tax Tips

APRIL 20, 2021

From startups to public enterprises, your bottom line is affected by your state of incorporation’s corporate income tax, excise (sales and use) tax, sales tax , physical and economic nexus tax, franchise tax, and gross income tax. Final payment on the remaining balance of franchise tax over $5,000 owed.

Delaware 58

Delaware Wyoming Nevada Oregon 58

Going Concern

SEPTEMBER 1, 2023

Law & Order Co-Owner of Media Brokerage Firm Pleads Guilty to Filing a False Tax Return [ Department of Justice ] According to court documents and statements made in court, Susan K. Despite receiving the completed and accurate tax returns from the accounting firm, Patrick did not file them with the IRS.

accounted 111

accounted Account accountant audit 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. 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

Withum

DECEMBER 4, 2024

Consider relocating your residency and domicile for the purpose of reducing or eliminating your state income tax. For example, common states where people move to reduce state income taxes are Florida, Texas, Wyoming, and Nevada. Consider contributing to a health savings account (HSA).

tax planning 52

tax planning Tax income tax tax return 52

Going Concern

FEBRUARY 23, 2024

Top Remote Accounting Candidates: February 22, 2024 Law & Order Co-Owner of Media Brokerage Firm Sentenced for Filing False Tax Returns [ Department of Justice ] According to court documents and statements made in court, Susan K.

CPA 105

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CPA Practice

APRIL 19, 2024

Economic nexus and marketplace laws are subject to change As per usual where sales tax is concerned, thresholds and other aspects of both economic nexus and marketplace facilitator laws are subject to change. Wyoming is dropping its transaction threshold as of July 1, 2024. Wyoming allows it but doesn’t require it.

Tax 59

Tax Wyoming Alaska Louisiana 59

inDinero Tax Tips

APRIL 11, 2023

From startups to public enterprises, your bottom line is affected by your state of incorporation’s corporate income tax, excise (sales and use) tax, sales tax, physical and economic nexus tax, franchise tax, and gross income tax. Final payment on the remaining balance of franchise tax over $5,000 owed.

Delaware 52

Delaware Nevada Sales Oregon 52

inDinero Tax Tips

MARCH 2, 2023

That means you must disclose any cryptocurrency trading activity conducted over the past year on your tax return. Taxpayers are required to report all cryptocurrency transactions, including buying, selling, and trading, on their tax returns. How Do Businesses Report Capital Gains Tax on Cryptocurrency?

Tax 52

Tax income tax South Dakota tax return 52

ThomsonReuters

DECEMBER 7, 2022

To help accounting professionals, especially those entering the profession, this article will explore how fiduciary income tax is different from estate tax, who files a fiduciary tax return, what defines estates and trusts, and more. What is fiduciary tax? Who files a fiduciary tax return?

Tax 59

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xendoo

JANUARY 16, 2023

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.

business tax 52

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Snyder

FEBRUARY 12, 2023

From their side, the employer is responsible for: Paying their share of payroll taxes; Depositing tax dollars withheld from the employees’ paychecks; Preparing reconciliation reports; Accounting for the payroll expense; Filing payroll tax returns. To learn more about income taxes check our blog → Click here.

payroll tax 52

payroll tax payroll Tax income tax 52

Withum

NOVEMBER 17, 2022

For example, common states where people move to reduce state taxes are Florida, Texas, Wyoming, and Nevada. Other cost segregation services include: Look-back studies to recapture depreciation deductions from prior tax years without amending your tax return. Repair and maintenance studies.

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tax planning Tax Construction income tax 98

CPA Practice

MARCH 12, 2024

After several weeks of testing , the IRS said on Tuesday that eligible taxpayers in 12 states can now use its new Direct File service to submit their tax returns online for free directly with the agency. This includes 5.2 million in California, 3.8 million in Texas, 2.8 million in New York, 2.4 million in Florida, and 1.1

South Dakota 108

South Dakota income tax tax return Arizona 108