The Evolution of Nexus and its Implication for Income Tax
Although Wayfair was strictly a sales tax case, states have also begun to assert economic nexus for income tax purposes. Unlike sales tax, currently only a handful of states...
Although Wayfair was strictly a sales tax case, states have also begun to assert economic nexus for income tax purposes. Unlike sales tax, currently only a handful of states...
Recently announced findings from a survey of 1,200 small business owners conducted by Wave revealed some troubling signs for small business owners.
Founded by Perry Ghilarducci in 1985, Avaunt Ltd. focuses on serving businesses in the restaurant and hospitality space, as well as medical industry practices and professionals.
Based in Frankfort, Ill., DeMarco Sciaccotta Wilkens & Dunleavy LLP has been serving clients since 2009, particularly in the broker-dealer space and...
In addition to providing full-service accounting services such as accounting and auditing, tax, advisory, and client accounting services, the firm operates seven portfolio companies ...
The new integration for Sage Intacct bolsters Wipfli’s ability to serve as a trusted advisor for healthcare organizations as they seek to streamline operations and consolidate operational, clinical ...
The CP14, which is required by law to be issued within 60 days after the IRS assesses a tax liability, is the most common IRS notice sent to taxpayers, according to the Taxpayer Advocate Service, and requests payment within 21 days. The reason why taxpayers have a balance due can be related to a number of issues, such as failing to report some income or failing to pay a balance in full, Tiffany Gonzalez, CPA, CEO of Miami-based accounting firm Accounting to Scale, stated last week on LinkedIn.
It used to be that receiving a Form 1099-K was relatively rare. The form, technically known as Form 1099-K Payment Card and Third-Party Network Transactions was used to report payments received from various third-party resources. Prior to 2022, the monetary threshold to receive a 1099-K was $20,000, with 200 sales-related transactions required. Both requirements had to be fulfilled in order to receive a 1099-K.