Tax season 2024: The final numbers
Accounting Today
APRIL 30, 2024
The number of individual income tax returns received rose by 16.34% in the final week of tax season.
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Accounting Today
APRIL 30, 2024
The number of individual income tax returns received rose by 16.34% in the final week of tax season.
Accounting Today
APRIL 16, 2024
The Internal Revenue Service is extending tax relief on required minimum distributions from retirement accounts not made in 2024 after providing similar relief in recent years.
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Accounting Today
JANUARY 3, 2024
Fifteen states are reducing either individual or corporate income taxes this year, with some states trimming both individual and corporate taxes, among 34 states starting the year with significant tax changes.
Accounting Today
APRIL 9, 2024
At 90,315,000, the number of individual returns received this tax season finally surpassed the same period last year, up 0.2% as of March 29, 2024.
Insightful Accountant
MAY 1, 2024
In 2024, tax tech is evolving rapidly with AI, data analytics, and blockchain. Tax pros need to adapt to these innovations for effective use.
Accounting Today
SEPTEMBER 13, 2023
Inflation-adjusted amounts in the Tax Code are predicted to increase 5.4% in 2024, according to a new report from Bloomberg Tax.
Xero
APRIL 25, 2024
Here’s why you should join us on 15-16 May at Accountex 2024. From tax to payroll – our masterclasses have you covered Our education team is bringing you masterclasses on the topics that matter most in your practice. The post Reasons to come and visit Xero at Accountex London 2024 appeared first on Xero Blog.
Accounting Today
FEBRUARY 15, 2024
New technology systems and the addition of cryptocurrency on tax forms are just some of the IRS developments to watch in 2024.
Xero
JANUARY 24, 2024
It can be tricky to keep tabs on the taxes and deductions you owe throughout the year as a small business. We’ve put together the current GST due dates for 2024 and covered some common questions from business owners on filing and paying GST. The post Staying on top of GST due dates in 2024 appeared first on Xero Blog.
Accounting Today
JANUARY 19, 2024
Companies and state tax authorities are embroiled in court cases that could have a major impact on how states handle taxes on digital advertising, online sales and transfer pricing.
Accounting Today
APRIL 25, 2024
An overwhelming 77% of registered voters in the seven states that will decide the 2024 presidential election like the idea of a billionaires tax to bolster Social Security shortfalls.
Accounting Today
JANUARY 8, 2024
million individual tax returns by the April 15, 2024, tax deadline. The agency is anticipating over 128.7
Accounting Today
JANUARY 24, 2024
Businesses are likely to see more sales tax audits in 2024 as a result of changes happening across the states, according to a new report.
Ace Cloud Hosting
APRIL 19, 2024
Tax season 2024 is ongoing, and the tax firms are busy handling their clients’ taxes. However, cybersecurity is one aspect most tax firms ignore during the tax season. Like tax.
Accounting Today
NOVEMBER 9, 2023
The service announced its annual inflation adjustments, including increases in the standard deduction and changes in tax brackets.
accountingfly
APRIL 4, 2024
Market Trends: RTO Causing Tax Pros to Head for the Door; 2024 Busy Season Freelancer Trends Tax Pros Fleeing RTO Firms Tax hiring season usually ends on December 31. So, we were surprised to see qualified tax candidates applying to Accountingfly in January and February 2024.
Ace Cloud Hosting
MARCH 15, 2024
As the calendar flips to another year, tax professionals across the country gear up for the annual ritual of tax season. The year 2024 brings with it a set of.
Accounting Today
MAY 9, 2024
Overall, a better experience, but there were still some bumps on the road to April 18.
Ace Cloud Hosting
JANUARY 14, 2024
Tax season 2024 has begun. The Internal Revenue Service (IRS) expects businesses and individual taxpayers to file over 168 million returns before April 15. Read on for a detailed view.
Xero
DECEMBER 13, 2023
To help small businesses and their advisors plan ahead, I’ve looked at separating the hype from reality to uncover the top five technology trends that may impact the small business landscape in 2024. Will it be the breakthrough technology of 2024? It seems unlikely to reach full maturity next year.
Xero
MARCH 13, 2024
These include changes to National Insurance (NI) contributions effective from 6 January (followed by a second change effective 6 April), a new Scottish tax band and holiday pay reform. Investment Zone NI categories From 6 April 2024, HMRC are introducing new NI categories for employees that work in the specified Investment Zones.
Accounting Today
AUGUST 30, 2023
1, 2024. The Internal Revenue Service is telling companies they will need to start electronically filing their forms reporting cash payments over $10,000, starting Jan.
Accounting Today
DECEMBER 27, 2023
Technology developers who serve the accounting profession share the developments they have planned for 2024.
Accounting Today
JANUARY 18, 2024
The IRS reviews all income tax brackets annually, making adjustments as necessary to balance for inflation.
Xero
MARCH 13, 2024
Evaluate your business expenses You may be able to claim business expenses in your tax return to reduce the total tax you need to pay. Take advantage of credits Depending on your business, you could be eligible for credits that can lower your tax bill. You may want to seek advice on what you could be eligible for.
Insightful Accountant
APRIL 22, 2024
The IRS released its 2024 "Dirty Dozen" list of top tax scams, cautioning taxpayers and preparers. Clients may face ERTC credit claim scams. Stay alert to protect against fraudulent claims.
Counto
FEBRUARY 5, 2024
2024 GST Rate Change – Common Questions Asked Singapore implemented its second GST rate change on 1st January 2024, and the transition from an 8% GST rate to a 9% rate posed several questions and considerations for businesses. What GST Rate Should Be Applied to Imported Goods Due to Arrive in Singapore on/after 1st January 2024?
Accounting Today
FEBRUARY 13, 2024
The Washington National Tax Office of Grant Thornton points out the most important state and local tax developments to keep an eye out for.
Insightful Accountant
JANUARY 29, 2024
The Internal Revenue Service successfully opened the 2024 tax season today by accepting and processing federal individual tax returns as the agency continues focusing on expanding options to help taxpayers.
Counto
FEBRUARY 8, 2024
Mark Your Calendar: 2024 Tax Deadlines for Singapore Businesses As we step into 2024, it’s good practice to mark your calendar for the year’s compliance deadlines. Goods and Services Tax (GST) Returns: For GST-registered companies, filing and payment are due within one month after the end of each accounting period.
Accounting Today
OCTOBER 24, 2023
The service began allowing nearly 800,000 tax preparers to renew their Preparer Tax Identification Numbers for next year.
Xero
DECEMBER 1, 2023
Following the Autumn Statement, you might be curious about the specific measures that impact Making Tax Digital (MTD). Especially since digital transformation is already underway, with Making Tax Digital for Income Tax on the horizon. Here’s a guide outlining what the announcement means for your practice and clients.
Insightful Accountant
APRIL 5, 2024
The Internal Revenue Service today advised taxpayers, including self-employed individuals, retirees, investors, businesses, and corporations about the April 15 deadline for first-quarter estimated tax payments for tax year 2024.
Counto
MARCH 4, 2024
The Future of Tax Compliance: Counto at #SFFS Fair 2024 For the second consecutive year, we were invited by the Inland Revenue Authority of Singapore (IRAS) to showcase our revolutionary AI-powered tax solutions. The post The Future of Tax Compliance: Counto at #SFFS Fair 2024 appeared first on Welcome to Counto Singapore.
Xero
NOVEMBER 11, 2022
From April 2024, self-employed people and landlords earning over £10,000 annually, will need to follow Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) rules. . In place of the annual Self Assessment , clients will need to send the following every tax year: . What MTD for ITSA means for your clients.
Accounting Today
FEBRUARY 7, 2024
Taxpayers will benefit from a reduced top marginal rate in 13 states, but in two states the rate has increased.
Counto
APRIL 17, 2024
A Guide to New FWA Guidelines for Singapore SMEs from Dec 2024 Starting December 1, 2024, Singapore will see a significant shift towards supporting flexible work arrangements (FWAs), as mandated by the newly established Tripartite Guidelines. These are set to be available from May 2024 and can be accessed through the Tafep website.
Accounting Today
APRIL 17, 2024
A phish, a mill and a stroll overseas are just three of the 12 major scams the Internal Revenue Service identified for this year's rogues gallery.
Insightful Accountant
FEBRUARY 16, 2024
Financial Cents is excited to announce the release of the 2024 State of Accounting Workflow Automation Report. This second edition study explores the experiences and challenges faced by accounting, bookkeeping, and tax firm owners.
accountingfly
APRIL 4, 2024
Salary: $80K – $85K Time zone: CT Sign up to learn more about this candidate The post Top Remote Accountants for Hire | April 4, 2024 appeared first on Accountingfly. Tech Stack: QBO, QBD, Bill.com (Certified), Gusto (Certified), automatic bank feeds, etc.
Accounting Today
JANUARY 23, 2024
An inside look at the Tax Relief for American Families and Workers Act of 2024 as it works its way through Congress.
Xero
APRIL 30, 2024
That’s why we’re refreshing our subscription plans for small businesses and partners, which will be available from 1 July 2024. Ledger — annual tax basics to help prepare and submit annual tax returns for simple non-trading clients Cashbook — bookkeeping essentials for non GST registered clients.
Accounting Today
MAY 1, 2024
Treasury Department will unveil the final version of new rules limiting a popular tax credit for electric car buyers as soon as Friday as the Biden administration races to complete regulations ahead of the November election.
Insightful Accountant
MARCH 27, 2024
The Senate Finance Committee recently held a hearing to discuss Biden’s proposed budget and tax law changes and tax pros are now speculating what those proposals may mean for the rest of 2024.
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