Accounting/Taxation

What are the four basic principles that help with the accounting for sales taxes? Tax fairness is a primary consideration in evaluating state and local tax systems. But there are other important criteria that must also be considered. This section explains five of the most commonly cited tax policy principles: equity, adequacy, simplicity, exportability, and … Read more

What is considered a midsize CPA firm? For some graduates, a midsize firm – one that employs about 11 to 21 CPAs – provides the ideal balance. CPAs who work at midsize firms share what it’s like and why this path is worth considering: Variety of tasks. Read more on www.thiswaytocpa.com CPA businesses come in … Read more

Do I need accountant for sales tax? Thus, the necessity for a deeper knowledge of the subject has become increasingly important. Therefore, if your small business sells tangible personal property, you should employ an accountant with expertise in reporting sales and use taxes. Read more on www.calcpa.org Any firm must consider sales tax because it … Read more

Can I deduct annual report fee? If they are an annual fee, yes they are tax deductible. Read more on quickbooks.intuit.com You might be wondering if you can deduct your annual report fee from your taxes if you operate a business in Massachusetts. Sadly, the response is no. Annual report costs are not deductible from … Read more