BOI reporting opens; Offender of the Year; state extensions; and other highlights from our favorite tax bloggers.
The fun begins
- Current Federal Tax Developments (
https://www.currentfederaltaxdevelopments.com/ ): Let the bells ring out: FinCEN has opened the website to accept BOI reporting for the Corporate Transparency Act. - Global Taxes (
https://www.globaltaxes.com/blog.php ): For the BOI of the CTA, what they NTK as the storm begins. - Taxable Talk (
http://www.taxabletalk.com/ ): And speaking of long-awaited, many try, few are chosen: The Tax Offender of the Year is here, along with a generous mention for the runners up. - TaxConnex (
https://www.taxconnex.com/blog- ): How to help e-commerce clients kick the year off right with a solid estimation of their sales tax obligations. - Avalara (
https://www.avalara.com/blog/en/north-america.html ): Sales tax rate changes that came in with 2024. - Taxing Subjects (
https://www.drakesoftware.com/blog ): What to remind them about the forms they'd better start collecting. - Don't Mess with Taxes (
http://dontmesswithtaxes.typepad.com/ ): The best financial and tax moves for this new year, including getting a grip ahead of time on estimated taxes (a levy more may face in our gig economy). - Turbotax (
https://blog.turbotax.intuit.com ): What states have filing and other extensions heading into 2024, courtesy of 2023's numerous natural disasters.
Go into sales
- Vertex (
https://www.vertexinc.com/resources/resource-library/filter/field_asset_type/blog?page=0 ): How to help them pick the right tech to head off sales tax audits. - Peisner Johnson (
https://peisnerjohnson.com/blog/ ): When does sales tax loom for rentals? - Taxjar (
https://www.taxjar.com/resources/blog ): Does Nevada charge sales tax on services? - John R. Dundon II EA (
https://www.johnrdundon.com/ ): A look at Colorado's new system for employers to pay premiums and file wage reports online.
Moving forward
- Boyum & Barenscheer (
https://www.myboyum.com/blog/ ): Sponsorship and advertising dollars can provide a boost to your NFT client. But a "substantial benefit" or benefits that aren't a related business activity can put your clients on the hook for unrelated business income tax (UBIT). A look at what is and isn't taxable. - The Buzz About Taxes (
http://thebuzzabouttaxes.com/ ): Do your clients who work abroad need to file a state tax return? Depends on these factors. - Taxbuzz (
https://www.taxbuzz.com/blog ): What to remind them about the pluses and minuses (tax and otherwise) of converting a business entity. - Gordon Law (
https://gordonlawltd.com/blog/ ): What to remind affected clients of the importance of filling out an 8858. - HBK Insights (
https://hbkcpa.com/insights/ ): How will rising interest rates impact the overall M&A market in what promises to be another record year in the activity? - Sikich (
https://www.sikich.com/insights/ ): You're hiring for a new role at your firm where someone will oversee four employees. You find a dandy candidate: charismatic, brimming with ideas and with a deep background. But she's never had direct reports in prior roles. Does this deter you from moving forward with her as a candidate?