531, enacted in April 2022, Mississippi continues reducing its flat individual income tax rate. Effective January 1, 2025, the tax rate goes down from 4.7 percent to 4.4 percent (applied on taxable income exceeding $10,000). 521 was enacted, retroactively reducing Idaho’s individual and corporate income tax rates from 5.8 to 5.695 percent as of January … Read more
The advantages and disadvantages of using TurboTax over a CPA involve your willingness to work with financial numbers and the amount of time you online bookkeeping have. With the exception of a simple return, it takes 4-5 hours of work for most people to complete their tax forms and file. If you don’t have that … Read more
This year, the best payroll tools help accountants stay accurate, save time, and grow with ease. Below are five standout platforms that make managing payroll a breeze, so you can focus on advising clients, not chasing timesheets. Core payroll software functions can include payroll recordkeeping, tax filing and payments, payroll compliance and onboarding assistance. Payroll … Read more