Business and Accounting Technology

Understand how New York determines tax residency based on physical presence. Learn the key distinctions that can subject your worldwide income to full NY state tax.

Gain a clear understanding of the tax implications when selling property in Maine, from how federal and state rules interact to your final reporting duties.

An unpaid retirement loan can be a taxable event or an actual distribution. Understand the critical distinctions between a deemed distribution and a loan offset.

Your state tax burden in Oregon vs. California depends on more than just the rates. Explore the key factors that shape your final tax obligation.

Explore the conditions that allow members of a religious group to opt out of Social Security and Medicare taxes in exchange for waiving all future benefits.

Learn the mechanics of Massachusetts withholding, from how employee information guides employer calculations to the final remittance to the state.

Understand the standard IRS cost recovery system for residential rental property to properly calculate this essential annual tax deduction.

Learn the correct accounting and tax procedures for business drinking water expenses to ensure accurate books and maximize your available deductions.

Discover the required W-2 reporting process for S Corp shareholder health insurance, ensuring the benefit is properly deducted on the owner’s personal tax return.

Learn how federal guidelines for business travel expenses account for cost variations by location, simplifying tax deductions and reimbursements.

Explore the framework of the Puerto Rico excise tax, a key consideration for entities introducing goods or services into the jurisdiction for consumption.

Navigating Georgia’s TAVT on a new car? See how taxable value is set and how trade-ins or rebates can lower the final amount you owe at the dealership.

Explore the standard methods and accelerated options for claiming tax deductions on business property with a five-year recovery period.

Understand California’s new 11% excise tax on firearms and ammunition, its effect on final sale prices, and the new compliance requirements for retailers.

The distinction between net and gross income for Social Security is nuanced. Learn how your earnings are assessed in different financial contexts.