Effective 2023, Indiana has increased the state tax credit available for contributions to an Indiana CollegeChoice 529 account. The credit has increased from $1,000 ($500 for married filing separately) to $1,500 ($750 for married filing separately). The credit is equal to 20% of the contributions into a CollegeChoice 529 for the year up to the […]
2023 Indiana Payroll Withholding Notices Within the last week we’ve had several clients receive payroll tax notices via INTIME from the Indiana Department of Revenue (IDR) and we are alerting you about an issue we’ve become aware of regarding the filing of your Indiana WH-1s. Some clients are receiving notices from IDR stating their 2023 […]
Effective 2023, Indiana has increased the state tax credit available for contributions to an Indiana CollegeChoice 529 account. The credit has increased from $1,000 ($500 for married filing separately) to $1,500 ($750 for married filing separately). The credit is equal to 20% of the contributions into a CollegeChoice 529 for the year up to the […]
Intuit is making important changes to QuickBooks Desktop subscriptions during 2024. Below we have summarized those changes and listed possible actions to prepare for the upcoming changes. After July 31, 2024, Intuit will no longer sell new subscriptions to new purchasers of the following Desktop products in the US: What is not changing: What actions […]
The Corporate Transparency Act (CTA) was enacted to create more transparency in the ownership of entities as a way to reduce tax fraud, money laundering and other illegal activities. As part of the CTA, a new reporting form was created for certain entities to file to report the owners or individuals with substantial control over […]