Maria Murphy
Maria L. Murphy is a CPA and freelance writer. She is a writer and editor for Thomson Reuters Checkpoint and a frequent contributor to the AICPA’s Journal of Accountancy and CPA Insider. She writes content for corporate websites, newsletters, blogs, and press releases. She spent her career in public accounting and private industry controllership, with extensive experience in accounting, auditing, quality control, and SEC reporting. Her passion is translating technical subjects into user-friendly language and getting readers excited about financial and compliance topics. She lives in North Carolina with her husband and their two Maltese pups.
More From This Author
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Everything a CPA Can Do for Your Business Besides Tax Prep
When business owners think about services CPAs can provide, preparing tax returns may be on the top of their lists. There are a number of other services CPAs offer that are relevant and can be very helpful.
· 3 min read
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What Is the IRS Standard Mileage Rate?
The Internal Revenue Service issued the standard mileage rates to be used to calculate deductible costs of using a car for business, charitable, medical, or moving purposes.
· 2 min read
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What Is Modified Adjusted Gross Income (MAGI)?
Modified adjusted gross income is an IRS income measurement used to determine taxes due and your eligibility for certain benefits and government programs.
· 3 min read
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What Is a Tax Levy?
If you receive a tax bill from the IRS but do not pay your taxes or make any arrangements to settle your tax liability, you could face the risk of a levy. The IRS can seize your assets to pay the taxes you owe.
· 5 min read
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6 Qualities Business Owners Need in a Tax Preparer
Business owners need tax preparers they are comfortable with and can trust to help them comply with tax rules while minimizing taxes. Anyone can claim to be a tax preparer, so it's important to identify qualities important to you.
· 4 min read
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What Are Federal Tax Brackets?
Different levels of income are taxed by the U.S. government at different rates. The IRS uses federal tax brackets to determine the rate to be paid on each level of taxable income.
· 1 min read
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Excise Taxes: Does Your Business Need to File a Federal Excise Tax Return?
Find out if your business needed to file a federal excise tax return.
· 3 min read
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Understanding Federal Payroll Tax Payments, Including FUTA and SUTA
Understanding how FUTA and SUTA work with federal payroll tax payments is an important part of protecting your business and employees.
· 4 min read
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State Tax Apportionment
Apportionment divides business income subject to state corporate income or other business taxes to jurisdictions based on formulas to determine taxes due in each state. Incorrect apportionment can result in incorrect payments and state tax audits.
· 4 min read
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Which Tax Services Can Help My Business Succeed?
Small business requirements for tax services vary based on the size and nature of your business. Here are a few you should consider.
· 3 min read
