Going Concern

JANUARY 17, 2025

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Real Estate 52

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Going Concern

JANUARY 9, 2025

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Accountingfly can assist you!

Real Estate 52

Real Estate accounted Account accountant 52

Going Concern

JANUARY 2, 2025

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Real Estate 52

Real Estate accounted Account accountant 52

Going Concern

MARCH 13, 2025

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Real Estate 52

Real Estate Tax accounted Account 52

Withum

DECEMBER 4, 2024

Doing so may enable you to claim larger deductions, credits, and other tax breaks for 2024 that are phased out over varying levels of adjusted gross income (AGI). net investment income (NII) tax will apply depending on your modified adjusted gross income (MAGI) and NII for the year.

tax planning 52

tax planning Tax income tax tax return 52

Going Concern

JANUARY 30, 2025

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Real Estate 52

Real Estate accounted Account accountant 52

Going Concern

MARCH 6, 2025

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Tax 52

Tax Real Estate Agriculture accounted 52

Going Concern

JANUARY 23, 2025

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Real Estate 52

Real Estate accounted Account accountant 52

Canopy Accounting

DECEMBER 9, 2024

Canopy's updated guide breaks down every change, update, and addition you will need to know for the 2025 tax season. Download our latest eBook to be the best-equipped tax accountant to help clients this upcoming tax season!

Tax 52

Tax tax accountant accounted Account 52

Going Concern

FEBRUARY 13, 2025

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CPA Practice

OCTOBER 5, 2023

Beach, EA, CFP, AWMA, Kiplinger Consumer News Service (TNS) For me, the dread of tax season truly arrives when I start receiving 1099s, W-2s, 1098s, etc., A tax puzzle emerges with, sometimes, very favorable, or very unfavorable, results. A tax puzzle emerges with, sometimes, very favorable, or very unfavorable, results.

Tax 111

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CPA Practice

JULY 25, 2024

One of the goals the agency has met is adding several new features in Individual Online Account that give taxpayers the ability to: Retrieve all their tax-related information from one source, including Wage & Income Account, Record of Account, and Return transcripts.

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Going Concern

FEBRUARY 27, 2025

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Real Estate 52

Real Estate NetSuite accounted Account 52

ThomsonReuters

OCTOBER 29, 2024

The rise of continuous transaction controls (CTCs)—and the increasing number of other digital real-time controls being implemented every year—makes managing indirect tax more complex and riskier than ever. Webinar Digital transformation for end-to-end indirect tax compliance Watch on-demand That’s where digital transformation comes in.

Technology 52

Technology accounting and finance Tax accounts payable 52

Going Concern

FEBRUARY 6, 2025

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Accountingfly can assist you!

Real Estate 52

Real Estate accounted Account accountant 52

Withum

NOVEMBER 17, 2022

2022 Tax Brackets and Rates. 2022 Long-Term Capital Gains Tax Bracket. Year-End Tax Strategies for Individuals. Most of the income tax proposals in the 2021 “Build Back Better” bill did not make it into the IRA. General Income Tax Planning. DEDUCTION AMOUNT: $19,400. Taxable Income Over.

tax planning 98

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ThomsonReuters

MARCH 7, 2024

Reassessment of lease terms As businesses strive to enhance their properties, the tax implications of Qualified Improvement Property (QIP) and its associated depreciation methods can be substantial. Let’s explore the definition of QIP, the tax benefits it offers, and the various depreciation methods available to optimize tax strategy.

accounting principles 98

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Going Concern

DECEMBER 27, 2024

Friday Footnotes will return on January 3, 2025. Instead of a wrap up of the week’s accounting news (there is none), here are a few items for your consideration. Comments are open if you’d like to share your opinion on anything here, or any other relevant happenings in and around the accounting profession.

Technology 59

Technology bookkeeping public accounting accountant salary 59

CPA Practice

AUGUST 28, 2024

The Tax Increase Prevention and Reconciliation Act of 2005 repealed the MAGI limitations for IRA conversions to Roth IRAs, effective for tax years beginning after 2009. However, the Tax Cuts and Jobs Act of 2017 repealed this ability, reflecting shifting governmental attitudes toward IRAs.

Tax 115

Tax Illinois CPA income tax 115

xendoo

FEBRUARY 13, 2023

If you’re wondering how to pay less in taxes, you’re not alone. Everyone—from individuals to business owners—wants to know how to lower their taxes. Tax laws are complicated and they can change each year. Our tax accountants know all the tax breaks for business owners and how to leverage them.

Tax 59

Tax income tax Non-Profits Legal 59

xendoo

JANUARY 16, 2023

Filing taxes as a small business owner can be complex, with numerous factors to consider. From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate.

business tax 52

business tax Tax income tax payroll tax 52

Going Concern

SEPTEMBER 22, 2023

We’re seeing more of a ripple than a tsunami this year and could be in for a massive drought in 2024 and 2025. ” Said the sole practitioner, who graduated in 2019, “There are good things about the profession. So that’s where we’re at.

accounted 116

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ThomsonReuters

SEPTEMBER 7, 2023

Jump to: Child and dependent care credit FAQs What is kiddie tax? What is the adoption tax credit? Claiming children on taxes Choosing the best tax preparation software As all working parents know, the cost of child and dependent care can be a significant financial burden.

Tax 52

Tax income tax tax preparation tax return 52

Cherry Bekaert

JANUARY 18, 2024

This was to address instances where taxpayers may have been required to amend a tax return that was filed before or shortly after Notice 2023-63 was issued. 2023-24 annual list of automatic accounting method changes. Automatic accounting method changes filed for the 2022 tax year under Rev. Specifically, Rev.

tax return 89

tax return Tax accounted Account 89

Withum

OCTOBER 11, 2023

The Internal Revenue Service (“IRS”) released Notice 2023-63 , on September 8, 2023, providing guidance surrounding the requirement to capitalize Section 174 research and experimental (“R&E”) expenditures for the 2022 taxable year.While many tax accountants and business professionals welcome the additional guidance, the timing was not ideal.

income tax 80

income tax Tax accounting standards accounting and finance 80

Shay CPA

OCTOBER 21, 2024

The state of New York offers some serious tax perks for tech startups operating within its borders. Specifically, if you can get certified as a qualified emerging tech company (QETC), you and your investors can claim some meaningful credits to lower your tax liability. And that could mean some notable tax savings.

New York 52

New York Technology income tax corporation tax 52

Anders CPA

MAY 25, 2023

Provisions Effective January 1, 2024 Aged-Based Catch-Up Contributions   Update Currently, catch-up contributions can be made on either a pretax basis or an after-tax basis if they are permitted by the plan. requires their catch-up contributions to be treated as after-tax contributions. SECURE Act 2.0

Education 52

Education audit Tax income tax 52

CPA Practice

NOVEMBER 9, 2023

Thomson Reuters, a global content and technology company, has added several updates to its suite of tax, accounting and audit products, it announced at its annual customer event, SYNERGY. Automating tax and audit workflows “Tax industry professionals struggle with the increased pace of regulatory change and hiring challenges.

Technology 52

Technology corporation tax tax preparation auditor 52

Withum

DECEMBER 23, 2023

Small business owners have been suffering in recent years with various federal tax laws impeding their ability to operate and grow. Congressional leaders went home this week for winter recess so there is no way for a tax extender bill to be passed in 2023, but there remains a glimmer of hope for action in early 2024. Ensuring the U.S.

Pharmaceutical 52

Pharmaceutical accounting and finance Tax Government 52

CPA Practice

AUGUST 19, 2024

The Tax Increase Prevention and Reconciliation Act of 2005 repealed the MAGI limitations for IRA conversions to Roth IRAs, effective for tax years beginning after 2009. However, the Tax Cuts and Jobs Act of 2017 repealed this ability, reflecting shifting governmental attitudes toward IRAs.

Tax 52

Tax CPA Illinois income tax 52

Shay CPA

NOVEMBER 14, 2023

The state of New York offers some serious tax perks for tech startups operating within its borders. Specifically, if you can get certified as a qualified emerging tech company (QETC), you and your investors can claim some meaningful credits to lower your tax liability. And that could mean some notable tax savings.

New York 52

New York Technology Delaware corporation tax 52

ThomsonReuters

JUNE 10, 2021

Summertime Tax Tips. Let’s go over a few summertime tax tips for payroll professionals this season: 1) Interns. Biden Administration issues tax proposals “Green Book.” The Department of the Treasury has issued detailed information about the Biden Administration’s tax proposals for fiscal year 2022 in its “ Green Book.”

payroll 98

payroll Vermont Tax Connecticut 98

Menzies

SEPTEMBER 27, 2024

Often these E-Invoices are issued via a central interface (often government managed) to legitimise the invoice and automatically store it within both the issuing and receiving entity’s tax account. Drivers – for tax authorities The advantages of e-invoicing and real-time VAT data for tax authorities are clear.

chartered accountant 52

chartered accountant Government Tax tax accountant 52

Menzies

SEPTEMBER 27, 2024

Often these E-Invoices are issued via a central interface (often government managed) to legitimise the invoice and automatically store it within both the issuing and receiving entity’s tax account. Drivers – for tax authorities The advantages of e-invoicing and real-time VAT data for tax authorities are clear.

chartered accountant 52

chartered accountant Government Tax tax accountant 52

Menzies

SEPTEMBER 27, 2024

Often these E-Invoices are issued via a central interface (often government managed) to legitimise the invoice and automatically store it within both the issuing and receiving entity’s tax account. Drivers – for tax authorities The advantages of e-invoicing and real-time VAT data for tax authorities are clear.

chartered accountant 52

chartered accountant Government Tax tax accountant 52

TaxConnex

OCTOBER 22, 2024

There’s always something changing in the world of sales tax. Alaska’s Remote Seller Sales Tax Commission confirms that the state will join the growing number of jurisdictions to repeal the transaction count requirement for determining economic nexus, effective next year. Here’s a review of some of the recent updates. Another one down.

Sales 147

Sales Tax Alaska Nebraska 147

Withum

DECEMBER 4, 2024

The corporate tax rate is currently a flat 21% rate. There is also a 15% corporate alternative minimum tax (CAMT) based on book income for companies with average annual adjusted financial statement income exceeding $1 billion. Please work with your tax advisor for future planning.

Tax 105

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