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TaxAssist and Intuit QuickBooks forge Strategic Alliance

Accounting Insight

New collaboration will drive practice efficiency, ahead of the MTD for Income Tax mandate TaxAssist Accountants is pleased to announce a new strategic alliance with Intuit QuickBooks , which recognises TaxAssist as an important growth ally.

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ShareFile Unveils New Innovations to Transform Accounting Workflows

CPA Practice

In a ShareFile survey , 56% of accounting firms said that time-consuming, manual administrative work is a leading challenge. By addressing these manual tasks and other common inefficiencies through automated and streamlined processes, ShareFile is transforming the way accountants manage their work and deliver great client experiences.

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Significant Changes to the Economic Injury Disaster Loan (EIDL) Program Announced by the SBA

KROST

New applicants or loans less than $500,000: Federal Income Taxes. Submit a loan modification request to receive up to $2 million. Receive a decision after October 8, 2021, or within 6 weeks of application submission. Required Documents. IRS Form 4506-T. Loan modification requests over $500,000. ODA Form P-022 – Standard Resolution.

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IRS Chief Lays Out Plans for New Leadership Structure

CPA Practice

During his career, Corbin has acquired an extensive background in IRS campus operations from 10 years in submission processing, three in accounts management, six in compliance services, and three in taxpayer advocate services, as well as numerous executive assignments across the agency. Corbin began his IRS career in 1986.

Tax 114
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Taxes on retirement income: Help for accountants advising clients

ThomsonReuters

As an accountant, advising your clients on retirement income taxes and related strategies can help them to optimize their financial planning in their golden years. Let’s take a look at some commonly asked questions on retirement income taxes and how your firm can best advise clients as they approach their retirement years.

Tax 52
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Taxpayer Advocate Delivers Annual Report to Congress, Identifies Top 10 Problems with Agency

CPA Practice

The report says the IRS virtually eliminated its backlog of unprocessed original individual income tax returns (Forms 1040) and substantially improved telephone service. Delays in processing amended tax returns and taxpayer correspondence. million users accessed individual online accounts. That’s just over 10%. “To

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Accounting for Startups

inDinero Accounting

With teams in different jurisdictions, there will be different tax and labor laws you will need to follow. Accounting management gets messy as your team and clientele spread across the country or globe. As a result, the first few years may see negative returns, and hence no income tax liability.