Going Concern

NOVEMBER 7, 2024

Ignition has released its 2024 US Accounting and Tax Pricing Benchmark report and it reveals that the 325 Ignition customers surveyed are going all-in on fee increases in 2025. 57% of accounting firms plan to increase fees across all services in 2025. 57% of accounting firms plan to increase fees across all services in 2025.

cost accounting 115

cost accounting accounting firms Account accounted 115

Accounting Today

DECEMBER 18, 2023

Individual partners and individual shareholders of S corps can now get a business tax account.

tax accountant 130

tax accountant business tax Tax Account 130

LSLCPAs

JANUARY 9, 2025

Accounting is more than just number-crunchingit’s the foundation of your financial stability and success. Yet, for many individuals and businesses, poor accounting practices lead to unnecessary stress, missed opportunities, and even costly tax consequences.

tax return 52

tax return business tax Tax Account 52

CPA Practice

OCTOBER 25, 2023

20 that it has launched new business tax accounts , with the initial version geared toward sole proprietors. As part of its continuing effort to improve taxpayer services and make the agency more technology-friendly, the IRS said on Oct.

tax accountant 111

tax accountant business tax Tax Account 111

Withum

DECEMBER 18, 2024

Finance teams planning for their year-end financial statement audit have an even longer list of things to think about at the end of the year, including income statements, balance sheets, and, finally, the income tax provisions and disclosures that must be presented in the financial statements.

Tax 122

Tax auditor financial statements income tax 122

CPA Practice

DECEMBER 18, 2023

The Internal Revenue Service has launched the second phase of a new online self-service tool for businesses that expands business tax account capabilities and eligible entity types. Available at IRS.gov/businessaccount , the new business tax account is a key part of the agency’s continuing service improvement initiative.

tax accountant 126

tax accountant business tax Tax Account 126

MyIRSRelief

MARCH 29, 2024

In the bustling city of Whittier, California, businesses face a myriad of tax-related challenges that can significantly impact their operations and financial health. From business tax preparation to dealing with unpaid back taxes and navigating complex audits, the tax landscape can be daunting.

California 130

California tax services business tax Tax 130

Accounting Today

NOVEMBER 3, 2023

The service's development of its newly introduced business tax accounts and recent improvements in its tax pro accounts could be jeopardized if funding is cut.

business tax 119

business tax Tax Account accounted 119

CPA Practice

AUGUST 22, 2024

The IRS said earlier this week that it’s continuing to expand features within its online self-service tool for businesses, launched last October as part of the agency’s service improvement initiative funded under the Inflation Reduction Act. What can business taxpayers do now? Request a tax compliance check. Who can use BTA now?

tax accountant 109

tax accountant business tax Tax Account 109

inDinero Accounting

OCTOBER 17, 2024

For small business owners and startup founders, navigating the complex world of tax deductions can feel like traversing a financial minefield. The IRS allows businesses to deduct a wide range of “ordinary and necessary” expenses, but the devil, as they say, is in the details.

business tax 52

business tax Tax bookkeeping bookkeeping services 52

MyIRSRelief

DECEMBER 1, 2020

As ruthless as the IRS can be, they aren’t completely heartless and they themselves know that businesses can’t be expected to hand over unreasonable amounts of profit every time they file their tax returns. Below we’ll be listing 6 useful planning tips from tax experts that will help you to save on your business taxes.

business tax 147

business tax Tax tax return accrual accounting 147

RogerRossmeisl

DECEMBER 15, 2024

A solo 401(k), also known as an individual 401(k), may offer advantages in terms of contributions, tax savings and investment options. These accounts are geared toward self-employed individuals, including sole proprietors, owners of single-member limited liability companies, consultants and other one-person businesses.

CPA 229

CPA Tax Account accounted 229

Accounting Today

OCTOBER 20, 2023

The Internal Revenue Service is making improvements to its online tax professional accounts and hiring more accountants as it ramps up enforcement.

business tax 143

business tax tax accountant audit Tax 143

RogerRossmeisl

DECEMBER 12, 2020

As a result, your business may be interested in providing some of these benefits through an employer-sponsored Health Savings Account (HSA). It’s a good time to review how these accounts work since the IRS recently announced the relevant inflation-adjusted amounts for 2021. Or perhaps you already have an HSA.

Account 246

Account accounted accountant CPA 246

RogerRossmeisl

OCTOBER 13, 2024

As appearing at the IRS web page entitled “IRS Audits” An IRS audit is a review/examination of an organization’s or individual’s books, accounts and financial records to ensure information reported on their tax return is reported correctly according to the tax laws and to verify the reported amount of tax is correct.

audit 262

audit tax return CPA Tax 262

MyIRSRelief

OCTOBER 4, 2024

Filing taxes can be a daunting task, whether you are an individual or a business owner. This article will guide you through the process of correcting errors on your tax return, provide instructions on filing amended returns , highlight common mistakes to avoid, and explain how our tax firm can professionally assist you.

tax return 130

tax return business tax Tax income tax 130

CPA Practice

NOVEMBER 20, 2023

(TNS) The new business tax account from the IRS , unveiled in late October, is expected to expand next year with a slate of new features that should make tax time a little smoother for entrepreneurs. They can actually give their accountant access to the account, but it’s pretty limited to that.”

tax accountant 124

tax accountant business tax Tax Account 124

MyIRSRelief

DECEMBER 1, 2020

As ruthless as the IRS can be, they aren’t completely heartless and they themselves know that businesses can’t be expected to hand over unreasonable amounts of profit every time they file their tax returns. Below we’ll be listing 6 useful planning tips from tax experts that will help you to save on your business taxes.

business tax 130

business tax Tax tax return accrual accounting 130

MyIRSRelief

DECEMBER 15, 2022

How to fix my messy back-years accounting for my Los Angeles, CA business? If you have messy books for many back years of accounting, it can be overwhelming to try to organize and clean them up. This might include accounting software, a financial calculator, and reference materials such as tax guides or accounting textbooks.

tax accountant 130

tax accountant Tax Account accounted 130

RogerRossmeisl

NOVEMBER 16, 2021

With the increasing cost of employee health care benefits, your business may be interested in providing some of these benefits through an employer-sponsored Health Savings Account (HSA). For eligible individuals, an HSA offers a tax-advantaged way to set aside funds (or have their employers do so) to meet future medical needs.

payroll tax 221

payroll tax Account accounted accountant 221

RogerRossmeisl

APRIL 21, 2022

Current retirement plan rules allow for significant tax-deductible contributions. If you’re employed by your own corporation, up to 25% of your salary can be contributed to your account, with a maximum contribution of $61,000. More options Other small business retirement plan options include: 401(k) plans, which can even be.

Tax 240

Tax income tax CPA Account 240

RogerRossmeisl

JUNE 19, 2023

The IRS recently released guidance providing the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs). HSA fundamentals An HSA is a trust created or organized exclusively for the purpose of paying the “qualified medical expenses” of an “account beneficiary.” Inflation adjustments for.

Account 236

Account accounted accountant CPA 236

ThomsonReuters

NOVEMBER 26, 2024

If there is one thing accountants and tax preparers know for sure, it’s that an efficient tax workflow is key to remaining competitive in an increasingly digital tax and accounting landscape. To achieve this, many forward-looking accountants and tax preparers are shifting toward a fully digital tax workflow.

accounting firms 52

accounting firms Technology Tax tax preparation 52

Accounting Today

DECEMBER 12, 2024

The Internal Revenue Service is adding more features to the Tax Pro Account, Business Tax Account and Individual Online Account, and starting a new enforcement campaign.

Tax 118

Tax Account accounted accountant 118

Patriot Software

NOVEMBER 9, 2022

As a small business owner, you probably spend a lot of time and money on taxes. But, not all businesses have to pay taxes. Have you ever wondered, “Is my business tax exempt?” There are rules you have to follow for tax-exempt status set by the IRS.

business tax 98

business tax Tax accountant accounted 98

Xero

JULY 3, 2022

This is a guest post by accountant Daniel Hardy of Xero Platinum Partner firm Caveo Partners. Recently, Caveo Partners was named the best boutique firm of the year at the Australian Accounting Awards. . With a new financial year upon us, you might be thinking, what’s next for my small business? Your accountant or bookkeeper. .

business tax 111

business tax Tax bookkeeping accounting and finance 111

RogerRossmeisl

JANUARY 4, 2023

If you’re considering converting your C corporation to an S corporation, be aware that there may be tax implications if you’ve been using the last in, first out (LIFO) inventory method. Consider computing in advance what the tax on this recapture would be and to see what planning steps might be taken to minimize it.

Tax 235

Tax CPA Account accounted 235

RogerRossmeisl

JUNE 24, 2024

The IRS recently released guidance providing the 2025 inflation-adjusted amounts for Health Savings Accounts (HSAs). Fundamentals of HSAs An HSA is a trust created or organized exclusively for the purpose of paying the qualified medical expenses of an account beneficiary. Within specified dollar limits, an above-the-line.

Account 255

Account accounted accountant CPA 255

MyIRSRelief

APRIL 29, 2024

But for these go-getters, navigating the complexities of running a business, especially the ever-challenging world of taxes and accounting, can feel overwhelming. This is where specialized tax and accounting firms step in, becoming a crucial partner for small businesses with under 100 employees.

Tax 130

Tax bookkeeping Entertainment Account 130

Patriot Software

FEBRUARY 21, 2024

There might come a time when you need to hire a business tax attorney. An experienced business tax attorney can help you structure your company, dispute legal challenges involving taxes, and more. Do you need to hire a tax lawyer for your business?

business tax 103

business tax Tax Legal accountant 103

xendoo

JANUARY 17, 2022

As a business owner, how do you go about filing personal and business taxes with the IRS? The answer to this question actually depends on the way your business is structured, so there’s not a one-size-fits-all approach to filing small business taxes. Are Business Taxes and Personal Taxes FiledTogether?

business tax 105

business tax tax return Tax tax preparation 105

Withum

JUNE 1, 2022

Unfortunately, a deteriorated supply chain and increased inflation most likely will increase the tax bill for businesses that use the LIFO method of accounting. These layers compound over time and create a significant tax deferral. billion in taxes for the industry in 2022. Let’s review a simple example.

business tax 119

business tax Tax income tax tax return 119

CPA Practice

AUGUST 23, 2023

When it comes to a corporation’s relationship with its accounting firm, the firm itself is less important than the partner who leads its engagement team in lowering its tax rate, according to a new study from Iowa’s Tippie College of Business. The answer is that it’s the partner that matters much more than the accounting firm.”

business tax 98

business tax Tax North Carolina tax preparation 98

Nancy McClelland, LLC

JANUARY 12, 2025

It’s tax time, you’re digging through your records… and your preparer or tax software asks about tax payments you’ve already made. “What is an IRS Account Transcript and Why Do I Need One?” Initially, this was to confirm the amounts of stimulus payments and child tax credit payments.

Tax 52

Tax tax return Account accounted 52

RogerRossmeisl

JUNE 5, 2022

The IRS recently released guidance providing the 2023 inflation-adjusted amounts for Health Savings Accounts (HSAs). HSA basics An HSA is a trust created or organized exclusively for the purpose of paying the “qualified medical expenses” of an “account beneficiary.”

Account 243

Account accounted accountant CPA 243

Snyder

FEBRUARY 7, 2023

Tax liability is an inevitable part of running a business. Every year business owners have to bear the burden of the tax season, paying taxes for income, payroll, property, sales, and so on. In total, nearly 30% of a business’ income is needed to cover all tax payments. What is a 100% tax deduction?

business tax 98

business tax Tax Real Estate Legal 98

MyIRSRelief

SEPTEMBER 8, 2020

If you’re running your own business, in Los Angeles, or Orange County, regardless of how large or small your company is, you simply must ensure that you have your books and accounts in order. Here are several tips on managing your accounting. Always stick to tax deadlines. Get a free evaluation today 1-877-788-2937.

bookkeeping 147

bookkeeping Account accounted accountant 147