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How to Dissolve a Company in Bad Standing Before Year-End

CPA Practice

It is a formal process to address all outstanding legal and financial aspects of the business in the state in which it was formed. Failing to dissolve a company properly can have many repercussions, the greatest being financial penalties and ongoing tax obligations. Any outstanding tax obligations must be paid.

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Review of HubSync – The Accounting Technology Lab Podcast – Nov. 2024

CPA Practice

Brian Tankersley, CPA, and Randy Johnston review HubSync , an all-in-one, modern client platform which automates the tax return and other key processes and provides a single gateway to drive “Best-in-Class” collaboration between professionals and their clients. Randy Johnston 00:04 Welcome to the accounting Technology Lab.

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How to Maintain Compliance Documentation for Sales Tax Audits | TaxConnex

TaxConnex

Sales Tax Accruals Ensure that sales tax is stated in your general ledger as a separate GL account number. This separation helps in clearly identifying and tracking sales tax amounts. Returns/Credits Returns and credits should be clearly identified in your accounting system.

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What do you REALLY need to promote as an accountant?

Mark Lee

What do you really need to promote as an accountant? It’s less common today than it was, but still there are plenty of people, including some accountants, who think accountants are selling their time. You can help them realise this is not the best way to compare accountants. This may be what some clients want.

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In ongoing accounting crunch, where to go for sales tax help?

TaxConnex

Your sales tax obligations depend on knowledge and that knowledge often resides in a professional tax specialist (usually an accountant) who helps your company meet its sales tax obligations. This is a complicated time for sales tax obligations – and a terrible time to try to hire an accountant.

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Navigating IRS Bank Levies, Back Taxes, and Unfiled Tax Returns

MyIRSRelief

When a taxpayer fails to pay their taxes despite repeated notices and warnings, the IRS can issue a levy, allowing them to seize funds directly from the individual’s bank accounts. This can be a sudden and jarring experience, as individuals may find their accounts drained without prior warning.

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Half a dozen ways to mismanage sales tax | TaxConnex

TaxConnex

Sales tax compliance has many moving parts, not just in the filing but in everything that goes into making sure you stay on the legal side of the jurisdictions where you have sales tax nexus. Billing systems You charge the customers sales tax for online purchases, they pay and you remit the money to the tax jurisdictions.

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