Going Concern

FEBRUARY 9, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. My buddy from undergrad works office security at one of the Big 4 accounting firms in Midtown.

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inDinero Accounting

OCTOBER 16, 2023

Fortunately, with the help of indinero’s accounting services for small businesses , it doesn’t have to be so difficult. Nevertheless, there are about half a dozen SBA-backed loans, and they’re all designed to assist small businesses that may not qualify for traditional bank financing. What Is an SBA Loan?

Real Estate 97

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LyfeAccounting

APRIL 8, 2021

In most of our previous posts, we’ve been busy revealing all of the ways to help you save on taxes and claim every deduction and tax credit as much as you can. Being able to deduct the business use of your car can turn out to be one of the largest tax deductions you can use to reduce your income. You owe taxes on the gain.

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LyfeAccounting

JULY 1, 2021

And we’ll be talking about that in today’s post – the 10 most outrageous things you are taxed on. Top 10 Outrageous Things You Are Taxed On. The first one on our list of outrageous things you are taxed on probably never crossed your mind – illegal activities. Let’s dive in! Illegal Activities.

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PYMNTS

MARCH 13, 2019

Among reasons for divorce, finances ranks as the No. And even when finances don’t lead to divorce, it remains a leading source of marital strife. Transparency is one theme: 40 percent of participants in the study noted they do not fully trust their partner to manage their combined finances. Committing financial infidelity.

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LyfeAccounting

MAY 18, 2021

Or why they think they can get away with lying about businesses and employees when there are so many ways to easily invalidate their loans such as: payroll taxes and. million dollars in PPP funding for the business Cars Direct and used fraudulent tax forms to support his application. previously filed business returns.

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CPA Practice

MARCH 27, 2024

Women pay thousands of dollars more than men each year for necessary items, an expense known as the “pink tax.” Research shows people considered attractive earn about 20% more than their less-attractive peers, and for women, personal grooming accounts for 100% of the premium. trillion hole in the U.S. economy every year.

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ThomsonReuters

OCTOBER 12, 2023

Tax implications for owning property abroad What is FATCA? Helping clients with foreign income tax forms For U.S. To support this effort, forward-thinking accounting firms are increasingly using tax preparation software and scan-and-populate solutions to tackle the challenges of foreign income reporting. What is FEIE?

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LyfeAccounting

JULY 9, 2021

And of course, the more money you make, the more you are usually taxed, right? Well no, there are actually foreign earned income exclusions that can help you avoid paying taxes on certain things. federal income taxes on that foreign earned income… …which again is the money that you made while out of the country.

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FraudFiles

JUNE 14, 2021

These cases are quite often tax-related matters, but cases involving white collar crimes and drug trafficking usually include questions about income too. Tax cases often include the government’s determination of the amount of income a taxpayer failed to report, and the defendant is left to prove how much income really was earned.

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Going Concern

FEBRUARY 12, 2024

EY piled more than $700mn of extra debt on to its global operating business to deal with the costs of the failed plan to spin off its consulting arm, according to newly filed accounts. Between a wave of retirees and a drop in the number of people graduating with accounting degrees, the whole profession is struggling to staff up. “We

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Going Concern

JANUARY 19, 2023

The IRS Criminal Investigation unit has released its top cases for 2022 and in it we get reality TV personalities, a rogue tax preparer, some garden variety PPP fraud, and even a former decathlete with his own Wikipedia page. Without any further ado, IRS-CI’s top ten cases of 2022: 10. government. He was also ordered to pay nearly $9.7

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Going Concern

AUGUST 26, 2022

While you’re here, allow us to pester you to sign up for our newsletter to get accounting headlines twice a week. We found Barry Melancon’s Reddit account. Do we need accounting firms? CPAs spill the beans [ CPA Canada ] Three accountants share their experience being back at the office. Happy weekend!

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CPA Practice

OCTOBER 8, 2024

By Girard Miller Governing (TNS) With great fanfare, the Trump administration heralded a 2017 federal tax break for Opportunity Zones that continues to enjoy some bipartisan support to encourage economic development in low-income communities. The basic premise was essentially trickle-down economics: “Build it and they will come.”

Real Estate 52

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CPA Practice

DECEMBER 9, 2024

By Kevin Hardy Stateline.org (TNS) While states have cheered the new tax revenue from sports gambling, some new studies have linked the burgeoning industry to lower consumer credit scores, higher credit card debt and less household savings. Legal sports gambling is more widespread than ever. A 2018 U.S.

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