Remove Construction Remove Sales Remove tax planning Remove tax return
article thumbnail

Top Remote Accountants of the Week | August 8, 2024

Going Concern

ACCOUNTING CANDIDATE FTE Accounting Manager | Candidate ID #21968103 Certifications: CPA Education: BSBA Accounting, MS Accounting Experience (years): 12+ years accounting experience Work experience (detail): 4 years with a national firm 5+ years private equity, asset management 3+ years ecommerce with multiple entities 6+ years accounting management (..)

article thumbnail

What to look for in a career change from accounting

ThomsonReuters

Accounting advisory services include a variety of engagements—from tax planning and strategy to counsel on tax-related legislation—and centers on your unique knowledge and experience. If a client comes to you with a question that goes beyond the scope of their tax return , consider that an opening into a new career.

Account 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

2023 Year-End Tax Planning Strategies for the Real Estate and Construction Industry

Cherry Bekaert

Contributor: Chelsea Payne , Senior Manager, Tax Services As the end of the year approaches, strategic planning remains crucial for taxpayers looking to optimize their financial positions and set the stage for a strong start in the upcoming fiscal year. Not all sales and not all taxpayers can qualify to use the installment sale method.

article thumbnail

Top Remote Accountants of the Week | June 27, 2024

Going Concern

TAX AND ACCOUNTING CANDIDATES FTE Tax and Accounting | Candidate ID #19249390 Certifications: CPA in process Education: BS Business Administration, Accounting Experience (years): 7+ years accounting and tax experience Work experience (detail): 4+ in public accounting 3 years tech startup experience 3+ in family office accounting and advisory 2 tax (..)

article thumbnail

2022 Year-End Tax Planning Checklist

Withum

Most of the income tax proposals in the 2021 “Build Back Better” bill did not make it into the IRA. General Income Tax Planning. Doing so may enable you to claim larger deductions, credits, and other tax breaks for 2022 that are phased out over varying levels of adjusted gross income (AGI). Energy credits.

article thumbnail

The Difference: Cash Basis Accounting vs. Accrual Accounting

xendoo

For example, if your company sells a product to a customer in December of 2021 and receives payment in January of 2022, this transaction would not be recorded on your business income tax return until the following year. Accrual Accounting and Taxes. When to Use Cash Basis Accounting. Maintain a lot of inventory.

article thumbnail

TAX PLANNING 101: Ideas for Reducing Taxable Income and Maximizing Tax Credits Part 2

CTP

Home equity loan interest is also deductible if it meets the definition of acquisition debt—if it is used to purchase, construct, or improve your home. TCJA (in effect for tax years 2018-2025) limited the amount of debt covered to $750,000 (or $375,000 for married couples filing separately). You might be pleasantly surprised!