TaxConnex

NOVEMBER 2, 2023

October 15 th ended the last major income tax due dates in 2023. Most CPAs use the fourth quarter of the year for audit and tax planning for clients, strategic planning for the firm and of course, CPE. Both of these changes can directly impact your clients’ sales tax responsibilities.

Sales 263

Sales Tax income tax tax planning 263

CTP

SEPTEMBER 20, 2024

With the advent of DIY tax services and AI putting downward pressure on pricing, along with an aging demographic within the industry and fewer younger people choosing accounting as a profession, the tax and accounting industry has been evolving much quicker than in the past.

tax planning 98

tax planning Tax CPA accounting firms 98

RogerRossmeisl

DECEMBER 3, 2023

In the midst of holiday parties and shopping for gifts, don’t forget to consider steps to cut the 2023 tax liability for your business. In certain circumstances, The post There May Still Be Time to Reduce your Small Business 2023 Tax Bill appeared first on Roger Rossmeisl, CPA.

Tax 262

Tax CPA tax planning business tax 262

CTP

NOVEMBER 15, 2023

Do you feel that you pay too much in tax? The General Accounting Office estimates that Americans over-pay their taxes by almost a billion (yes, that’s billion) dollars each year! That’s why tax planning is gaining in popularity. Some obvious reasons are mistakes or oversights on their tax returns. You’re not alone.

tax planning 111

tax planning Tax tax preparation tax return 111

RogerRossmeisl

DECEMBER 14, 2021

If you’re starting to worry about your 2021 tax bill, there’s good news — you may still have time to reduce your liability. Here are three quick strategies that may help you trim your taxes before year-end. Certain tax deductions are claimed for the year of payment, such as the mortgage interest deduction.

Tax 243

Tax tax return CPA tax planning 243

RogerRossmeisl

OCTOBER 25, 2020

Consider whether the interactions are arranged in a tax-wise manner. This has become even more important now in light of the recent Tax Cuts and Jobs Act. The post Working with an Existing Auto Dealer for the First Time appeared first on Roger Rossmeisl, CPA. Looking at everything with a new set of eyes can be very.

CPA 246

CPA tax planning Tax cpa firm 246

RogerRossmeisl

DECEMBER 7, 2021

Don’t let the holiday rush keep you from considering some important steps to reduce your 2021 tax liability. Before the 2017 Tax Cuts and Jobs Act (TCJA), bonus depreciation was available for two types of real property: land improvements other than buildings (for example fencing and parking lots), and “qualified improvement property,” a.

Tax 245

Tax CPA tax planning business tax 245

Nancy McClelland, LLC

AUGUST 22, 2024

As regular readers know, I’m a big fan of the National Association of Tax Professionals. They generally provide top-notch education, and I appreciate the fact that they do not discriminate against non-credentialed tax pros. It will also be available on-demand.

tax planning 111

tax planning Tax Education CPA 111

TaxConnex

FEBRUARY 27, 2024

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.

Sales 264

Sales Tax Account accounted 264

BuildYourFirm

MARCH 31, 2020

Episode 066: Look at the Film Industry Tax Credit Business with Irene Waschler. Tune in to this episode when host Hugh Duffy talks with Irene Waschler of Waschler CPA, LLC about how she got started in the film industry tax credit business. Also, what does the future look like for Waschler CPA? Irene graduated with a B.S.

Tax 178

Tax cpas Massachusetts CPA 178

Anders CPA

AUGUST 2, 2022

Cryptocurrencies are on the rise, but many investors don’t understand the tax treatment and impacts of these digital currencies. If you’re already investing or looking into investment opportunities, now is the time to familiarize yourself with current tax reporting requirements and wash sale rules before they apply to cryptocurrencies.

tax planning 111

tax planning Sales Tax income tax 111

CTP

AUGUST 11, 2022

By Dominique Molina, CPA MST CTS. Have you asked yourself, do I really have to study tax planning? If you’ve read my articles about tax planning before, no doubt you’ve read my description of tax planning software as an instrumental tool. The same is true for tax planning software!

tax planning 98

tax planning Tax tax return Construction 98

CTP

MARCH 9, 2022

By Dominique Molina, CPA MST CTS. Visit social media or google these days and you’ll most likely see advertisements for Tax Planning. But many taxpayers (and even tax pros) are confused about the differences between tax planning and tax preparation. Basics in Tax Reduction.

tax planning 98

tax planning Tax tax preparation tax return 98

DuctTapeMarketing

JULY 14, 2018

Prepare the books for tax season. Setting up your chart of accounts to be tax-ready from the start will help you with tax saving opportunities and help you prepare for your tax liabilities, with no surprises. Taking a look at shipping costs can also help save a business money. Delegate what you can.

bookkeeping 238

bookkeeping accounting and finance accounting software accounts payable 238

CPA Practice

DECEMBER 26, 2024

With a thorough understanding of their unique circumstances and the latest tax regulations, you can transform complex tax challenges into clear, actionable solutionssetting the stage for your clients financial success in 2025 and beyond.

tax planning 116

tax planning Tax 116

CPA Practice

SEPTEMBER 19, 2023

Goralka, Kiplinger Consumer News Service (TNS) This cautionary tale is based upon the recent tax case of Estate of Hoensheid v Commissioner , TC Memo 2023-34. When owners of a company plan to sell their business, there is very often a desire to minimize the resultant income tax. The stock owned by the charity is sold tax free.

tax planning 116

tax planning Tax income tax Sales 116

MyIRSRelief

JANUARY 8, 2021

Americans living abroad, expatriates, are not immune from having to pay US Federal Income Tax and even some states do as well. Unfortunately, there are some people who mistakenly think that as soon as they leave the United States that they are no longer responsible for paying taxes. Where Expatriates can go for tax help?

Tax 147

Tax tax preparation tax planning income tax 147

CTP

FEBRUARY 20, 2024

By Dominique Molina, CPA MST CTS You’re in the business of tax planning, and you pride yourself on being the go-to expert for navigating the complex world of taxes. It’s a widespread belief, but it barely scratches the surface of what tax planning can do. So, keep an open mind as you read on.

tax planning 98

tax planning Tax Real Estate Education 98

CTP

MARCH 9, 2022

By Dominique Molina, CPA MST CTS. Tax planning is making shifts in a taxpayer’s financial and business situation, to minimize their tax burden both in the short term and over time. We’ll discuss five of the main strategies for legally lowering your clients’ tax burden. Income Shifting. Expense Shifting.

tax planning 98

tax planning Tax Legal tax return 98

MyIRSRelief

OCTOBER 3, 2022

If you own a property, a business, or are employed, you’ll likely have to pay taxes. According to the 16th Amendment in our Constitution, individuals are required to pay taxes from income sources. Taxes can be broken down into three categories: what you purchase, what you own, and what you earn. Call us today at 1-877-788-2937.

tax services 147

tax services California Tax tax preparation 147

MyIRSRelief

FEBRUARY 8, 2023

Tax Preparation, Tax Planning, and Tax Representation: Understanding the Importance of Professional Assistance Tax preparation, tax planning, and tax representation are all crucial components of managing your finances and ensuring that you meet your tax obligations.

tax services 130

tax services Tax tax preparation tax planning 130

CTP

NOVEMBER 16, 2023

The American Institute of Certified Tax Planners (AICTP) offers a full-service solution to developing CAS in your firm focusing on the specialization of tax planning. AICTP provides a true roadmap for shifting your business model to support advisory centered client relationships through tax planning and value pricing.

tax planning 98

tax planning Tax Account accounted 98

CPA Practice

OCTOBER 28, 2024

Greensburg, IN-based accounting firm RBSK Partners has acquired fellow Indiana firm Hash CPA Group, based in Franklin. Established in 1965, RBSK Partners is a full-service accounting firm that offers a comprehensive range of services, including tax planning and preparation, business advisory, audits and reviews, and more.

Indiana 98

Indiana CPA audit tax planning 98

CPA Practice

OCTOBER 18, 2024

TaxPlanIQ, a provider of tax planning software for tax and accounting firms, is hosting a one-day free Virtual Summit entitled “Your Playbook for Building a Tax Planning Empire” next week. This online-only event will take place from 11 a.m. to 5 p.m. Free registration is available until Oct.

tax planning 59

tax planning Tax CPA accounting firms 59

CPA Practice

NOVEMBER 27, 2023

Top 200 accounting firm H&CO has acquired fellow Florida CPA firm Grennan Fender, which has offices in Orlando and Melbourne. This merger allows us to strengthen our position as a leading CPA firm while enriching our advisory services. Terms of the deal were not disclosed.

cpa firm 106

cpa firm CPA Florida tax planning 106

CPA Practice

NOVEMBER 27, 2023

Corvee, a maker of tax planning technology for businesses and tax pros, has added Augusta Rule deduction filing guidelines into its Instead and Instead Pro tax planning systems. Instead and Instead Pro offer seamless Augusta Rule savings estimation to help plan, calculate, document and file a return.

tax planning 98

tax planning Tax income tax Sports 98

Withum

FEBRUARY 15, 2024

Tax loss harvesting is an income tax planning strategy that involves selling investments at a loss with the intent to offset capital gain income. This strategy is beneficial to taxpayers who have large capital gain income and are seeking ways to lower their related income tax liability.

Tax 123

Tax income tax New Jersey CPA 123

CPA Practice

DECEMBER 10, 2023

By Al-Nesha Jones, CPA, MBA. While chestnuts crackle and we gear up for the annual tax preparation season, it becomes clear that the winter holidays bring more than just festivities and time off; they also mark the beginning of the tax preparation party. Tax advisory tends to be much more frequent. Tis the season!

tax planning 69

tax planning Tax tax preparation bookkeeping course 69

CPA Practice

APRIL 17, 2023

By Bruce Willey, JD, CPA, Kiplinger Consumer News Service (TNS) A buzzword appeared in the world of small business about a decade ago: the accountant as “most trusted advisor.” As a certified public accountant, I’m flattered that we’re consulted for a growing range of business needs, including rising taxes.

Tax 105

Tax tax planning cpas CPA 105

CPA Practice

NOVEMBER 20, 2024

By Jackie Meyer, CPA Recent research has found that 99% of accountants experience burnout, which as personally disturbing as it sounds, can ultimately impact your bottom line. In this article, I plan to dive into how you can not only prevent burnout, but increase profit in your firm.

Tax 101

Tax Account accounted accountant 101

Withum

NOVEMBER 14, 2023

The IRS has recently published the inflation adjustments for the 2024 tax year. Key Figures – Estate and Gift Taxes Below is a summary of key figures related to Estate and Gift Taxes. Key Figures – Estate and Gift Taxes Below is a summary of key figures related to Estate and Gift Taxes.

Tax 119

Tax tax planning CPA 119

MyIRSRelief

DECEMBER 15, 2022

For example, you may want to catch up on your tax filings, prepare for an audit, or simply get a better understanding of your financial situation. Create a plan: Develop a plan for organizing and cleaning up your books. What is income tax preparation service? What are the benefits of accounting & bookkeeping services?

tax accountant 130

tax accountant Tax Account accounted 130

MyIRSRelief

JANUARY 16, 2023

When it comes to tax season, many people are faced with the decision of whether to prepare their own taxes or use an income tax preparation service. While it may seem like an added expense, there are many benefits to using a professional tax preparation service that make it well worth the cost.

tax preparation 130

tax preparation income tax Tax Real Estate 130

CPA Practice

JUNE 8, 2023

Part of this is reflected in CPA Evolution , an initiative to transform the CPA licensure model to recognize the rapidly changing skills and competencies that accountants will require. Another is development of an AICPA-led national strategy to address the CPA pipeline, starting with a detailed Pipeline Acceleration Plan.

CPA 116

CPA audit accounting and finance cpa firm 116

CPA Practice

APRIL 29, 2024

Cytron Filing taxes for your clients doesn’t have to be a drain on your firm’s time, energy, and resources. Wrestling with sky-high tax season burnout and subpar work-life balance. Redundant and draining tasks that eat away at a tax professional’s time and energy. By Scott H. For many, this is “business as usual” at their firm.

Tax 125

Tax Technology tax return bookkeeping 125

CPA Practice

SEPTEMBER 11, 2024

Bloomberg Tax & Accounting has released its 2025 Projected U.S. Tax Rates, which indicate inflation-adjusted amounts in the tax code will increase 2.8% Bloomberg Tax’s annual Projected U.S. Act that affect tax planning for corporate taxpayers in certain industries. increase in 2023.

Tax 128

Tax income tax corporation tax tax planning 128

MyIRSRelief

JUNE 23, 2023

Tax matters can be complex and daunting, and navigating the ever-changing tax landscape can be a challenge. In such a scenario, having a qualified tax professional on your side is invaluable. The Enrolled Agent (EA) – a tax specialist authorized by the U.S. Contact us for professional tax help today!

Tax 130

Tax tax preparation tax return audit 130