xendoo

FEBRUARY 23, 2022

A number of factors affect the time it takes to file taxes. Not all of these will be the responsibility of the tax preparer. . First, you must make sure that you have all of the required documentation available for the tax preparer. State or local property tax. Tax Preparation for Small Business Owners.

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xendoo

SEPTEMBER 10, 2021

Corporate tax preparation . Our bookkeepers and CPAs are available by phone, text, and email, so you’re never out of touch with our skilled team. Business Tax Preparation and Filings. Taxes represent a unique SMB bookkeeping demand. Financial statements . Accounts Payable and Receivable.

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Nancy McClelland, LLC

APRIL 5, 2024

This week, I discovered a gift that Gusto created for tax preparers with clients that use the Gusto+Guideline combo — a reporting tool that will literally prepare the Form 8881 “Credit for Small Employer Pension Plan Startup Costs” for you.

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inDinero Tax Tips

FEBRUARY 10, 2023

Partnerships and S Corporations are known as pass-through entities because they generally don’t pay income tax directly. Instead, the business income flows through to the partners or shareholders who then file and pay tax on any income. When Are K-1 Tax Forms Due? Who Needs to File Schedule K-1s?

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CPA Practice

JUNE 8, 2023

In return, your firm can have CPAs or enrolled agents acting as independent contractors from the service provider’s network to prepare or review tax returns. One of the most significant benefits of financial automation for CPAs is saving time.

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Nancy McClelland, LLC

APRIL 16, 2023

(c) Nataliya Vaitkevich via Pexels I used to find it annoying when a client would forward me an article about a tax deduction or credit, to make sure I would take it on their tax return. The deduction is claimed as a reduction of taxable income , and applies only to income taxes, not to self-employment taxes.

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ThomsonReuters

JANUARY 18, 2024

Accountant vs. CPA vs. tax preparer: What are the differences? CPA responsibilities to clients As a trusted advisor in an increasingly complex financial landscape, certified public accountants (CPAs) have significant responsibilities for the services they provide to their clients. So, what are the differences?

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inDinero Tax Tips

FEBRUARY 10, 2023

Partnerships and S Corporations are known as pass-through entities because they generally don’t pay income tax directly. Instead, the business income flows through to the partners or shareholders who then file and pay tax on any income. When Are K-1 Tax Forms Due? Who Needs to File Schedule K-1s?

Tax 52

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inDinero Tax Tips

FEBRUARY 10, 2023

Partnerships and S Corporations are known as pass-through entities because they generally don’t pay income tax directly. Instead, the business income flows through to the partners or shareholders who then file and pay tax on any income. When Are K-1 Tax Forms Due? Who Needs to File Schedule K-1s?

Tax 52

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xendoo

DECEMBER 11, 2022

Corporations and LLCs that are taxed as corporations must use this form to report their income, tax deductions , and credits. Corporation Income Tax Return, is an IRS form that certain businesses use to file taxes. Net capital gain income. Tax deductions (These vary by company. Gross profit.

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inDinero Tax Tips

NOVEMBER 15, 2021

Claiming deductions can save your company thousands of dollars in income taxes. If the thought of filing your taxes is enough to make you sweat, you’re not alone. . The IRS announced a plan to increase audits for small businesses by 50% for the 2020 tax year. Our CPAs Answer Your Top 5 Burning Tax Questions.

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xendoo

FEBRUARY 13, 2023

The corporation uses Form 1120 to report income and claim credits and deductions each year. A pass-through entity doesn’t file taxes as a separate entity. Instead, the income “passes through” to the owner of the business who pays personal income taxes on their share of the business.

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xendoo

APRIL 3, 2023

Compare your tentative minimum tax and the 25% of the net regular tax liability calculated in the first step. Subtract the greater value from step two from your net income tax to find your general business credit limit. See how Xendoo’s business tax preparation can help you today. Identify the greater value.

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xendoo

APRIL 3, 2023

Compare your tentative minimum tax and the 25% of the net regular tax liability calculated in the first step. Subtract the greater value from step two from your net income tax to find your general business credit limit. See how Xendoo’s business tax preparation can help you today. Identify the greater value.

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LyfeAccounting

JUNE 11, 2021

A tax exclusion means income that doesn’t get included as a part of your taxable income. It is not a tax credit or deduction , like the standard deduction or child tax credit. We hope this post helped you better understand what’s going on with the unemployment tax refunds. Instead, it is an exclusion.

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xendoo

MAY 9, 2021

Under “S” corporation status, the small business owner’s income, losses, deductions, and credits “flow through” to you and are reported on your personal tax returns and assessed at your individual income tax rate. Whether it’s the 1120S, 1120, or 1065, Xendoo’s CPAs will file the right return for you, right on time.

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Nancy McClelland, LLC

APRIL 9, 2024

For years, we have stressed the importance to our clients of making quarterly estimated tax payments. And unlike many tax preparers, we also do bookkeeping, accounting, and consulting for our small business owners — so we’ve also encouraged them to have us do a quarter-by-quarter calculation of how much to pay.

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Steve Feinberg

DECEMBER 22, 2023

This means knowing which tax obligations apply to your business, such as income tax, sales tax, and self-employment tax. Understanding your tax situation can help you make informed decisions about business expenses, pricing, and overall financial planning.

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Nancy McClelland, LLC

FEBRUARY 13, 2022

The good news is that — as frustrating and arduous as this new IRS K-2 and K-3 reporting requirement is — no one is likely to die while attempting to complete it, and therefore I think we should just all keep this extremely challenging K-2 mountain in mind before we get too frustrated about additional complexities in tax preparation.

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xendoo

JANUARY 26, 2023

Your tax status – Tax-exempt organizations and non-profits have different filing deadlines than for-profit businesses. The type of return you’re filing – Different returns, including IRS Form 1120 for corporation income tax, have different deadlines.

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Snyder

JANUARY 3, 2023

Accounting for a small business usually means summarizing and analyzing financial transactions, producing accounting reports, and timely providing data for tax purposes and tax returns. Here you’ll use data from sales receipts, payments made to the supplier, rent payments, income tax payments, and many other operating activities.

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Going Concern

NOVEMBER 8, 2024

Law & Order Clark Hill Wins for Accounting Firm in Tax Dispute With Rock Band Member [ Clark Hill ] The Clark Hill trio convinced the court that the accounting firm was not liable for an employee’s business management and tax preparation services she provided on the side for a member of a rock band.

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Going Concern

FEBRUARY 10, 2025

You’d think it paid a lot in taxes, right? Well it paid precisely $0 in federal income taxes last year. Sendil Palani replies : Professor, Respectfully, Tesla’s income taxes are not an example of fraud. Tesla complies with all tax regulations in all of the regions of the world in which we operate.

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Going Concern

JANUARY 26, 2024

The declining birth rate also plays a role into the low supply of accountants, according to Henry Grzes, lead manager for tax practice and ethics with the American Institute of CPAs. “It

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AdviceForTaxpreparers

JULY 29, 2019

Advice for Tax Preparers Making tax preparers lives easier one blog at a time HOME. by Bill Meador, CPA, JD. I put together this post to bring together any funny and entertaining accounting and tax videos, puns, jokes, pictures, etc. A successful tennis player has a lot of net income.

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Going Concern

FEBRUARY 16, 2024

Bill would let private CPAs, not state auditor’s office, audit state agencies [ Radio Iowa ] Senator Mike Bousselot, a Republican from Ankeny, IA seems to think letting CPA firms audit government books instead of the state auditor will fix the accountant shortage somehow? I’m a professional tax preparer.”

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CPA Practice

FEBRUARY 15, 2025

Tax season has just begun, but it may be about to get more difficult for taxpayers and tax preparers such as CPAs and accountants. The move could also delay income tax refunds. The IRS started accepting income tax returns on January 27, 2025, which means tax filing season is officially upon.

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CPA Practice

FEBRUARY 15, 2025

Tax season has just begun, but it may be about to get more difficult for taxpayers and tax preparers such as CPAs and accountants. The move could also delay income tax refunds. Read more »

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Going Concern

JANUARY 5, 2024

CPA Tom Janney Announces Retirement [ WJLE ] Local stories like these are so cute. Longtime local CPA Tom Janney has announced his retirement from the tax and accounting side of Janney & Associates, CPAs, PC, a business he started in 1992 but sold to another firm fourteen months ago. Happy trails, Tom!

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Going Concern

AUGUST 23, 2024

announced today that it is changing its name to CBIZ CPAs P.C., CBIZ CPAs P.C. CBIZ CPAs) is an independent CPA firm with 35 offices nationwide that provides audit, review and attest services, and works closely with CBIZ, a leading national provider of financial, insurance and advisory services, but is a separate legal entity.

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