RogerRossmeisl

FEBRUARY 25, 2024

Businesses basically have two accounting methods to figure their taxable income: cash and accrual. Many businesses have a choice of which method to use for tax purposes. The cash method often provides significant tax benefits for eligible businesses, though some may be better off using the accrual method. Thus, it may be prudent for your business to evaluate its method to ensure that it’s the most advantageous approach.

business tax 173

business tax accrual accounting Tax accountant 173

Going Concern

FEBRUARY 25, 2024

*and saleswomen This person on r/Big4 seems to have had an epiphany that partners are better at people-ing than they are at the technical aspects of the firm’s business. Quite the revelation! Why does it feel like the people who make it to partner are better at schmoozing than accounting? by u/TheU_isBack in Big4 Take note, overachievers and aspiring partners: Technical skill matters most when you’re in the trenches.

accountant 120

accountant Account accounted Gaming 120

RogerRossmeisl

FEBRUARY 25, 2024

When you file your tax return, a tax filing status must be chosen. This status is used to determine your standard deduction, tax rates, eligibility for certain tax breaks and your correct tax. The five filing statuses are: Single Married filing jointly, Married filing separately, Head of household, and Qualifying surviving spouse. If you’re married, you may wonder if you should file joint or separate tax returns.

tax return 166

tax return CPA Tax 166

Insightful Accountant

FEBRUARY 25, 2024

ADP® is offering AI-Enabled Partner Solutions on their powerful, simple and secure ADP Marketplace so HR leaders can rapidly source and implement the benefits of AI across their HCM ecosystems.

104

104

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

Account

RogerRossmeisl

FEBRUARY 25, 2024

Did you make large gifts to your children, grandchildren or others last year? If so, it’s important to determine if you’re required to file a 2023 gift tax return. In some cases, it might be beneficial to file one — even if it’s not required. Who must file? The annual gift tax exclusion has increased in 2024 to $18,000 but was $17,000 for 2023. Generally, you must file a gift tax return for 2023 if, during the tax year, you made gifts: That exceeded the $17,000-per-recipient gift tax annual excl

tax return 138

tax return Tax CPA 138

Canopy Accounting

FEBRUARY 25, 2024

Your clients count on you to handle their tax issues, and you’ve earned that trust through transparency, customer service, and demonstrating your expertise. When preparing a client’s tax return , you must exercise due diligence and good faith, all while staying up-to-date on all IRS policies and guidelines. If you do not follow the IRS rules for preparing returns, you could be liable for penalties and fines.

tax preparation 98

tax preparation Tax tax return 98

Insightful Accountant

FEBRUARY 25, 2024

It’s that time of year when business owners get anxious and accountants get busy. We’re all preparing for March’s tax season!

Tax 105

Tax accountant Account accounted 105

IgniteSpot

FEBRUARY 25, 2024

As entrepreneurs striving to build more wealth and profit, we often focus on the big picture: marketing strategies, product development, and scaling our businesses. However, an area frequently overlooked, yet critical to our financial health, is the client onboarding process. It's a detail that, if managed poorly, can lead to significant financial problems.

accounting firms 52

accounting firms accountant accounted Account 52

Insightful Accountant

FEBRUARY 25, 2024

It’s that time of year when business owners get anxious and accountants get busy. We’re all preparing for March’s tax season!

Tax 97

Tax accountant Account accounted 97