RogerRossmeisl

JULY 21, 2024

If you’re a philanthropic individual who is also obligated to take required minimum distributions (RMDs) from a traditional IRA, you may want to consider a tax-saving strategy. It involves making a qualified charitable distribution (QCD). How it works To reap the possible tax advantages of a QCD, you make a cash donation to an IRS-approved charity out of your IRA.

CPA 185

CPA Tax 185

Menzies

JULY 21, 2024

Menzies LLP - A leading chartered accountancy firm. Imagine this scenario, your debt has not been paid and the liquidator of your customer’s company has confirmed that there will be no dividend to unsecured creditors, what can you do? When faced with such circumstances, exploring bankruptcy as a potential solution becomes essential for protecting your interests and recovering outstanding amounts.

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chartered accountant accounting firms Account accountant 59

RogerRossmeisl

JULY 21, 2024

If you’re selling property used in your trade or business, you should understand the tax implications. There are many complex rules that can potentially apply. To simplify this discussion, let’s assume that the property you want to sell is land or depreciable property used in your business, and has been held by you for more than a year. Note: There are different rules for property held primarily for sale to customers in the ordinary course of business, intellectual property, low-income housing,

Tax 185

Tax CPA Sales business tax 185

Menzies

JULY 21, 2024

Menzies LLP - A leading chartered accountancy firm. Lately we have adopted a fresh approach to personal wealth planning by combining the knowledge of both our in-house Private Client Tax Managers and Financial Planners. By combining our expertise, and working collaboratively, this dynamic partnership fosters our brighter thinking approach and achieves greater overall results for our clients by creating their very own ‘Personal Wealth Plan’.

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chartered accountant Tax tax planning accounting firms 59

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Historical bookkeeping clean-up is like an archaeological dig for financial documents. It is a vigorous, systematic process that ensures thorough scrutiny of every document. From verifying inconsistencies to reconciling payments, each layer of exhaustive evaluation brings greater clarity into your company's financial past. In this article, we will walk through all that historical bookkeeping clean-up entails.

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RogerRossmeisl

JULY 21, 2024

Summer is a great time for business owners to review their estate plans. Maybe your kids are home for summer break, so they’re top of mind. Or perhaps you’re vacationing with relatives or getting together for a backyard BBQ. Whatever the reason you’re spending time with your family, consider having an open discussion with them about your estate planning goals — and how your business fits in your overall plan.

CPA 184

CPA Tax 184

Insightful Accountant

JULY 21, 2024

Last month, QuickBooks released an expanded prepayment feature to permit the recording of prepayments against estimates as well as sales orders.

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quickbooks Sales 52

CPA Practice

JULY 21, 2024

Faith E. Pinho Los Angeles Times (via TNS) President Joe Biden announced Sunday that he will step aside as the Democratic presidential nominee and endorsed Vice President Kamala Harris to lead the ticket and face former President Donald Trump in November. Biden’s announcement ends weeks of hand-wringing among party leaders who urged him to leave the race after a disastrous debate performance left many Democrats fearing he was too old for office and unable to defeat Trump.

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