RogerRossmeisl

SEPTEMBER 29, 2024

When drafting partnership and LLC operating agreements, various tax issues must be addressed. This is also true of multi-member LLCs that are treated as partnerships for tax purposes. Here are some critical issues to include in your agreement so your business remains in compliance with federal tax law. Identify and describe guaranteed payments to partners For income tax purposes, a guaranteed payment is one made by a partnership that’s: 1) to the partner acting in the capacity of a partner, 2) i

Tax 230

Tax income tax CPA business tax 230

CPA Practice

SEPTEMBER 29, 2024

A new report shows that six out of 10 employers have fired or otherwise dismissed recent Gen Z college graduates they had hired only a few months ago when they graduated. Additionally, nearly 75 percent of companies reported having workplace issues and concerns regarding these workers. This year, 94% of companies report hiring recent college graduates.

Education 104

Education 104

RogerRossmeisl

SEPTEMBER 29, 2024

With the arrival of fall, it’s an ideal time to begin implementing strategies that could reduce your tax burden for both this year and next. One of the first planning steps is to ascertain whether you’ll take the standard deduction or itemize deductions for 2024. You may not itemize because of the high 2024 standard deduction amounts ($29,200 for joint filers, $14,600 for singles and married couples filing separately, and $21,900 for heads of household).

tax planning 213

tax planning Tax CPA 213

SchoolofBookkeeping

SEPTEMBER 29, 2024

Receiving emails about PCI compliance from QuickBooks can be a bit daunting, but they are crucial reminders for businesses handling credit card transactions. Understanding what PCI compliance entails and the necessary steps can help you ensure your business remains secure and trustworthy. What is PCI Compliance? PCI DSS (Payment Card Industry Data Security Standard) consists of security measures designed to protect card information during and after transactions.

quickbooks 98

quickbooks audit 98

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

SEPTEMBER 29, 2024

Electric vehicles (EVs) have become increasingly popular. According to Kelly Blue Book estimates, the EV share of the vehicle market in the U.S. was 7.6% in 2023, up from 5.9% in 2022. To incentivize the purchase of EVs, there’s a federal tax credit of up to $7,500 for eligible vehicles. The tax break for EVs and fuel cell vehicles is called the Clean Vehicle Tax Credit.

Tax 207

Tax CPA cpa firm 207

Insightful Accountant

SEPTEMBER 29, 2024

Murph has drilled down into some more investor news at Intuit to bring you at least part of 'the how' associated with the new features and functionality of Intuit Enterprise Suite.

52

52

CPA Practice

SEPTEMBER 29, 2024

This year marks a milestone for Vasquez + Company LLP, which proudly celebrates its 55th anniversary. The Los Angeles-based firm will celebrate this momentous occasion with a celebratory event in mid-October. Over the past five decades, Vasquez + Company LLP has become the largest minority-owned accounting firm in the nation, a testament to its unwavering commitment to excellence, diversity, and community empowerment.

accounting firms 52

accounting firms accountant Account accounted 52

RogerRossmeisl

SEPTEMBER 29, 2024

As reported via IR-2024-240 on 9/18/2024 The Department of Treasury and Internal Revenue Service issued proposed regulations to provide guidance for the Alternative Fuel Vehicle Refueling Property Credit (the tax credit related to the installation of EV chargers). The Inflation Reduction Act amended the credit for qualified alternative fuel vehicle refueling property.

CPA 198

CPA Tax cpa firm business tax 198

RogerRossmeisl

SEPTEMBER 29, 2024

Manufacturers are as varied as the products they make. They come in different sizes and specialties. So no universal formula applies when determining their value. Instead, a business valuator must fully understand the subject company’s operations to arrive at an accurate value conclusion. Here’s a closer look at seven factors that affect value in the manufacturing sector: 1.

Manufacturing 184

Manufacturing CPA 184

RogerRossmeisl

SEPTEMBER 29, 2024

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2024. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. Note: Certain tax-filing and tax-payment deadlines may be postponed for taxpayers who reside in or have a business in a federally declared disaster area.

Tax 182

Tax CPA business tax 182

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

Account

RogerRossmeisl

SEPTEMBER 29, 2024

Working from home has become increasingly common. The U.S. Bureau of Labor Statistics (BLS) reports that about one out of five workers conducts business from home for pay. The numbers are even higher in certain occupational groups. About one in three people in management, professional and related occupations works from home. Your status matters If you work from a home office, you probably want to know: Can I get a tax deduction for the related expenses?

Tax 179

Tax CPA 179