Remove Education Remove Legal Remove tax return
article thumbnail

Sales tax isn't simple: Is outsourcing the answer?

TaxConnex

Aside from having to provide salary, benefits and other requirements of an in-house employee who knows sales tax (not always a common skill), you face a talent dearth, as the accounting profession still has a shortage of accountants and tax specialists. Do they specialize in tax compliance at the state and local levels?

Sales 264
article thumbnail

In ongoing accounting crunch, where to go for sales tax help?

TaxConnex

For respondents, the staffing struggle also meant curtailing business growth (19.23%), more errors in sales tax calculation (17.58%), more frustration from existing staff (21.43%) and, perhaps scariest, a growing lack of confidence in being prepared for an audit (22.53%). There were about 1.65 million accountants and auditors in the U.S.

Sales 264
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Should Tax Planners Work with Family Offices? How Family Offices Work

CTP

Administrative & Financial Support Moving into the realm of finances, a family office may handle bookkeeping, legal and estate planning oversight, cash flow management, financial advice, insurance management, accounting and tax filing oversight, and charitable giving management.

Tax 105
article thumbnail

FAQ tax problem resolution – get taxiety relief today

MyIRSRelief

An IRS audit is a review or examination of an individual’s or organization’s tax return to ensure that the information is accurate and that the tax return is being filed in compliance with the tax laws. This ensures that they are up-to-date on the latest tax laws and best practices.

Tax 147
article thumbnail

Top Remote Accountants of the Week | January 9, 2025

Going Concern

With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Sign up now to view the complete candidate list and connect with potential hires.

article thumbnail

Los Angeles Tax Services – Local tax firm serving all Southern California

MyIRSRelief

Taxes can be broken down into three categories: what you purchase, what you own, and what you earn. They contribute to resources such as our government, educational systems, law enforcement, libraries, and others. However, individuals who fail to pay taxes can suffer penalties and potential criminal charges.

article thumbnail

5 Critical Questions to Ask Your Accountant About Tax Planning BEFORE Tax Season

CTP

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. Not all tax planning is the same! You’re right, it’s not!)*