CPA Practice

AUGUST 9, 2023

Year-end is right around the corner, which means quarterlies, tax preparation, and more for accounting firms. Review what can be repurposed, e.g., 2022 tax prep tips, regulatory changes (hello meals and entertainment deductions), bookkeeping tips, unique tax situations you can highlight, and more.

tax preparation 98

tax preparation Entertainment Tax bookkeeping 98

CPA Practice

NOVEMBER 20, 2024

This exposure gives them a front-row seat to the industry’s transformative work, moving beyond tax preparation, data entry and number-crunching. As a Certified Public Accountant, Certified Financial Planner, and Personal Financial Planning Specialist, Adam delivers comprehensive accounting, tax, and business advisory services.

accountant 52

accountant Account accounted Technology 52

Going Concern

MAY 23, 2024

FTE Senior Tax and Accounting | Candidate ID #20455103 Certifications: CPA in progress Education: BA, Accounting & Business Administration Experience (years): 4+ years in public accounting Work experience (highlight): Staff Accountant at a CPA firm Full client care including accounting, bookkeeping, tax and audit In 2024 completed 100+ returns, (..)

Real Estate 59

Real Estate accountant Account accounted 59

Withum

JANUARY 17, 2022

Financial affairs include organizing your investments, determining doable goals, simplifying your investments, working to reduce your tax preparation fees and claiming unclaimed funds. There is also a third category for people that own businesses.

tax return 105

tax return accounting and finance tax preparation Entertainment 105

Going Concern

AUGUST 15, 2024

ACCOUNTING CANDIDATES FTE Accounting | Candidate ID #22164769 Certifications: EA in process Education: BS BA, MBA, MS Accountancy Experience (years): 5+ years accounting experience Work experience (detail): Senior Accountant/Controller at an accounting firm Writing and implementing client SOPs Client-facing financial reviews Leads 5 staff accountants (..)

Real Estate 59

Real Estate accountant Account accounted 59

SkagitCountyTaxServices

AUGUST 26, 2021

Experts say small businesses are best off trying to use about six to ten strategies for taking tax deductions. If you show up with the shoebox of receipts at the last minute and expect us (or any tax preparer, we warn you) to pull some magic deductions out of a hat… well, that’s not gonna work. Meal tickets.

business tax 66

business tax Tax Entertainment Real Estate 66

LyfeAccounting

MARCH 16, 2021

Does this apply to entertainment expenses? This full tax deduction does not appear to apply to entertainment expenses. Or at least the Tax Act does not specifically extend the full deduction to entertainment expenses. We offer various tax services so be sure to get in touch with us today at 470-240-1437.

Tax 52

Tax Entertainment tax return tax preparation 52

Going Concern

MARCH 24, 2023

Music City is the country’s fastest growing entertainment hotspot and an office in Nashville gives Armanino’s team and its clients the trifecta of office locations to serve the entertainment industry. He allegedly received a salary and support services from the tax preparation giant while diverting clients to his own business.

auditor 106

auditor Entertainment audit Real Estate 106

CPA Practice

APRIL 3, 2023

However, they say they will spend more on less discretionary categories such as health care, home or auto maintenance and repair, and economical entertainment options such as streaming. Spending on personal care, pet care, and financial services such as tax preparation is also likely to be maintained.

tax preparation 64

tax preparation Entertainment Technology Tax 64

Basis 365

MARCH 6, 2022

Entertainment If you're attending a business conference, traveling for business, or entertaining a client, you can use a meal as a business tax write-off. Make sure you are working with a qualified tax accountant who can help determine the right deductions for your business. Implementing them is even more complicated.

Tax 52

Tax Entertainment Real Estate Education 52

xendoo

SEPTEMBER 10, 2021

A small business accountant can provide guidance at every stage of your company’s development, and they can be invaluable when it comes to tax preparation, succession planning, and more. After all, most entrepreneurs entertain dreams of growing their businesses. Tax planning. Tax preparation.

online accounting 97

online accounting accountant Account accounted 97

xendoo

JULY 6, 2023

Meal, travel, and entertainment expenses The IRS pays close attention to claims for large meal and entertainment deductions. Similar to home office deductions, taxpayers mistake what they can claim as a meal, travel, or entertainment expense. We’ll get to know your business better and identify the best services for you.

audit 52

audit tax return Entertainment income tax 52

xendoo

JULY 6, 2023

Meal, travel, and entertainment expenses The IRS pays close attention to claims for large meal and entertainment deductions. Similar to home office deductions, taxpayers mistake what they can claim as a meal, travel, or entertainment expense. We’ll get to know your business better and identify the best services for you.

audit 52

audit tax return Entertainment income tax 52

MyIRSRelief

APRIL 22, 2024

Victoria Gardens in Rancho Cucamonga is a premier shopping and entertainment destination in the Inland Empire. With a mix of upscale retailers, dining options, and entertainment venues, it’s the perfect place to spend a day indulging in some retail therapy. Victoria Gardens: Shopaholics rejoice!

Tax 130

Tax payroll tax payroll tax return 130

Going Concern

NOVEMBER 3, 2023

In his teens, Scott was set on making it big in the entertainment and music industry. His entertainment dreams were crushed, and the future looked bleak. After cleaning up his act, Scott rebuilt his life using street smarts and hustle to work his way up at a small tax practice. He was arrested and kicked out of college.

Non-Profits 69

Non-Profits Entertainment accounting and finance accounting degree 69

xendoo

APRIL 8, 2022

Outside of vehicle expenses, there are travel-related expenses that may be tax write-offs. To qualify as a travel expense, it has to be necessary business travel, not travel for entertainment. In general, businesses are no longer able to deduct entertainment expenses for taxes. . Therefore, there is no deduction for them.

business tax 97

business tax Tax Education tax preparation 97

Going Concern

JULY 11, 2024

TAX CANDIDATES FTE Senior Tax Accountant | Candidate ID #21978847 Certifications: CPA Education: BS Accounting, MS Accounting – Taxation Experience (years): 3+ years accounting experience Work experience (detail): 4 tax seasons in public accounting Completed financial analysis for clients Prepared 500+ returns during 2024 tax season SMBs, Sole (..)

Real Estate 59

Real Estate accountant Account accounted 59

Going Concern

JANUARY 19, 2024

Hollywood Oh boy, it turns out that there's a shortage of production accountants in the entertainment industry, which means that there's a great opportunity for people who love crunching numbers and are willing to sell their souls to Hollywood for a paycheck.

Arizona 105

Arizona accounting and finance audit Technology 105

xendoo

SEPTEMBER 2, 2021

Entertainment and Meals . Be prepared to defend your entertainment, travel, and meal expenses to the IRS! Unfortunately, you can’t deduct a meal that came with entertainment, thanks to the Tax Cuts and Jobs Act, unless the meal was a separate expense from the entertainment portion.

Tax 52

Tax Entertainment tax return Education 52

MyIRSRelief

MAY 1, 2024

They can advise on maximizing retirement contributions, choosing the most advantageous business entity, and implementing investment options that minimize your overall tax burden on forms like 1120, 1120S, and 1065. Time Efficiency: Tax preparation and research are notorious time-sinks.

Tax 130

Tax tax planning audit Non-Profits 130

ThomsonReuters

FEBRUARY 8, 2022

Value can be interpreted (and more importantly, is perceived) as helpfulness, entertainment and/or emotional impact. Or a witty cartoon included in your email newsletter or email blast (entertainment). As Boomers transition to a new phase of life, they will be looking to you for more than just tax preparation.

Tax 105

Tax Entertainment payroll bookkeeping 105

ThomsonReuters

APRIL 25, 2024

However, property taxes can be high in some areas. Like Florida, Nevada does not impose state income taxes, offering retirees significant tax savings. The state also boasts a vibrant entertainment scene and a relatively low cost of living. However, sales taxes here can be higher than in other states.

South Dakota 52

South Dakota Rhode Island New Hampshire Wyoming 52

inDinero Tax Tips

NOVEMBER 15, 2021

The current business tax rate is 21% at the federal level, plus state corporate taxes that range anywhere from 0-11.5%. Each state has different tax laws , and it’s a good idea for businesses to get advice for tax preparation. Entertainment costs that were a 50% write-off are no longer considered deductible.

Tax 52

Tax income tax Legal Entertainment 52

MyIRSRelief

OCTOBER 16, 2023

Job-Related Expenses Explore miscellaneous deductions, such as unreimbursed job-related expenses and tax preparation fees. Tax Credits for Individuals 3.1. Popular Individual Tax Credits a. Child Tax Credit Learn about the Child Tax Credit, including recent changes that have made it more accessible to many families.

Tax 130

Tax income tax Education tax return 130

xendoo

JUNE 23, 2021

At tax preparation time, you will need to determine whether the standard or actual cost deduction will save you the most money. #2 6 – Meals & Entertainment. The miles you rack up can include getting to appointments, taking clients to see new properties, and staging homes. 2 – Office Space.

Real Estate 52

Real Estate Tax Legal Start-ups 52

ThomsonReuters

JANUARY 9, 2024

Record a net operating loss: C corps are taxed on their income, but if a business’s losses after deductions exceed its income, it is not liable for taxes that year. Software Everything you need from efficient corporate tax preparation software. The post How are C corporations taxed?

corporation tax 52

corporation tax Tax income tax Non-Profits 52

xendoo

NOVEMBER 1, 2021

Meals with clients can also be deducted from your taxes, though only when these meals also serve as business meetings. If you and a client decide to see a movie or sporting event, these entertainment costs will not count among your normal and necessary business expenses. Don’t wait for tax season to start planning.

Tax 95

Tax Transportation tax return bookkeeping 95

ThomsonReuters

FEBRUARY 2, 2022

Individuals often think of accountants when they want to save time and not get stressed over taxes. You can do this through engaging and even entertaining content. Appeal to their emotions by showing how you can help them through stories of people like them. Marketing to small businesses.

accounting firms 98

accounting firms accountant Account accounted 98

Snyder

DECEMBER 28, 2022

The IRS is on the lookout for taxpayers who try to make deductions for travel, entertainment, or other costs that are personal and not business-related. Don’t try to use hobby expenses to claim a business loss if you don’t want to trigger an IRS tax audit. Hire a professional tax preparer. IRS audit trigger #8.

audit 98

audit Tax tax return auditor 98

Accounting Insight

FEBRUARY 1, 2024

The CCM will ask for a meeting with the business owner(s) if they’re involved in the business as well as those responsible for the record keeping and accounting and tax preparation. HMRC wants, and prefers, a team-on-team approach wherever possible.

corporation tax 52

corporation tax tax return accounting and finance business tax 52

Going Concern

JULY 28, 2023

According to his plea agreement, Fulton and his company provided bookkeeping, accounting, and tax preparation services for Wayne Joseph Nix, 46, of Newport Coast, a former minor-league baseball player who for nearly 20 years ran an illegal bookmaking business.

Gambling 98

Gambling audit Technology accounting firms 98

Ronika Khanna CPA,CA

FEBRUARY 23, 2023

Probably the most popular question posed to accountants and tax preparers (especially around this time of year) is “what types of expenses are deductible?”. Meals and entertainment in which business was discussed. With certain exceptions, only 50% of meals and entertainment can be written off.

Tax 52

Tax tax return business tax income tax 52

Ronika Khanna CPA,CA

APRIL 14, 2022

Decide if you are going to outsource to an accountant or do it yourself Preparing your own unincorporated tax return can be fairly straightforward, especially when using tax preparation software as it guides you through the process. Meals and entertainment that involve clients or business partners.

Tax 52

Tax tax return accounting and finance business tax 52

AdviceForTaxpreparers

JULY 29, 2019

Advice for Tax Preparers Making tax preparers lives easier one blog at a time HOME. I put together this post to bring together any funny and entertaining accounting and tax videos, puns, jokes, pictures, etc. A Democratic tax preparer PTINs the tail on the donkey. Tax Preparer Skills Guide.

tax preparation 212

tax preparation accountant Account accounted 212