CPA Practice

AUGUST 16, 2024

Launched in 2005, CAP helps large corporations improve federal tax compliance. Resolve issues before filing tax returns and comply with federal tax laws. Ensure accurate tax returns, shortening the IRS audit process. The application period lasts until Oct.

Tax 105

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MyIRSRelief

OCTOBER 2, 2023

You don’t have a lot of money to spend on accounting and tax services. The truth is, accounting, taxes and bookkeeping are essential for all businesses, regardless of size or age. To comply with tax laws. These programs can help you track your income and expenses, generate financial reports, and file your taxes.

tax services 130

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SMBAccountant

MAY 17, 2024

The Checklist Legal Structure and Registration (Get a lawyer) First, you must decide on your legal structure (e.g., Different legal structures offer varying degrees of liability protection for business owners. It will also have tax implications and different regulatory compliances the business will have to follow.

accounting software 130

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TaxConnex

OCTOBER 12, 2023

And one thing that can pound a stake through the heart of a promising M&A is unearthing past tax liability during due diligence. Enter past-due sales tax, a sometimes-overlooked and haunting liability that might not get the attention of, say, overdue income or property tax, until it’s too late. Requirements can vary widely.

Sales 113

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MyIRSRelief

MARCH 15, 2023

As a trucker, filing taxes can be a daunting task. The paperwork, deadlines, and complex tax laws can leave you feeling overwhelmed and uncertain about your tax obligations. However, failing to file your taxes can have severe consequences, including back taxes, penalties, and even legal action.

tax accountant 130

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ThomsonReuters

JANUARY 8, 2024

Automation of routine tasks One of the most significant ways AI has revolutionized the tax and accounting profession is through the automation of routine tasks. Automation of routine tasks One of the most significant ways AI has revolutionized the tax and accounting profession is through the automation of routine tasks.

Tax 101

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CTP

OCTOBER 28, 2024

In recent years, tax planners have increasingly been recruited to work alongside family offices. Many large CPA firms offer financial advisory services including family office services for high-net-worth families. Adding a knowledgeable tax planner to their team can greatly increase the value the firm provides its clients.

Tax 105

Tax Government Real Estate payroll tax 105

xendoo

FEBRUARY 15, 2022

If you own a business or earn a significant income, you may be wondering how to manage your tax situation and how much a tax consultant costs. There is a lot to consider when weighing the costs and benefits of hiring a tax consultant. A tax consultant can help with any of these issues. What Does a Tax Consultant Do?

tax consultant 103

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Going Concern

OCTOBER 14, 2022

Whistleblowers accuse EY of whitewashing suspicious trades at longstanding client [ Financial Times ]. Whistleblowers have accused EY of whitewashing suspicions of money laundering and tax evasion in an investigation it conducted this year for longstanding client Leonteq. appeared first on Going Concern.

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CTP

JULY 16, 2024

As tax planner, you have frequent conversations with clients about possible tax strategies and strive to provide reliable advice in response to their questions. Having a system in place for promptly and clearly documenting your advice and the details of your tax plans is essential for a number of reasons: Managing Risk and Liabilities.

tax planning 94

tax planning Tax Legal financial statements 94

Going Concern

APRIL 12, 2024

ICYMI: These are the most-read articles on Going Concern this week: Tax Preparer Finds Out in the Worst Way Possible That ERC Wasn’t a Free Money Glitch Survey Says: Which Group of Auditors Are Most Satisfied With Their Salaries? the auditor of Tesla Korea, about the company’s financial statements for last year.

CPA 105

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CPA Practice

JUNE 24, 2024

Tax Preparation Checklist: A comprehensive list of documents and information needed from clients for tax preparation, such as income statements, expense receipts, and previous tax returns. Year-End Tax Planning Checklist: A tool for clients to prepare for year-end tax considerations and planning strategies.

accounting firms 124

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SMBAccountant

NOVEMBER 17, 2021

This typically happens in at least 2 withdrawals; net pay and payroll taxes. You would post the net pay to a labor expense account and the payroll taxes to a payroll expense account. This is incorrect and causes labor to be understated and taxes to be overstated. 190 would be withdrawn for taxes.

payroll 130

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ThomsonReuters

JULY 6, 2023

Tax teams prepare tax provisions by gathering data, performing calculations, and entering the results into forms. However, corporate tax teams find it difficult to automate this process. What are the benefits of tax provision software? How can tax provision APIs streamline calculations?

Tax 92

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CPA Practice

DECEMBER 13, 2023

Tax season can be exhilarating for its intensity but stressful if your firm has all its balls in one court. Diversifying with tax-adjacent advisory services can add value to your existing clients, build recurring revenue streams and increase the likelihood of your tax clients returning next season. By Alex Loewenstein.

Tax 105

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CPA Practice

OCTOBER 16, 2023

Accountants are crucial for guiding clients through the various financial and administrative aspects of running a business. Tasks like meeting minutes might not be the most exciting part of running a business, but they are crucial for ensuring transparency, accountability, and legal compliance. Which Companies Need Meeting Minutes?

Legal 116

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Snyder

DECEMBER 28, 2022

Many small business owners often feel like they might be a heartbeat away from the IRS tax audit. percent of small businesses are getting tax audited. What’s interesting is that the less income you have, the higher the chance of a tax audit. What is a tax audit? Meeting a tax auditor is as frightening as meeting a ghost.

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MyIRSRelief

OCTOBER 18, 2024

Navigating the complexities of tax liabilities can be daunting for many taxpayers. One of the avenues available for those struggling with significant tax debt is the IRS Offer in Compromise (OIC) program. Purpose of the Transaction: The IRS examines whether the transaction was conducted to avoid paying taxes or for legitimate reasons.

Tax 130

Tax Sales financial statements Legal 130

Going Concern

MARCH 8, 2024

Deloitte Legal Chief Sees Opportunity in GCs’ Need to Modernize [ Bloomberg Law ] GC = general counsel The new global head of Deloitte’s legal services arm said he’s focused on delivering more integrated consulting to general counsel while acknowledging the Big Four’s entry into legal services has gone slower than many anticipated.

audit 100

audit auditor New York Legal 100

Withum

JUNE 21, 2024

As dealership operations begin to come back online, what can dealerships do to ensure that the events of the last 48 hours are documented in the system, the correct taxes are paid, sales and service work is correctly recorded, employee hours are allocated, and you’re asking the right questions and more?

Legal 116

Legal Sales financial statements Tax 116

CPA Practice

OCTOBER 18, 2023

Accountants are crucial for guiding clients through the various financial and administrative aspects of running a business. Tasks like meeting minutes might not be the most exciting part of running a business, but they are crucial for ensuring transparency, accountability, and legal compliance. Which Companies Need Meeting Minutes?

Legal 105

Legal payroll tax audit financial statements 105

Going Concern

DECEMBER 8, 2022

People on the inside have said that the split is delayed as the firm hammers out the details, mostly legal. While the headline points have been agreed, negotiations over several detailed issues have not been completed, a person familiar with the matter said.

auditor 105

auditor Legal audit financial statements 105

MyIRSRelief

AUGUST 14, 2023

Dealing with tax-related issues can be overwhelming, and one such issue is an IRS wage garnishment. An IRS wage garnishment, also known as a wage levy or wage attachment, is a legal action taken by the Internal Revenue Service (IRS) to collect unpaid taxes. What is an IRS wage garnishment?

tax return 130

tax return Legal Tax audit 130

MyIRSRelief

AUGUST 14, 2023

Dealing with tax-related issues can be overwhelming, and one such issue is an IRS wage garnishment. An IRS wage garnishment, also known as a wage levy or wage attachment, is a legal action taken by the Internal Revenue Service (IRS) to collect unpaid taxes. What is an IRS wage garnishment?

tax return 130

tax return Legal Tax audit 130

Going Concern

OCTOBER 31, 2022

The story is behind a paywall but Law.com says that during a recent Law.com webinar, EY global law leader Cornelius Grossmann said a new EY company, split from its audit business, would focus on largescale clients and projects that are multidisciplinary in nature, with legal services being a key—but not dominant—component. Happy Spoopy Day!

Account 105

Account accountant accounted audit 105

Going Concern

OCTOBER 3, 2024

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can assist you! With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs.

Real Estate 110

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ThomsonReuters

OCTOBER 18, 2024

Statutory reporting is a critical process for multinational corporations, involving the preparation and submission of financial statements to comply with legal obligations across various jurisdictions. ← Blog home In the industries of business and finance, statutory reporting is a cornerstone of transparency and compliance.

Non-Profits 52

Non-Profits Legal financial statements tax return 52

xendoo

FEBRUARY 24, 2021

Do you need someone who can help you file your taxes and stay compliant? . A small business bookkeeper or bookkeeping service can support you with everything from simple bookkeeping to offering more in-depth tax filing services and business consulting. Financial reports. Keep you up-to-date. File your returns.

bookkeeping 86

bookkeeping bookkeeping services accounting and finance payroll 86

Withum

JANUARY 12, 2024

The purpose of a PPA is to determine the fair value of the acquired assets and liabilities, which is essential for accurate financial reporting. Legal and Tax Compliance Accurate allocation of the purchase price is important for legal, tax, and regulatory compliance. Why Do I Need One?

Real Estate 75

Real Estate accounting standards financial statements accounting principles 75

Cherry Bekaert

JUNE 9, 2023

Companies are becoming extremely sophisticated and those leveraging DeFi technology can cause unseen, added complexity with accounting, reporting and tax compliance matters. tax return and financial statement reporting. How Cherry Bekaert Can Help?

Account 98

Account accountant accounted accounting and finance 98

Snyder

AUGUST 12, 2022

Both bookkeepers and accountants work with your finances, both help make your tax reporting a smooth experience. An accountant will analyze this data, do reporting, give you financial advice, and offer you tax processing services. Bookkeepers provide an essential insight into the financials of the company.

bookkeeping 98

bookkeeping Account accountant accounted 98

Withum

OCTOBER 5, 2023

This model has been essential to growing virtual health businesses that need to remain in compliance with the Corporate Practice of Medicine (CPOM) laws; however, there are several legal and tax considerations to be aware of when considering whether to file a consolidated federal income tax return for the entities within the structure.

tax return 59

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Going Concern

JULY 31, 2023

Related: PwC settled ‘false LPP’ penalties days before bid to suppress emails [ Australian Financial Review ]: The Tax Office signed a confidential settlement with PwC in March involving the firm’s false claims for legal professional privilege over 150 documents related to tax advice to a multinational client.

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Cherry Bekaert

JANUARY 29, 2024

Reconciling items are required to be presented on a gross basis with two exceptions (unrecognized tax benefits and effects of certain cross-border tax laws).

income tax 95

income tax financial statements accounting standards Tax 95

MyIRSRelief

JULY 3, 2023

Contact us for professional tax help today! During an ERC audit, the IRS reviews the business’s records, including payroll records, tax returns, and supporting documentation related to ERC claims. Understanding ERC IRS Audits 1.1 What is an ERC IRS Audit? ERC IRS Audit Process 2.1 What Happens During an ERC Audit?

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Going Concern

JANUARY 3, 2025

The San Francisco-based HR tech company Employer.com focuses on payroll and onboarding, in contrast to Bench, which specializes in accounting and tax. The new platform of roughly 12,000 professionals will include a united Trans-Atlantic advisory and tax practice, as well as independent audit practices.

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MazumaBusinessAccounting

MAY 31, 2022

Remember, the IRS recommends keeping tax-related documents for at least six years. Documents such as tax returns, receipts, bank statements, or pay stubs can also be kept in a safe deposit box or simply a locked file at home. You may be tempted to toss old financial records in the trash. The Benefits of Record Keeping.

tax return 98

tax return Real Estate Tax audit 98