TaxConnex

FEBRUARY 27, 2024

Your sales tax obligations depend on knowledge and that knowledge often resides in a professional tax specialist (usually an accountant) who helps your company meet its sales tax obligations. This is a complicated time for sales tax obligations – and a terrible time to try to hire an accountant.

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Shay CPA

DECEMBER 7, 2022

Before you shut down your tech company, you need to take some final tax steps. . We’ve seen founders left holding the bag in resolving tax issues, even years after they thought they had closed their companies. Sales tax accounts. State franchise and income tax accounts. Especially your state accounts.

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ThomsonReuters

JANUARY 18, 2024

How IT professionals can protect tax information at accounting firms 2. A modern approach to tax data security 3. Accounting firms are entrusted with a wealth of sensitive financial data, including tax records, income statements, and other confidential information. Jump to: 1. Let’s take a look.

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Accounting Insight

JUNE 1, 2023

Wolters Kluwer Tax & Accounting (TAA), a leading global provider of software, integrated workflow solutions, and information for tax, accounting, audit, and compliance professionals, today announced the appointment of Bas Kniphorst as Executive Vice President and Managing Director for TAA Europe, effective June 1.

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TaxConnex

JUNE 9, 2022

What’s new in May for state sales and use taxes. There’s always something changing in the world of tax, especially sales tax. Exempting groceries from sales tax as American families struggle with inflation and other economic woes is politically tempting. million in taxes a year on the sale of groceries.

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CPA Practice

NOVEMBER 5, 2024

In his current role, he advises clients on all aspects surrounding charitable organizations including planned giving, complex assets, legal, tax, and administration issues. He received his JD from the Columbus School of Law at the Catholic University of America and his LLM in tax from Loyola Law School.

Indiana 52

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ThomsonReuters

JANUARY 28, 2022

Tax season is a critically busy time of the year for accountants, and we all know the stress that can come with such a high demand for services during that part of the year. But for some tax and accounting firms, the high volume of clients from January to April represents the majority of their business for the year.

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CPA Practice

JULY 27, 2023

Five alumni of Auburn University who teamed together to create the software development company SmartWiz have been awarded $150,000 in developmental funds by Google to advance and distribute their tax accounting software.

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Anders CPA

JUNE 24, 2024

With the news of the impending reschedule, tax relief for cannabis companies is in sight: since IRS tax code 280E only applies to schedule I and II controlled substances, a reschedule to schedule III will remove the application of IRC code section 280E to cannabis businesses. appeared first on Anders CPA.

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Withum

MAY 19, 2023

” This section is intended to apply to all cannabis licensees in the State of New Jersey who are subject to corporate income tax. Companies subject to IRC 280E can often experience effective tax rates as high as 80%- 100% (with some publicly traded MSOs reporting even higher effective rates).

New Jersey 64

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CPA Practice

JUNE 1, 2023

Before early 2024, tax teams must learn how to balance the additional requirements of the Base Erosion and Profit Shifting (BEPS) 2.0 Pillar Two will impose new data reporting requirements and additional global tax compliance challenges for multinational business with turnover greater than 750M EUR. By David Woodworth.

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Going Concern

OCTOBER 3, 2024

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

Real Estate 109

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ThomsonReuters

DECEMBER 19, 2023

Jump to: What are green taxes? How are environmental taxes calculated? Current ESG tax credits and initiatives What are the benefits of an ESG tax strategy? Accountants play a critical role in helping their clients navigate ESG tax credits and green taxes. What are green taxes?

Tax 52

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Xero

JANUARY 30, 2024

Property investment accounting, or landlord accounting, manages your property portfolio assisting with tax compliance and return on investment. Your success lies in solid financial and legal foundations to weather storms – real or metaphorical. You’ll need a quantity surveyor to prepare a tax depreciation schedule.

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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?

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xendoo

JANUARY 26, 2023

As a business owner, you probably know that you should file taxes on time. However, if you’ve fallen behind on taxes, you’re not alone. Over 33% of Americans procrastinate doing taxes until the last minute. Reasons for procrastinating taxes vary. What happens if a business doesn’t file taxes by the due date?

Tax 52

Tax tax return Non-Profits Legal 52

ThomsonReuters

APRIL 2, 2024

While the exact details of the investigation remain undisclosed, the IRS’s involvement suggests potential tax evasion and money laundering charges. The outcome of this probe could have significant legal and financial consequences for both Mizuhara and Bowyer.

Gambling 105

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Anders CPA

MARCH 25, 2024

Setting a cash target for your legal practice is like deciding how much extra fuel to carry in your car. Mistake #1: Using One Bank Account for Multiple Purposes Solution: Have an operating account, a cash reserve account, a tax account, and a client trust account. Mistake #2: Taxes?

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inDinero Tax Tips

NOVEMBER 4, 2021

However, most businesses are unprepared and need IRS tax audit help. An audit is the way the Internal Revenue Service (IRS) ensures that what’s being reported on your tax return matches your business activities. Some of them are easily avoidable with diligence and care in tax reporting. What is an Audit? IRS audits can be scary.

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xendoo

APRIL 8, 2022

Many small business owners miss out on tax savings simply because they aren’t aware of what tax deductions are available. As professional accountants, we know all the small business tax deductions that can save you money, and we’re sharing them in this tax deductions checklist. . What is a tax deduction?

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Going Concern

JUNE 13, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Accountingfly can help!

Real Estate 59

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CPA Practice

AUGUST 15, 2023

Understand your legal and regulatory obligations, develop adequate policies to secure client data and protect your practice. Presenters will also address the WISP and how to apply IRS guidance in the individual tax preparer’s office. Program level: Basic (no prerequisites required).

Tax 52

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ThomsonReuters

SEPTEMBER 3, 2024

The 2024 Generative AI in Professional Services research conducted by the Thomson Reuters Institute provides a comprehensive overview of the burgeoning role of GenAI across various professional sectors, including legal, tax, accounting, risk, and government. Similarly, in corporate sectors, this belief rose from 53% to 60%.

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CPA Practice

JANUARY 17, 2023

Foreign qualification is legally registering a business in another state to conduct business. Again, because LLCs and corporations are legally formed in one state, any activity in another requires foreign qualification. Sales tax regulations and economic thresholds vary by state, so ensure your client knows what is expected.

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South Dakota income tax Legal payroll tax 111

Shay CPA

FEBRUARY 28, 2024

Don’t shoot the messenger: it’s time to do your taxes. Plus, getting things in order before you go to your accountant can streamline the process, helping you avoid extra expenses like troubleshooting services from your bookkeeper or rush-order billable hours with your CPA. Very few founders enjoy doing their taxes. for 2024.

Tax 52

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xendoo

JANUARY 16, 2023

Filing taxes as a small business owner can be complex, with numerous factors to consider. From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate.

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xendoo

JANUARY 30, 2023

Minimizing your company’s tax burden can help maximize profits. One way of doing this is through business tax credits. Leveraging the right tax credits can save your business thousands of dollars in taxes each year. However, there are many types of business tax credits and the IRS has strict eligibility requirements.

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LyfeAccounting

NOVEMBER 9, 2020

And more importantly, what are the tax benefits of choosing an LLC over another entity? In this post, I’m going to explain all of the tax benefits related to LLCs. It is not meant to take the place of legal and accounting advice specific to your business. The tax loopholes associated with LLCs. LLC Tax Loopholes.

Tax 52

Tax CPA tax return accounting and finance 52

CPA Practice

OCTOBER 3, 2024

You need to know how your payroll partner will help you meet legal requirements and protect your firm from the risk of costly penalties. Gustavo Fernandez is President of Payroll Service Pros, a family-owned business specializing in comprehensive payroll administration and tax compliance services for companies of all sizes.

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CPA Practice

APRIL 24, 2024

A new bill recently introduced by lawmakers in both the House of Representatives and the Senate would improve the IRS’s math error procedures—a power used by the agency to quickly adjust a taxpayer’s federal income tax return if it contains a simple mistake or clerical error. You owe money on your taxes as a result of these changes.

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xendoo

FEBRUARY 13, 2023

If you’re wondering how to pay less in taxes, you’re not alone. Everyone—from individuals to business owners—wants to know how to lower their taxes. Tax laws are complicated and they can change each year. Our tax accountants know all the tax breaks for business owners and how to leverage them.

Tax 59

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CPA Practice

AUGUST 14, 2024

Learning Objectives: Identify the key strategic goals for your small accounting firm and how they impact your tech stack. Evaluate the components of an effective tech stack, including tax compliance solutions, workflow tools, and data analytics.

Technology 52

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ThomsonReuters

SEPTEMBER 7, 2023

Jump to: Child and dependent care credit FAQs What is kiddie tax? What is the adoption tax credit? Claiming children on taxes Choosing the best tax preparation software As all working parents know, the cost of child and dependent care can be a significant financial burden.

Tax 52

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CPA Practice

MARCH 22, 2024

By Brian Gordon, Raleigh News & Observer (TNS) With offices overlooking right field of Durham Bulls Athletic Park, the tax compliance software provider Avalara intends to add 100 workers to its downtown location in Durham, NC, by the end of the year. We want to scoop up the talent leaving other companies that are in decline.”

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Going Concern

JULY 10, 2024

620 of the survey’s more than 2200 respondents are in tax, accounting, and global trade while 115 are in risk and compliance-type jobs, the rest are in legal (1253) or C-suite execs (217). This number is even higher in the tax firm and tax, accounting, and trade groups if you can believe that.

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Ryan Lazanis

SEPTEMBER 19, 2023

The Top 43 Examples of Accounting Websites Without further ado, in no particular order, here are 43 examples of the best accounting websites you should explore to gain valuable ideas and insights into effective design and content strategies. MBS Accountancy Since 2011, MBS Accountancy has served U.S.

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Going Concern

NOVEMBER 24, 2023

Bonuses will also be cut, with staff in KPMG’s 2,900-strong tax and legal arm receiving 55 per cent of the full amount that could have been paid, an insider said. Tax Court Provides Evidentiary Lesson On Professional-Reliance Defense [ Forbes ] Reasonable cause is a common defense to civil tax penalties.

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