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.

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Accounting Today

DECEMBER 23, 2024

A Washington, DC tax accountant pleaded guilty for submitting falsified documents in his application for a $1.4 million purchase loan, which he later received.

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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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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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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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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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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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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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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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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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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.

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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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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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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!

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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).

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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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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.

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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?

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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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Going Concern

JULY 26, 2024

RSM US Had a Good Year Tax Super-rich being advised how to avoid Labour tax clampdown, undercover investigation suggests [ Isle of Man Today ] Didn’t KPMG get in trouble for this years ago? One promoter told how his client had placed £30m into a pension scheme to protect it from inheritance taxes. Yes, yes they did.

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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?

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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.

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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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ThomsonReuters

NOVEMBER 8, 2022

Most accountants know that choosing the right accounting technology can boost the ability to serve clients, satisfy staff, and build deeper client relationships.?But But how do you take full advantage of technology to streamline accounting processes? . Standardize your tax workflow. Tax preparation. The result?

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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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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!

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Going Concern

JANUARY 9, 2025

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!

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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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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).

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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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inDinero Tax Tips

MARCH 29, 2021

Sometimes, just for fun, we tax accountants love to quiz each other—and today you get a peek into our legendary sense of humor! The answer—both of these tax code sections might save you some serious cash if you’re planning to sell your C-corp stock. Generally, the tax on capital gains is 15% or 20% of your net sales amount.

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Shay CPA

NOVEMBER 20, 2024

Of course, taxes are often the rain over many profit realization parades. But if you do things right — that is, in accordance with a certain section of the Internal Revenue Code (IRC) — you can seriously limit the size of the tax hit you take. And when you sell them, you’ll get a payout that reflects all your years of hard work.

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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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Going Concern

NOVEMBER 21, 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 52

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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.

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ThomsonReuters

SEPTEMBER 2, 2021

What is a tax provision? Simply put, a tax provision is the estimated amount of income tax that a company is legally expected to pay to the IRS for the current year. A tax provision is just one type of provision that corporate finance departments set aside to cover a probable future expense.

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