Accounting Today

JULY 25, 2024

The Internal Revenue Service reported further progress on offering more online tools and expanded taxpayer service.

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Accounting Today

DECEMBER 12, 2024

The Internal Revenue Service is adding more features to the Tax Pro Account, Business Tax Account and Individual Online Account, and starting a new enforcement campaign.

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DuctTapeMarketing

JULY 14, 2018

Prepare the books for tax season. Setting up your chart of accounts to be tax-ready from the start will help you with tax saving opportunities and help you prepare for your tax liabilities, with no surprises. Xendoo is an online accounting and bookkeeping service dedicated to small business owners.

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CPA Practice

JANUARY 8, 2024

The IRS has announced that it will start accepting and processing tax returns on Monday, Jan. million individual tax returns to be filed by the April 15, 2024, tax deadline. Although the IRS will not officially begin accepting and processing tax returns until Jan. The agency expects more than 128.7

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Accounting Today

JULY 14, 2023

The Internal Revenue Service is making progress on its modernization efforts after receiving billions in extra funding.

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online accounting Account accountant accounted 98

Withum

MARCH 2, 2022

With the kickoff of the 2021 tax season, many taxpayers are gathering their information and trying to determine how recent legislative changes may apply to them when filing their 1040. One of these changes was to the Child Tax Credit. What is the Child Tax Credit? Let your accountant know that you received advance payments.

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CPA Practice

APRIL 29, 2024

Cytron Filing taxes for your clients doesn’t have to be a drain on your firm’s time, energy, and resources. Wrestling with sky-high tax season burnout and subpar work-life balance. Redundant and draining tasks that eat away at a tax professional’s time and energy. By Scott H. For many, this is “business as usual” at their firm.

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Insightful Accountant

DECEMBER 14, 2023

Tax training has been added to the QuickBooks Online Accountant, ProAdvisor Training tab. Training is available for both ProConnect Tax Online and Intuit Tax Advisor products.

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CPA Practice

APRIL 22, 2024

The list serves as a reminder to remain vigilant about tax scams not only during tax season, but all year long. Taxpayers should take note, given the uptick in problems seen in recent years: The IRS received 294,138 cases of tax-related identity theft during fiscal year 2023, up from the 92,631 cases seen in FY 2019.

Tax 121

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Nancy McClelland, LLC

JANUARY 12, 2025

It’s tax time, you’re digging through your records… and your preparer or tax software asks about tax payments you’ve already made. “What is an IRS Account Transcript and Why Do I Need One?” Initially, this was to confirm the amounts of stimulus payments and child tax credit payments.

Tax 52

Tax tax return Account accountant 52

CPA Practice

OCTOBER 2, 2023

October 16 is this year’s deadline for taxpayers who requested additional time to file their taxes. However, taxes expected to be owed were required to be owed by the original April 18, 2023, deadline. 24, 2024, to file various individual and business tax returns. This list continues to be updated regularly. 16 due date.

South Carolina 124

South Carolina Georgia Tax income tax 124

CPA Practice

OCTOBER 2, 2023

As part of a larger effort to improve technology, the Internal Revenue Service has added new features to its Tax Pro Account system that allow tax professionals access to new services to help their clients. Other enhancements will allow tax professionals to view their client’s tax information, including balance due amounts.

Tax 119

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CPA Practice

DECEMBER 18, 2023

The Internal Revenue Service has launched the second phase of a new online self-service tool for businesses that expands business tax account capabilities and eligible entity types. Available at IRS.gov/businessaccount , the new business tax account is a key part of the agency’s continuing service improvement initiative.

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xendoo

JANUARY 31, 2022

New Year, New Tax Requirements. In the past, although all business owners were required to report their earnings on their Federal Tax Returns , only those who received payments of $20,000 or more through payment apps also reported their earnings using Form 1099-K. Tax Compliance Done for You . Keep reading to find out!

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CPA Practice

JANUARY 29, 2024

The Internal Revenue Service opened the 2024 tax season on January 29, 2024, accepting and processing federal individual tax returns, and announcing that it expects more than 146 million individual tax returns for 2023 to be filed this filing season. Online Account. The Where’s My Refund? Paperless processing.

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CPA Practice

AUGUST 7, 2024

The Internal Revenue Service and the Security Summit partners are reminding tax professionals that using multi-factor authentication is now more than an important protection for their businesses and their clients – it’s now a federal requirement. A key part of tax pro security now revolves around MFA.

Tax 119

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xendoo

MARCH 18, 2021

A skilled accountant will keep you tax compliant and ensure that you’re always in-the-know and focused on the big picture when it comes to your financials. And cost can definitely feel like a huge barrier here – it can be hard for a small business to afford to hire an accountant. What does online accounting software do?

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xendoo

FEBRUARY 23, 2022

As tax season looms, you may be wondering whether you should have an accountant prepare your taxes. In addition to considering how much an accountant costs , you’ll also want to consider how long an accountant will take to do taxes compared to trying to do it yourself. State or local property tax.

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CPA Practice

SEPTEMBER 9, 2024

The deadline for taxpayers to submit their third quarter estimated tax payment is one week from today. However, individuals and businesses affected by disasters in 17 states, Puerto Rico, and the Virgin Islands may automatically qualify for a delayed tax-payment deadline, the IRS said last week.

West Virginia 95

West Virginia South Dakota South Carolina North Carolina 95

xendoo

NOVEMBER 2, 2021

When making a major purchase for your business, you are expected to spread the tax deduction out over the lifespan of that purchase, which provides small tax savings over the years. Business owners can take advantage of Bonus Depreciation and Section 179 to invest in their businesses, resulting in an enormous tax break! .

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Cherry Bekaert

SEPTEMBER 21, 2023

Colorado The Colorado Department of Revenue (DOR) recently created an informational section on its website specifically for the state’s pass-through entity (PTE) Tax election. These can be filed online through a taxpayer’s Revenue Online account beginning September 1, 2023, and until June 30, 2024.

Minnesota 101

Minnesota Oregon Nebraska Mississippi 101

xendoo

NOVEMBER 2, 2021

When businesses are born, business owners are likely not daydreaming about taxes and payroll. Yet, they still face the unique challenge of figuring out how to pay themselves, file their taxes, and maximize their tax savings. Like most things involving taxes, it gets complicated. How Do I Pay My Taxes as an S-Corporation?

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xendoo

NOVEMBER 22, 2021

Every partnership owner faces the unique challenges of self-payment, tax filing, and maximizing their tax savings. Although they would rather focus on growing their business, taxes and payroll often take up too much of their valuable time. . How Do I Pay My Taxes as a Partnership Owner? No Double Taxation .

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CPA Practice

JANUARY 11, 2023

Fourth quarter 2022 estimated tax payments are due on or before January 17, 2023. Many taxpayers, especially the self-employed, are required to make quarterly estimated tax payments during the year, and others do so voluntarily to stay current on their taxes. How to make an estimated tax payment. What’s taxable?

Tax 98

Tax Real Estate income tax Non-Profits 98

Snyder

FEBRUARY 7, 2023

Tax liability is an inevitable part of running a business. Every year business owners have to bear the burden of the tax season, paying taxes for income, payroll, property, sales, and so on. In total, nearly 30% of a business’ income is needed to cover all tax payments. What exactly are tax deductions? Contents: 1.

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xendoo

JULY 12, 2021

Specifically, we’d like to talk about how your business can lean on an accountant to aid with the various elements of the recovery process. An online accounting service is always important. Whether times are good or bad, the work a reliable accountant does for a business is indispensable. Let’s take a closer look. .

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online accounting Account accountant accounted 59

Ryan Lazanis

JUNE 8, 2023

Online accountant forums can be a valuable resource for accounting professionals looking to expand their knowledge, connect with peers, and stay up-to-date on industry trends. In this post, we’ll explore the benefits of participating in online forums for accountants and enumerate which ones are worth joining.

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CPA Practice

FEBRUARY 12, 2024

Once upon a time, tax preparation was a document-heavy practice, requiring people to send their sensitive documents to their CPAs. The digitalization of the financial sector generally, and tax services in particular, has expanded access to high-quality tax services while making filing taxes more streamlined and convenient.

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CPA Practice

APRIL 24, 2023

If you missed the tax deadline, it isn’t the end of the world, and IRS agents aren’t going to knock on your door anytime soon. The Internal Revenue Service says taxpayers who missed the April 18 tax-filing deadline should file as soon as possible. They may qualify for an additional extension of at least 180 days to file and pay taxes.

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xendoo

MARCH 18, 2021

It’s time to go beyond merely tracking the ins and outs of your books and to start focusing on accounting and the financial health of your growing business. Choosing an online accounting service for your small business is the best way to keep your books updated, in compliance, and thriving.

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Going Concern

APRIL 3, 2024

With the 2024 filing season winding to a close, the IRS is rolling out its annual ‘Dirty Dozen’ list of the “worst of the worst” scams taxpayers, business owners, and tax practitioners should be aware of. Unexpected tax refunds are another potential lure for scam artists.

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CPA Practice

OCTOBER 16, 2023

October 16 is this year’s deadline for taxpayers who requested additional time to file their taxes. However, taxes expected to be owed were required to be owed by the original April 18, 2023, deadline. 24, 2024, to file various individual and business tax returns. This list continues to be updated regularly. 16 due date.

South Carolina 111

South Carolina Georgia income tax Vermont 111

CPA Practice

JULY 5, 2024

IRS Commissioner Danny Werfel recently dropped by the studios of NBC10 in Boston to talk about tax scams, the agency’s Direct File tax-filing software, and how the IRS is trying to reach a younger audience via social media. Virtually, Emmett the cat is warning taxpayers about bad tax advice that’s circulating on social media.

Tax 115

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xendoo

DECEMBER 6, 2021

Prepare for Tax Season Now. The earlier tax preparation starts, the greater the savings will be when tax season arrives. Start by taking a look at your financial statements and tax bills from previous years, which will provide an idea of what will be owed this year. We would love to get to know you and your business.

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SkagitCountyTaxServices

SEPTEMBER 19, 2024

owner=19530343 Something else you should be thinking about: Estimated taxes for Q3 are due today, September 16th (as of this writing). These last two Q3 and Q4 tax payment deadlines seem to always be trickier for business owners, for whatever reason. How to Pay Estimated Taxes: Is Your Skagit County Business Doing This Right? “A

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xendoo

AUGUST 24, 2021

How do taxes factor in? Tax filing is simplified too! How to Pay Your Taxes. Because of this, you are only required to file a personal tax return. Be aware that sole proprietors are required to withhold self-employment taxes, which contribute to Social Security and Medicare. How much do you pay yourself?

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Accounting Insight

JANUARY 16, 2025

Do you feel ready to do your Self Assessment tax return with a smile this year? Late filing The deadline for filing your Self Assessment tax return online is midnight 31 January 2025. If you are over 3 months late submitting your tax return, you will have to pay more. You can estimate your fine using this tool on HMRC.

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