ThomsonReuters

JULY 6, 2023

If you’re a tax and accounting professional, you’ve likely found yourself answering numerous questions related to your clients’ tax returns. Whether it’s advising on residential energy tax credits or restructuring a partnership, your knowledge and expertise beyond the tax return are valuable.

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Withum

JANUARY 13, 2022

Now that these programs are expiring it is time to report all these funds on taxpayer’s 2021 business tax returns. This article will serve as a cheat sheet to taxpayers and practitioners to properly report COVID-19 relief funds on their 2021 tax returns. PPP EIDL ERC FFCRA SVOG R R F. Paycheck Protection Program (PPP).

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xendoo

JULY 6, 2023

Generally, the chances of the Internal Revenue Service (IRS) auditing you are low. However, businesses tend to have more complex tax returns, so auditing is a concern. Typically, the IRS only goes back to audit tax returns that you’ve filed within the last three years. How far back can the IRS audit tax returns?

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xendoo

JULY 6, 2023

Generally, the chances of the Internal Revenue Service (IRS) auditing you are low. However, businesses tend to have more complex tax returns, so auditing is a concern. Typically, the IRS only goes back to audit tax returns that you’ve filed within the last three years. How far back can the IRS audit tax returns?

audit 52

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CPA Practice

SEPTEMBER 17, 2024

Since joining the firm in 2021, Brianna has excelled in accounting, auditing, compliance, financial statement preparation, tax return preparation, and special projects. Nathan, who joined the firm in 2022, has shown outstanding proficiency in accounting, compliance, tax return preparation, business valuations, and special projects.

Construction 52

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xendoo

JANUARY 12, 2022

These businesses can also file for a tax extension, and this extension must also be received by April 18. Once your extension is approved, your new tax deadline becomes October 17, 2022. It’s important to remember that your tax return must be at least postmarked by the due date. This date, of course, assumes you’re ready.

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xendoo

APRIL 27, 2023

With all the responsibilities that come with running a business, it can be difficult to stay on top of the latest tax requirements, regulations, and deadlines. Form 1065 is a complex tax form with many requirements. You are a real estate mortgage investment conduit (REMIC) operating as a partnership, you’ll file Form 1066 instead.

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xendoo

APRIL 27, 2023

With all the responsibilities that come with running a business, it can be difficult to stay on top of the latest tax requirements, regulations, and deadlines. Form 1065 is a complex tax form with many requirements. You are a real estate mortgage investment conduit (REMIC) operating as a partnership, you’ll file Form 1066 instead.

Non-Profits 52

Non-Profits tax return cpas bookkeeping 52

ThomsonReuters

JUNE 15, 2021

When I worked for a former employer, they did nothing but tax returns for their clients – no tax planning, no projections, no advice around law changes – that was it,” says Angie. To me, the tax return should be the last thing we worry about. And that completely shocked me.

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ThomsonReuters

JANUARY 28, 2022

Tax accountants who only need office space for a few months out of the year must spend a lot of time before tax season looking for good options. In a tight real estate market, that can be hard to find. Stay top-of-mind with tax and accounting clients all year. Find better office space options.

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xendoo

JANUARY 16, 2023

The IRS taxes corporations as separate legal entities, which opens them up to double taxation. The IRS then taxes them at the corporate income tax rate. Shareholders still must file their personal income tax returns and report the corporate dividends and capital gains they get as part of their taxable income.

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LyfeAccounting

MAY 5, 2021

So naturally, people have started to want to know what capital gains tax rates are, and want to know how they will be impacted. Now, most people know about capital gains tax from the real estate they own. But, the capital gains tax extends beyond just real estate. Real Estate.

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Withum

NOVEMBER 17, 2022

Geography, such as distressed zones, enterprise zones, or tax-increment finance districts. Contact a member of Withum’s Tax Services Team to start planning as year-end approaches. Year-End Tax Planning for Businesses. The corporate tax rate is currently a flat 21% rate. Energy credits. Not-for-profits.

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inDinero Tax Tips

NOVEMBER 15, 2021

Each state has different tax laws , and it’s a good idea for businesses to get advice for tax preparation. These are businesses where the owners pay taxes on their individual tax returns, and they are increasingly becoming the new standard. They may be sole proprietors, partnerships, LLCs, LLPs, or S corporations.

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Going Concern

JANUARY 19, 2023

Las Vegas tax preparer sentenced to prison for multiple fraud schemes King Isaac Umoren was sentenced to 13 years and three months in prison for filing false tax returns, aggravated identity theft, wire fraud, money laundering and impersonating an FBI agent. He was also ordered to pay nearly $9.7

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Going Concern

FEBRUARY 16, 2024

Detroit woman accused of being unlicensed real estate agent, CPA charged [ The Detroit News ] A Detroit woman accused of working as an unlicensed accountant and an unlicensed real estate agent has been charged, the Michigan Attorney General’s Office said.

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