Fri.Feb 21, 2025

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How Mike Habib, EA Can Help Los Angeles Business Taxpayers Resolve EDD Employment Payroll Tax Controversies

MyIRSRelief

Running a business in Los Angeles comes with its fair share of challenges, and one of the most daunting can be navigating the complexities of Californias Employment Development Department (EDD) payroll tax requirements. For business taxpayers facing EDD employment payroll tax controversies, the stakes are high. Unpaid back taxes, EDD audits, penalties, and unresolved tax issues can lead to financial strain, legal complications, and even the risk of business closure.

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The Double-Sided Coin: Is the Grass Greener with QuickBooks?

SchoolofBookkeeping

Introduction Welcome to another lively Workshop Wednesday where we engage in casual conversations about serious workflows. This week, we're diving into the pros and cons of using QuickBooks. QuickBooks and the Accountant Community Since the mid-2010s, QuickBooks has been a cornerstone for accountants, thanks to its robust features and comprehensive support network.

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Key Points from The Housing Opportunity Through Modernization Act of 2016

Withum

The Housing Opportunity Through Modernization Act (HOTMA) was signed into law on July 29, 2016, amending many aspects of multifamily housing programs (as well as programs administered through the Offices of Public and Indian Housing and Community Planning and Development). The U.S. Department of Housing and Urban Development (HUD) did this in the interest of aligning its requirements across its programs or because the underlying program statute required HUD to make the revisions.

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BOI Reports Now Due by March 21, 2025

Dent Moses

A recent court ruling means businesses must file their Beneficial Ownership Information (BOI) reports under the Corporate Transparency Act (CTA). New Deadlines: Most businesses must file by March 21, 2025 , if you have not already filed. New businesses (formed on or after Feb. 18, 2025) must file within 30 days of creation. Businesses with disaster relief extensions should follow those specific deadlines.

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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Thoughts on the rise or fall of accounting

Accounting Today

Our profession has withstood many sea changes and survived them and then some.

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Using Estimates to Calculate Damages

FraudFiles

Tracy talks about how experts use estimates when they calculate economic damages. Are you speculating or guessing? Or do you have a reasonable basis for your numbers?

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Common COGS Misconceptions Related To Construction

Randal DeHart

If you've been a long-time reader or a contracting company owner, you've probably heard about " Cost of Goods Sold " (COGS). But what does it really mean, and why is it crucial for your construction business's success? Understanding COGS isn't just about accountingit's about making smart decisions for profitability, pricing, and more. 1. What is the Cost of Goods Sold (COGS)?

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On the move: EY names San Diego office MP

Accounting Today

Brown Plus appoints first information technology director; IFRS Foundation announces new Advisory Council chair; and more news from across the profession.

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Improving Work-Life Balance Firm-Wide During Busy Season

Canopy Accounting

Traditionally, busy season in the accounting industry has been a time to cancel all personal plans, batten down the hatches, and grind through overtime until your family barely recognizes you, but with the right technology, guardrails, and strategic planning, it doesnt have to be.

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Itemized Deductions A-Z Series – Full Series of Posts

Dent Moses

This series is intended to cover the most common deductions. Please keep in mind that there are always exceptions; whats more, your situation or facts may be different from someone else. We recommend that you consult with your tax advisor before taking any action. Part 1: The Basics Part 2: Deductions and Medical Expenses Part 3: Deduction for Taxes Part 4: Deducting Mortgage Interest & Investment Interest Part 5: Contributions & Charitable Giving Part 6: Casualty & Theft Losses Part

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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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DOJ, SEC investigating $32M CrowdStrike deal with Carahsoft

Accounting Today

Prosecutors and regulators are investigating a deal between CrowdStrike Holdings and a technology distributor to provide cybersecurity tools to the IRS.

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Trump eyes tariffs to counter digital taxes despised by big tech

Accounting Today

President Trump is expected to sign a memorandum that opens the door to levies in response to digital services taxes some countries impose on U.S. tech giants.

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Trump's growing focus on tariff revenue raises trade war odds

Accounting Today

Trump needs as much revenue as he can get as Republicans in Congress work to iron out a plan to extend the 2017 tax cuts that are due to expire later this year.

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