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Finding Your Financial Compass: Why Small Businesses in Los Angeles Thrive with Specialized Tax and Accounting Support

MyIRSRelief

Tax specialists familiar with R&D tax credits, stock options, and angel investor regulations are key for tech businesses to navigate their unique financial landscape. Retail and Hospitality: LA’s vibrant culture attracts tourists and locals alike, fueling the retail and hospitality sectors.

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Why Hiring a Tax Pro Boosts Your Small Business (and Saves You Money)

MyIRSRelief

Your tax professional will guide you through tasks like payroll tax deposits, estimated tax payments, and state and local tax regulations for your chosen business structure (C corporation, S corporation, or partnership), ensuring smooth sailing with tax authorities.

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IRS Appeals 2022 Ruling in $11.5 Million Tax Dispute with Mayo Clinic

CPA Practice

Universities are exempt from paying taxes on that type of real estate revenue. Nonprofit hospitals are not exempt. Acknowledging it does provide medical education as a teaching hospital, the IRS position is that Mayo Clinic is a healthcare organization and is not primarily a school. c)2023 the Post-Bulletin.

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IRS Appeals 2022 Ruling in $11.5 Million Tax Dispute with Mayo Clinic

CPA Practice

Universities are exempt from paying taxes on that type of real estate revenue. Nonprofit hospitals are not exempt. Acknowledging it does provide medical education as a teaching hospital, the IRS position is that Mayo Clinic is a healthcare organization and is not primarily a school. c)2023 the Post-Bulletin.

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Friday Footnotes: EY Cancels Christmas; A Very Sucky PwC Report; Should We Tax Robots? | 12.23.22

Going Concern

Hiring, travel for internal events, training and staff Christmas parties have been targeted as part of efforts to curb expenses at the audit and consulting firm ahead of the break-up known as “Project Everest”, people familiar with the matter told the Financial Times. The process, known as confirmation, is part of nearly every audit.

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Friday Footnotes: EY Pulls Out of Winston-Salem; Clients Exposed in Data Breach; Deloitte Olympians | 7.14.23

Going Concern

The fair was open to all majors and was sponsored by PricewaterhouseCoopers (PwC), which is among the Big Four accounting firms, offering clients various professional business services, including accounting, auditing, human resources consulting, and strategy management.

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How are LLCs taxed? LLC tax benefits and tips to reduce taxes

ThomsonReuters

Now, if an LLC has employees in addition to its members, or owners, the LLC must collect and pay payroll taxes, which include unemployment, Medicare, and Social Security taxes — also known as FICA taxes (i.e., Federal Insurance Contributions Act), or “self-employment” tax. The post How are LLCs taxed?

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