Shay CPA

NOVEMBER 16, 2023

Think back to the earliest days of your startup. Building your 2024 budget should be a lot easier than, say, budgeting for your company before it ever existed. Building your 2024 budget should be a lot easier than, say, budgeting for your company before it ever existed. How did that happen?

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CTP

JULY 27, 2023

Profiting off your investments while also reducing your tax bill is a delicate balancing act. With expert assistance, you can identify the approach that best fits your financial situation. With expert assistance, you can identify the approach that best fits your financial situation.

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CTP

JULY 27, 2023

This type of nuanced tax advice may take time to outline for your clients, but the result can be major savings that demonstrate the value of working with a tax professional. In this blog, we’ll cover two strategies that can turn a downfall into a win: loss harvesting and loss carryovers.

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ThomsonReuters

JANUARY 2, 2024

The Working Groups issued a Request for Information (RFI) , seeking input from a host of entities, ranging from unions, care advocacy groups, business groups, and think tanks, to suggest ideas on how the program should be funded, the suggested scope, and the role of the federal government. Requests for responses are due January 31, 2024.

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ThomsonReuters

OCTOBER 12, 2023

Jump to: What is foreign income? What is FEIE? How to report foreign income What is Form 1099-DIV? Tax implications for owning property abroad What is FATCA? Helping clients with foreign income tax forms For U.S. citizens living abroad or earning income from foreign sources, questions often arise on how the U.S.

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ThomsonReuters

DECEMBER 22, 2020

Congress has passed, and the President is expected to sign, year-end appropriations legislation that includes a variety of provisions affecting employer-sponsored benefit plans—some relating to the COVID-19 public health emergency and others with broader applicability.

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LyfeAccounting

FEBRUARY 4, 2021

?. Over the course of 2020, the rules related to PPP forgiveness application have changed. Some revisions have made the process easier for businesses with smaller loan amounts. The latest stimulus relief bill passed in December of 2020 had two provisions that could help people with smaller loan amounts. Now, what has changed?

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ThomsonReuters

OCTOBER 21, 2022

” The Social Security Act of 1935 followed, where contributions to the Old-Age, Survivors, and Disability program were imposed through a payroll tax on both employers and employees. .” Then, the Fair Labor Standards Act of 1938 (FLSA) established minimum wage, overtime pay, recordkeeping, and youth employment standards. .

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Mark Lee

JULY 5, 2022

A popular approach to getting your attention (and often your money) is to tell you that there is ‘one thing’ you must do to achieve your ambitions and succeed. I see this all over the place, in blogs, articles, videos and social media posts. Blog regularly or pay someone else to do this for you.

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ThomsonReuters

OCTOBER 21, 2022

” The Social Security Act of 1935 followed, where contributions to the Old-Age, Survivors, and Disability program were imposed through a payroll tax on both employers and employees. .” Then, the Fair Labor Standards Act of 1938 (FLSA) established minimum wage, overtime pay, recordkeeping, and youth employment standards. .

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LyfeAccounting

JUNE 7, 2021

So, this is a really important post because, it’s not just about avoiding paying taxes, it’s about developing a new mindset that will allow you to build long-term wealth. You usually don’t start feeling the impact of taxes on your income until you start hitting the 22% tax bracket or higher. Keep reading!

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ThomsonReuters

JANUARY 16, 2024

How is the EITC changing? For 2023, the phaseout of the allowable earned income tax credit will begin at $16,370 for joint filers with no qualifying children ($9,800 for others with no qualifying children), and at $28,120 for joint filers with one or more qualifying children ($21,560 for others with one or more qualifying children).

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Anders CPA

MARCH 22, 2024

Pat discusses the power of podcasting for cannabis businesses and the benefits of interview-based podcasting. If you’re a cannabis company owner or operator who’s ready to scale your business, grow your profits, and plant the seeds to take your business to new heights. This show is for you.

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ThomsonReuters

OCTOBER 22, 2021

Naturally, many of the wary are waiting with bated breath for the ETS to take effect because they look forward to the opportunity to identify it as the reason for changes to their vaccine policies. Company positions along the spectrum of vaccine mandate acceptance. Some have done just that, including Tyson Foods Inc.,

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inDinero Accounting

JANUARY 9, 2023

Accountants’ specialized knowledge can support your startup business in many ways. When it comes to number of employees, sales, and market share, startups look an awful lot like small businesses. Growth Focused: Big Businesses in Infancy Unlike small businesses, startups are built with rapid growth in mind.

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inDinero Accounting

JANUARY 9, 2023

If your startup is relying on the person who’s best at numbers for your accounting, you can be setting yourself up for failure like: Misinterpreting cash flows. Holding back your growth. Accountants’ specialized knowledge can support your startup business in many ways. Growth Focused: Big Businesses in Infancy.

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Xero

MAY 17, 2022

Tax time will look a little different this year compared to last, with the conclusion of the JobMaker and JobKeeper schemes and business slowly returning to normal. If you’re using Single Touch Payroll (STP), ensure all of your pay runs have been filed to the ATO successfully. Process any pay runs for the 2021/22 financial year.

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ThomsonReuters

MARCH 19, 2024

And even if a company decides to pay an assessment and get on with business, it must decide whether to fix the issue that led to the audit in the first place, or agree to disagree and fight the issue again in the next audit. Jump to: When should you contest an audit? How should you prepare for an audit defense? Neither decision is simple.

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inDinero Tax Tips

DECEMBER 13, 2021

Credit: Kelly Sikkema The year is wrapping up, and like a good business owner, you’re already preparing your books for tax season. This can be especially nerve wracking as business taxes constantly change from year to year. Here are 2021 tax changes to look out for.

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inDinero Tax Tips

DECEMBER 13, 2021

The year is wrapping up, and like a good business owner, you’re already preparing your books for tax season. This can be especially nerve wracking as business taxes constantly change from year to year. Here are 2021 tax changes to look out for. Federal Tax Changes for 2021. Business Meal Deduction.

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PYMNTS

OCTOBER 24, 2016

There’s an epidemic running rampant in the world of matchmaker businesses. It’s particularly alarming since it’s one of those mysterious diseases that strikes when businesses least expect it — so there seems to be no real way to prevent it from happening. And all of you who aren’t matchmakers and think you’re immune, maybe think again.

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ThomsonReuters

JULY 7, 2022

Once you’ve had a chance to catch your breath following the spring busy season, it’s time to remind your clients that tax planning is where you can really add value. The applicable rate depends on your client’s taxable income. It may limit your client’s opportunity to take advantage of this strategy.

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ThomsonReuters

JUNE 16, 2023

Keeping pace with the ever-changing tax regulatory landscape can be difficult and time consuming. This is especially true for small businesses given the numerous tax implications they face. Noncompliance can result in hefty fees, penalties, and audits. This is especially true in light of the 2022 Inflation Reduction Act.

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ThomsonReuters

JUNE 28, 2023

The rule would change the current, more abbreviated and employer-friendly version of the DOL’s economic realities test, back to something representing its prior rule that would rely on several factors, which tend to favor an employee relationship. Background on DOL’s rule. 

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ThomsonReuters

MARCH 1, 2021

Whether it’s beer, bread or a decent hourly wage, employees want to be properly compensated for the work or service they perform for an employer. This makes a business’s payroll department very important since it is typically an employer’s greatest expense. Remuneration is the money paid for work or a service. In Like a Lion.

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