SkagitCountyTaxServices

AUGUST 26, 2021

One thing you can expect from me come rain or shine is to keep you in the loop on changes to all things tax-related. There are some important changes to small business tax deductions rolling out, and not all deductions apply to all Skagit County businesses. Document document document. Meal tickets.

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CTP

JANUARY 16, 2024

This refers to the individual who directly files the document that creates or registers the company. To orient yourself to these new regulations and stay up-to-date on compliance requirements for 2024, become a Certified Tax Planner today. Company Applicants.

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SkagitCountyTaxServices

DECEMBER 14, 2022

And, while we’re at it, we can also talk about how to help lessen your 2022 tax bill. Let’s start right here with these year-end business tax moves you can make before December 31st…. Padgett’s 8 “Right Now” Business Tax Moves “Time is money.” – Ben Franklin. 8 business tax moves to make RIGHT NOW.

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ThomsonReuters

NOVEMBER 11, 2021

The practice is being increasingly regulated to ensure that profits are taxed at the place where value is created. In fact, a global effort is underway to tighten the restrictions and increase the documentation requirements for this practice, adding a significant amount of work and responsibility to the task of the corporate tax professional.

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SkagitCountyTaxServices

MARCH 17, 2023

Getting into planning mode is going to require you actively carving out some time in your busy business owner schedule… whether you’re facing doing taxes on your own (not recommended) or meeting up with your favorite tax pro (wink, wink). Your deductions depend on the circumstance of your small business.)

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ThomsonReuters

DECEMBER 14, 2020

Business Tax Professionals. The tax rules and regulations U.S. On top of these final regulations, there are a lot of proposed regulations for business taxation and proposed and final regs on the individual income tax side, as well.”. Most importantly, you want to document the tax now while things are happening.

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SkagitCountyTaxServices

DECEMBER 8, 2021

Year-End Business Tax Strategy for Skagit County SMB Owners “We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.” – Winston Churchill. Year End Business Tax Strategy #1: You’re the boss. You still have until Dec.

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Snyder

FEBRUARY 7, 2023

In this article, you’ll learn what tax deductions are, which expenses are deductible, and how to minimize the risks of the IRS tax audit. What exactly are tax deductions? How to claim small business tax deductions 2. 12 tax deductions that apply to small businesses 3. What is a 100% tax deduction?

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FraudFiles

OCTOBER 19, 2021

Tax returns can be one of the most important pieces of information a forensic accountant evaluates in a divorce case. Of course, there are other very important financial documents, but income tax returns provide summary information about of lot of financial issues, including income, expenses, and assets.

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CTP

JANUARY 16, 2024

This refers to the individual who directly files the document that creates or registers the company. To orient yourself to these new regulations and stay up-to-date on compliance requirements for 2024, become a Certified Tax Planner today. Company Applicants.

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MyIRSRelief

DECEMBER 15, 2022

Here are some steps you can take to tackle the task: Take an inventory: First, make a list of all the records you have, including bank/credit card statements, invoices, receipts, and other documents. What is income tax preparation service? They will then organize these documents in a way that is useful for preparing the tax return.

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Snyder

OCTOBER 30, 2022

Tax filing deadlines and taxes themselves become a really big deal for e-commerce business owners, adding even more stress to their busy lives. Read till the end to find a helpful table with all important 2023 Tax Deadlines for the Tax Year 2022! How much do small businesses pay in taxes?

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MyIRSRelief

MARCH 15, 2024

Audit Representation: Facing an audit by the IRS, FTB (Franchise Tax Board), EDD (Employment Development Department), or CDTFA (California Department of Tax and Fee Administration) can be intimidating.

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Patriot Software

AUGUST 2, 2023

Most businesses need—or will at some point need—an Employer Identification Number (EIN). You include your EIN on documents like Form W-2 and business tax returns. To get an EIN, you must apply with the IRS. In response, the IRS will send you an EIN confirmation notice called Form CP-575.

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ThomsonReuters

NOVEMBER 28, 2023

To understand how your firm stacks up in terms of the need for automation , ask yourself: What is your process for gathering client documents? How are you preparing and reviewing the tax return? What is your process for creating supporting documentation/workpapers? How are you delivering the tax return?

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xendoo

FEBRUARY 23, 2022

Complicated tax situations like inheritance, small business taxes , or other big life changes usually warrant bringing in a certified public accountant or CPA. . How Much Time Does it Take an Accountant to Prepare Taxes? A number of factors affect the time it takes to file taxes. Tax Accounting Software.

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SMBAccountant

JANUARY 27, 2022

If you're struggling with managing your business finances while trying to do your business taxes yourself - give us a call! We offer a wide range of services and products that will make this time of year easier for you and ensure that everything is organized correctly.

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RogerRossmeisl

JUNE 19, 2023

If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete documentation or try to create records months (or years) later. In doing so, they fail to meet the strict substantiation requirements set forth under tax law.

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RogerRossmeisl

OCTOBER 30, 2023

Are employees at your business traveling and frustrated about documenting expenses? Or perhaps you’re annoyed at the time and energy that goes into reviewing business travel expenses. There may be a way to simplify the reimbursement of these expenses.

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xendoo

JANUARY 31, 2022

The IRS Schedule C is used by sole proprietors and single-owner LLCs to report your small business taxes and is part of your personal tax return. We understand that business taxes can seem confusing, if not overwhelming. In this instance, the couple will use two Schedule C forms when filing small business taxes.

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MyIRSRelief

SEPTEMBER 8, 2020

The IRS doesn’t care about how busy you are, they don’t care about years of backed up bookkeeping, financial worries, or anything else, they simply care about you filing your accurate business tax return annually and paying what you owe. Always stick to tax deadlines. Get a free evaluation today 1-877-788-2937.

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MyIRSRelief

MAY 22, 2023

Tax Audits: A tax audit is an examination of an individual or business’s tax return by the Internal Revenue Service (IRS) or the Illinois Department of Revenue to ensure that the tax return is accurate and complies with tax laws.

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CPA Practice

APRIL 13, 2023

The path to digital Thanks to the agency’s digitization effort, entrepreneurs will be able to file all of their tax documents and respond to notices online. For example, a new tool will allow business owners to respond to as many as nine notices online. Businesses will now be able to file their Form 1099s online as well.

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Ronika Khanna CPA,CA

MARCH 22, 2024

Ensuring that you stay on top of your tax obligations is fairly straightforward and the following measures can actually help to contribute to more effective business operations: Know Your Business Tax Obligations and Deadlines. Remember that the onus to be on top of your tax obligations is on you.

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inDinero Tax Tips

JUNE 24, 2023

Business tax deductions – three words that can cause stress and confusion for even the most seasoned entrepreneurs. Most business owners spend their days managing operations, nurturing client relationships, and focusing on growth goals. However, there are some specific rules and regulations to keep in mind.

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xendoo

FEBRUARY 25, 2022

Be Ready for Tax Season. No one enjoys tax season (not even accountants), but paying taxes is a required part of keeping your business tax compliant. If you don’t have accurate records, you may miss out on deductions or income on your tax returns. What Documentation Should You Have?

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inDinero Tax Tips

JULY 11, 2023

How To Calculate the Home Office Deduction Required Documentation Conclusion If this guide does not answer a tax deduction question, skip the Google labyrinth and try our ultimate business tax deductions guide or consult the IRS source documentation on the home office deduction.

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RogerRossmeisl

JULY 27, 2021

If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete documentation or try to create records months (or years) later. In doing so, they fail to meet the strict substantiation requirements set forth under tax law.

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MyIRSRelief

AUGUST 9, 2021

You never want to fail to report on time or even worse refuse to file your taxes. If you end up receiving notice of action by the IRS for failure to report your company’s business tax returns you are subject to several penalties. The best thing you can do is contact a tax specialist and discuss your 911 urgent tax help problem.

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inDinero Tax Tips

NOVEMBER 7, 2023

Net Operating Loss Limitations Record Keeping and Documentation Conclusion Navigating tax advantages like net operating losses can be a headache. InDinero’s business tax services can save you time and money, as our team of professionals will ensure you’re making the most of every tax year.

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xendoo

JULY 6, 2023

Businesses can take steps to avoid triggering an audit. For example, online bookkeeping and business tax services can file accurate returns, on-time for you so you avoid common audit triggers. What documents will you need during an audit? How long does it take for the IRS to audit businesses?

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xendoo

JULY 6, 2023

Businesses can take steps to avoid triggering an audit. For example, online bookkeeping and business tax services can file accurate returns, on-time for you so you avoid common audit triggers. What documents will you need during an audit? How long does it take for the IRS to audit businesses?

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Withum

JULY 28, 2022

Document your gross receipts or governmental orders now, and remember that one of the requirements of the ERC program is that you must maintain adequate documentation for at least 4 years after the date the tax becomes due or is paid, whichever comes later. Business Tax Services. Contact Us. Contact Us.

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Ronika Khanna CPA,CA

DECEMBER 2, 2022

Alternatively, some shareholders also take dividends in addition to a salary depending on their tax planning strategy. The process of submitting preparing and submitting the dividend declarations and the documents that need to be filled out and returned to the CRA and MRQ are discussed below: Digital Download. available at Amazon.

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ThomsonReuters

AUGUST 2, 2022

When you use tax technology to link returns using a tax ID number, your staff doesn’t have to make the same changes across multiple documents. By comparing a tax return with last year’s documents, tax technology detects inaccuracies before it’s too late to fix them. Detect inaccuracies.

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ThomsonReuters

OCTOBER 6, 2023

Tax season is hard enough: you don’t need to make it harder on your team and clients with outdated technology and a stagnant process. Modernizing document collection Requesting and gathering the necessary client documents and data is the first phase of the tax prep process and often the most challenging.

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SkagitCountyTaxServices

APRIL 27, 2023

If you don’t have a big staff and get pulled in a lot of different directions and you’re doing the mundane task of organizing your tax documents … you might be a small business owner. Most business owners are not equipped to do all of these tasks well, so, you do the best that you can. Starting with documentation.

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