Shay CPA

FEBRUARY 15, 2023

Don’t shoot the messenger: it’s time to do your taxes. Plus, getting things in order before you go to your accountant can streamline the process, helping you avoid extra expenses like troubleshooting services from your bookkeeper or rush-order billable hours with your CPA. Very few founders enjoy doing their taxes. for 2022.

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Shay CPA

DECEMBER 2, 2022

Founders – check out our tips below that can save your Startup thousands of dollars in Income Taxes, Payroll Taxes, Sales Taxes, and foreign taxes. . R&D Tax Credits: Did you know that if your startup conducts R&D activities it can qualify for up to $500,000 in Payroll Tax Credits?

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CPA Practice

APRIL 14, 2023

have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return, the IRS said on Wednesday. billion in refunds remain unclaimed because people have not filed their 2019 tax returns yet. Under the law, taxpayers usually have three years to file and claim their tax refunds.

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CPA Practice

APRIL 13, 2023

have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return, the IRS said on Wednesday. billion in refunds remain unclaimed because people have not filed their 2019 tax returns yet. Under the law, taxpayers usually have three years to file and claim their tax refunds.

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KROST

MAY 11, 2021

This is a preview of one of the articles in the new KROST Quarterly Real Estate Issue , titled “There are several tax incentives available to the real estate industry. Whether you invest in, build, design, or make significant renovations to real estate, a closer look at these opportunities could increase cash flow and/or reduce tax burden.”

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Shay CPA

DECEMBER 27, 2023

Fortunately, as specialists in tech company tax compliance, we can guide you through what you need to know. Submit your final tax filings Some states (including Delaware) require you to get fully paid up on your taxes before you can dissolve your corporation. Acting fast might save you from being subject to 2024 taxes.

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CPA Practice

MAY 17, 2023

The property tax life cycle is a complex beast, and taming it can be both frustrating and time-consuming. Take business personal property renditions, also known as personal property returns. Did you know that businesses typically spend an average of 132 hours per week on various personal property tax compliance tasks ?

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KROST

MARCH 16, 2021

citizens and business to get over this devastating pandemic, the “Coronavirus Aid, Relief, and Economic Security Act” (CARES Act) was enacted in March 2020, providing many tax provisions that favor taxpayers. To help stimulate the economy and U.S. Background. Bonus Depreciation. To help taxpayers implement the change, the IRS released Rev.

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KROST

JANUARY 13, 2021

In 2017, the Tax Cuts and Jobs Act (TCJA) amended Internal Revenue Code (IRC) Section 1031 to limit nonrecognition treatment to exchanges of real property for 1031 Exchanges completed after December 31, 2017. Federal vs. State. New Provision to the Proposed Regulations. Read the full Real Estate Issue ».

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Withum

FEBRUARY 26, 2024

In this release of Venture To Know we discuss structuring and the most common fund structures and entity types from a tax perspective. For tax purposes, all entities are generally classified as partnerships. Usually, LLCs are taxed as partnerships. Consequently, it becomes mandatory to file a partnership tax return.

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CPA Practice

APRIL 10, 2023

Still, whatever discomfort I experience when booking a room has nothing on what lodging platforms have to endure to comply with the multitude of lodging tax requirements in the United States. We talk a lot about how complicated sales tax compliance is at the Avalara Tax Desk, and it is. Sometimes you just have to go with it.

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LyfeAccounting

JULY 23, 2021

The 1031 exchange specifically comes from Section 1031 in the Internal Revenue Code, and it allows real estate investors to defer paying taxes on real estate gains. This means, you can avoid the biggest expense of them all, which are taxes, and instead use that money to reinvest and make even more money. Example of a 1031 Exchange.

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CPA Practice

APRIL 19, 2023

By Evan Rosen, New York Daily News (TNS) The White House released President Biden’s tax returns on Tuesday, showing he and the first lady recorded an income of about $580,000 in 2022, just below their total from 2021. The release came Tuesday, the deadline for Americans to file their taxes with the IRS. for the first couple.

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CPA Practice

DECEMBER 11, 2023

By Matt Hamilton, Los Angeles Times (TNS) Hunter Biden, the president’s son, was indicted Thursday in Los Angeles on several federal tax charges, marking the start of a second criminal case that will proceed during his father’s reelection campaign. attorney in Delaware, as special counsel.

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Going Concern

JULY 8, 2022

Plus, Pennsylvania accountant loves tax evasion, North Carolina CPA indicted on securities fraud charge, and Kentucky accountant gets jail time for sex trafficking. Hammer, who pleaded guilty in August 2018 to one count of filing a false tax return, was the financial officer for various companies controlled by Michael D.

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CPA Practice

MARCH 29, 2024

Led by Abbe Lowell, Biden’s legal team contended that intense political pressure from Republican lawmakers and former President Trump had improperly influenced the case, led to the collapse of a plea deal for Biden and prompted prosecutors to “up the ante” and secure far more serious indictments in both Delaware and Los Angeles. “Is

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CPA Practice

JANUARY 12, 2024

By Matt Hamilton, Los Angeles Times (TNS) Hunter Biden, the son of President Joe Biden, pleaded not guilty Thursday in downtown Los Angeles on federal tax charges—one of two criminal cases filed after the collapse of a plea deal that would have averted trial during the 2024 campaign season. The tax case in L.A.

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CPA Practice

JUNE 22, 2023

The committee also approved the release of a transcript of the private session, which was held because the documents included taxpayer information protected under section 6103 of the tax code. Shapley first contacted the House Ways and Means and Senate Finance panels in April, and in May testimony, told the committee that the Delaware U.S.

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