Going Concern

AUGUST 25, 2023

sent letters to the executives of Intuit, H&R Block, the American Coalition for Taxpayer Rights and the Free File Alliance, a group of tax preparation companies that provide free online services through the IRS website. Former Auditor at Newport Beach Commercial Real Estate Agency Pleads Guilty to Embezzling More Than $2.7

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CPA Practice

MARCH 19, 2024

Marriage The first question that a lot of newlyweds ask themselves and/or their tax preparer is – “Can we still file as single?” If you are legally married, the answer is no, and you may not want to anyway given the potential tax implications. Jamie Scott is a partner at The Bonadio Group.

Tax 52

Tax Real Estate tax preparation Education 52

ThomsonReuters

JANUARY 28, 2022

Tax accountants who only need office space for a few months out of the year must spend a lot of time before tax season looking for good options. In a tight real estate market, that can be hard to find. Companies that only offer tax services have to start over each year building a brand through marketing and advertising.

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Going Concern

JANUARY 26, 2024

“It is reflective of a declining population of individuals who are pursuing those degrees that would allow them to sit for the CPA exam, but that’s coupled with the fact that there’s less students in general,” Grzes said. This survey reflects many of the challenges that professionals in CPA firms of all sizes are currently facing.

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KROST

NOVEMBER 10, 2020

Greg is the Managing Principal of KROST and has been actively involved with the firm’s business consulting and tax practice for over 37 years. From tax preparation to cybersecurity risk assessment, KROST is well-versed in the manufacturing and distribution industry challenges to help navigate clients through many issues.

Manufacturing 55

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CPA Practice

MARCH 26, 2024

Real estate broker in prison One of the loan applicants who paid Lorquet a kickback was Daniela Rendon, who immigrated to the United States a decade ago, according to court records. government, used her job as a Miami real estate broker to carry out her crime with Lorquet’s assistance, Bailyn said.

Real Estate 124

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ThomsonReuters

JUNE 15, 2021

Starting your own CPA firm may seem like a distant fantasy, but with barriers to entry lower than they’ve ever been, it could be closer than you think. Most small CPA firm owners have years of experience working for larger firms and find themselves wanting to utilize that experience to serve clients in their own way.

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CPA Practice

NOVEMBER 9, 2023

Strategies for real estate professionals – Determines if a taxpayer qualifies as a real estate professional and can deduct losses from real estate activities against ordinary income and whether the net investment tax applies.

Real Estate 52

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Going Concern

MARCH 24, 2023

Reminder: you have until April 17 to weigh in on a proposal to extend the CPA exam window Practice Is it time for firms to transform their business model? The federal government levies taxes on collectibles held for more than a year at a top rate of 28%. It generally levies a top 20% rate on other investments.

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ThomsonReuters

JULY 6, 2023

Let’s take a look at what tax advisory is and how you can take advantage of this approach to serving clients. What are tax advisory services? Typically, tax advisors have more experience and education than accountants and are well-versed not only in accounting, but in tax law, finance, and business strategy.

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ThomsonReuters

MAY 5, 2022

That is a question firms should consider as they reflect on the tax season. Leading up to tax time, there are potential clients ranging from individuals to major corporations who may be on the hunt for a new tax preparer. For example, maybe you have a strong interest in real estate?

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KROST

FEBRUARY 23, 2021

This is a preview of one of the articles in the new KROST Quarterly Real Estate Issue , titled “Opportunity Zones and Cost Segregation” by Guest Contributor Artur Babaian. Deferring gain into an Opportunity Zone investment differs from a 1031 exchange deferral, which is familiar to most real estate investors.

Real Estate 52

Real Estate Delaware Tax tax planning 52

LyfeAccounting

AUGUST 10, 2021

Not to invest in stock markets, real estate, or your business. . But no, literally, just to pay taxes to the government. By the way, speaking of stock and real estate, we have another post that discusses which is the better investment – stocks vs real estate investing. Or how about real estate?

Real Estate 52

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CPA Practice

JANUARY 24, 2023

Unlike other industries, cannabis business leaders must navigate an industry with exceptionally high tax rates and complex, ever-changing legal requirements. Outsourcing also helps ease worries and provide operators with comfort in knowing year-end tax preparation will go smoothly, and all accounting records will comply with Sec.

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SkagitCountyTaxServices

FEBRUARY 4, 2021

Working with business owners gives the chance to do a lot of damage to tax bills … but personal taxes are still “a thing” Below is a list of what you will need during the tax preparation process on the personal side. Nonetheless, it’s a useful tax checklist.

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CTP

FEBRUARY 20, 2024

By Dominique Molina, CPA MST CTS You’re in the business of tax planning, and you pride yourself on being the go-to expert for navigating the complex world of taxes. Tax strategies can include optimizing itemized deductions, considering tax-efficient investment vehicles, and planning for children’s education costs.

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SkagitCountyTaxServices

OCTOBER 2, 2020

Tax returns aren’t about wealth — they’re about “income”, and how that is defined. Business owners and real estate investors have access to powerful tax advantages that wage earners do not … and wage-earners probably wouldn’t understand them. Padgett & Padgett, PLLC CPA.

Real Estate 52

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SkagitCountyTaxServices

JANUARY 18, 2023

Consultants come in a lot of varieties and can help (or claim they can) in many areas of business from advertising and marketing to how to handle expanding growing human resources needs to advising on real estate purchases to protecting data as a company grows… among many others. Who they should be. On your team, Steve Padgett.

Real Estate 52

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Snyder

NOVEMBER 17, 2022

This magazine deals with all the crucial matters of accounting like tax preparation and tax law, bookkeeping and accounting standards, auditing, financial planning, wealth management, and the latest accounting technology. Accountancy blog for CPAs. CPA Practice Advisor. It’s professional advice from a CPA to a CPA.

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SkagitCountyTaxServices

AUGUST 26, 2021

Experts say small businesses are best off trying to use about six to ten strategies for taking tax deductions. If you show up with the shoebox of receipts at the last minute and expect us (or any tax preparer, we warn you) to pull some magic deductions out of a hat… well, that’s not gonna work.

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business tax Tax Entertainment Real Estate 64

Going Concern

JANUARY 19, 2023

The IRS Criminal Investigation unit has released its top cases for 2022 and in it we get reality TV personalities, a rogue tax preparer, some garden variety PPP fraud, and even a former decathlete with his own Wikipedia page. million in fraudulent tax refunds and attempted to obtain at least $27 million more. government.

Tax 64

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xendoo

APRIL 27, 2023

You are a real estate mortgage investment conduit (REMIC) operating as a partnership, you’ll file Form 1066 instead. Form 1065 is due three months after the end of the tax year—on the 15th day to be exact. So it’s best practice to file an extension if you’re not prepared to file by the deadline. When to file Form 1065?

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xendoo

APRIL 27, 2023

You are a real estate mortgage investment conduit (REMIC) operating as a partnership, you’ll file Form 1066 instead. Form 1065 is due three months after the end of the tax year—on the 15th day to be exact. So it’s best practice to file an extension if you’re not prepared to file by the deadline. When to file Form 1065?

Non-Profits 52

Non-Profits tax return cpas bookkeeping 52

xendoo

AUGUST 30, 2023

Large-scale restaurants, breweries, casinos, and hotels generally need additional funding for real estate, equipment, and labor. SBA’s 504 loans are for purchasing fixed assets like real estate and equipment. We provide CFO services , bookkeeping, accounting, and tax preparation for growing businesses.

bookkeeping 52

bookkeeping Non-Profits Real Estate accounting and finance 52

xendoo

AUGUST 30, 2023

Large-scale restaurants, breweries, casinos, and hotels generally need additional funding for real estate, equipment, and labor. SBA’s 504 loans are for purchasing fixed assets like real estate and equipment. We provide CFO services , bookkeeping, accounting, and tax preparation for growing businesses.

bookkeeping 52

bookkeeping Non-Profits Real Estate accounting and finance 52

MyIRSRelief

NOVEMBER 19, 2021

That’s why so many people choose to hire a tax preparer/ EA, Attorney, CPA, they don’t want the hassle of doing it themselves, and they trust an expert to handle their business. Tax credits to look out for. Earned Income Tax Credit (EITC). Child and Dependent Care Credit.

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xendoo

APRIL 8, 2022

Because legal and accounting are necessary expenses to operate a business, they count as tax write-offs. This small business tax deduction covers any consultants you hire for running your business, including attorneys, accountants, tax preparers, and advertising agencies.

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Nancy McClelland, LLC

DECEMBER 26, 2023

The IRS is now planning a phase-in of $5,000 for tax year 2024. As a bookkeeper, accountant or tax preparer, it’s important to protect your small business clients by making sure all taxable income is being reported on their books/returns. 1098 This form is to report mortgage interest and real estate taxes.

bookkeeping 52

bookkeeping tax return Non-Profits Tax 52

Nancy McClelland, LLC

DECEMBER 26, 2023

The IRS is now planning a phase-in of $5,000 for tax year 2024. As a bookkeeper, accountant or tax preparer, it’s important to protect your small business clients by making sure all taxable income is being reported on their books/returns. 1098 This form is to report mortgage interest and real estate taxes.

bookkeeping 52

bookkeeping tax return Non-Profits Tax 52