CPA Practice

NOVEMBER 27, 2023

The Augusta Rule, known as Section 280A by the Internal Revenue Service, allows homeowners in any income bracket to rent out their homes for up to 14 days without the obligation to report the rental income as taxable on their tax return.

tax planning 98

tax planning Tax income tax tax return 98

CPA Practice

MAY 8, 2024

The 39-year-old Japanese-language interpreter has reached a plea deal for one count each of bank fraud and subscribing to a federal tax return, the Justice Department said. Department of Justice.

Gambling 52

Gambling tax return Sports Tax 52

CPA Practice

DECEMBER 21, 2023

By Mike D’Avolio, CPA, JD. 16, 2022, and provides numerous tax deductions and tax credits for individuals, families, and businesses. New tax incentives were added, and existing tax incentives were extended and enhanced. Resources 2023 Tax Season and Advisory Readiness virtual conference , Jan.

tax return 52

tax return Manufacturing Tax CPA 52

Going Concern

MARCH 21, 2023

note: the following is a guest post by Jack Castonguay, PhD, CPA, who has not yet been replaced by ChatGPT as far as we know. The products can sort accounts, predict the other side of a journal entry, and populate a tax form with high accuracy. It isn’t just another game, it’s a different sport. ChatGPT is Usain Bolt.

Account 101

Account accountant accounted tax return 101

Anders CPA

AUGUST 30, 2022

The interim Name, Image and Likeness (NIL) Policy has opened many doors for college athletes – including the door that requires annual income tax filings for NIL deals. To deduct some of their expenses against this new form of income, many college athletes have set up LLC’s making their income reportable on Schedule C on their tax return.

income tax 98

income tax tax return Entertainment Sports 98

KROST

MAY 11, 2022

Requires filing of an income tax return. Requires filing of a gift tax return. Any appreciation in Trust B is subject to income or capital gains tax by the beneficiaries when the beneficiaries sell the appreciated assets. Requires a separate tax return. Requires a separate tax return.

income tax 83

income tax tax return Tax Maine 83

CPA Practice

APRIL 17, 2023

While the economy and supply chains may still have some hiccups related to the end of the pandemic, one thing is clear: The demand for the services of accounting, finance and tax professionals is growing strong. Unfortunately, there’s also a “critical talent shortage,” says Tom Hood, CPA, a vice president with the AICPA. ( [link] ).

quickbooks 130

quickbooks payroll Technology audit 130

Cherry Bekaert

SEPTEMBER 15, 2023

Everything, from theater to sports to band, was incredibly restricted or canceled altogether. Once an estimate of benefit is established, it is often beneficial to consult with the business’s CPA to see if amending the returns is worth the financial outlay. Qualification does not immediately generate benefits.

Education 93

Education Government Non-Profits Tax 93

Anders CPA

JULY 12, 2022

What do trips to Las Vegas, expensive tickets to sporting events and concerts and luxury vehicle purchases have in common? This can involve termination of employment, civil lawsuits, criminal prosecution, tax return implications and process improvements. You Will Be Involved. The legal process can be frustratingly slow.

forensic accounting 97

forensic accounting general ledger tax return Start-ups 97

Anders CPA

NOVEMBER 21, 2023

Make the Most of Your Charitable Donations By donating to a qualified charity, individuals can claim deductions on their tax returns, which reduces their overall taxable income. Request a meeting with an Anders advisor below to learn more about our tax planning services and the associated costs.

tax planning 52

tax planning Tax payroll Education 52

xendoo

NOVEMBER 1, 2021

In other words, if your home office doubles as a nursery or workout room, you’ll likely be unable to claim it as a deduction on your tax return. If you use the simplified option for claiming tax deductions, the IRS permits you to deduct $5 per square foot of office space. Cell Phone.

Tax 95

Tax Transportation tax return bookkeeping 95

Going Concern

MAY 24, 2024

in the IRS Inflation Reduction Act (IRA) Strategic Operating Plan , we encourage the IRS to issue guidance on the areas that we have suggested,” says a letter to the IRS, dated May 17 and signed by Blake Vickers, CPA, CGMA, chair of the AICPA Tax Executive Committee (TEC).

audit 68

audit auditor accounting and finance accounting firms 68

CPA Practice

DECEMBER 20, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss technologies presented at the Intuit QuickBooks Connect user conference. Intro: Welcome to the technology lab presented by CPA Practice Advisor with your hosts, Randy Johnston and Brian Tankersley. Use the podcast player below to listen. SPEAKERS Randy Johnston, Brian F.

quickbooks 98

quickbooks Technology payroll Start-ups 98

Ronika Khanna CPA,CA

DECEMBER 9, 2021

Gifts that are specifically for meals or entertainment such as a gift certificates to a restaurant or tickets to a sporting event, even if you don’t accompany the client, are only 50% deductible and should be reflected as meals and entertainment in your accounting.

Entertainment 52

Entertainment tax return audit auditor 52

inDinero Tax Tips

AUGUST 29, 2023

Nor can you write off late fees paid on federal or state taxes owed with your tax return 8. This goes for concert tickets, sporting events, or other forms of entertainment for clients. Frequently Asked Tax Deduction Questions Filing taxes isn’t fun. Are CPA Fees Tax Deductible?

Tax 95

Tax Entertainment Real Estate bookkeeping services 95

Going Concern

JUNE 9, 2023

Specifically, the tax agency is challenging how much income the players can deduct from their taxes through contributions to a form of pension plan through an employer called a Retirement Compensation Agreement (RCA). I’m honored to step into the role of chair. …

audit 86

audit auditor Virginia accounting and finance 86

CPA Practice

MARCH 26, 2024

Each application requested the same loan amount — $198,990 — backed up with a phony number of employees, payroll income, sales revenue and corporate tax returns for pre-pandemic years, according to Bailyn. Hines was ordered to turn over the luxury Italian sports car and $3.4 million that he received in government loans.

Real Estate 125

Real Estate Florida payroll Government 125

Snyder

JUNE 20, 2022

In general, business accounting is the process of organizing and analyzing a company’s financial information to plan and advise on taxes, file tax returns, make forecasts, and help with data-driven financial decision making. Excise tax. Estimated tax.

accounting basics 52

accounting basics general ledger Account accountant 52