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. Children Expanding your family? Jamie Scott is a partner at The Bonadio Group.

Tax 52

Tax Real Estate tax preparation Education 52

Nancy McClelland, LLC

APRIL 9, 2024

For years, we have stressed the importance to our clients of making quarterly estimated tax payments. And unlike many tax preparers, we also do bookkeeping, accounting, and consulting for our small business owners — so we’ve also encouraged them to have us do a quarter-by-quarter calculation of how much to pay.

Illinois 52

Illinois Tax tax preparation tax return 52

Withum

MARCH 1, 2023

The differences should primarily be a function of your withholding and estimated tax payments. This process should also include state and local income taxes. These schedules should be prepared from the original data and not from what you entered on your tax return. Why not understand it better?

tax return 59

tax return Tax income tax Real Estate 59

LyfeAccounting

MAY 13, 2021

If you’re thinking about selling real estate, one thing that you need to keep in mind is the amount of taxes you’re going to pay on that sale. Uncle Sam’s piece of the pie is called the capital gains tax. So basically, you are only assessed a capital gains tax when you sell your assets. Contact us today to get started.

Real Estate 52

Real Estate Tax Sales tax preparation 52

ThomsonReuters

MARCH 1, 2024

To the IRS, S corporations (S corps) are considered “ pass-through entities ”, which means any deductions, losses, income, credits, and profits pass through directly to shareholders, who report their share of the business’s performance on their own personal tax returns. What IRS tax forms do S corps file?

corporation tax 52

corporation tax Tax tax return income tax 52

ThomsonReuters

OCTOBER 12, 2023

Jump to: What is foreign income? 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.

Tax 40

Tax tax return income tax Real Estate 40

LyfeAccounting

OCTOBER 29, 2020

The first way you may be taxed on a stock is if you sell a stock or security for a gain. If you sell an investment that you held for less than a year, you will pay short-term capital gains tax. The short-term capital gains tax rate equals your ordinary income tax rate – your tax bracket.

Tax 52

Tax income tax tax preparation accounting and finance 52

LyfeAccounting

JULY 22, 2021

Hawaii also has the second-highest income tax in the country coming in at 11%. That’s 11 times more than other states like F lorida and Texas who virtually have no income tax at all. constitution, and it also seems like they ratified low taxes. Nevada’s effective property tax rate is just 0.6%

South Carolina 52

South Carolina Hawaii West Virginia Delaware 52

LyfeAccounting

JULY 22, 2021

Hawaii also has the second-highest income tax in the country coming in at 11%. That’s 11 times more than other states like F lorida and Texas who virtually have no income tax at all. constitution, and it also seems like they ratified low taxes. Nevada’s effective property tax rate is just 0.6%

South Carolina 52

South Carolina Hawaii West Virginia Delaware 52

Ryan Lazanis

OCTOBER 24, 2022

As a simple example, this means that year-end tax return preparation fees will be billed the same way for Client A and for Client B. The tax preparation fees for Client A may be different than the year-end tax preparation fees for Client B, even if the service is identical. Value Pricing.

bookkeeping services 98

bookkeeping services Account accountant accounted 98

xendoo

NOVEMBER 23, 2020

Are you claiming all the income tax deductions you’re entitled to? This deduction covers any consultants you hire in connection with running your business, including attorneys, accountants, tax preparers and advertising agencies. Printing flyers, sales letters, business cards, and forms. Home Office.

Tax 52

Tax Real Estate Education Legal 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). This is also known as the R&D Tax Credit.

Tax 100

Tax CPA Education business tax 100