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Florida Tax Preparer Gets Prison for False Returns and Online Romance Scam

CPA Practice

23, 2024, to two years in prison for a scheme to file false tax returns, and to two years in prison for an unrelated online romance scam. According to court documents and statements made in court related to the tax scheme, Iona Coates owned and operated Bits & Bytes Accounting Services Inc.,

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2021 Ultimate List of Small Business Tax Deductions

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With the year coming to an end, tax return season is just right around the corner. For small businesses, that means being prepared to find all of the small business tax deductions you can to minimize your payout to the IRS. . Get prepared for tax season with these small business tax deductions that may apply to your business. .

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9 eCommerce Tax Deductions for 2021

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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. per mile as of 2021. Train or subway tickets.

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Tax Season 2021: Prepare Now (Don’t Miss These Deadlines)

LyfeAccounting

?. Tax season 2021 is here! And if you have been adhering to our suggestions or taken advantage of the tax system in 2020 then you likely know what to expect and excited for this tax year. On the other hand, if you’ve paid very little attention to some of the tax changes or programs then you’ve got a lot to catch up on.

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2021 Tax Preparation for Small Business

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If you want to make sure that you and your small business are ready for the 2021 tax season, then it is essential to remain well organized throughout the year. Lastly, you need to know about all of the various tax deadlines that might apply to your business throughout the year. Excise Tax. 2021 Tax Prep for Businesses.

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How to Prepare Your Business for Tax Time

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Individual taxpayers, sole proprietors, and single-owner LLCs must make estimated tax payments on a quarterly basis and file an annual income tax return. . The filing deadline is typically April 15, but the IRS moved this deadline to March 15, 2021 for this past year. 2021 Tax Filing Deadlines for Estimated Income Tax.

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How to File a Business Tax Extension in Florida

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Below are the deadlines for Florida’s state tax extension and the federal tax extension. . State Tax Extension. Tax returns for Florida businesses are due by May 1 (the 1st day of the 4th month following the end of the taxable year). Federal Tax Extension. Federal Tax Extension.

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