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Year-end Tax Planning

CapataCPA

Year-end Tax Planning With the year coming to a close, now is an important time to be thinking about ways to save on taxes for 2020 and possibly 2021. Year-end tax planning and projections are especially valuable this year as new guidance was released on the Tax Cuts and Jobs Act (TCJA) as well as the.

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CPE Webinar August 8, 2023: Lies Accountants Tell Themselves

CPA Practice

Field of Study: Business Management and Organization Register Today Presented by Ryan Lazanis , CPA founded Xen Accounting, a 100% cloud-based accounting firm, in 2013. Since 2019, he has hosted the weekly “The Unique CPA” podcast, which ranks among the world’s 5% most popular programs (Source: Listen Score).

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There Is No Time To Rest

RitaKeller

There is so much more to do so that your firm can fully adapt to the new normal. Here’s my story of the classic procrastination scenario inside a busy CPA firm. It goes something like this: It’s tax season, we can’t possibly take the time to update our performance feedback process.

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How to Treat Inherited Individual Retirement Accounts

KROST

The SECURE Act, which became effective on January 1, 2021, changed the rules for inherited IRAs. Kimberly Hoang, CPA , Manager. Kimberly is a Tax Manager in the tax department at KROST. Prior to that, the rules were very beneficial to non-spousal beneficiaries. About the Author.

Account 52
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Monday Morning Accounting News Brief: EY Brings in a Crisis Expert; CEOs Deprioritize Talent in Deloitte Survey | 7.24.23

Going Concern

The probe was set up after the PwC tax leak scandal in which a partner marketed confidential information about government tax plans to clients. Now into its third round of hearings, the inquiry heard from consulting giants Deloitte, EY and Accenture, as well as other experts and former consultants.

Account 52
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Challenges Facing the Real Estate Industry in the Wake of COVID & the Election

KROST

While the new law brings welcome relief to tenants, landlords are now faced with resulting cashflow issues that extend into 2021 because of the statewide ban on evictions. Additionally, tenants who are unable to pay rent between September 1, 2020 – January 31, 2021, must pay at least 25 percent of rent due to avoid eviction… Continue here ».

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Management Fees, It’s Time To Review

KROST

As of 2021, typical management fees range from one (1%) to six (6%) percent of gross sales. Still, the traditional purpose is to compensate a working owner or a working corporate staff for their support of the various units. It’s an important distinction to calculate the fees off gross sales as opposed to net sales.