xendoo

NOVEMBER 1, 2021

per mile as of 2021. You can likely still deduct these expenses, though you may want to consult a CPA or an eCommerce bookkeeping firm to guide you through these eCommerce tax deductions. Tax Planning Takes Time and Xendoo Can Help. Are eCommerce bookkeeping services tax-deductible? Train or subway tickets.

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TaxConnex

FEBRUARY 27, 2024

More than 300,000 accountants quit their jobs between 2019 and 2021, data show.” You have two initial ways to address your need for sales tax expertise: Your outside tax accountant or bringing tax expertise in-house. With the former, you risk that a professional versed in the tax code of the U.S. in 2022, up 1.3%

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Anders CPA

OCTOBER 25, 2023

Anders is proud to announce that Julia Deien , Jason Gotway , Jane Maddox, CPA , and Sean McKenzie, CPA are being named partners of the firm, effective January 2024. Sean keeps up with evolving legislation and tax law changes to help his clients lower their tax liability today and strategize for the future.

Real Estate 97

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CPA Practice

APRIL 15, 2024

A Florida attorney was sentenced today to eight years in prison for conspiring to defraud the United States and tax evasion arising out of his promotion of an illegal tax shelter scheme involving false charitable deductions. According to court documents and statements made in court, from at least 2013 through 2021, Michael L.

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CPA Practice

JANUARY 31, 2023

By Cassidy Jakovickas, CPA. As social media continues to evolve, tax and accounting firms need to evolve their strategies and tactics to stay ahead of the curve. By leveraging social media, you can increase your firm’s visibility and encourage top-quality companies to become clients.

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CPA Practice

APRIL 16, 2024

A Florida attorney was sentenced today to eight years in prison for conspiring to defraud the United States and tax evasion arising out of his promotion of an illegal tax shelter scheme involving false charitable deductions. According to court documents and statements made in court, from at least 2013 through 2021, Michael L.

Florida 52

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CPA Practice

JULY 25, 2023

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. Randy Crabtree CPA, co-founder and partner of Tri-Merit Specialty Tax Professionals is a widely followed author, lecturer, and podcast host for the accounting profession.

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KROST

JANUARY 27, 2021

trillion spending package, that funds the government for the 2021 fiscal year. The spending bill includes several tax extenders; Section 45L tax credit for multifamily and residential developers, 179D tax deduction for commercial and government buildings, as well as 25C and 25D tax credits for homeowners. .

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CPA Practice

MARCH 12, 2024

Beach, EA, CFP, AWMA, Kiplinger Consumer News Service (TNS) The only thing worse than the monotonous task of preparing your tax return, or preparing your CPA to prepare your tax return, is doing it again on an amended return. We work with retirees to help maximize income, minimize taxes and plan their estate.

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CPA Practice

MARCH 16, 2023

The Financial Accounting Standards Board released a proposed Accounting Standards Update (ASU) on Wednesday that addresses requests from investors for improved income tax disclosures.

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LyfeAccounting

JUNE 4, 2021

Here at LYFE Accounting, not only do we help people pay themselves correctly as an LLC… …but we’ve also started one of the fastest-growing LLCs according to Inc Magazine and the financial times in 2021. Now if you want to make sure your LLC taxes are on the right track, then we can help you with that.

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Anders CPA

OCTOBER 1, 2022

Anders is proud to announce that Brent Kaniecki , Lesley Sanchez, CPA , Beth Schulte, CPA , Justin Marty, CPA , Luke Luckett, CPA/PFS, CEPA , and Nathan Stonner, CPA are being named partners of the firm, effective January 2023. He was named a 2021 St. Learn more about Lesley Sanchez. About Beth Schulte.

Missouri 52

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CPA Practice

NOVEMBER 15, 2023

While Ignition has integrated with QuickBooks Online since 2015, the company first announced a strategic partnership with Intuit ProConnect in June 2021. In June 2022, Ignition and Intuit took their partnership one step further with the launch of Tax Planning and Advisory Proposal templates to further support thousands of ProAdvisors.

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ThomsonReuters

JANUARY 18, 2024

Accountant vs. CPA vs. tax preparer: What are the differences? According to Pilar Garcia, CPA , Tax and Accounting Executive Editor for Thomson Reuters, “AI, especially generative AI, can propel the accounting profession forward like no other technological advancement since Excel. How can accountants be more efficient?

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KROST

JULY 15, 2021

2021 Tax Planning for Tech Companies: Employee Retention and R&D Credits By Guest Contributor Mike Kniss. Disruption and Innovation: Streamlining Client Accounting Services (CAS) By Sossi Bekarain, CPA and Peter Minaian. Kniss, CPA, Managing Principal. Gregory Kniss, CPA, is Managing Principal of KROST.

Technology 52

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CPA Practice

FEBRUARY 12, 2024

It’s also the highest mark reported since the survey began asking the question in the fourth quarter of 2021. This was also an all-time high since the question’s inception in Q4 of 2021. Although 67% of CFOs said the technology in their tax functions is effective, one-third (33%) are working with inadequate technology tools.

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CPA Practice

MARCH 11, 2024

Beach, EA, CFP, AWMA, Kiplinger Consumer News Service (TNS) The only thing worse than the monotonous task of preparing your tax return, or preparing your CPA to prepare your tax return, is doing it again on an amended return. We work with retirees to help maximize income, minimize taxes and plan their estate.

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SkagitCountyTaxServices

DECEMBER 8, 2021

The end of the year is also a great time to make sure you’re getting the biggest tax bang out of your company’s retirement plan, anything from a SEP IRA to a Solo 401(k) to the combination of a 401(k) with a defined-benefit pension plan. 31, get ready to pay half that deferred amount by the last day of 2021. What a deal.

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KROST

MAY 24, 2022

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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Withum

MAY 4, 2022

During the state of emergency (but not to extend beyond December 31, 2021) employees obligated to work outside of New York during COVID-19 still count as New York employees for certain tax credit and incentive programs. . With proper planning and implementation, PTET elections can be a valuable state tax planning strategy.

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LyfeAccounting

MAY 21, 2021

What if we told you that every year LLC owners overpay on their taxes. Some fail to tax plan but most simply miss out on the biggest tax write offs for LLC businesses. So keep on reading, because today, we’re going to reveal the biggest tax write offs for LLC businesses that you can take advantage of.

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KROST

JANUARY 25, 2021

This provision is applicable to expenses incurred from January 1, 2021 through December 31, 2022. Business owners should watch out for this or speak to their CPA or accountant for more information. Jose Calles, CPA , Manager. Tax , Real Estate. PPP Loan Income Exclusion and Deductibility of Expenses. About the Author.

Real Estate 90

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CPA Practice

NOVEMBER 19, 2023

While Ignition has integrated with QuickBooks Online since 2015, the company first announced a strategic partnership with Intuit ProConnect in June 2021. In June 2022, Ignition and Intuit took their partnership one step further with the launch of Tax Planning and Advisory Proposal templates to further support thousands of ProAdvisors.

quickbooks 52

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RitaKeller

OCTOBER 13, 2020

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. It’s April 16, we desperately need time to recover from tax season. Don’t slack off now!

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SkagitCountyTaxServices

AUGUST 19, 2022

After all of the junk in 2020 and 2021, “inflation” and “supply chain shortages” have been the recent flavor of our wild ride together. Though that said, there does seem to be some easing on both of these fronts – and not necessarily because of the “Inflation Reduction Act” (more on that and business tax deductions in a minute).

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CPA Practice

FEBRUARY 23, 2023

Avantax , a provider of tax-focused financial planning, increased its asset recruiting results during the fourth quarter of 2022, contributing to full-year 2022 newly recruited assets of approximately $1.7 billion, an increase of 79% over 2021.

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Going Concern

JULY 24, 2023

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.

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KROST

DECEMBER 15, 2020

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 ».

Real Estate 67

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SingleTrackAccounting

MARCH 3, 2021

However; you can quickly end up with a large tax bill if your accounting is not managed properly. Did we mention the tax man also loves your industry? Our team will make sure your books are audit ready and our tax planning service will make sure you are not overpaying taxes and you have a good cash flow strategy for years to come. .

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Withum

FEBRUARY 26, 2024

Journal entry approval Tax Updates for Dealers Always a well-attended session is the tax update, where accountants and CFOs alike look to kick tax planning into gear for the upcoming year. Require your team to take vacation time. There are a few new topics for the year that deserve attention.

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LyfeAccounting

JUNE 9, 2021

A quick disclaimer that this is not financial or legal advice, and you should consult with your personal CPA or lawyer regarding your specific situation. It’s mid-April 2021 and Bitcoin just blew past $60,000 to reach all-time highs. A complete breakdown of the cryptocurrency tax loophole that no one is talking about.

Tax 59

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KROST

JUNE 2, 2022

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.

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LyfeAccounting

MAY 27, 2021

Right underneath where your letter number is in the top right, is going to be the tax year it is in reference to. So if it says ‘tax year 2018’, there’s no need in worrying about 2017 or 2020, 2021, etc. The last thing you want is to end up in a tax court against the United States government. Remember again to be timely.

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Anders CPA

OCTOBER 17, 2023

R&D Amortization Changes The TCJA included a provision requiring taxpayers to capitalize and amortize R&D expenses which took effect after December 31, 2021. Learn more about how our advisors can help you take advantage of tax incentives, and the associated costs, by contacting Anders below.

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KROST

JUNE 2, 2022

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.

California 52

California Hospitality bookkeeping Sales 52

CPA Practice

AUGUST 31, 2023

By Al-Nesha Jones, CPA, MBA Generation X—aka the Sandwich Generation, Latchkey Kids, Baby Busters, and even the Forgotten Generation—will soon be approaching retirement age. She was recognized as a 2021 CPA Practice Advisor “40 Under 40” Professional.

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SkagitCountyTaxServices

SEPTEMBER 24, 2020

With the business deadline (9/15) behind us, we’re in tax planning season. But this actually has nothing to do with your taxes for this year. But the most important time of the year for tax planning is right now, Q4. Warmly, Steve Padgett (360) 424-1040 Padgett & Padgett, PLLC CPA.

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