CPA Practice

JANUARY 16, 2024

Senate Finance Chairman Ron Wyden and House Ways and Means Chairman Jason Smith unveiled a roughly $78 billion tax deal Tuesday that would revive a trio of business tax credits, expand the child tax credit and boost low-income housing. aim to pass the tax package before Jan. Wyden, D-Ore., and Smith, R-Mo.,

tax planning 116

tax planning Tax New Jersey Ohio 116

SkagitCountyTaxServices

MARCH 17, 2023

Forward-thinking is a must in business… that goes for your taxes too. But first, let’s talk about your tax filing. While we’ll probably file an extension for you if you’re in this category and just now looking at your taxes, you’ll want to dial in VERY soon. And I’m going to dive into what that looks like today.

tax planning 52

tax planning business tax Tax tax return 52

Withum

NOVEMBER 17, 2022

In recent years there have been significant changes to the State and Local Tax Nexus rules. The Wayfair case validated economic nexus for sales tax purposes and amplified economic nexus for income tax purposes, signaling to all states that economic nexus is sound law. State and Local Tax Workarounds.

tax planning 52

tax planning Tax income tax New York 52

xendoo

NOVEMBER 1, 2021

You might not be thinking about taxes until closer to the deadline, but planning your eCommerce tax deductions is a year-round process. If you run an online business, investing in tax-deductible business expenses can reduce your tax burden and increase your profits. We’ll help you plan ahead for next year’s filing.

Tax 95

Tax Transportation tax return bookkeeping 95

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.

tax return 111

tax return Tax Washington tax planning 111

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.

Florida 59

Florida Tax tax planning Ohio 59

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. Comments on the proposed ASU should be submitted to the FASB by May 30.

income tax 111

income tax Tax accounting standards tax planning 111

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

Florida Tax tax planning Ohio 52

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.

tax return 85

tax return Tax Washington tax planning 85

Anders CPA

NOVEMBER 22, 2022

Converting to a Roth IRA from a traditional IRA may result in an immediate tax liability but timing the conversion correctly can save on taxes in the long run. With the stock market’s instability and current income tax rates at a historical low, converting to a Roth IRA may be in your best interest, as long as you get the timing right.

Tax 98

Tax income tax tax planning CPA 98

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.

Tax 98

Tax Legal tax planning accounting and finance 98

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

Real Estate Illinois Missouri Construction 97

SkagitCountyTaxServices

OCTOBER 21, 2020

I’m a tax professional though, and I’m not immune to conversations about proper planning for either eventuality. That means that if (again, in this example) Biden wins, AND he follows that particular pattern, then his new tax policies — whatever they might be — will likely impact your 2021 or 2022 tax returns.

Tax 82

Tax CPA tax preparation tax return 82

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).

business tax 88

business tax Tax Real Estate CPA 88

SkagitCountyTaxServices

DECEMBER 8, 2021

And one way you can do so is by making some tax moves before the clock strikes 12 on New Year’s Eve. Now I get it … the rush of customers and clients, strange hours, extra errands: It’s a tough time of year to think about tax. But the calendar waits for no business, and time is getting short to plan your moves.

business tax 52

business tax Tax tax preparation payroll tax 52

CPA Practice

JUNE 16, 2023

By Martin Schamis, CFP, Kiplinger Consumer News Service (TNS) The Tax Cuts and Jobs Act (TCJA) of 2017 is currently scheduled to sunset at the end of 2025, meaning significant changes are on the horizon for taxpayers. TCJA brought sweeping changes to the tax code for both businesses and individuals. 529 plan accelerated gifts.

Tax 119

Tax income tax Non-Profits Education 119

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.

Account 52

Account accountant accounted Indiana 52

CPA Practice

NOVEMBER 15, 2023

Ignition , a platform for professional services to get paid faster and run smarter, has expanded its strategic partnership with Intuit by integrating with ProConnect Tax , a cloud-based tax software. They can save time by sending tax engagements in bulk, eliminate AR by automating payments, and seamlessly connect workflows.”

quickbooks 97

quickbooks tax preparation Tax tax planning 97

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.

CPA 110

CPA accounting firms New York tax planning 110

CPA Practice

JUNE 20, 2023

By Laura Weiss, CQ-Roll Call (TNS) House Democrats’ latest proposal to expand the child tax credit includes a new feature: a $2,000 payment for newborn babies. The two parties have been battling over the tax benefit since before a larger version of it lapsed after 2021. The new legislation from Democratic Reps.

Tax 52

Tax Connecticut Ohio income tax 52

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.

Real Estate 67

Real Estate Tax CPA Hospitality 67

CPA Practice

FEBRUARY 12, 2024

Chief financial officers have dramatically higher expectations compared to the most recent quarters, according to a new survey from Grant Thornton LLP, one of America’s largest providers of audit and assurance, tax and advisory services. This was also an all-time high since the question’s inception in Q4 of 2021.

Technology 64

Technology Tax tax planning Finance 64

ThomsonReuters

JANUARY 18, 2024

Accountant vs. CPA vs. tax preparer: What are the differences? Preparing tax returns. 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.

Account 59

Account accountant accounted tax preparation 59

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. If you pay yourself too little, you might be overwhelmed by all of the taxes you owe as an LLC. So let’s begin!

CPA 52

CPA income tax Tax accounting and finance 52

Withum

MAY 4, 2022

New York’s fiscal year 2023 budget bill that was enacted into law significantly expands the benefits of the state’s pass-through entity tax (“PTET”) for many businesses. The New York PTET allows partnership (including LLCs) and S corporation entities to make an annual election to pay an entity-level tax. PTET Income Tax Addback.

income tax 112

income tax New York Tax New Jersey 112

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. She also previously led the Manufacturing and Distribution niche group.

Missouri 52

Missouri public accounting Real Estate CPA 52

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

Technology CPA Real Estate accounting and finance 52

LyfeAccounting

JUNE 9, 2021

All it takes to use this cryptocurrency tax loophole is a click of a button and it works for all cryptocurrencies at the moment. Our goal for today’s post is to explain the cryptocurrency tax loophole in an easy-to-understand manner, so you can benefit from it. The Cryptocurrency Tax Loophole. Let’s dive in.

Tax 59

Tax tax preparation accounting and finance Sales 59

KROST

MAY 24, 2022

The SECURE Act, which became effective on January 1, 2021, changed the rules for inherited IRAs. Please contact your KROST tax team for guidance. This can be very complicated, so please reach out to your KROST tax team for guidance. Kimberly Hoang, CPA , Manager. Kimberly is a Tax Manager in the tax department at KROST.

Account 52

Account accountant accounted tax planning 52

KROST

JANUARY 25, 2021

As an industry impacted by the pandemic, real estate businesses can benefit from several key tax provisions in the package. 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.

Real Estate 90

Real Estate Tax CPA public accounting 90

CPA Practice

NOVEMBER 19, 2023

Ignition , a platform for professional services to get paid faster and run smarter, has expanded its strategic partnership with Intuit by integrating with ProConnect Tax , a cloud-based tax software. They can save time by sending tax engagements in bulk, eliminate AR by automating payments, and seamlessly connect workflows.”

quickbooks 52

quickbooks tax preparation Tax tax planning 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. Toss on the tax savings : Quantify for your client how increased pre-tax retirement contributions (401(k) and/or IRA) could decrease their overall tax liability.

quickbooks 59

quickbooks bookkeeping course Tax CPA 59

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. Our recruits don’t want to be anonymous cogs in their broker-dealer’s machine.

accounting firms 52

accounting firms tax planning Education Tax 52

KROST

MAY 19, 2022

The proposals are built around the Build Back Better Act, passed by the House of Representatives on November 19, 2021, but were stalled in the Senate. Tax Long-Term Capital Gains at the Ordinary Income Rate. Under current tax law, long-term capital gains and qualified dividends are taxed at a maximum income tax rate of 20%.

Real Estate 52

Real Estate Non-Profits Tax CPA 52

LyfeAccounting

AUGUST 10, 2021

Look, taxes are the single greatest expense that most people will pay over the course of their lives. It’s taxes. . Believe it or not, taxes are evading almost every single part of your life. You pay taxes on your income, on your purchases, the property you own, and so much more. The Tax Code is Not Your Enemy.

Real Estate 52

Real Estate Tax tax return tax preparation 52

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. Any of this sound familiar?

cpa firm 40

cpa firm cpas tax planning CPA 40

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. Sahyoun, for entire term as Board of Taxation CEO, was simultaneously a current senior employee and tax partner of PwC Australia. That CEO was Christina Sahyoun. And companies.

Account 52

Account accountant accounted Hawaii 52