CPA Practice

JANUARY 13, 2023

Loyd’s co-conspirators include Lashamekwa Alexander, Deidra Brandon, Melissa Johnson, Shaterian Parr, Jaleesia Sais, and Tevin Thompson, all of whom have pleaded guilty to the tax conspiracy or other crimes. In all, the co-conspirators caused a tax loss exceeding $1.8 As a result, Loyd received approximately $18,000 in PPP funds.

Texas 52

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CPA Practice

APRIL 11, 2024

This year, the IRS has launched a pilot program dubbed “Direct File” through which Americans can opt to have the IRS prepare their taxes for free (well, except for the billions of taxpayer dollars used to create the program). The IRS wants to eliminate Americans’ reliance on private-sector tax-preparation services.

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Nancy McClelland, LLC

MARCH 29, 2022

For those waiting on their 2020 tax return to be processed, enter $0 (zero dollars) for last year’s AGI on the 2021 tax return. For those who used a non-filer tool in 2021 to register for an advance Child Tax Credit or third Economic Impact Payment in 2021, enter $1 (one dollar) as the prior-year AGI.

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xendoo

NOVEMBER 1, 2021

per mile as of 2021. Not only can Xendoo’s outsource accounting solutions be deducted from your taxes; we can also help you plan your eCommerce tax deductions to help you make the most from your business. Don’t wait for tax season to start planning. The post 9 eCommerce Tax Deductions for 2021 appeared first on Xendoo.

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inDinero Tax Tips

NOVEMBER 15, 2021

The current business tax rate is 21% at the federal level, plus state corporate taxes that range anywhere from 0-11.5%. Each state has different tax laws , and it’s a good idea for businesses to get advice for tax preparation. Many of them may affect the 2021 tax year. Changes on the Horizon.

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CPA Practice

AUGUST 11, 2023

The Department of Justice recently arrested a New Jersey tax preparer for allegedly seeking more than $124 million from the IRS. The multi-millions came from filings of over 1,000 false tax forms claiming the pandemic-related employee retention credit, also referred to as the ERTC or ERC. Treasury Department.

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PYMNTS

JANUARY 26, 2021

Nearly a year of trial-by-fire, pandemic-era learning within the payments business has not only provided some great lessons but has also set the stage for some major advances in 2021 that have been in the cards for years. This has resulted in some delays and consumer confusion.

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CPA Practice

APRIL 9, 2024

These credits were available for self-employed individuals for 2020 and 2021 during the pandemic; they are not available for 2023 tax returns. While Form 8944 is a legitimate IRS tax form, it is only used by professional tax preparers who are requesting a waiver so they can file tax returns on paper instead of electronically.

Tax 116

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LyfeAccounting

JANUARY 30, 2021

?. 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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CPA Practice

APRIL 1, 2024

With tax filing season in full swing, Latinos may turn to for-profit tax preparers. Other Latino filers will turn to online tax filing services, some of which been accused of taking advantage of American taxpayers and falsely marketing their services as free. This only exacerbates existing access disparities.

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LyfeAccounting

MARCH 16, 2021

Today, we have a major update for you – business meals are now 100% deductible as of the year 2021. This is going to help you minimize your tax liability by writing off 100% of your business meals, which in turn, is helping the restaurant industry bounce back from a devastating recession. So, there you go!

Tax 52

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LyfeAccounting

JUNE 17, 2021

It’s called the “Non-filer sign-up tool” which is for people who did NOT, we repeat, DID NOT file their 2020 taxes which would have been done in 2021. These people can now use the online tool to register for monthly child tax credit payments. So we hope this was a helpful child tax credit portal update for everyone.

Tax 52

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inDinero Tax Tips

MARCH 3, 2021

Whether you file your business’s taxes yourself or you have help, making sure your tax returns are right and on time is a lot easier when you. By outsourcing your business’s accounting and taxes with inDinero , you’re covered on both fronts. Are you still working on your 2019 business taxes? Partnership Tax Deadlines.

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CPA Practice

NOVEMBER 15, 2023

They can save time by sending tax engagements in bulk, eliminate AR by automating payments, and seamlessly connect workflows.” While Ignition has integrated with QuickBooks Online since 2015, the company first announced a strategic partnership with Intuit ProConnect in June 2021.

quickbooks 97

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CPA Practice

MAY 5, 2023

It is also no longer available, and new applications are only being processed to adjust tax filings for the 2020 and 2021 tax years. Organizations that offer to help taxpayers receive the ERC and charge a fee for doing so are often scams.

payroll 114

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CPA Practice

MARCH 14, 2023

Allegations include stealing identities of accountants, tax preparers, and taxpayers. Yusuff and others then allegedly registered with the IRS, posing as authorized agents of multiple taxpayers using stolen information relating to the taxpayers and their real tax preparers. The indictment was unsealed on March 13, 2023.

Tax 116

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CPA Practice

MARCH 26, 2024

In addition to recapturing funds, the IRS is pursuing criminal charges against promoters and preparers engaging in fraudulent ERC practices. Department of Justice arrested a New Jersey tax preparer for allegedly seeking more than $124 million from the IRS. The agency’s current focus is on claims from the 2021 tax year.

New Jersey 116

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CPA Practice

DECEMBER 10, 2023

While chestnuts crackle and we gear up for the annual tax preparation season, it becomes clear that the winter holidays bring more than just festivities and time off; they also mark the beginning of the tax preparation party. Tax preparation has its spotlight, tax planning follows a rhythmic beat … and tax advisory ?

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LyfeAccounting

MARCH 10, 2021

Delay taxes for a stimulus check? Well, if you want to put yourself at risk of IRS tax penalties in 2021, then you’re doing exactly that. And we’ve been surprised at the number of people who have no idea how tax penalties and tax interest actually work.

Tax 52

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LyfeAccounting

FEBRUARY 19, 2021

So in this post, we’re going to break down some of those advantages and disadvantages of a single member LLC in 2021. We will also be discussing a typical operating agreement, how taxes work, and compare it against sole proprietorship. Self-employment Taxes. The 2021 self-employment tax rate is 15.3%.

Tax 52

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CPA Practice

OCTOBER 10, 2023

It provides essential services due to the complexity of tax laws and the importance of offering valuable tax-saving advice to clients; and that’s just the tax half of the industry. However, today, it struggles to replace those who leave the profession.

Technology 105

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xendoo

JANUARY 12, 2022

Some entrepreneurs may be particularly eager to file their taxes, hoping to take advantage of deductions based on careful planning on their previous year’s taxes. Generally, the IRS will begin accepting electronic tax returns by late January. By January 24, you’ll likely be able to file a business tax return.

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ThomsonReuters

JANUARY 28, 2022

Companies that only offer tax services have to start over each year building a brand through marketing and advertising. By offering services that last throughout the year, you can keep your business at the forefront of customers’ minds even when they don’t need tax preparation. Business tax preparation.

Tax 102

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Nancy McClelland, LLC

APRIL 16, 2023

To that end, when you do share something with your tax preparer, I beg you to phrase it in respectful language that recognizes they are experts in their field. So, to make sure we’re all on the same page, here are a few choice tax benefits that are often overlooked. Out with the ego, in with the knowledge.

Tax 52

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Going Concern

MARCH 31, 2023

Today is March 31, meaning there are 18 days left to file (198 days if you followed your CPA’s recommendation to kick the can down the road with an extension) and it is not the time to be shopping for a tax preparer.

New Mexico 57

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LyfeAccounting

JULY 22, 2021

Now if you think you can still save more on your taxes but are just not sure how to do it, work with our tax planning , and tax preparation services today! The post The 10 States With the Lowest Property Taxes in 2021 appeared first on Small Business Accounting & Finance Blog.

South Carolina 52

South Carolina Hawaii West Virginia Delaware 52

Nancy McClelland, LLC

APRIL 9, 2023

The post below is about how to pay IL taxes personally ; click here for how to make IL business tax payments. There are multiple options for paying personal quarterly estimated taxes. You’ll want to select “IL-1040 Estimated Payment” and enter your tax year. The example below is for the fourth quarter of 2021.

Illinois 52

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Withum

DECEMBER 22, 2023

Taxpayers also must disclose to the IRS identifying information and other details about any advisors or tax preparers who advised or assisted them with their ERC claims. The IRS said it continues to examine the 2021 tax year, and additional mailings are planned. At that time, the IRS had a backlog of 600,000 ERC claims.

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CPA Practice

NOVEMBER 19, 2023

They can save time by sending tax engagements in bulk, eliminate AR by automating payments, and seamlessly connect workflows.” While Ignition has integrated with QuickBooks Online since 2015, the company first announced a strategic partnership with Intuit ProConnect in June 2021.

quickbooks 52

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Nancy McClelland, LLC

FEBRUARY 13, 2022

The source is #15 in the IRS FAQ on the topic: This Journal of Accountancy article walks through the particular scenario where this relief — only for tax year 2021 — applies. The domestic partnership or S corporation has no knowledge that the partners or shareholders are requesting such information for tax year 2021.

tax preparation 52

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LyfeAccounting

JULY 22, 2021

Now if you think you can still save more on your taxes but are just not sure how to do it, work with our tax planning , and tax preparation services today! The post The 10 Best Property Taxes By States in 2021: Move Here to Save Money! Simply contact us to get started.

South Carolina 52

South Carolina Hawaii West Virginia Delaware 52

PYMNTS

JANUARY 7, 2021

The new checks, which are for $600 and were approved as part of Congress's $900 billion package for pandemic aid, began to go out early in 2021 and reports said they had reached two-thirds of the recipients for the digital checks. 15, and because of the speed, some mistakes may have been made.

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Withum

APRIL 12, 2022

You are involved in a marital separation, litigation or are a candidate for a public position that requires tax return disclosure, and you want to delay the disclosure as long as possible. If your tax preparer is unable to devote the necessary time to get the return ready to file on time. Contact Us.

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SkagitCountyTaxServices

DECEMBER 8, 2021

Year End Business Tax Strategy #1: You’re the boss. If you have employees, you have some special tax preparations to think about concerning tax preparation this year. 31, get ready to pay half that deferred amount by the last day of 2021. Year End Business Tax Strategy #2: Timing’s everything.

business tax 52

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CPA Practice

AUGUST 29, 2023

Here are the rules and expectations: Candidates should be working in the accounting field, or supporting the field (public, private, tax preparation, consulting, academia, government) and have not turned 40 as of September 1, 2023. Nominees must have not turned 40 by September 1, 2023.

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ThomsonReuters

JANUARY 18, 2024

Accountant vs. CPA vs. tax preparer: What are the differences? Accountant vs. CPA vs. tax preparer: What are the differences? Accounting professionals may find that some outside of the profession do not fully understand the differences between an accountant and a tax preparer. So, what are the differences?

Account 59

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CPA Practice

AUGUST 18, 2023

But rather than spend the money on legitimate business expenses, Rendon used the COVID-19 loans to lease a 2021 Bentley Bentayga (sales price, $181,000), rent a Biscayne Bay apartment, pay for cosmetic dermatology procedures and refinish her designer shoes, according to court records.

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