Nancy McClelland, LLC

JANUARY 30, 2024

Tax preparers everywhere spent the past two months gearing up for yesterday’s “opening day” of tax season, January 29th. To say nothing of the fact that the next government shutdown deadline is scheduled for one week before business tax returns are due. And we were freaking out about that delay.

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ThomsonReuters

NOVEMBER 28, 2023

Reflect on your current tax workflow. In 2024, there is no reason that tax professionals should receive paper, sort paper, shuffle paper, or enter data manually. You can also automatically extract data from client source documents or easily transfer account balances from integrated business tax preparation software.

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Going Concern

JANUARY 19, 2024

And take our 2024 Predictions for the Accounting Profession survey ! Coss, 54, was arrested Tuesday and is held in the Broward Main Jail on 18 charges stemming from an ongoing Internal Revenue Service tax fraud investigation. It will submit its annual report to the agency at a public meeting in November 2024.

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Arizona accounting and finance audit auditor 98

Nancy McClelland, LLC

APRIL 9, 2024

For years, we have stressed the importance to our clients of making quarterly estimated tax payments. And unlike many tax preparers, we also do bookkeeping, accounting, and consulting for our small business owners — so we’ve also encouraged them to have us do a quarter-by-quarter calculation of how much to pay.

Illinois 52

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ThomsonReuters

MARCH 1, 2024

When are S corps taxes due? S corporations are required to file their annual tax return by the 15 th day of the 3rd month after the end of the tax year. For 2024, S corp taxes are due on March 15, 2024. What IRS tax forms do S corps file?

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xendoo

MAY 16, 2023

Don’t delay too long, especially if you receive a Premium Tax Credit for insurance. Failure to file a tax return could jeopardize business tax credits , so it’s better to act soon. Collect all your documents as soon as possible The first step is to gather the documents you need to file your business taxes.

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xendoo

MAY 16, 2023

Don’t delay too long, especially if you receive a Premium Tax Credit for insurance. Failure to file a tax return could jeopardize business tax credits , so it’s better to act soon. Collect all your documents as soon as possible The first step is to gather the documents you need to file your business taxes.

Tax 52

Tax tax return bookkeeping cpas 52

inDinero Tax Tips

JANUARY 16, 2024

Due dates for business taxes can change from year to year based on a variety of factors, including weekends and federal holidays. So, if you’re wondering when are taxes due in 2024, you’re asking the right question at the right time. All Organizations January 16th, 2024: Fourth Quarter Estimated Tax Payments.

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Accounting Insight

FEBRUARY 1, 2024

A large business tax enquiry / corporate tax enquiry is carried out by HMRC’s ‘Large Business’ directorate and ‘Wealthy & Mid-sized Business Compliance’ directorate. This calls for increased resources being required at the business’ end (i.e. What is a business tax enquiry / hmrc corporate enquiry ?

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Nancy McClelland, LLC

DECEMBER 26, 2023

– The IRS launched IRIS, a new free online portal , for businesses to file 1099 returns. Beginning January 2024, you will no longer be able to file using a legacy transmitter code using the old FIRE system.) – You must file now file 1099 Forms electronically if you have 10 or more information returns (down from 250).

bookkeeping 52

bookkeeping tax return Non-Profits Tax 52

Nancy McClelland, LLC

DECEMBER 26, 2023

– The IRS launched IRIS, a new free online portal , for businesses to file 1099 returns. Beginning January 2024, you will no longer be able to file using a legacy transmitter code using the old FIRE system.) – You must file now file 1099 Forms electronically if you have 10 or more information returns (down from 250).

bookkeeping 52

bookkeeping tax return Non-Profits Tax 52

xendoo

JANUARY 26, 2023

However, we understand that tax filing requirements and rules change each year. It’s hard to keep up without your own accountant or business tax services. When you run a business, it’s easy to fall behind on your books and taxes. Types of Penalties How Long Can You Go Without Filing Business Taxes?

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ThomsonReuters

JANUARY 9, 2024

1, its taxes are due July 15, unless that day falls on a weekend or a holiday. If a C corp cannot meet its initial tax deadline, it can file for a six-month extension using IRS Form 7004. In 2024, the extension deadline for calendar-year businesses is Oct. The post How are C corporations taxed?

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