Wellers Accounting

FEBRUARY 21, 2025

Tom Biggs explains the various end of tax year considerations, and strategies, that form effective tax planning to potentially reduce your bill.

Tax

Dent Moses

JULY 8, 2025

Among its major provisions, The Act offers deductions to eliminate income taxes on certain tips and overtime pay, enhances small business tax relief, and repeals numerous clean energy tax incentives. Small businesses (with gross receipts under $31 million) can retroactively apply the deduction for tax years 2022-2024.

Gambling

Going Concern

JANUARY 30, 2025

TAX AND ACCOUNTING CANDIDATES FTE Tax and Accounting Senior / Manager | Candidate ID #23710075 Certifications: CPA Education: BS Accounting Experience (years): 25+ years accounting experience Work experience (detail): 10+ in public accounting 20+ years tax preparation and review Full cycle accounting, finance, tax and advisory Family office, HNWIs (..)

Real Estate

Accounting Today

JULY 21, 2025

For tax years after 2024, Section 174A permanently restores the ability to fully deduct domestic R&D expenses in the year they are incurred. This provides clarity and a powerful incentive for future innovation," noted Brett Johnson, the founder of Arvo Tech, which helps businesses maximize their tax strategies.

Technology

Accounting Today

JUNE 9, 2025

At the same time, so-called pass-through businesses in the service sector are pushing to remove a provision in the House bill that limits their ability to claim SALT deductions. Lawmakers are largely taking their cues from Trump and sticking by the $3 trillion bill at the center of the White Houses economic agenda.

Tax

SkagitCountyTaxServices

JULY 16, 2025

based research gets immediate expensing, retroactive to 2022 (amendments allowed through 2024). Maya Angelou Quick Takeaways: Applying for a Business Line of Credit Strengthen your credit: aim for a personal credit score of 660+ and a strong business credit profile. FAQ “Can I deduct interest paid on a business line of credit?”

tax return

RogerRossmeisl

APRIL 17, 2024

Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2024. April 15 If you’re a calendar-year corporation, file a 2023 income tax return (Form 1120) or file for an automatic six-month extension (Form 7004) and pay any tax due.

income tax

CPA Practice

DECEMBER 19, 2023

The IRS urges taxpayers who are unable to pay their full balance due to visit IRS.gov/payments to make arrangements to resolve their tax debts. The IRS is also waiving the failure-to-pay penalties for eligible taxpayers affected by this situation for tax years 2020 and 2021. The IRS estimates 5 million tax returns—filed by 4.7

tax return

Withum

AUGUST 14, 2024

On August 9, 2024, the IRS announced relief from certain tax filing and payment deadlines for individuals and businesses in all of South Carolina, most of Florida and North Carolina, and part of Georgia that were affected by Hurricane Debby.

South Carolina

Ronika Khanna CPA,CA

DECEMBER 28, 2023

As we approach the new year, it will be time soon to start working on everyone’s favourite activity i.e. getting your tax stuff in order :). Below are the deadlines that all small businesses need to know for 2024. Download our free Canada unincorporated business tax deadline calendar for 2024 (both Federal and Quebec).

business tax

CPA Practice

OCTOBER 1, 2024

The IRS on Tuesday announced disaster tax relief for all individuals and businesses affected by Hurricane Helene, including the entire states of Alabama, Georgia, North Carolina, and South Carolina, as well as parts of Florida, Tennessee, and Virginia. 22, 2024, in Alabama; Sept. 31, 2024, and Jan. 23 in Florida; Sept.

South Carolina

Withum

MARCH 7, 2024

The VDP allow taxpayers to keep 20% of the ERC claimed, tax free, as well as the interest received, but taxpayers must apply to the program by March 22, 2024, and agree to extend the statute of limitations. Should I File a Protective Income Tax Refund Claim? Is There Legislation Pending That Would Alter the ERC?

Tax

CPA Practice

JULY 8, 2024

(TNS) The IRS announced tax relief for individuals and businesses in parts of Kentucky affected by severe storms, straight-line winds, tornadoes, landslides and mudslides that began on April 2, 2024. 1, 2024, to file various federal individual and business tax returns and make payments.

Kentucky

CPA Practice

SEPTEMBER 1, 2023

The Internal Revenue Service today announced tax relief for individuals and businesses affected by Idalia in parts of Florida. 15, 2024, to file various federal individual and business tax returns and make tax payments. 15, 2024, (postponement period). These taxpayers now have until Feb.

Tax

Ronika Khanna CPA,CA

APRIL 3, 2025

Unincorporated Small Business and Self Employed owners are fortunate to be around at a time where preparing tax returns have been significantly simplified. Not only are calculations automated, but contemporary tax software provide interfaces which make input of data fairly straightforward. for individuals and $13.00

tax return

CPA Practice

SEPTEMBER 13, 2024

The Internal Revenue Service is offering tax deadline relief for individuals and businesses in the entire state of Louisiana, affected by Tropical Storm Francine that began on Sept. 3, 2025, to file various federal individual and business tax returns and make tax payments. 10, 2024, through Feb.

Louisiana

Withum

OCTOBER 3, 2024

The tax relief postpones certain tax filing and payment deadlines that started as early as September 22, 2024, to May 1, 2025. May 1, 2025 2024 Form 1065 March 15, 2025 *Postponement date would allow a proper extension until October 30, 2025. What does the filing and payment relief apply to?

South Carolina

CPA Practice

FEBRUARY 29, 2024

The Internal Revenue Service has given tax relief for individuals and businesses in parts of Washington state affected by wildfires that began on Aug. These taxpayers now have until June 17, 2024, to file various federal individual and business tax returns and make tax payments. 31 and April 30, 2024.

Washington

CPA Practice

AUGUST 19, 2024

The IRS is strongly urging qualifying businesses, tax-exempt organizations, and state, local, and Indian tribal governments to complete the pre-filing registration process now for projects placed in service in 2023 if they plan to claim elective pay. EDT Register 9/18/2024 1-2:30 p.m. EDT Register 10/2/2024 1-2:30 p.m.

tax return

Ronika Khanna CPA,CA

AUGUST 29, 2024

You can no longer rely on your employer to take care of business functions that do not relate to your job ,and must take a much more active role in ensuring that you remain on top of your obligations whether it is collecting payments from customers , paying bills or ensuring that you do not run afoul of Revenue Canada.

income tax

Withum

SEPTEMBER 1, 2023

The tax relief postpones various tax filing and payment deadlines that occur from August 27, 2023, through February 15, 2024 – the postponement period. Affected individuals and businesses therefore will have until February 15, 2024 to file tax returns and to pay any taxes that were originally due during the postponement period.

Tax

CPA Practice

OCTOBER 2, 2023

24, 2024, to file various individual and business tax returns. They typically have 180 days after they leave the combat zone to file returns and pay any taxes due. 16 and lets qualified taxpayers prepare and file federal income tax returns online using guided tax preparation software.

South Carolina

CPA Practice

OCTOBER 7, 2024

4—Federal officials have announced tax relief for people and businesses in the Yakama Nation affected by summer wildfires that began June 22. 3, 2025, to file various federal individual and business tax returns and make tax payments, according to a news release from the IRS. (TNS) Oct. 16, and Jan.

Washington

CPA Practice

SEPTEMBER 13, 2023

The Internal Revenue Service today announced tax relief for individuals and businesses affected by Idalia in 28 of the state’s 159 counties in Georgia. 15, 2024, to file various federal individual and business tax returns and make tax payments. 15, 2024 (postponement period). 15, 2023, and Jan.

Georgia

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.

Tax

Ronika Khanna CPA,CA

JUNE 7, 2024

Year end Tax Slips Federal You must prepare a summary of the salaries paid for the year via a T4 slips for which the due date is February 28th of the year following the salary payment E.g. February 28, 2025 for the year ended December 31, 2024. If you are registered in Quebec, you are also required to file QST Returns.

Tax

CPA Practice

AUGUST 19, 2023

The Internal Revenue Service will allow Hawaii taxpayers in Maui and Hawaii counties extra time – until February 15, 2024 – to file various federal individual and business tax returns and make tax payments that would have been normally been due before then. 15, 2024 (postponement period). 15, 2023, and Jan.

Hawaii

Ronika Khanna CPA,CA

JANUARY 27, 2023

I have compiled a list of the deadlines that all of you should know and also updated my annual business tax deadline calendar. Sign up to download our free Canada unincorporated business tax deadline calendar for 2023 or Quebec unincorporated small business tax deadline calendar 2023.

business tax

CPA Practice

OCTOBER 16, 2023

24, 2024, to file various individual and business tax returns. They typically have 180 days after they leave the combat zone to file returns and pay any taxes due. 16 and lets qualified taxpayers prepare and file federal income tax returns online using guided tax preparation software.

South Carolina

Withum

JANUARY 31, 2024

Affected taxpayers qualifying for this tax relief include individuals and householders who reside or have a business in Providence County. The taxpayers eligible for relief under this information release now will have until June 17, 2024, to file various federal individual and business tax returns and to make tax payments.

Rhode Island

CPA Practice

SEPTEMBER 3, 2024

As the peak of hurricane season is on tap, and an elevated wildfire risk now exists across much of the West, the Internal Revenue Service is reminding businesses and individual taxpayers to develop an emergency preparedness plan or, if they already have one, to update it for 2024.

tax return

CPA Practice

OCTOBER 25, 2024

That takes hours per tax return. And one of the things I think we also know and can recognize is that once we have all the data, the tax prep software is really going to be helpful there, right? It’s much easier, but gathering personal information from an individual is hard.

Technology

CPA Practice

APRIL 3, 2023

Individuals and households that reside or have a business in Cross, Lonoke and Pulaski counties in Arkansas now have until July 31, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service has announced.

Arkansas

Withum

SEPTEMBER 16, 2024

Generally, an SBA lender will provide an appraiser with three years of business tax returns and interim financial statements as of the current calendar year. This is where certain trends may be observed from the interim financial statements on an annualized basis that have large divergences from the business tax returns.

Non-Profits

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. How are you preparing and reviewing the tax return? How are you delivering the tax return? How are you collecting e-file signatures?

Technology

CPA Practice

DECEMBER 10, 2024

CohnReznicks Sun Named a Top 25 Cybersecurity Consultant and Leader CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, recently announced that David Sun , Principal, Cybersecurity, has been named to The Consulting Reports Top 25 Cybersecurity Consultants and Leaders of 2024 list.

public accounting

inDinero Tax Tips

SEPTEMBER 13, 2023

The act allows unrelated small businesses to join together to offer retirement plans, reducing administrative and fiduciary responsibilities for participating employers. The act increases the tax credit for small businesses that start a new retirement plan. Overview of the SECURE Act 2.0 The SECURE Act 2.0, The SECURE 2.0

business tax