MyIRSRelief

MAY 16, 2025

With an A+ rating from the Better Business Bureau and glowing client testimonials, Mike Habib, EA, is not just a tax service providerhes a trusted partner for Glendales taxpayers. Mike Habib, EA, serves clients across LAs zip codes, providing expertise in federal and state tax compliance. Why Choose Mike Habib, EA?

tax services

CPA Practice

MARCH 8, 2023

The new corporate AMT applies a 15 percent tax to a company’s  adjusted financial statement income  (AFSI). AFSI is a company’s net income or loss reported on its applicable financial statements (AFS), such as a Form 10-K filed with the SEC, including tax and accounting adjustments.

income tax

Cherry Bekaert

FEBRUARY 12, 2024

The effective date of this reporting standard varies, with public business entities needing compliance for annual periods commencing after December 15, 2024, while other entities have until annual periods starting after December 15, 2025. Early adoption is permissible for unaudited annual financial statements.

income tax

Going Concern

MAY 8, 2025

Don’t hesitate to reach out to liz@accountingfly.com The post Top Remote Tax and Accounting Candidates of the Week | May 8, 2025 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly.

Real Estate

Going Concern

SEPTEMBER 27, 2024

Four sanctioned firms failed to make certain required communications with audit committees, as required by AS 1301, Communications with Audit Committees, and/or Rule 3524, Audit Committee Pre-approval of Certain Tax Services. The firms are the following: Accell Audit & Compliance, P.A.

audit

Cherry Bekaert

FEBRUARY 12, 2024

For entities other than public business entities, the guidance is effective for annual periods beginning after December 15, 2025. Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance.

income tax

Withum

JANUARY 25, 2023

Therefore, the TCJA includes various sunset provisions or set expiration dates for many of the individual income tax legislation benefits. Some will try to argue that these changes merely result in timing differences, which generally do not impact tax financial statement disclosures. appeared first on Withum.

Tax

Withum

NOVEMBER 17, 2022

Contact a member of Withum’s Tax Services Team to start planning as year-end approaches. Year-End Tax Planning for Businesses. The corporate tax rate is currently a flat 21% rate. For-profit businesses can elect for this credit to be refundable over a five-year period, even when no federal tax liability exists (i.e.,

tax planning

CPA Practice

SEPTEMBER 17, 2024

Since joining the firm in 2021, Brianna has excelled in accounting, auditing, compliance, financial statement preparation, tax return preparation, and special projects. She is working towards her master’s in accounting. Sawyer, Senior Brianna Sawyer has been promoted to Senior.

Construction

Cherry Bekaert

FEBRUARY 2, 2024

Compliance requirements for SB 253 are as follows: Beginning in 2026 (for reporting year 2025), reporting entities are required to annually report their Scope 1 and Scope 2 greenhouse gas emissions. More guidance on this is forthcoming.

accounting and finance