RogerRossmeisl

JULY 16, 2023

Note: Under the Tax Cuts and Jobs Act, employees can’t deduct their unreimbursed travel expenses on their own tax returns through 2025. That’s because unreimbursed employee business expenses are “miscellaneous itemized deductions” that aren’t deductible through 2025.

tax return 242

tax return CPA Tax business tax 242

RogerRossmeisl

JULY 17, 2022

It’s not just businesses that can deduct vehicle-related expenses on their tax returns. For 2018 through 2025, business and moving miles are deductible only in much more limited circumstances. Individuals also can deduct them in certain circumstances.

tax return 246

tax return CPA Tax 246

RogerRossmeisl

MARCH 25, 2021

For tax years through 2025, the deduction can be up to 20% of a pass-through entity owner’s QBI. You can take the deduction even if you don’t itemize deductions on your tax return and instead claim the standard deduction. Reporting responsibilities As a sole proprietor, you’ll file Schedule C with your Form 1040.

Tax 246

Tax tax return CPA Start-ups 246

Going Concern

MAY 1, 2025

The post Top Remote Tax and Accounting Candidates of the Week | May 1, 2025 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly. Don’t hesitate to reach out to liz@accountingfly.com.

Real Estate 59

Real Estate Tax Account accountant 59

RogerRossmeisl

SEPTEMBER 6, 2021

Before the Tax Cuts and Jobs Act (TCJA), eligible casualty loss victims could claim a deduction on their tax returns. But there are now restrictions that make these casualty loss tax deductions harder to take. What’s considered a casualty for tax purposes?

Tax 231

Tax tax return CPA 231

CPA Practice

AUGUST 16, 2024

The IRS on Thursday announced the opening of the application period for the 2025 Compliance Assurance Process (CAP) program on Sept. 31, and the IRS will inform applicants if they’re accepted into the program in February 2025. Launched in 2005, CAP helps large corporations improve federal tax compliance.

Tax 105

Tax accounting principles tax return financial statements 105

CPA Practice

DECEMBER 9, 2024

Beginning in 2025, for each item of specified property placed in service, no credit will be allowed unless the item was produced by a QM and the taxpayer includes the PIN for the item on the taxpayers tax return. . $600 in total for exterior doors. Home energy audits are limited to $150.

Manufacturing 97

Manufacturing tax return audit Tax 97

CPA Practice

NOVEMBER 26, 2024

First, keep in mind that the IRS usually starts accepting e-filed income tax returns in the last week of January each year, with the deadline to file returns being April 15 (which sometimes varies based on weekends or state holidays). 1 week after that): * IRS may start accepting returns on Jan. 27, 2025 Feb.

Tax 105

Tax tax return income tax CPA 105

RogerRossmeisl

NOVEMBER 9, 2023

Before the Tax Cuts and Jobs Act (TCJA), eligible casualty loss victims could claim a deduction on their tax returns. What’s considered a casualty for tax purposes? Note: The post Casualty Loss Tax Deductions May Help Disaster Victims in Certain Cases appeared first on Roger Rossmeisl, CPA.

Tax 195

Tax tax return CPA 195

Going Concern

APRIL 24, 2025

The post Top Remote Tax and Accounting Candidates of the Week | April 24, 2025 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly. Don’t hesitate to reach out to liz@accountingfly.com.

Real Estate 52

Real Estate Tax Account accountant 52

inDinero Tax Tips

OCTOBER 22, 2024

See here for a list of applicable tax rates. The Nevada Commerce Tax Return can be filed here. The 2024-2025 deadline is August 14, 2025. Nevada Sales Tax In addition to local rates, the state of Nevada charges a 6.85% sales tax for transactions in the state.

Nevada 105

Nevada Tax income tax payroll tax 105

CPA Practice

JULY 26, 2024

By Karin Price Mueller, nj.com (TNS) New Jersey residents will have a new way to file their federal tax returns when it’s time to file for 2024, the IRS and state officials said Wednesday. Married couples who file a joint tax return were eligible if they had qualifying income of $250,000 or less.

New Jersey 105

New Jersey tax return income tax Tax 105

Going Concern

MAY 15, 2025

Don’t hesitate to reach out to liz@accountingfly.com The post Top Remote Tax and Accounting Candidates of the Week | May 15, 2025 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly.

Real Estate 52

Real Estate Tax Agriculture Account 52

Going Concern

JANUARY 22, 2025

To make matters worse, Jerkins (STOP) prepared and filed materially false tax returns that reported false deductions and false business expenses with the Internal Revenue Service for at least two clients. On at least one occasion, in September 2023, Jerkins used these stolen client funds to purchase residential real property.

Tennessee 59

Tennessee CPA bookkeeping payroll 59

CPA Practice

SEPTEMBER 5, 2024

By Sam Janesch Baltimore Sun (TNS) Marylanders who have relatively straightforward tax returns will have the chance to ditch independent—and sometimes costly—tax preparers and instead file their federal taxes directly with the IRS for free in 2025, state and federal officials said Wednesday.

Maryland 105

Maryland tax return tax preparation Tax 105

CPA Practice

AUGUST 2, 2023

Treasury Secretary Janet Yellen announced on Wednesday that the IRS has set a goal to go paperless by 2025. The IRS processed more than 213 million electronically-filed tax returns earlier this year, which accounted for more than 81% of all individual tax returns. That has generated about $38 million in recoveries.

Tax 98

Tax tax return Technology Account 98

CPA Practice

JANUARY 10, 2025

The IRS expects more than 140 million individual tax returns to be filed ahead of the April 15 federal deadline, with more than half of all tax returns filed this year with the assistance of a tax professional.

tax return 105

tax return Tax income tax 105

Going Concern

JANUARY 17, 2025

The post Top Remote Accountants of the Week | January 17, 2025 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly. Don’t hesitate to reach out to liz@accountingfly.com.

Real Estate 52

Real Estate Account accountant accounted 52

Going Concern

JANUARY 9, 2025

The post Top Remote Accountants of the Week | January 9, 2025 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly. Don’t hesitate to reach out to liz@accountingfly.com.

Real Estate 52

Real Estate Account accountant accounted 52

Going Concern

JANUARY 30, 2025

The post Top Remote Accountants of the Week | January 30, 2025 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly. Don’t hesitate to reach out to liz@accountingfly.com.

Real Estate 52

Real Estate Account accountant accounted 52

CPA Practice

MARCH 24, 2025

The number of tax returns that have been filed with the IRS is down 1.7% compared to this time last year, but the average tax refund amount is up 5.2%, according to the agency's latest 2025 tax season data.

tax return 76

tax return Tax income tax 76

SkagitCountyTaxServices

MARCH 6, 2025

And unfortunately, its not mostly the fun stuff keeping you busy its things more on the housekeeping side of running your business, like meeting tax and other important government deadlines. Monday, March 17 : S corporation and partnership tax returns are due for calendar-year businesses. Whats in it for you?

tax return 67

tax return Tax CPA income tax 67

CPA Practice

SEPTEMBER 19, 2024

Note : The spring 2025 tax filing season is when taxpayers report their 2024 income and related matters to the IRS, so it’s important to keep up with the laws as they applied during the previous calendar year. Cybersecurity In this day and age, cybersecurity has become a valuable component of every tax practice.

Tax 132

Tax tax preparation tax return Education 132

Nancy McClelland, LLC

JANUARY 12, 2025

For example, if you’re trying to prepare a tax return for a prior-year and need a list of all the informational documents filed with the IRS that are associated with your SSN, you’d want a Wage & Income Transcript. Tax nerds unite!) “ What About State Information? It puts both you and your CPA at risk.

Tax 52

Tax tax return Account accountant 52

CPA Practice

DECEMBER 10, 2024

2 awarded $53 million in Tax Counseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) grants for 2025 to organizations that provide free federal tax return preparation. 30, 2025, the IRS awarded grants to 41 TCE and 315 VITA applicants. The IRS on Dec. For the period from Oct.

tax return 82

tax return income tax Tax 82

CPA Practice

DECEMBER 26, 2024

As the end of the year approaches, nows the time to start preparing for filing your 2024 tax return in 2025. Here are tips and strategies to prepare now for the 2025 tax-filing deadline.

Tax 119

Tax tax return 119

Withum

AUGUST 14, 2024

The relief provided in IR-2024-205 postpones various tax filing and payment deadlines that occurred beginning on August 1, 2024, in Florida, August 4, 2024, in Georgia and South Carolina, and August 5, 2024, in North Carolina – the postponement period.

South Carolina 126

South Carolina North Carolina Georgia Florida 126

Withum

JANUARY 13, 2025

Companies that apply and are accepted into this program can benefit from various tax benefits, such as: PaLife Sciences Investment Tax Credit (90% refundable) (pursuant to M.G.L 63, 30(17)) Designation as R&D Corporation for Sales Tax Purposes (pursuant to M.G.L. Award notifications will be sent by early May 2025.

Massachusetts 64

Massachusetts Tax tax return CPA 64

LSLCPAs

JANUARY 16, 2025

The IRS has announced disaster tax relief for individuals and businesses in Southern California impacted by wildfires and straight-line winds beginning January 7, 2025. Taxpayers that have been impacted now have until October 15, 2025, to file various federal tax returns and make payments.

California 52

California Tax tax return cpas 52

Menzies

JANUARY 23, 2025

HMRC launched a new one-to-many campaign on 15 January 2025 specifically targeting delivery drivers who HMRC believe have failed to deliver a tax return disclosing their income. Read on to find out how to address your past and present UK tax obligations. Once registered, you can then prepare and file a tax return.

tax return 52

tax return chartered accountant Tax income tax 52

CPA Practice

NOVEMBER 9, 2023

While the actual percentages of the tax brackets will remain the same until 2025 because of the Tax Cuts and Jobs Act of 2017, the income levels of each bracket change annually to adjust to inflation. These tax rates are for the 2024 tax year covering tax returns that will be filed in 2025.

Tax 130

Tax tax return income tax 130

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. In all of these states, the relief period ends on May 1, 2025 (postponement period).

South Carolina 130

South Carolina North Carolina Alabama Tax 130

Accounting Insight

MAY 2, 2025

Its no secret that accountants are stretched during tax return season. Theres hardly time to stay on top of each clients basic needs yet alone advising them on their tax affairs. What is personal tax automation? In other words, your very own personal tax assistant is working 24-7 on your client portfolio.

Technology 59

Technology accounting firms Tax tax return 59

CPA Practice

JANUARY 8, 2025

The early availability of the IRS Free File online systems will allow taxpayers to prepare and file their returns before the IRS officially starts accepting them, but they will then be already electronically in line when processing begins.

tax return 131

tax return Tax income tax 131

CPA Practice

OCTOBER 30, 2023

The IRS said on Monday that it will allow electronic signatures to be used on certain tax forms “indefinitely until more robust technical solutions are deployed.” 31, 2025, the ability to use encrypted email when working directly with IRS employees to clear up tax-related issues or concerns.

tax return 132

tax return income tax Real Estate Tax 132

CPA Practice

FEBRUARY 28, 2025

Most farmers and fishers who chose to forgo making estimated tax payments by January that they must generally file their 2024 federal income tax return and pay all taxes due by March 3, 2025.

income tax 116

income tax tax return Tax 116

Going Concern

NOVEMBER 8, 2024

Law & Order Clark Hill Wins for Accounting Firm in Tax Dispute With Rock Band Member [ Clark Hill ] The Clark Hill trio convinced the court that the accounting firm was not liable for an employee’s business management and tax preparation services she provided on the side for a member of a rock band.

Florida 98

Florida Mississippi audit auditor 98