Going Concern

AUGUST 31, 2023

Are you struggling to hire remote accountants, auditors, or tax professionals right for your firm or internal team? Gain full access to a pool of highly skilled and experienced remote accountants ready to join your team with Always-On Recruiting. Accountingfly is ready to partner with you! Tech Stack: QBO, QBD, UltraTax, etc.

Account 107

Account accountant accounted CPA 107

Going Concern

MAY 16, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Accountingfly can help! Sign up now to see the complete candidate list and connect with potential hires.

Real Estate 58

Real Estate Account accountant accounted 58

Shay CPA

MARCH 6, 2024

For most companies, payroll makes up a huge category in the latter. It’s the R&D credit that the IRS will let you apply toward payroll taxes. Reducing your payroll tax liability The IRS has long offered a tax credit for increasing research activities. As a quick reminder, this is the 6.2% The bad news?

payroll tax 52

payroll tax payroll Tax tax return 52

CPA Practice

JUNE 7, 2024

Growth is often top of mind for accounting firm leaders, but what does sustainable growth actually look like in practice? In this Q&A, I asked Jason Blumer, CPA to discuss firm growth and what firms truly need to be able to scale and succeed. How do factors like market drivers and trends affect these?

accounting firms 56

accounting firms Account accountant accounted 56

Going Concern

OCTOBER 20, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Early-career hires are set to account for the majority of job losses in some teams, as Deloitte retrenches following a slowdown in demand. Welsh said.

CPA 98

CPA quickbooks Real Estate auditor 98

Ryan Lazanis

SEPTEMBER 19, 2023

In this post, we’ll discuss key considerations for effective accounting website design and showcase a variety of inspiring examples that can guide your own creative approach. As such, instead of promoting your accounting skills, always prioritize client-centric messaging throughout your website. Let’s go!

Account 98

Account accountant accounted bookkeeping 98

Going Concern

NOVEMBER 20, 2023

Gain full access to a pool of highly skilled and experienced remote freelance accountants ready to join your team with with no up-front cost. We are sharing a sneak peek of a few top freelance accounting candidates available this week with Accountingfly. Attention tax pros! Accountingfly is ready to partner with you!

Account 82

Account accountant accounted Tax 82

Shay CPA

MAY 3, 2023

For most companies, payroll makes up a huge category in the latter. It’s the R&D credit that the IRS will let you apply toward payroll taxes. Reducing your payroll tax liability The IRS has long offered a tax credit for increasing research activities. As a quick reminder, this is the 6.2% The bad news?

payroll tax 52

payroll tax payroll Tax tax return 52

Going Concern

NOVEMBER 16, 2023

Gain full access to a pool of highly skilled and experienced remote freelance accountants ready to join your team with with no up-front cost. We are sharing a sneak peek of a few top freelance accounting candidates available this week with Accountingfly. Accountingfly is ready to partner with you!

Account 63

Account accountant accounted CPA 63

CPA Practice

SEPTEMBER 13, 2023

Salaries for an accountant are expected to range, depending on experience, from $57,719 to $104,788 in 2024, as the balance of power tilts slightly back toward employers with the Great Resignation winding down , according to the 2024 Salary Guide from staffing agency Randstad USA.

Tax 115

Tax cma Account accountant 115

Basis 365

FEBRUARY 1, 2023

Structuring your accounting infrastructure can be daunting, no matter how big or successful your company is. Companies often ask about the differences between accountants and controllers. Although the roles are different, they are integral to any accounting team. What is an accountant? What is a Controller?

Account 97

Account accountant accounted bookkeeping 97

Going Concern

JANUARY 26, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Indeed, trust is not built on mitigating risks alone. million from the federal government.

Account 114

Account accountant accounted audit 114

MazumaBusinessAccounting

FEBRUARY 1, 2023

Accounting and tax software have made it possible for small businesses to get along without having an in-house accountant. However, as businesses grow, accounting issues get more complex, and tax filings become too cumbersome for owners to handle. Overview: What Does a Small Business Accountant Do?

Account 52

Account accountant accounted bookkeeping 52

MazumaBusinessAccounting

JANUARY 31, 2023

Accounting and tax software have made it possible for small businesses to get along without having an in-house accountant. However, as businesses grow, accounting issues get more complex, and tax filings become too cumbersome for owners to handle. Overview: What Does a Small Business Accountant Do?

Account 52

Account accountant accounted bookkeeping 52

ThomsonReuters

JANUARY 28, 2022

Tax season is a critically busy time of the year for accountants, and we all know the stress that can come with such a high demand for services during that part of the year. But for some tax and accounting firms, the high volume of clients from January to April represents the majority of their business for the year.

Tax 102

Tax tax preparation bookkeeping bookkeeping services 102

Anders CPA

MARCH 25, 2024

Mistake #1: Using One Bank Account for Multiple Purposes Solution: Have an operating account, a cash reserve account, a tax account, and a client trust account. Operating account and cash reserve: You’ll want to set up two accounts for your working capital: an operating account and a reserve account.

tax accountant 116

tax accountant accounting and finance Tax Start-ups 116

MyIRSRelief

JANUARY 16, 2023

They can help ensure that you are taking advantage of all the tax credits and deductions available to you, and can also help you avoid any costly mistakes that could result in an audit or fines. Call Mike Habib, EA today at 562-204-6700 for tax & accounting service.

tax preparation 130

tax preparation income tax Tax Real Estate 130

CPA Practice

JUNE 1, 2023

None of this common knowledge applies to actually getting your money out of your retirement accounts. In the next few paragraphs, I’m going to outline a standard withdrawal order for which of your accounts to withdraw from and when. These include individual, joint and revocable trust accounts. Don’t get into credit card debt.”

Account 116

Account accountant accounted accounting and finance 116

Shay CPA

FEBRUARY 28, 2024

Plus, getting things in order before you go to your accountant can streamline the process, helping you avoid extra expenses like troubleshooting services from your bookkeeper or rush-order billable hours with your CPA. Very few founders enjoy doing their taxes. Amazon, Staples) Payroll (e.g.,

Tax 52

Tax CPA bookkeeping tax preparation 52

CPA Practice

AUGUST 15, 2023

Jared Ballew, 2022-23 Chair of the ETAAC and Vice President of Government and Industry Relations at Taxwell; and Ann Campbell, CPA CIA and Drake Software Trainer will share an overview of the cyber threats that taxpayers and tax professionals face daily. Ann Campbell , CPA CIA, joined Drake Software in 2021 as a Tax Software Trainer.

Tax 52

Tax North Carolina Indiana CPA 52

ThomsonReuters

FEBRUARY 14, 2022

Every tax and accounting firm is unique, so there’s really no one-size-fits-all approach to hiring. Understanding your company culture is a useful step in finding a new accountant who is the right fit for your firm. Over the years, the role of tax and accounting firm employees has become increasingly digital-focused.

Account 92

Account accountant accounted accounting firms 92

Shay CPA

OCTOBER 18, 2023

The Inflation Reduction Act of 2022 has brought some significant amendments to the R&D Tax Credit, making it more accessible and beneficial for qualified small businesses (QSBs). The Basics The R&D Tax Credit, or IRC 41, offers taxpayers a credit against income tax for qualified research expenses (QREs). to get started!

payroll tax 52

payroll tax Tax income tax tax return 52

CPA Practice

JANUARY 11, 2024

Top 60 accounting firm Prager Metis has expanded its presence in North Carolina by combining with Asheville-based Goldsmith Molis & Gray, a full-service tax, accounting, payroll, and consulting firm. Financial terms of the deal, which became official on Jan. 1, weren’t disclosed.

North Carolina 59

North Carolina Nevada Connecticut New Jersey 59

Going Concern

AUGUST 25, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. The accounting industry is in a state of transition. The influx of private equity, labor shortages, and remote/hybrid work have all impacted accounting firms to varying degrees.

tax preparation 90

tax preparation CPA payroll tax Illinois 90

Shay CPA

NOVEMBER 8, 2023

Here are three areas game developers can often apply what they’re spending to shave down their tax liability. #1: 1: Offset payroll One of the biggest potentials for tax savings from IRC Section 41 comes from your payroll. Meet with an accountant with experience in this tax credit. debugging reports).

Gaming 52

Gaming Tax CPA payroll 52

Going Concern

SEPTEMBER 15, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Happy National Leave Your Accountant the F**k Alone Day , everyone! The Public Company Accounting Oversight Board (PCAOB) will hold an open meeting on Tuesday, September 19, 2023, at 10:00 a.m.

audit 99

audit Colorado CPA Texas 99

Going Concern

APRIL 11, 2022

Let’s take a look at how things have been going for the Internet’s most vexed tax accountants in the last 48 hours or so: #taxseason observations: 1. How do I pay my taxes? My previous account didn’t ask for that. Tax season bingo card. — Lindsey Starrett, CPA, CCIFP (@LindseyStarrett) April 10, 2022.

Tax 52

Tax CPA payroll tax payroll 52

Shay CPA

JANUARY 17, 2024

If you do the things on this list by the applicable dates, you should be in good shape to navigate this tax season with relative ease. One caveat here: we’ve tried to touch on tax requirements no matter where you operate. But you should definitely have a conversation with your accountant in the next few weeks on this topic.

Delaware 52

Delaware Tax income tax Iowa 52

Shay CPA

MAY 1, 2024

Working with an accountant who specializes in state and local taxes can clue you into what might apply based on that state’s laws, how long your employee plans to work there, the type of work they do, and more. The right accountant can also help you determine the bill for that tax liability.

Tax 52

Tax income tax New Jersey Education 52

ThomsonReuters

FEBRUARY 8, 2022

When you seek to win new tax clients, it’s best to start at the beginning. With so many generations in need of tax and accounting services in the market today, it can be a challenge to discover what a client truly wants or needs, or how they want to connect with you. That’s the first step to winning new business.

Tax 105

Tax Entertainment payroll bookkeeping 105

CPA Practice

JANUARY 17, 2023

Most states also require sellers to collect and remit local taxes (either city or county), so be sure your clients know to obtain the appropriate seller permits and tax account licenses to comply. Once registered, the company will be issued an employer account number and an unemployment insurance account number.

South Dakota 111

South Dakota income tax Legal payroll tax 111

Shay CPA

NOVEMBER 1, 2023

Talk with your accountant and they can help you identify work at your startup that counts as qualified research activity. Job titles that might count While your accountant can help you get a good feel for what salaries, hourly wages, and payments to contractors might count as QREs, we can help you get the ball rolling right here and now.

Tax 52

Tax Technology audit CPA 52

Shay CPA

OCTOBER 4, 2023

Because our team here at ShayCPA specializes in providing accounting services to tech companies, we spend a lot of time working with Section 41 of the Internal Revenue Code. IRC § 41 is what makes it possible to claim a tax credit for research and development, including clinical trials.

Technology 52

Technology Tax payroll tax CPA 52

Shay CPA

FEBRUARY 22, 2023

Per the Protecting Americans from Tax Hikes (PATH) Act of 2015 , if your gross receipts are less than $5 million and you’ve been in business for fewer than five years, you can most likely claim a credit of up to $250,000 to apply toward the social security tax on your payroll. Let us crunch the numbers.

Tax 52

Tax payroll tax payroll CPA 52

Going Concern

JULY 14, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. The Office Ernst & Young out of Triad market after closing Winston-Salem office [ Triad Business Journal ] The Triad now has offices for only two of the Big Four global accounting firms.

North Carolina 85

North Carolina accounting firms accounting and finance audit 85

Basis 365

APRIL 28, 2022

The tax side, which is closer to the accounting side, relates to selecting the appropriate business type that minimizes unintended tax liabilities. We have worked with a tax professional to outline some key considerations for what entity type you should be looking into. Sole Proprietorships 13.1%

income tax 52

income tax tax return tax planning Legal 52

CPA Practice

JANUARY 29, 2024

Online Account. An enhanced IRS Individual Online Account that includes chat, the option to schedule and cancel future payments, revise payment plans and validate and save bank accounts. Get free help preparing and filing taxes electronically Taxpayers can visit IRS.gov 24 hours a day to get answers to tax questions.

tax return 116

tax return Tax income tax tax preparation 116