xendoo

FEBRUARY 23, 2022

As tax season looms, you may be wondering whether you should have an accountant prepare your taxes. In addition to considering how much an accountant costs , you’ll also want to consider how long an accountant will take to do taxes compared to trying to do it yourself.

Tax 94

Tax tax preparation tax return Account 94

CPA Practice

MAY 28, 2024

taxpayers living and working outside the United States must their 2023 federal income tax return by Monday, June 17, according to the IRS. are allowed an automatic two-month extension to file their tax return and pay any amount due. and Puerto Rico on the regular due date of their tax return.

tax return 52

tax return income tax Tax financial accounting 52

CPA Practice

JANUARY 29, 2024

The Internal Revenue Service opened the 2024 tax season on January 29, 2024, accepting and processing federal individual tax returns, and announcing that it expects more than 146 million individual tax returns for 2023 to be filed this filing season. Online Account.

tax return 116

tax return Tax income tax tax preparation 116

Reckon

APRIL 6, 2024

Much like those people who don’t understand the difference between Aussie rules, league and association football and call them all footy, a number of small business owners use the terms accounting and bookkeeping interchangeably. An easy start is to say that an accountant can be a bookkeeper but a bookkeeper isn’t an accountant.

bookkeeping 52

bookkeeping Account accountant accounted 52

CPA Practice

DECEMBER 12, 2023

Accountants using QuickBooks Online know they are getting a solid cloud-based solution to keep their clients’ books. However, when they combine QuickBooks with Intuit ProConnect Tax , they’ll get a more powerful way to manage their clients’ information. ProConnect Tax is well known among tax software. Tax adjustments).

quickbooks 111

quickbooks Tax tax return Technology 111

CPA Practice

FEBRUARY 28, 2024

The IRS started accepting and processing income tax returns on January 29, 2024. The deadline to file returns in 2024 is April 15 (this sometimes varies based on weekends or state holidays). This article includes a handy reference chart taxpayers can use to estimate how soon they may get their income tax refund.

income tax 116

income tax tax return Tax Massachusetts 116

CPA Practice

FEBRUARY 1, 2024

The IRS started accepting and processing income tax returns on January 29, 2024. The deadline to file returns in 2024 is April 15 (this sometimes varies based on weekends or state holidays). This article includes a handy reference chart taxpayers can use to estimate how soon they may get their income tax refund.

Tax 112

Tax tax return income tax Massachusetts 112

CPA Practice

FEBRUARY 5, 2024

It used to be that all an accountant had to do to earn respect, win over new clients, and have a growing firm was simply be a great accountant. They’re over for a few reasons: Reason #1: Most clients don’t value accounting as much as we think they should. Those days are over. or “I can do your books cheaper/faster/better.”

Account 52

Account accountant accounted tax return 52

CPA Practice

MARCH 29, 2024

7, 2024, various tax-filing and tax-payment deadlines for individuals and businesses affected by the Aug. The previous federal tax relief, announced shortly after the fires, mainly lasted through Feb. 15 , which did not cover federal income tax filings for tax year 2023. 8, 2023, wildfires in Hawaii.

Hawaii 59

Hawaii income tax Tax tax return 59

CPA Practice

DECEMBER 26, 2023

It’s almost January, which means the 2024 income tax filing season is coming soon. Although last minute tax law changes can have an impact, the IRS usually starts accepting e-filed income tax returns in the last week of January each year. That’s without an expensive “tax refund loan” or other similar product.

Tax 106

Tax tax return income tax Massachusetts 106

Xero

MARCH 7, 2023

Our research found that recruitment is one of the main challenges facing accountants at the moment, so we’re shining a light on some amazing accountants to bust misconceptions around the industry. They tell us more about their roles, their hobbies, and why accounting is such a fantastic industry.

Account 84

Account accountant accounted tax return 84

CPA Practice

DECEMBER 15, 2023

It’s almost January, which means the 2024 income tax filing season is coming soon. Although last minute tax law changes can have an impact, the IRS usually starts accepting e-filed income tax returns in the last week of January each year. That’s without an expensive “tax refund loan” or other similar product.

Tax 97

Tax tax return income tax Massachusetts 97

CPA Practice

JANUARY 8, 2024

The IRS has announced that it will start accepting and processing income tax returns on January 29, 2024. The deadline to file returns in 2024 is April 15 (this sometimes varies based on weekends or state holidays). That’s without an expensive “tax refund loan” or other similar product. Updated: Jan. 8, 2023 , 2:09 pm ET.

Tax 98

Tax tax return income tax Massachusetts 98

CPA Practice

NOVEMBER 22, 2023

December is here, which means the 2024 tax filing season is coming soon. The IRS usually starts accepting e-filed income tax returns in the last week of January each year, with the deadline being April 15 (which can vary based on weekends or state holidays). That’s without an expensive “tax refund loan” or other similar product.

Tax 98

Tax income tax tax return Massachusetts 98

CPA Practice

APRIL 8, 2023

It’s almost March, and the 2023 tax filing season is well underway. If you haven’t filed your tax return yet and are wondering how long it may take to get your refund when you do file, you’re not the only one looking for the answer. April 17 is also Patriot’s Day, a state holiday in Maine and Massachusetts.

income tax 116

income tax Tax tax return Massachusetts 116

Xero

APRIL 20, 2023

It’s been a tough year for many of you across the accounting and bookkeeping industry – supporting clients through turbulent economic times, whilst facing your own challenges. In the meantime, read more about our recent brand campaign created for accountants and bookkeepers here. And don’t miss some special surprises!

bookkeeping 85

bookkeeping Maine tax return Tax 85

CPA Practice

JANUARY 30, 2023

Most individual taxpayers won’t have such issues for this tax season. For clarification, the weeks leading up to the April 18, 2023 , deadline is when Americans file tax returns for income they received during the 2022 calendar year, or they can file an automatic extension, which gives them an additional six months to file.

income tax 106

income tax Tax tax return Massachusetts 106

CPA Practice

DECEMBER 22, 2023

The agency will waive nearly $1 billion in penalties for taxes owed by more than 4.7 As the IRS has been preparing to return to normal collection mailings, we have been concerned about taxpayers who haven’t heard from us in a while suddenly getting a larger tax bill. According to the IRS, that comes to about $206 per return.)

Tax 131

Tax tax return Washington Maine 131

Menzies

AUGUST 17, 2023

Menzies LLP - A leading chartered accountancy firm. UK residents disposing of residential property where a chargeable gain arises need to report and pay any Capital Gains Tax (CGT) due within 60 days of completion of the sale. You may need to seek guidance from your accountant or tax advisor on which expenses can be deducted.

Tax 52

Tax tax return chartered accountant Maine 52

CPA Practice

FEBRUARY 24, 2023

It’s almost March, and the 2023 tax filing season is well under way. If you haven’t filed your tax return yet and are wondering how long it may take to get your refund when you do file, you’re not the only one looking for the answer. April 17 is also Patriot’s Day, a state holiday in Maine and Massachusetts. Updated: Feb.

income tax 98

income tax Tax tax return Massachusetts 98

xendoo

JANUARY 11, 2021

For many small business owners, accounting is definitely not their area of expertise. They know they’re probably making mistakes and missing opportunities that a pro would spot right away, but they don’t know if accounting services will save more than they cost. “How much do accountants charge for year-round bookkeeping services?”

Account 52

Account accountant accounted bookkeeping 52

xendoo

MARCH 16, 2022

As you try to figure out which need to prioritize in your new venture, it is crucial that you first learn how to set up accounting for a new business. While it might seem mundane, good accounting is integral to the success of any business. We will take you through the essentials of setting up your accounting for a new business.

accrual accounting 52

accrual accounting Account accountant accounted 52

Withum

MARCH 22, 2024

Most people are aware that we are in tax filing season with individual returns due April 15th (or April 17th for those living in Maine and Massachusetts). While taxes are the main focus, clients are provided with opportunities to express other concerns. The accountant should be able to pick up on what you say.

tax preparation 59

tax preparation Tax cpas Massachusetts 59

CPA Practice

DECEMBER 13, 2023

New tax incentives were added, and existing tax incentives got extended and enhanced. This article covers two home energy tax credits for your individual clients to take advantage of by saving money on their tax returns and conserving energy to help out the environment. Remember to save any related documentation.

CPA 122

CPA tax return Tax audit 122

CPA Practice

MARCH 4, 2024

In the accounting world, the ground beneath our feet is shifting faster than ever, thanks to the whirlwind of advancements in technology such as AI, automation, blockchain, and more. Accountants and firms face daunting challenges around operational approaches, client relationships, and staff retention. By Matt Kanas.

Technology 69

Technology tax return Tax Start-ups 69

CPA Practice

MARCH 29, 2023

The interim rules provided by Treasury and the IRS also address determining CAMT adjustments for depreciation and the treatment of federal income tax credits, as well as providing a safe-harbor method for determining whether a corporation is an applicable corporation subject to CAMT.

Tax 65

Tax income tax cpas tax return 65

CPA Practice

NOVEMBER 9, 2023

Financial and tax software maker Intuit has added new updates to its professional line of products and services, including Intuit Tax Advisor , Intuit ProConnect Tax , Intuit Lacerte Tax , and Intuit ProSeries Tax , for the upcoming tax year.

Real Estate 52

Real Estate tax return quickbooks Tax 52

TaxConnex

JULY 26, 2022

Another DIY example requires you to login to each state’s e-file site where you are filing sales tax returns to retrieve electronic notices.? No Accountability. Who is accountable to you for resolving issues?? Has your boss contacted you about a sales tax issue? Sales tax falls to the way-side.

Sales 191

Sales Tax tax return Technology 191

CPA Practice

NOVEMBER 20, 2023

It’s almost December, which means the 2024 tax filing season is coming soon. 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 can vary based on weekends or state holidays).

Tax 52

Tax income tax tax return Massachusetts 52

ThomsonReuters

JANUARY 12, 2023

The primary role of an accountant is to handle a variety of tasks including tax preparation, financial planning and audits. . With advanced technology shifting the way accountants work, many are looking to expand into specialized services that can give them a leg up on the competition. Let’s start from the beginning. .

audit 59

audit auditor Account accountant 59

Going Concern

APRIL 12, 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. While the average mean salary for accountants in the U.S.

CPA 101

CPA auditor Tax audit 101

ThomsonReuters

JUNE 29, 2022

Summer is starting, so if you are planning to take the Certified Payroll Professional (CPP) exam during the Summer/Fall 2022 testing period, it would be a good idea to start working on those flashcards and find information for the seven main topics of the CPP test. Employers must deposit and report employment taxes.

payroll 97

payroll Tax tax return income tax 97

Nancy McClelland, LLC

APRIL 7, 2023

They also often have “collateral goals” that are in concert with the main mission, which often are focused on community engagement, social equity, and environmental issues. That’s why the work that the National Society of Accountants for Cooperatives is essential.

Agriculture 98

Agriculture Virginia CPA Education 98

Mark Lee

DECEMBER 13, 2022

Despite the common misconception, accountants are rarely interchangeable. Although you might all produce similar accounts and tax returns etc, the way you go about your work, your service levels and your interactions with your clients are as distinct as you are. By all accounts(!)

Account 52

Account accountant accounted Gaming 52

MyIRSRelief

DECEMBER 17, 2021

With tax season now right around the corner, it’s more important than ever to get your accounts and payroll 941/940 tax returns in order, rather than potentially find yourself staring down the wrong end of a substantial penalty from the Internal Revenue Service. They know the different employment taxes.

Tax 100

Tax tax return payroll CPA 100

Menzies

AUGUST 8, 2023

Menzies LLP - A leading chartered accountancy firm. HMRC have introduced new rules for the submission of R&D tax relief claims. This is with reference to the date the claim is filed, not the accounting period date, so any claims filed from 8 August 2023 onwards will need to comply with these new rules. What is happening?

Tax 52

Tax chartered accountant Maine tax return 52

ThomsonReuters

MARCH 1, 2024

To the IRS, S corporations (S corps) are considered “ pass-through entities ”, which means any deductions, losses, income, credits, and profits pass through directly to shareholders, who report their share of the business’s performance on their own personal tax returns. For 2024, S corp taxes are due on March 15, 2024.

corporation tax 52

corporation tax Tax tax return income tax 52