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?

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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?

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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. Let us connect you to experienced accountants to fill the needs of your team.

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ThomsonReuters

JANUARY 4, 2024

Jump to: Utilize short-term staffing solutions Incorporate AI and automation into your workflow Become a strategic advisor As accounting firms usher in 2024, it’s important to take a fresh look at the business landscape — both its challenges and its opportunities — to best prepare for the year ahead.

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ThomsonReuters

JANUARY 4, 2024

Take advantage of wellness benefits The numbers are in, and they reinforce the mental health challenges facing accountants. Nearly 9 in 10 accountants want a better work-life balance, while just over 70 percent would like more help from their organizations to manage mental health, according to ACCA’s Global Trends Survey 2023.

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Menzies

JANUARY 29, 2024

Menzies LLP - A leading chartered accountancy firm. Likewise, if you add to this wages, payroll taxes, VAT, corporation tax payments, loan repayments, deposit movements and other overheads, the situation can become even more complicated. As sales dip after the festive season, maintaining cash flow becomes crucial.

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CPA Practice

AUGUST 15, 2023

Plus, by adding RA services to your CPA firm, you’ll become your clients’ one-stop solution for their business needs, including accounting, tax, and compliance services. She is the CEO of CorpNet , the smartest way to start a business, register for payroll taxes, and maintain business compliance across the United States.

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MyIRSRelief

FEBRUARY 1, 2023

Currently not collectible: If you are unable to pay your 941 payroll debt due to financial hardship, you may be able to request that the IRS place your account in currently not collectible status, which means that the IRS will suspend collection action until your financial situation improves. if you do not pay your tax debt.

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Withum

SEPTEMBER 15, 2023

Form 3115 is not required for the change in method of accounting related to Section 174 R&E expenditures if the change was made in the taxpayers’ first taxable year beginning after December 31, 2021.

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ThomsonReuters

NOVEMBER 21, 2023

Jump to: Set engagements and expectations for next year Address economic pressures that are top of mind Advise on tax planning topics As the year comes to a close, most accounting firms are guiding clients through the complexities of year-end tax planning. Employee retention credits.

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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.

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Menzies

JANUARY 19, 2023

Menzies LLP - A leading chartered accountancy firm. As key members of the HLB International network we are connect to over 150 local accounting and advisory firms which we regularly work with to overcome many of the steps which we’ve explored here. What are the rules and risks of an area?

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ThomsonReuters

FEBRUARY 9, 2022

States and localities may also provide tax relief for businesses affected by a disaster. California, which has been affected by numerous wildfires, posts disaster tax relief for payroll taxes on the Employment Development Department’s website. Payroll really is part of our daily lives in one way or another.

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LyfeAccounting

NOVEMBER 2, 2020

You don’t have to pay payroll taxes or benefits that you may give a W2 worker such as health insurance, PTO or even overtime. Also, you’re expected to withhold taxes on behalf of your employee such as social security and Medicare taxes. You’re expected to pay payroll taxes as an employer. and paid time off.

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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 98

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Snyder

FEBRUARY 13, 2023

Finance and accounting are the foundation of every business, whether it’s a small venture or a large corporation. In this article, we’ll review finance and accounting outsourcing (FAO), in particular its benefits for small and medium businesses. To automate your finance and accounting, sign up for a free trial or book a demo.

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ThomsonReuters

APRIL 6, 2023

Whether you’re an accountant, a small business owner, or a professional working within an organization, understanding what accounts payable is and how it works is essential. As an important cash flow indicator, accounts payable is a sign of the health of a business. Often, accounts payable is abbreviated as “AP” or “A/P”.

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ThomsonReuters

MAY 11, 2023

Small and mid-sized accounting firms are increasingly grappling with the need to do more with less, often putting staff at risk of burnout and weighing down productivity. But what if you could boost your firm’s efficiency and morale at the same time?

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Snyder

JUNE 20, 2022

However, delegating doesn’t mean staying out of the loop completely, especially when it comes to business finances, primarily accounting. Accounting is the language of numbers. What is small business accounting? Basic steps in accounting for small businesses. Open a business bank account. Contents: 1.

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Going Concern

SEPTEMBER 16, 2022

Sayantani Ghose filed a complaint in Manhattan federal court on Wednesday claiming EY punished her for exhibiting “professional skepticism,” even after the accounting firm had paid tens of millions of dollars in fines and settlements over its auditors’ alleged misconduct in recent years. Accounting Firm M&A.

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Steve Feinberg

OCTOBER 31, 2022

Decide Which Accounting Method Is Right for You. When you submit your tax returns, you’ll have to choose between an accrual basis and a cash basis. Accrual basis accounts for money and expenses when they are earned. That said, not every business owner needs to be an accounting genius to run their company effectively.

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Withum

FEBRUARY 1, 2023

With its passage, R&D tax credits in the form of payroll tax offsets have effectively doubled for qualified small businesses. The payroll tax offset cap is increasing from $250,000 for the 2022 tax year to $500,000 for tax years starting after December 31, 2022.

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Going Concern

FEBRUARY 23, 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. Accountingfly has a ton of talented professionals ready to get onboarded right away.

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LyfeAccounting

DECEMBER 28, 2020

And while I can’t tell you if those stories are true or not, or whether or not they’re committing fraud or not… I can tell you for a FACT that there are incentives BAKED into the tax law that allows businesses and individuals to save on their taxes. The research & development tax credit can put up to $250,000.00

business tax 52

business tax Tax tax return Government 52

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.

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Going Concern

OCTOBER 27, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. They also expressed doubt IRS would deliver on its promise to not increase audits on those making less than $400,000 per year, promising to hold IRS Commissioner Danny Werfel accountable. “My

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Going Concern

DECEMBER 23, 2022

We will be out of office next week but have scheduled some things to run while we’re gone for those individuals who are severely addicted to accounting shitposts and simply cannot go without. The average British worker’s pay in 2023 is expected to fall back to 2006 levels once inflation is taken into account, according to PwC.

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