Going Concern

JANUARY 4, 2024

Moss Adams ranked #14 on the most recent INSIDE Public Accounting Top Howevermany list with $1.1 The requisite self-fellating news release quote: “For over 100 years, we’ve supported organizations as businesses advisors and accountants,” said Eric Miles, chairman and CEO of Moss Adams. Real Estate Practice).

Real Estate 57

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Ryan Lazanis

MAY 24, 2023

Here is my complete guide to emerging accounting technologies for 2023. In this guide, you’ll learn about the top accounting technology in the profession along with some tips and tricks on how to leverage them. So if you’re looking to leverage software to automate your accounting work, you’ll love this guide.

Technology 98

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MyIRSRelief

MARCH 1, 2022

Bookkeeping is a very important part of any business and unless you have a dedicated department to handle yours, you should consider hiring an outside tax/accounting firm. Top 5 Reasons to hire a tax/accounting firm to service your businesses bookkeeping needs.

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ThomsonReuters

MAY 5, 2022

Each year, tax time is an opportunity to expand your accounting firm’s client base. That is a question firms should consider as they reflect on the tax season. Leading up to tax time, there are potential clients ranging from individuals to major corporations who may be on the hunt for a new tax preparer.

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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.

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CPA Practice

MARCH 26, 2024

Although Lorquet fabricated the claims and paperwork, his loan request was approved by BlueVine and $215,645 was deposited into his account at TD Bank on June 5, 2020. Millions of government funds rolled into his bank accounts. He also transferred $17,000 into his TD Ameritrade account, according to court records.

Real Estate 124

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ThomsonReuters

OCTOBER 12, 2023

For accountants, understanding how to navigate foreign asset reporting is essential, as the IRS requires taxpayers to report certain foreign assets to ensure compliance and combat tax evasion. You may be obligated to do so if you meet certain criteria, such as having foreign financial accounts exceeding certain thresholds.

Real Estate 40

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MyIRSRelief

FEBRUARY 1, 2022

For most businesses, this falls on the Accounting department. A CPA or Certified Public Accountant, or EA Enrolled Agent is a specially trained professional who knows all of the necessary rules and regulations regarding business finances. This includes the very important topic of taxes (preparation, planning and representation).

CPA 130

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CPA Practice

JANUARY 24, 2023

Unlike other industries, cannabis business leaders must navigate an industry with exceptionally high tax rates and complex, ever-changing legal requirements. Instead, operators should consider outsourcing their accounting functions. Here are the five major benefits of outsourcing accounting functions in the cannabis industry: 1.

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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

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Snyder

NOVEMBER 17, 2022

Accountancy firmly belongs to the financial sector but it also shares a lot of key features with the service industry. No one can be an expert in all those areas, that’s why finding a helpful blog for accountants is such a great idea. So let’s begin our journey to the land of accountancy! Accountants, bookkeepers, and CPA’s.

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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 100

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xendoo

JUNE 23, 2021

By carefully assessing not only your properties but your business as a whole, you can hold onto more of your hard-earned cash at tax time. The following tax tips for real estate agents are a great place to start looking for valuable deductions. 7 Tax Tips for Real Estate Agents. #1

Real Estate 52

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Accounting Insight

MARCH 3, 2023

As digital transformation continues to accelerate the evolution of tax and accounting, the players who expedite their embrace of these six tech trends will have an early mover advantage. For example, we launched an AVA Chatbot which handled 18.2% – 19,000 in total – of all customer support inquiries received during the 2022 tax season.

Tax 52

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Going Concern

MARCH 24, 2023

Journal of Accountancy ] Pandemic pressures have worn the workforce thin, and the economy is in the thick of rapid, radical change. Many practitioners in public accounting are feeling burned out. The federal government levies taxes on collectibles held for more than a year at a top rate of 28%. CLA, 8th Largest U.S.

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ThomsonReuters

JULY 6, 2023

If you’re a tax and accounting professional, you’ve likely found yourself answering numerous questions related to your clients’ tax returns. Whether it’s advising on residential energy tax credits or restructuring a partnership, your knowledge and expertise beyond the tax return are valuable.

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KROST

FEBRUARY 23, 2021

This is a preview of one of the articles in the new KROST Quarterly Real Estate Issue , titled “Opportunity Zones and Cost Segregation” by Guest Contributor Artur Babaian. Deferring gain into an Opportunity Zone investment differs from a 1031 exchange deferral, which is familiar to most real estate investors.

Real Estate 52

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MyIRSRelief

MAY 1, 2024

They can advise on maximizing retirement contributions, choosing the most advantageous business entity, and implementing investment options that minimize your overall tax burden on forms like 1120, 1120S, and 1065. Time Efficiency: Tax preparation and research are notorious time-sinks.

Tax 130

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KROST

NOVEMBER 10, 2020

Greg is the Managing Principal of KROST and has been actively involved with the firm’s business consulting and tax practice for over 37 years. Keith is recognized as a thought leader and industry speaker on topics of business and accounting issues.

Manufacturing 55

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Withum

MARCH 1, 2023

Make sure to account for every line item. If you have a complicated tax return and the tax comparison schedule is inadequate, then you should prepare your own schedule, and I suggest using spreadsheet software. Of course, if you have a complicated situation, should use a professional tax preparer.

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Basis 365

MARCH 6, 2022

While we may not be tax accountants , we, too, look for ways to save money, and having tax write-offs is a great way to save your business some money. In that sprint, we’ve devised a list of some common tax write-offs that you might consider when preparing your taxes this season.

Tax 52

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ThomsonReuters

JUNE 15, 2021

Angie Wood, owner of Wood CPA , started her firm in 2019 after several years of working for larger accounting firms. As a small firm owner, you may want to focus on a specific accounting specialization. A niche accounting service is often dependent on location, interest, and understanding of a particular sector. ” __.

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CTP

FEBRUARY 20, 2024

It’s a widespread belief, but it barely scratches the surface of what tax planning can do. Let’s dive deeper than the usual retirement account advice and explore the broader impact of tax planning on every aspect of financial life. In this article, we’re going to debunk that myth together.

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xendoo

JANUARY 12, 2022

February 15, 2022: Financial institutions must send Form 1099-B (sales of stocks/bonds/mutual funds through a brokerage account), Form 1099-S (real estate transactions), and Form 1099-MISC unless the sender is reporting payments in boxes 8 or 10. Tax Preparation and Planning Made Easy. Want to learn more?

business tax 98

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ThomsonReuters

OCTOBER 12, 2023

From understanding what foreign income is to navigating various tax forms and deductions, it is important for accountants to understand the ins and outs of U.S. taxpayers who own foreign real estate may have additional reporting requirements. Failure to do so can result in severe penalties. Foreign property reporting.

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xendoo

NOVEMBER 23, 2020

Deduct insurance premiums on the company’s real estate holdings and equipment. Real Estate Taxes. Any real estate taxes you pay to your state, city, and even another country are deductible. You can also deduct bank fees and charges on business accounts. Property Insurance.

Tax 52

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inDinero Tax Tips

MARCH 2, 2023

Therefore, crypto is subject to capital gains taxation, just like other capital assets such as equities, real estate, and bonds. That means you must disclose any cryptocurrency trading activity conducted over the past year on your tax return. Instead, the IRS classifies them as digital assets.

Tax 98

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ThomsonReuters

MARCH 1, 2024

Itemize business deductions Like most businesses, S corps can reduce their tax burden by deducting expenses related to operation of the business. To be eligible, a business must be in a “specified service trade or business,” such as a lawyer, doctor, consultant, financial planner, or accountant. The post How are S corporations taxed?

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xendoo

AUGUST 30, 2023

Large-scale restaurants, breweries, casinos, and hotels generally need additional funding for real estate, equipment, and labor. SBA’s 504 loans are for purchasing fixed assets like real estate and equipment. Working with an accounting service or virtual CFO with startup experience can help.

bookkeeping 52

bookkeeping Non-Profits Real Estate accounting and finance 52

xendoo

AUGUST 30, 2023

Large-scale restaurants, breweries, casinos, and hotels generally need additional funding for real estate, equipment, and labor. SBA’s 504 loans are for purchasing fixed assets like real estate and equipment. Working with an accounting service or virtual CFO with startup experience can help.

bookkeeping 52

bookkeeping Non-Profits Real Estate accounting and finance 52

ThomsonReuters

NOVEMBER 15, 2023

For accountants, navigating the complexities of Form 8283 and the tax implications of non-cash charitable contributions is essential in providing solid financial guidance to clients and optimizing their tax benefits. taxpayers are accurately valuing their noncash contributions and claiming the appropriate tax deductions.

tax return 98

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xendoo

APRIL 27, 2023

You are a real estate mortgage investment conduit (REMIC) operating as a partnership, you’ll file Form 1066 instead. Form 1065 is due three months after the end of the tax year—on the 15th day to be exact. How to file Form 1065 Most companies hire a CPA or tax professional to file their 1065 because it’s a complicated form.

Non-Profits 52

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xendoo

APRIL 27, 2023

You are a real estate mortgage investment conduit (REMIC) operating as a partnership, you’ll file Form 1066 instead. Form 1065 is due three months after the end of the tax year—on the 15th day to be exact. How to file Form 1065 Most companies hire a CPA or tax professional to file their 1065 because it’s a complicated form.

Non-Profits 52

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xendoo

APRIL 8, 2022

Many small business owners miss out on tax savings simply because they aren’t aware of what tax deductions are available. As professional accountants, we know all the small business tax deductions that can save you money, and we’re sharing them in this tax deductions checklist. . Car expenses. Travel expenses.

business tax 97

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xendoo

JULY 6, 2023

You use the same bank account for both business and personal expenses. However, you need to track the hours you use it and factor that into home office expenses like mortgage interest and real estate taxes. For example, you might trigger an IRS audit if: You have large changes in income or deductions from year to year.

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xendoo

JULY 6, 2023

You use the same bank account for both business and personal expenses. However, you need to track the hours you use it and factor that into home office expenses like mortgage interest and real estate taxes. For example, you might trigger an IRS audit if: You have large changes in income or deductions from year to year.

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SkagitCountyTaxServices

AUGUST 26, 2021

Per the Treasury , the bill will target tax increases on big corporations (raising the corporate income tax — i.e. C-corps — to 28%, among other moves) while protecting the majority of small businesses (around 97%). First off (and most importantly), plan ahead.

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