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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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.

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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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Going Concern

FEBRUARY 16, 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. public accounting firms, however, turnover has continued to increase.

Real Estate 102

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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 125

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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

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.

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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.

Account 40

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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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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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ThomsonReuters

NOVEMBER 15, 2023

Helping clients with charitable contribution deductions on their tax return Giving generously to causes we support not only enriches our communities, but it can also come with potential tax benefits. To determine if your charitable contributions are tax deductible, use the IRS Interactive Tax Assistant. In the U.S.,

Account 52

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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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Snyder

JANUARY 3, 2023

But the most important aspect of any business is accounting. All small business owners need to be familiar with basic accounting and bookkeeping, as it gives them a clear picture of the state of their finances, allows them to make informed business decisions, and lets them react to any adverse changes faster. What is accounting?

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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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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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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.

Tax 98

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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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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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LyfeAccounting

AUGUST 10, 2021

Not to invest in stock markets, real estate, or your business. . But no, literally, just to pay taxes to the government. By the way, speaking of stock and real estate, we have another post that discusses which is the better investment – stocks vs real estate investing. Or how about real estate?

Real Estate 52

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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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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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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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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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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?

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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.

Tax 40

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Going Concern

JANUARY 19, 2023

The IRS Criminal Investigation unit has released its top cases for 2022 and in it we get reality TV personalities, a rogue tax preparer, some garden variety PPP fraud, and even a former decathlete with his own Wikipedia page. million in fraudulent tax refunds and attempted to obtain at least $27 million more. government.

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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

Tax Real Estate Education Legal 52

SkagitCountyTaxServices

FEBRUARY 4, 2021

Working with business owners gives the chance to do a lot of damage to tax bills … but personal taxes are still “a thing” Below is a list of what you will need during the tax preparation process on the personal side. Nonetheless, it’s a useful tax checklist.

income tax 53

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Cherry Bekaert

JUNE 20, 2023

Manufactured homes must meet the FMHCSS requirements, have building envelope component improvements that account for at least 1/3 of the 30% reduction in energy consumption, and meet the current requirements established by the Administrator of the Environmental Protection Agency under the Energy Star Labeled Homes program.

Tax 57

Tax Construction Manufacturing Real Estate 57

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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