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Finding Your Financial Compass: Why Small Businesses in Los Angeles Thrive with Specialized Tax and Accounting Support

MyIRSRelief

But for these go-getters, navigating the complexities of running a business, especially the ever-challenging world of taxes and accounting, can feel overwhelming. This is where specialized tax and accounting firms step in, becoming a crucial partner for small businesses with under 100 employees.

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Timing is Everything: Elevate Your Retail Business with Smart Year-End Planning Strategies for Optimal Profits

Menzies

Menzies LLP - A leading chartered accountancy firm. In this article, we unlock some secrets to strategic financial planning for your retail business. In a competitive retail landscape, even marginal gains matter—why not rethink your year end with insights from the Menzies Retail team. Are you thinking outside of the norm?

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Sales and Use Tax Updates from March

TaxConnex

There’s always something changing in the world of tax, especially sales tax. The Alaska Remote Seller Sales Tax Commission has approved its “Remote Seller Sales Tax Code & Common Definitions” that would apply to local municipalities in Alaska that choose to adopt it. 10 to report use tax.

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Crypto Fails To Impress For Corporate Tax Payments

PYMNTS

to allow businesses to pay their corporate taxes in bitcoin. While B2B use cases of blockchain are plenty (and gaining greater traction in use cases such as trade finance and cross-border corporate payments), adoption of bitcoin and other cryptocurrencies themselves remains muted in the business community.

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Wirex Rolls Out Beta Version Of Crypto Business Account

PYMNTS

Wirex, a cryptocurrency and fiat (real money) payments platform, is releasing a beta version of a regulated crypto-oriented business account, according to reports. The account will support both crypto and fiat payments, and users will be able to transfer funds using over the counter rates or using blockchain, SEPA or Swift.

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How Miami Became a Hub of PPP Fraud After Pandemic

CPA Practice

He also claimed his company’s payroll was $1,035,091 in the previous year on an IRS tax form. 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.

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How to enhance the audit experience

Menzies

Menzies LLP - A leading chartered accountancy firm. The audit team should provide a ‘request list’ to the finance team well ahead of each visit, so the applicable documentation can be made available. For instance, the auditor may find that the finance team has provided information that is inaccurate or incomplete.

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