CPA Practice

JULY 23, 2023

Even when your business is at the top of its game, a solid short-term funding option means you can add staff, increase inventory, and seize on a big opportunity. Hire an Accountant: Many small business owners shoulder their companies’ bookkeeping responsibilities in the startup stages.

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Xero

JULY 3, 2022

This is a guest post by accountant Daniel Hardy of Xero Platinum Partner firm Caveo Partners. Recently, Caveo Partners was named the best boutique firm of the year at the Australian Accounting Awards. . Your accountant or bookkeeper. . Do I need an accountant and a bookkeeper, or just one of the two? .

business tax 110

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Going Concern

JULY 13, 2022

CAS or “client advisory services” is defined by the AICPA as a practice where firms advise clients across a spectrum of financial and accounting related decisions with the goal of delivering higher value and deepening the trusted advisor relationship. That’s not a conversation, it’s a terrible game of.xlsx ping pong.

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Going Concern

MAY 5, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Entry-level CPAs in advisory practices are making $11,000 more than CPAs starting out in audit and tax, and $20,000 more than non-CPAs in advisory. The gap widens again at the upper levels.

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Snyder

NOVEMBER 10, 2022

Most SMB owners fall into the trap of putting off taxes until the last minute because they don’t have professional tax accounting software backing them up. Poor tax planning can result in high penalties with accruing interest rates to the IRS. First, try to make the most out of your accounting software.

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Shay CPA

MARCH 27, 2024

Fortunately, equity grants have completely changed the game. Employee stock purchase plans (ESPPs): This program lets employees use payroll deductions to buy company stock at a discounted price. If you want help exploring equity grants — and their tax implications — at your company, we’ve got you covered. Easy, right?

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KROST

DECEMBER 14, 2021

We are encouraging taxpayers to get ahead of the game and start re-evaluating IRC Section 174 expenditures now, for immediate and long-term tax planning. Learn more about Research & Development Tax Credit ». Evaluate whether any of the assets currently developed in-house could be acquired.

Tax 52

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LyfeAccounting

JUNE 9, 2021

You find yourself stuck staring at your Robinhood account with two choices: you can sell now to make the pain stop, or. The IRS doesn’t really approve of people trying to game the system and would like investors to bear some risk for their trades. you can hold knowing the future is uncertain. Talk to us today!

Tax 59

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LyfeAccounting

APRIL 30, 2021

Solo 401k is similar but you can’t have any employees in your business to establish this retirement account. We have some excellent posts here on our blog that take a deeper dive into retirement accounts for business owners so be sure to check those out as well. So, it can be greatly beneficial to be taxed as an S-Corporation.

Tax 52

Tax Real Estate tax planning accounting and finance 52

LyfeAccounting

JUNE 7, 2021

Tip #5: Max Out Your Retirement Accounts. Whether you are self-employed or not, putting your money into a retirement account like a Roth IRA or 401Ks shields your money against taxes. When you buy art, it can be a tax write-off. That’s just the opening move in a game of chess. But that’s not where it stops right.

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LyfeAccounting

APRIL 23, 2021

Now unless you’re an accountant reading this then we know you didn’t go to school to learn taxes and you probably don’t spend your weekends binge reading the tax code. So we’re not going to use a bunch of tax jargon you will read on other blogs. And this can be a tax savings of 30-40%! Final Takeaways.

Tax 52

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CPA Practice

SEPTEMBER 6, 2023

From the advent of first-to-market generative AI systems like ChatGPT, to highly specialized, accounting-focused systems, proponents of AI are fervent in their belief that the technologies will dramatically improve client services, firm management, small business accounting and many other areas of operations.

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LyfeAccounting

DECEMBER 30, 2020

So by the end of this post, I expect you will know more about the tax system and what you can do to start paying less taxes. And we always advise that you speak to your accountant or lawyer for specific recommendations for you. Know the game and increase your chances of dominating the game. Contact us today!

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ThomsonReuters

MARCH 2, 2021

Decide whether to buy or build your tax data software. Your decision-making team should include global users of the tax data software as well as any business stakeholders who would like to harness your tax data. Tracking Global Tax Filing Deadlines on A Spreadsheet Doesn’t Work. Use business disruption to build your case.

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