MyIRSRelief

MAY 22, 2023

In this article, we will explore the benefits of professional tax help for Chicago taxpayers facing tax audits, back taxes, and 941 payroll tax problems. Contact us for tax help today. Tax audits can be time-consuming and require a significant amount of documentation.

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PYMNTS

FEBRUARY 23, 2016

percent of the country expected to receive a tax refund, almost half (49.2 percent) said that they had already made up their minds to send the funds to savings accounts rather than a retailer’s till. While a National Retail Federation survey found that 65.5

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Going Concern

SEPTEMBER 29, 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 and advisory firm in an email said it plans to move its office from One Cleveland Center (1375 E. What CPAs can learn from Smucker’s [ Accounting Today Voices ] J.M.

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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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xendoo

AUGUST 16, 2021

From choosing an accounting method to managing transactions to setting up payroll, bookkeeping can be an extremely confusing and time-consuming process! That’s why many business owners decide to get bookkeeping help, whether they use a form of online bookkeeping software or hire an accountant. . What Is Accounting Software?

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LyfeAccounting

JULY 1, 2021

But in 1931, Capone was found guilty of 22 counts of federal income tax evasion and was convicted to 11 years in federal prison, in addition to $215,000 plus interest due on back taxes. You see, despite publicly displaying his wealth, Capone never filed a Federal tax return. And, we also offer tax resolution services.

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LyfeAccounting

JUNE 22, 2021

For tax purposes, sole proprietors are considered disregarded entities. All this means is that you do not have to file a business tax return when you file your taxes. Instead, you will file a Schedule C when you file your personal tax return. Step 1: Operate out of a business bank account.

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Withum

FEBRUARY 1, 2023

Every year the top dealership accounting firms and CFOs converge to discuss the latest hot topics as they relate to dealerships and dealership accounting issues. Set in New Orleans, Louisiana this year, there was plenty of fun (Phillies Astros World Series Game 1) and information to go around.

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xendoo

JULY 14, 2021

Invoice factoring: The business owner sells their accounts receivables (due invoices) to a factoring company at a discount with fees added on top. Financial accounts, i.e., Income Statements, Profit and Loss statements. VAT returns/ Tax returns. The factoring company then releases the funds to them. Business plan.

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LyfeAccounting

JANUARY 7, 2021

But when you’re registering or reviewing your DUNS account, CAREFULLY review the information. For example, for our accounting firm , all we had to do was search the NAICS database for accounting. If you have filed business tax returns in the past, you should already have one and can locate this number on your tax returns.

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LyfeAccounting

APRIL 30, 2021

So if 80% of the usage of your cellphone is for business purposes, you can only write off 80% of the cellphone and monthly service on your tax return. Solo 401k is similar but you can’t have any employees in your business to establish this retirement account. in self-employment taxes! Vehicle Expenses.

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PYMNTS

NOVEMBER 22, 2017

Account takeover fraud , card-not-present (CNP) fraud, tax fraud, selling stolen financials, selling fake bank accounts, the Dark Web: If security experts are fighting it today, chances are that Brett Johnson was there when it started. From there, Johnson got into modifying cable boxes and game machines. Lessons Learned.

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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.

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inDinero Accounting

JANUARY 9, 2023

Table of Contents What Makes Accounting Services for Startups Different? Why Is Accounting Important for Startups? However, a lack of accounting experience and knowledge can be a hindrance, especially for startups which need to be agile and primed for rapid growth. What Makes Accounting Services for Startups Different?

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inDinero Accounting

JANUARY 9, 2023

What Makes Accounting Services for Startups Different? Why Is Accounting Important for Startups? How to Select the Right Startup Accountant. Getting Started with Startup Accounting. Accountants’ specialized knowledge can support your startup business in many ways. Table of Contents. Getting into legal troubles.

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PYMNTS

MAY 27, 2016

The Mexico-based online lending platform revealed an $8 million Series A funding round this week, a move that will help the company as it looks to strengthen Latin America’s SME finance game. Konfio links microbusinesses in the region to financing. Expense Management. ” BigID.

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TaxConnex

APRIL 6, 2021

A specified digital product includes digital audiovisual works, audio works, books, artwork, photographs, periodicals, newspapers, magazines, video greeting cards, audio greeting cards or video games. tax issue this year as other states move to join Maryland in trying to levy taxes on this commercial internet-based activity.

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Accounting Insight

FEBRUARY 1, 2024

Such a business tax enquiry is not to be confused a regular compliance check into personal tax returns or simpler corporation tax returns, which typically focus on a single tax year or accounting period, and sometimes just a handful of aspects. This is what sets apart an HMRC business enquiry.

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LyfeAccounting

DECEMBER 30, 2020

?. Are you tired of paying taxes? Taxes stink. But recently, I heard that some people pay very little in taxes. In fact, the president’s tax returns show he paid just $750 in federal income taxes in 2016 and 2017. Know the game and increase your chances of dominating the game. Yeah me, too.

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LyfeAccounting

JULY 15, 2021

There are tax incentives for homeownership. You are able to deduct your mortgage interest and property taxes on your annual tax return. This means at the end of the year, there is a large tax deduction you can take. Having a gym, pool or game room might be something you really want to have on a day-to-day basis.

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LyfeAccounting

MAY 5, 2021

For those people, we edited the chart and made a slight adjustment, so you can see their tax rate would be closer to the 40% range. of the 154 million people who filed a tax return in 2018. During the same year, let’s say you earned $100,000 and that puts in you the 24% tax bracket.

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Going Concern

NOVEMBER 10, 2023

Footnotes will return as scheduled on November 24. Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Now’s the time so check out Accountingfly’s top remote accounting candidates of the week.

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PYMNTS

DECEMBER 19, 2016

Chetty and his team did that by gaining access to the anonymized tax returns of people in their mid-30s over a 40-year period between 1940 and 1980. Today, B2C advertising is increasingly a data game served by ad platforms to consumers toting digital devices who spend most of their time with their noses inside of social networks.

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Going Concern

MAY 24, 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. ICYMI: Here are the five most-read posts on Going Concern this week.

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Going Concern

AUGUST 4, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Practice How one small firm drastically cut its busy-season hours [ Journal of Accountancy podcast ] Johanna Sweaney Salt, CPA, CGMA, used to work 100 hours a week during busy season.

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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. The service is already being used by 1.4

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