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).

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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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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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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. And governments around the world – 136, to date – have also already agreed to adopt the 15% minimum corporate tax.

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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.

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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. It took only two days for him to receive the funds.

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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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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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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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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.

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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?

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CTP

FEBRUARY 20, 2024

Let’s dive deeper than the usual retirement account advice and explore the broader impact of tax planning on every aspect of financial life. From shaping business strategies to optimizing personal finances beyond just saving for the golden years, tax planning is a dynamic tool that can transform financial futures.

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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. Small business loans A small business loan is a form of debt financing. Interest rates can strain your finances if they too are high. Entrepreneurs may also need to present finances and pitch.

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. Small business loans A small business loan is a form of debt financing. Interest rates can strain your finances if they too are high. Entrepreneurs may also need to present finances and pitch.

bookkeeping 52

bookkeeping Non-Profits Real Estate accounting and finance 52

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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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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CTP

SEPTEMBER 13, 2022

This kind of restructuring is possible when the creditor reduces the interest rate or extends the loan term, which enables the debtor to temporarily stabilize their finances before paying off their debts. A business owner should check which terms they qualify under with their accountant. Deduction of costs of gifts.

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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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audit tax return Entertainment income tax 52

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.

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LyfeAccounting

MAY 18, 2021

7 Tax Mistakes Business Owners Make. Tax Mistake #1: Not having a separate bank account. The first tax mistake that we see new business owners make is not having a separate bank account for just their business. You can open a business account at any major banking institution. Tax Mistake #5: Filing late.

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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. So usually, when you acquire a hard asset like a piece of real estate, car, or business equipment, those things depreciate year after year.

Legal 59

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CTP

SEPTEMBER 13, 2022

This kind of restructuring is possible when the creditor reduces the interest rate or extends the loan term, which enables the debtor to temporarily stabilize their finances before paying off their debts. A business owner should check which terms they qualify under with their accountant. Deduction of costs of gifts.

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LyfeAccounting

FEBRUARY 24, 2021

…regularly and exclusively for business, you can write off any associated rent, utilities, real estate taxes, repairs, and maintenance amongst other things. If you need help with your tax preparation , tax planning , or want to talk to a tax professional , we’re just a call away!

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LyfeAccounting

MARCH 10, 2021

So many people think because they file an extension they are exempt from tax penalties, but no. 5% until you pay off your taxes, which can basically be 6% a year. Now we have investments in real estate and accredited funds , and we’re happy to earn 6%, especially with passive investments.

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