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Taxes on retirement income: Help for accountants advising clients

ThomsonReuters

Some employer-sponsored retirement plans, like pensions or certain profit-sharing plans, may provide a portion of income as a lump-sum distribution. The tax treatment of these distributions can vary, and it’s important to understand the specific rules governing each plan. Profit-sharing plan. 403(b) plan. SIMPLE IRA.

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Taxpayer Advocate Delivers Annual Report to Congress, Identifies Top 10 Problems with Agency

CPA Practice

The report says the IRS virtually eliminated its backlog of unprocessed original individual income tax returns (Forms 1040) and substantially improved telephone service. The areas in which taxpayers continued to experience delays were primarily those that required employees to process tax returns and taxpayer correspondence.”

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Accounting Practice Management Software: The Top 17 Roundup

Ryan Lazanis

Important Categories to Evaluate When evaluating accounting firm workflow management software, I would recommend taking a look at it in terms of the following categories: Task & Project Management Tracking Without proper task & project management tracking, your accounting or tax software for your firm is essentially useless.

Account 105
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Accounting for Startups

inDinero Accounting

With teams in different jurisdictions, there will be different tax and labor laws you will need to follow. Accounting management gets messy as your team and clientele spread across the country or globe. Budgeting and Future Cash Flow Planning A good accountant can tell you where your business is financially.

Account 52
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Accounting for Startups

inDinero Accounting

With teams in different jurisdictions, there will be different tax and labor laws you will need to follow. Accounting management gets messy as your team and clientele spread across the country or globe. A good accountant can tell you where your business is financially. Filing Taxes. Industry-Specific Aspects.

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