CPA Practice
NOVEMBER 25, 2024
If you’re a business owner or a tax professional who represents one, the IRS wants to hear from you. 22 that it’s conducting virtual focus groups starting in December to gather feedback on the business tax account (BTA) online self-service tool. “We The agency said in an email on Nov.
Ronika Khanna CPA,CA
MARCH 7, 2025
Reconcile Payments More Easily Access statements of account to reconcile payments between various tax accounts. For example, GST/HST or QST refunds may be applied to payroll or corporate tax balances so being able to view and track this helps simplify reconciliation. Have your notices of assessment on hand.
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xendoo
JANUARY 6, 2022
While the salary is subject to self-employment taxes, the distributions are exempt, which allows S-Corps to avoid double taxation. . It is always best to speak to a small business tax accountant. Pay Quarterly Estimated Taxes . They will get to know your business, and determine if S-Corp Election is right for you. .
xendoo
MAY 16, 2023
Most small businesses have a low probability of going through an IRS audit, but it’s possible. What happens if you get audited and don’t have receipts to back your expenses? It’s a common question and concern for many business owners.
xendoo
MAY 16, 2023
Most small businesses have a low probability of going through an IRS audit, but it’s possible. What happens if you get audited and don’t have receipts to back your expenses? It’s a common question and concern for many business owners.
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