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Guide to accountant responsibilities

ThomsonReuters

Preparing tax returns. Additionally, depending on the type of firm, accountants may be involved in more advisory-centric responsibilities, such as analyzing financial data and providing clients with strategic guidance and recommendations on how to reduce costs and boost profitability. Recording disbursements and payments.

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AICPA Dealership Conference – Updates and Takeaways

Withum

LIFO The Last-In First-Out inventory method is a common inventory valuation method used by many dealerships that can help taxpayers lower their income tax for a period of time. In order to use the LIFO method, a taxpayer must file Form 970 with their tax return to make the election.

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2022 Federal Budget Highlights

DMCL

The tax credit rates are 60% for eligible capture equipment used in a direct air capture project, 50% for all other eligible capture equipment and 37.5% for eligible transportation storage and use equipment with lower tax credit rates applicable from 2031 to 2040. Introduction of the Critical Mineral Exploration Tax Credit (CMETC).

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Friday Footnotes: A World Without Accountants; GAO Finds a Big Mistake; ‘Fazbie’ | 8.5.22

Going Concern

Meet the accountants who may become the new power brokers of taxes. [ Georgia says an ‘unborn child’ can be claimed as a dependent on state taxes [ CNN ] Georgians can now claim an “unborn child” as a dependent on their state taxes, the state’s Department of Revenue announced this week.

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