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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xendoo

FEBRUARY 15, 2022

If you own a business or earn a significant income, you may be wondering how to manage your tax situation and how much a tax consultant costs. There is a lot to consider when weighing the costs and benefits of hiring a tax consultant. A tax consultant can help with any of these issues. Complexity of Services .

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tax consultant Tax tax return business tax 103

CPA Practice

APRIL 19, 2023

Everything was handled by a CPA, from collecting client documents to doing the work and delivering the tax return, financial statements or other work products. She’d tried moving to the audit department and even leaving to work in industry but hadn’t found the right fit.

Technology 123

Technology CPA tax return auditor 123

ThomsonReuters

MARCH 1, 2024

To the IRS, S corporations (S corps) are considered “ pass-through entities ”, which means any deductions, losses, income, credits, and profits pass through directly to shareholders, who report their share of the business’s performance on their own personal tax returns. For 2024, S corp taxes are due on March 15, 2024.

corporation tax 52

corporation tax Tax tax return income tax 52

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. Online tax preparation + IRS forms. What is tax software?

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tax preparation Tax tax return accounting software 52

ThomsonReuters

JUNE 15, 2022

Top CPA firms have long understood the need to elevate their staff from being tax preparers to tax advisors. While a preparer focuses on churning out tax returns, an advisor tries to evaluate broader implications of tax code changes by considering: What are the recent tax law changes my clients should know about?

Tax 98

Tax Technology audit tax preparation 98

LyfeAccounting

MAY 18, 2021

The first tax mistake that we see new business owners make is not having a separate bank account for just their business. It is so important to do this so you can clearly keep track of all of your business income and expenses. After all, you want to write off as many business tax deductions as possible.

Tax 52

Tax tax return accounting and finance Real Estate 52

ThomsonReuters

JANUARY 18, 2024

Preparing tax returns. In fact, more boards and audit committees are, or will be, looking for accountants who understand AI ’ s potential and limitations. Recording disbursements and payments. Ensuring that systems are up to date. They also need one year of accounting-related work experience.

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Account accountant accounted tax preparation 59

LyfeAccounting

APRIL 27, 2021

Fast forward, a year later and the store during its annual audit or something realizes you mistakenly paid more for the computer than necessary and they decided to give you $500 back. Let’s say you filed your 2020 tax return and are getting a $3,500 refund. It would be good to consult your tax advisor on this.

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Tax income tax tax return accounting and finance 52

LyfeAccounting

APRIL 23, 2021

And what if we told you the business tax code was actually set up for you to do so? So we’re not going to use a bunch of tax jargon you will read on other blogs. Instead, we are going to do our best to make this a very simple guide so that you can follow and implement this yourself on your next tax return.

Tax 52

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ThomsonReuters

FEBRUARY 8, 2024

LLCs are considered “pass-through entities,” which means the LLC itself does not pay federal income taxes on business income. Instead, income “passes through” to individual members of the LLC, who pay federal income tax earned from the LLC via their own individual tax returns. The post How are LLCs taxed?

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ThomsonReuters

MARCH 2, 2021

On the other hand, buying a proven tax data software solution from an experienced technology partner can circumvent these problems while also saving money. You can integrate tax data software with an ERP system and you gain control over your tax planning and obligations with up-to-date and accurate data.

Tax 52

Tax corporation tax Technology audit 52