MyIRSRelief

OCTOBER 3, 2022

If you own a property, a business, or are employed, you’ll likely have to pay taxes. According to the 16th Amendment in our Constitution, individuals are required to pay taxes from income sources. Taxes can be broken down into three categories: what you purchase, what you own, and what you earn. Call us today at 1-877-788-2937.

tax services 147

tax services California Tax tax preparation 147

Withum

MAY 14, 2024

As discussed in our previous article, The Case for Using a Forensic Accountant , confronting the prospects of a cash-based audit is fraught with potential traps and exposure to civil and criminal penalties, including incarceration. The accountant does not want to become a witness for the government. The list goes on.

audit 76

audit forensic accounting tax return Gambling 76

Going Concern

MAY 23, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires.

Real Estate 57

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Accounting Insight

MAY 14, 2024

IRIS Software Group , a leading global software provider of accounting, edtech, payroll and HR solutions, today released the results of its anonymous poll of UK-based accountants, conducted during February and March 2024. Tax returns: 90% of respondents charge between £126 and £400 for a tax return.

tax return 52

tax return Tax Account accountant 52

CPA Practice

MARCH 20, 2024

Over the last several years, many unscrupulous tax credit promoters that marketed misleading information about the Employee Retention Credit (ERC). To combat a wave of dubious ERC claims, the IRS has sharply increased compliance action through audits and criminal investigations – with more activity planned in the future. This is false.

Government 119

Government Tax payroll audit 119

SMBAccountant

MAY 17, 2024

Establishing a core understanding of key accounting principles not only instills confidence but also ensures compliance with accounting and government regulations. It will also have tax implications and different regulatory compliances the business will have to follow. Audit preparation and compliance require organized documents.

accounting software 130

accounting software Legal tax return financial statements 130

Going Concern

MAY 16, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires.

Real Estate 57

Real Estate Account accountant accounted 57

Accounting Insight

FEBRUARY 16, 2023

But no matter the size, with tracking and paying expenses, making payroll, setting budgets, preparing for the tax season, and more all falling under one department, you’re likely looking for ways to make managing financial processes easier and more transparent. What is payroll? Take expenses, for example.

payroll 59

payroll Spend Management Solutions Expense Management accounting and finance 59

CPA Practice

JUNE 13, 2023

“Baird, Cotter & Bishop has vast experience serving government entities, which will deepen our bench as a trusted service provider to the public sector.” The firm concentrates heavily in government audits in Michigan—it has audited more than 100 local units of government over the past two years.

Michigan 98

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Snyder

FEBRUARY 7, 2023

Tax liability is an inevitable part of running a business. Every year business owners have to bear the burden of the tax season, paying taxes for income, payroll, property, sales, and so on. In total, nearly 30% of a business’ income is needed to cover all tax payments. What exactly are tax deductions?

Tax 98

Tax business tax Real Estate Legal 98

Going Concern

SEPTEMBER 18, 2023

The hiring will be for higher-graded revenue agents, which are specialized technical positions that generally focus on audits. This next wave of hiring will help the IRS add key talent like tax accountants to help reverse a decade-long decline of audits for the wealthy as well as complex partnerships and corporations.

audit 62

audit Account accountant accounted 62

Withum

SEPTEMBER 22, 2022

The IRS ruled that the PPP loan forgiveness amount is not tax-free, even if the SBA and lender granted the borrower full loan forgiveness, if the taxpayer did not satisfy the factual requirements for loan forgiveness. The rest of the analysis in the CCA is a relatively straightforward application of the tax law. Contact Us.

Tax 125

Tax payroll audit tax services 125

CPA Practice

OCTOBER 18, 2023

One crucial factor to consider when selecting your business location is the tax environment. Business taxes can significantly impact your bottom line and overall profitability. The importance of business taxes As an entrepreneur, you face countless decisions when starting a business.

business tax 59

business tax Tax Alaska South Dakota 59

CPA Practice

OCTOBER 17, 2023

Here’s what you need to know: If the individual works for an employer, the Social Security tax is withheld from the paycheck and gets reported by their employer through payroll taxes. It is important to note that if the individual is receiving a W-2, the individual and their employer each share the tax burden of 6.2%.

Tax 115

Tax Account accountant accounted 115

Going Concern

AUGUST 21, 2023

Someone who isn’t an auditor complains on Blockworks about using the word audit for things that aren’t audits and then explains in graphic detail the various audit-like things that one can engage in (that aren’t audits). I’ll leave this to my audit colleagues. Enjoy your angry employees!

audit 52

audit Account accountant accounted 52

Ronika Khanna CPA,CA

SEPTEMBER 22, 2023

This is especially true with respect to the more technical aspects of business such as accounting and tax. While you may not see yourself as a business owner, the tax authorities do and they, unfortunately, have the final say on this. Not doing so can result in audit and penalties which we all want to strenuously avoid.

Tax 98

Tax income tax tax return accounting and finance 98

CPA Practice

FEBRUARY 15, 2024

The employee retention credit program has become a huge headache—for small business owners, the IRS, and for tax professionals. The refundable tax credit, which was authorized by the $2.2 Last December, the tax agency announced that it had rejected more than 20,000 suspicious claims for the pandemic tax credit.

Government 64

Government Tax payroll audit 64

inDinero Tax Tips

JANUARY 3, 2023

The purpose of the employee retention tax credit (ERC) was to encourage employers to keep employees on the payroll due to the effects of the coronavirus outbreak. Even if your business qualified for the Paycheck Protection Program (PPP) first or second draw loans, your business may still qualify for the employee retention tax credit.

Tax 52

Tax payroll tax tax return payroll 52

CPA Practice

APRIL 28, 2023

Like salaried wages, tips are subject to income and payroll taxes. Waiters, for instance, are technically required to report tips to their employer, who then withholds and pays the proper taxes. The SITCA program will track tips automatically and doesn’t require a tax reporting commitment from employees.

Georgia 126

Georgia payroll tax payroll Tax 126

MyIRSRelief

APRIL 3, 2023

Tax Planning and Preparation: An accountant (EA or CPA) can help small business owners navigate the complex world of tax laws and regulations, ensuring compliance and minimizing tax liabilities. They can also help prepare tax returns, file necessary forms, and represent the business in the event of an audit.

Account 130

Account accountant accounted accounting and finance 130

Going Concern

SEPTEMBER 29, 2023

Big 4 ‘Shadow’ culture at consulting giant PwC led to tax-leaks scandal: Ziggy Switkowski [ News.com.au ] Consulting giant PwC has been savaged in an independent review that exposed the firm’s “shadow” culture contributing to its infamous tax leaks scandal. Still, the results give offshore bondholders something to chew on.

auditor 109

auditor audit New York CPA 109

ThomsonReuters

APRIL 12, 2022

Looking back at the last two years and the sprinter’s pace at which COVID-19 payroll tax credit relief was enacted, payroll accountants have earned a well-deserved pat on the back! But as the dust settles on those prior 2020–2021 Form 941 payroll tax returns, undoubtedly credits were missed, and mistakes were made.

payroll tax 98

payroll tax payroll tax return Tax 98

CPA Practice

JUNE 29, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss technology trends for audits. Now, Brian claims that he is a recovering auditor, I don’t think you ever get audit blood out of yourself at least listening to him, that’s for sure. So I want you to know here that the world of audit is changing rapidly.

Technology 52

Technology audit general ledger Start-ups 52

Withum

JANUARY 4, 2023

It is a refundable payroll tax credit that applies to certain wages paid to employees starting March 13, 2020. The regular, quarterly employment tax form is Form 941; the ERC is claimed on IRS Form 941-X, which is the form used to amend a previously filed Form 941. We Provide an Audit Guarantee! Likely False.

audit 136

audit payroll tax Tax Start-ups 136

inDinero Tax Tips

JANUARY 3, 2023

The purpose of the employee retention tax credit (ERC) was to encourage employers to keep employees on the payroll due to the effects of the coronavirus outbreak. Even if your business qualified for the Paycheck Protection Program (PPP) first or second draw loans, your business may still qualify for the employee retention tax credit.

Tax 40

Tax payroll tax tax return payroll 40

CPA Practice

APRIL 24, 2023

Like salaried wages, tips are subject to income and payroll taxes. Waiters, for instance, are technically required to report tips to their employer, who then withholds and pays the proper taxes. The SITCA program will track tips automatically and doesn’t require a tax reporting commitment from employees.

Georgia 98

Georgia payroll tax payroll Tax 98

CPA Practice

OCTOBER 16, 2023

Historical Documentation : Minutes create a historical record of the company’s decision-making process, which is valuable for future reference, audits, or legal proceedings. Nonprofit Organizations : Nonprofits are typically required to keep meeting minutes, especially if they want to maintain their tax-exempt status.

Legal 116

Legal payroll tax audit payroll 116

ThomsonReuters

OCTOBER 21, 2022

Director of Product Management at Ceridian, about her company’s global survey collaboration with national and global payroll associations that aims to chart what’s ahead for payroll professionals. . in partnership with the American Payroll Association (APA) and the Global Payroll Management Institute (GPMI).

payroll 52

payroll Tax Technology payroll tax 52

CPA Practice

OCTOBER 18, 2023

Historical Documentation : Minutes create a historical record of the company’s decision-making process, which is valuable for future reference, audits, or legal proceedings. Nonprofit Organizations : Nonprofits are typically required to keep meeting minutes, especially if they want to maintain their tax-exempt status.

Legal 105

Legal payroll tax audit payroll 105

Ronika Khanna CPA,CA

FEBRUARY 23, 2023

Probably the most popular question posed to accountants and tax preparers (especially around this time of year) is “what types of expenses are deductible?”. Digital download (ebook) Available at Amazon Tax Deductions: What types of expenses are deductible? There are specific rules with respect to tax deductions for clothing expenses.

Tax 52

Tax tax return business tax income tax 52

CPA Practice

NOVEMBER 16, 2023

Sage, a maker of accounting, financial, HR and payroll technology for small and mid-sized businesses, has added new product updates in Sage Intacct for increased automation, deeper insights, and even stronger compliance. PwC is now expanding their early adopter program to US customers. customers with the press of a button.

Technology 98

Technology Healthcare Hospitality accounting and finance 98

Going Concern

SEPTEMBER 1, 2023

The professional and business service sector added 19,000 jobs, including 2,700 in accounting, tax preparation, bookkeeping and payroll services. However, the divestment of its government consulting business, which was responsible for roughly 20% of revenue, is likely to see revenue drop this fiscal year. billion ($2.21

Account 109

Account accountant accounted audit 109

ThomsonReuters

OCTOBER 21, 2022

Director of Product Management at Ceridian, about her company’s global survey collaboration with national and global payroll associations that aims to chart what’s ahead for payroll professionals. . in partnership with the American Payroll Association (APA) and the Global Payroll Management Institute (GPMI).

payroll 40

payroll Tax Technology payroll tax 40

Cherry Bekaert

MAY 11, 2023

Focus On Liquidity To Reduce Risk Technology companies need to ensure they conserve enough cash for short-term needs and basics, such as making payroll. Utilize government programs available to obtain cash, such as the Employee Retention Credit or Research and Developments Tax Credits.

Technology 98

Technology Non-Profits payroll tax payroll 98

CPA Practice

NOVEMBER 9, 2023

The Department of Health and Human Services recently made an official recommendation to the Drug Enforcement Administration (DEA) to reschedule cannabis as a Schedule III drug, a move that may significantly impact the way that cannabusinesses manage their operations and taxes.

Non-Profits 85

Non-Profits Real Estate Agriculture Legal 85

ThomsonReuters

APRIL 18, 2023

That’s why it is no surprise that the AICPA’s most recent “Top Firm Issues Survey ” found that “keeping up with changes and complexity of tax laws” is among the top issues for firms large and small. Furthermore, professionals must adhere to new auditing standards SAS 134-140.

Account 52

Account accountant accounted Technology 52

SkagitCountyTaxServices

OCTOBER 19, 2022

Everybody keeps saying we’re slowly leaving the pandemic behind – and for Skagit County businesses, that means that pandemic tax relief is disappearing, too. BELIEVE ME when I tell you how the tax professional community has been viewing these companies – it isn’t kindly. You must pay taxes. Here’s what you should think about.

payroll 80

payroll Tax CPA tax return 80