MyIRSRelief

JANUARY 6, 2020

Most Americans think that people who cheat on their taxes are morally reprehensible and not good citizens, but they try to reduce their own tax bills legally. Today, federal, state and local taxes add up to nearly 25% of the US Gross National Product, so they’re pretty adamant that you pay up. Maybe you’ve heard the term Audit.

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MyIRSRelief

JANUARY 16, 2023

They can help ensure that you are taking advantage of all the tax credits and deductions available to you, and can also help you avoid any costly mistakes that could result in an audit or fines. Call Mike Habib, EA today at 562-204-6700 for tax & accounting service.

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Pooley Accounting Services

AUGUST 5, 2021

You’ll need these documents to prove your income and expenses to the IRS in the event of an audit, so be sure to keep them on file for at least 3 years from the time of filing, which is how long the IRS has to audit you. In the event of a fraudulent tax return, the IRS has no statute of limitations. Real Estate.

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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?

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Going Concern

AUGUST 25, 2023

The CONNECT event, held every five years since 2003, allows GCAS employees to stay current with the trends and best practices of the accounting and auditing industry, with intentional application to the needs of the Seventh-day Adventist Church. The event also allows networking and team-building opportunities for GCAS professionals. .

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ThomsonReuters

MARCH 1, 2024

Itemize business deductions Like most businesses, S corps can reduce their tax burden by deducting expenses related to operation of the business. Each child can make up to $12,000 without paying federal income taxes, and those salary amounts ($24,000 for two children, say) are subtracted from the business’s total income, saving on taxes.

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PYMNTS

JULY 6, 2020

Parma was the target of a recent audit by state Auditor Nicole Galloway, who found evidence of payroll fraud and/or “improper payments to the mayor, city clerk, and to city officials and others who were related to the major or city clerk.”

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Withum

MARCH 3, 2023

The remaining five states do not impose a sales tax. To get started, you will need the following: Where the company currently files income tax, payroll tax, unclaimed property, and sales tax. Where your company has real or tangible personal property. What do I need to get started with Withum’s nexus tool?

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Accounting Seed

JULY 21, 2022

You’ll be able to track all the financial data that forms the lifeblood of a startup, including revenue, expenses, payroll, and general ledger. For instance, if you buy property such as real estate, cars, or computer equipment, you’ll keep the relevant records as long as you own the asset. Manage Payroll.

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Going Concern

JANUARY 19, 2023

Mentioned in: Friday Footnotes: Why People Leave Public Accounting; Audit Workloads Up; Terrorist Clients (Literally) | 12.2.22 million in fraudulent tax refunds and attempted to obtain at least $27 million more. Eventually, Umoren succeeded in inducing a victim to purchase the company for approximately $3.8 million in restitution.

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ThomsonReuters

FEBRUARY 8, 2024

Now, if an LLC has employees in addition to its members, or owners, the LLC must collect and pay payroll taxes, which include unemployment, Medicare, and Social Security taxes — also known as FICA taxes (i.e., Federal Insurance Contributions Act), or “self-employment” tax. The post How are LLCs taxed?

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