ThomsonReuters

OCTOBER 12, 2023

Paying taxes on money earned abroad Avoiding double taxation Helping clients who live abroad with their taxes U.S. For accountants, providing comprehensive and personalized tax advice to U.S. If you are a U.S. If you are eligible, you can use various provisions to reduce or eliminate U.S. Jump to: Do U.S.

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ThomsonReuters

SEPTEMBER 7, 2023

How much is the child tax credit? Which tax software can accountants use for calculating the child tax credit? federal government to help families with the cost of raising children. For accountants, understanding the intricacies of the child tax credit can have a meaningful impact on the families you serve.

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ThomsonReuters

NOVEMBER 15, 2023

Charitable contributions from IRAs How much of a donation is tax deductible? In addition to helping our communities, these donations can also lead to significant tax benefits. The IRS maintains a list of eligible organizations , so it’s crucial to ensure your chosen recipient is eligible to receive tax-deductible donations.

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ThomsonReuters

SEPTEMBER 7, 2023

To help offset these expenses, the IRS offers the child and dependent care tax credit. From an accountant’s perspective, you likely have heard these questions: How do dependents affect taxes? How do I go about claiming children on taxes? What is the child and dependent care tax credit?

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ThomsonReuters

FEBRUARY 8, 2022

When you seek to win new tax clients, it’s best to start at the beginning. Do you know what your clients and prospects want, especially in terms of communication? You have so many options for interacting with prospects, from traditional face-to-face meetings and letters to email , instant messaging and social media.

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Withum

JUNE 13, 2023

I will also suggest things you could adopt to maintain, better, and/or grow your wealth and health. Benjamin Franklin was probably the best-known American during his lifetime and received worldwide honors. He also helped create the United States of America. It is free, but you will need to register.

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Snyder

MAY 27, 2022

When starting a business, all the paperwork and accounting may seem daunting. You have to analyze every step and decision you’ve made to plan where you want to be in the future and what you need to do right now. No matter how large or small your business is, managerial accounting will help you gain profit.

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Nancy McClelland, LLC

JANUARY 18, 2024

It seems that for 2023, Gusto has slightly changed the details for how they handle distribution of 1099 and W-2 forms — and so that no one ends up without a copy of their important documents, I am sharing the step-by-step process that we went through for our own firm, in hopes that it helps you manage it in your own small business.

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Snyder

JULY 13, 2022

If you’re wondering how to sell on Etsy, what your Etsy store cost will be, and whether Etsy is worth your time, we have good news for you – you don’t have to learn the hard way. How to sell on Etsy: Onboarding. How you’ll get paid. How to sell on Etsy: Onboarding. Contents: 1. Name your shop.

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Inform Accounting

APRIL 19, 2023

It’s estimated 10,000 more families could end up paying IHT, while the Treasury could receive nearly £8 billion a year over the next few years. How can you reduce your inheritance tax bill? When you die, your estate is valued, and this value is subject to inheritance tax (IHT). At six to seven years it falls to 8%.

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Snyder

NOVEMBER 24, 2022

If you’re interested in e-commerce, you should know that selling products or services cannot exist without making content. Creating content helps your audience to consume what you offer the right way and attract new buyers. Recognize your target audience by age, gender, occupation, interests, hobbies, and preferences.

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ThomsonReuters

MARCH 22, 2023

But with all the complexities of modern-day audits, it can be difficult to ensure that you are making the most of your time and resources. That’s why it’s important to recognize common audit traps — it not only helps your team tackle these new challenges, but it also sets them up for success.

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5 Minute Bookkeeping

OCTOBER 28, 2021

Many businesses are switching to virtual offices, which opens up new challenges and exciting opportunities for accountants and bookkeepers. There are a few essentials you will need to know if you are ready to successfully make the switch to working virtually. How do you communicate, share documents, and collaborate on the books?

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Going Concern

MAY 19, 2023

Of all the occupations most at risk of being replaced by synths AI in the near future — bookkeepers, programmers, and washed-up accounting blog writers, to name a few — no one really talks about how ChatGPT, Bard, and Microsoft’s Bing AI (if you’re counting that one) will impact scammers.

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Snyder

APRIL 25, 2022

When you have a successful business , it’s important to be able to track and manage your physical goods, and inventory management will help you with that. Whether you’re just starting out or have been in the game for a while, good inventory management for small businesses will maximize your profits and minimize expenses.

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LyfeAccounting

JUNE 29, 2021

How to opt-out of monthly child tax credit payments? So if you are someone who does not want an advanced payment on your child tax credits… …maybe because you are worried about your tax liability, or maybe you just like the idea of a big tax refund when you file your taxes, t hen you can opt out.

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LyfeAccounting

JANUARY 14, 2021

?. If you are self-employed, congratulations, you now have to make tax payments every quarter of the year or Uncle Sam will pay you a visit to drop off interest and penalties. I myself have to pay quarterly tax payments and here at LYFE Accounting, we help business owners pay theirs. You were a U.S.

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LyfeAccounting

OCTOBER 14, 2020

And by the end of this post, you’ll understand the importance of bookkeeping and how to properly complete your bookkeeping in just a few simple steps. Whether you are a new business owner or a serial entrepreneur, the 6 step process I’m going to share with you will be easy to follow and hard to get wrong. Of course, you have!

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Snyder

FEBRUARY 12, 2023

To do that, employers need to be aware of the process and their responsibilities from understanding how payroll taxes are calculated to filing the appropriate paperwork. The calculation of payroll taxes can be complicated and time-consuming, so it’s important to have a good understanding of how to get your payroll taxes right.

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PYMNTS

OCTOBER 11, 2018

These workers benefit from flexibility in their gigs and can supplant their income through their side hustles, but how do they get paid? In fact, PayPal President and Chief Executive Dan Schulman announced in September that the number of active accounts on the company’s platform recently surpassed the 250 million mark.

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PYMNTS

DECEMBER 24, 2019

Voice is the killer app of the connected commerce experience, according to the How We Will Pay: 2019 Edition study. 26, the eCommerce operator — via its Alexa Skills Kit Blog — announced the debut of “two new Alexa capabilities that will help create a more natural and intuitive voice experience for your customers.”.

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ThomsonReuters

APRIL 25, 2024

As an accountant, your clients look to you for retirement advice, including tax considerations for IRA plans, the tax benefits of different IRA types, taxes on IRA contributions and withdrawals, and inheritance-related topics. Jump to: • Tax on IRA plans • Do you pay taxes on a Roth IRA? • When do you pay taxes on IRA withdrawals?

Tax 52

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SingleTrackAccounting

NOVEMBER 15, 2019

In our last blog post, 5 Marketing Strategies to Kick Start Growth , we touched on customer personas. If you provide a service, you may take into account the characteristics of the type of person you are working with. The key component is that this ideal customer is someone you want to work with and/or sell to.

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Menzies

MARCH 6, 2023

Menzies LLP - A leading chartered accountancy firm. Blog Self employment income support scheme (SEISS) Updated 12/07/2021 – see whether you may qualify read more Gifting assets – is now the right time? Deciding when to leave assets to the next generation is never an easy decision, both commercially and financially.

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ThomsonReuters

JANUARY 16, 2024

But have you considered how your firm’s technology supports remote client collaboration ? Their attentiveness dictates how soon you receive signed engagement letters, tax documents, and invoice payments. Help your taxpayers help you. How can you improve their experience?

Tax 52

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Xero

MAY 17, 2022

Along with the new calendar, there are often regulatory changes for you to manage or implement. Starting from 1 July 2022, there are a number of government requirements that will impact how you manage payroll (including superannuation) for employees. So, what do you need to know to ensure compliance?

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ThomsonReuters

JANUARY 16, 2024

How is the EITC changing? The Act also includes several smaller non-retirement tax provisions, including changes to ABLE accounts under Code Sec. The Act also includes several smaller non-retirement tax provisions, including changes to ABLE accounts under Code Sec. Act (the “Act”) was passed on December 29, 2022.

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Snyder

DECEMBER 28, 2022

It means that now you can use an Instagram page for sale and get access to a great number of potential clients. It means that now you can use an Instagram page for sale and get access to a great number of potential clients. Learn how to easily grow your small business on Instagram and make it profitable.

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Xero

SEPTEMBER 1, 2022

It now surfaces results based on what the search ‘contains’ rather than what it ‘starts with’, so you can find the document pack you need without remembering the exact name. You can also sort by the date it was created or sent, and bookmark the unique URL of each search for easy access later on. New features.

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LyfeAccounting

MAY 24, 2021

Well, as a part of the American Resume plan that was signed into law back in March… …households will get an enhanced child tax credit up to $3,600 for children younger than age 6 and $3,000 for those between the ages of 6 and 17. You can think of this more as an advance on your 2021 tax return.

Tax 52

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Xero

JUNE 13, 2022

With lockdowns in place, days stretched for an age. How did that happen? . It may feel far away, but it’ll be here before you know it. . Here’s a quick breakdown of everything you and your clients need to know about the changes to quarterly updates. . How do you send quarterly updates? 6 April to 5 July.

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Xero

FEBRUARY 28, 2023

Add and edit notes to a contact You can now add and edit notes to a contact. Chart of Accounts template available globally The Xero HQ CoA template is now available for advisors globally. This template can be copied and edited to suit your practice needs, or you can import new ones.

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ThomsonReuters

MAY 12, 2022

I understand that buyers typically ask for a determination letter to help assure that a plan is qualified, so I’m thinking we should get one. There are two basic types of pre-approved plans—standardized and nonstandardized—and that distinction will affect whether and how a determination letter can be requested.

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LyfeAccounting

MAY 24, 2021

The IRA tax break can put $6,000 into your retirement account, and lower your taxable income by $6,000. So keep reading to find out how all of this works, how to avoid the mistake many people make, and ultimately knock off $6,000 from your taxable income. So let’s say you make $50,000, and after-tax your net income is $40,000.

Tax 52

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LyfeAccounting

FEBRUARY 24, 2021

?. How much money will you be paying in taxes this year? To help you do just that, we’ll be going over the 12 most overlooked tax breaks you can take today. The more tax deductions and credits you get, the more money you get to keep. 12 Best Tax Breaks To Help You Save Money.

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PYMNTS

JULY 1, 2016

In their new white paper, titled “The Importance of Permission Marketing in the Digital Age,” TSYS’ Strategic Marketing Director Morgan Beard and Andy Kulina, Managing Director of Cambridge Loyalty, take an in-depth look at what it really takes to not only reach consumers today but bring value to their tech-centered lives.

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ThomsonReuters

JUNE 2, 2023

When Tiliakos took the stage in Denver on the final day of the 2023 Payroll Org Congress, he explained how far payroll has come by going all the way back to 3000 B.C. ” “And now I think what we are living in is the age of digitalization and I call it the ‘Golden Age of Payroll,'” Tiliakos said. .”

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