ThomsonReuters

NOVEMBER 15, 2023

Rules for cash donation tax deductions Filling out Schedule A for Form 1040 Helping clients with tax deductible donations on their tax return As the season for giving approaches, many individuals and businesses consider making monetary donations to charitable organizations. Jump to: Which donations are tax deductible?

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LyfeAccounting

JULY 3, 2021

How to start a nonprofit organization in 2021 – otherwise known as a 501(c)(3) organization. So, a nonprofit organization is a business entity in which your goal is not to be profitable… …but to make money to expand on a social clause like feeding the homeless or helping victims of harsh circumstances. Keep reading!

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Tax Georgia Start-ups Legal 52

ThomsonReuters

JANUARY 18, 2024

Recording expenses and preparing financial reports. Ensuring the accuracy of bookkeeping and that the bookkeeping is compliant with state and federal laws. For instance, accountants may specialize in serving nonprofits, manufacturers, restaurants , or dental offices. Accountant vs. CPA vs. tax preparer: What are the differences?

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Account accountant accounted tax preparation 59

LyfeAccounting

FEBRUARY 14, 2021

These requirements vary based on the state, but you basically have to work in the accounting profession for a period of time to obtain your certification. In Fortune 500 corporations, CPAs might help prepare annual reports for shareholders and record very complex financial transactions. Today we’re talking about three letters: C-P-A.

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CPA cpas tax preparation bookkeeping 52

ThomsonReuters

NOVEMBER 15, 2023

Political campaign contributions are considered as non-deductible personal expenses, regardless of whether they are made to local, state, or federal campaigns. However, certain rules and limitations apply to these deductions, which donors should be aware of to ensure compliance with the IRS regulations. Substantiation of donations.

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tax return Tax tax planning Education 98

ThomsonReuters

FEBRUARY 29, 2024

Of course, the fundamental principles of objectivity, integrity, due care, and independence have long been instilled into the profession, but having a formal set of principles, rules, and interpretations in place helps drive uniformity and success. Today, all members of the AICPA are bound by the current AICPA Code of Professional Conduct.

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Account accountant accounted cpas 52

ThomsonReuters

FEBRUARY 10, 2021

Amendments to CARES Act Economic Impact Payment Rules. Taxpayers married and filing jointly with a spouse without a Social Security number were not entitled to an EIP under the original CARES Act rules. The CAA makes two changes to the EIP rules: The $150,000 AGI limit also applies to returns of surviving spouses.

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Tax tax return payroll Education 98