CTP

NOVEMBER 16, 2023

Each type of business entity comes with its pros and cons. However, a major benefit of setting a business up as a partnership is the option to leverage special tax allocations. Below is a summary of key things to know about special allocations, so you can begin to educate your clients on the potential benefits.

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xendoo

AUGUST 24, 2021

Businesses are created because business owners have a passion that needs to be pursued. Yet, every business owner faces the unique challenge of figuring out how to pay themselves. How much do you pay yourself? Unless you have a side hustle as a financial advisor, it can be difficult to know where to start.

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CTP

JANUARY 22, 2024

To help guide you, the Office of Professional Responsibility (OPR) publishes a document called Circular 230 that covers “Regulations Governing Practice before the Internal Revenue Service.” Based on your credentials and experience, are you equipped to handle the tax work that will be involved? tax court, or similar representation work.

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ThomsonReuters

MARCH 5, 2024

tax system, including provisions affecting both individuals and businesses. tax system, including provisions affecting both individuals and businesses. As these provisions approach their expiration date, it’s important for businesses to prepare accordingly. 115-97 ) of 2017 brought about significant changes to the U.S.

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Nancy McClelland, LLC

DECEMBER 26, 2023

The most important point is that only businesses need to issue 1099s — if you paid someone for personal purposes, you are not (yet) required to send them or the IRS a Form 1099. – The IRS launched IRIS, a new free online portal , for businesses to file 1099 returns. NEC” stands for “non-employee compensation”.

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bookkeeping tax return Non-Profits Tax 52

Nancy McClelland, LLC

DECEMBER 26, 2023

The most important point is that only businesses need to issue 1099s — if you paid someone for personal purposes, you are not (yet) required to send them or the IRS a Form 1099. – The IRS launched IRIS, a new free online portal , for businesses to file 1099 returns. NEC” stands for “non-employee compensation”.

bookkeeping 52

bookkeeping tax return Non-Profits Tax 52

Reckon

MARCH 26, 2023

If you’re looking to grow your business and attract new clients, you need to sharpen your digital marketing sword. So, if you want to float not flounder, let’s jump into the primary modes of digital marketing and some strategies you can deploy to squeeze as much juice out of it as you can. Know what your goals are.

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ThomsonReuters

NOVEMBER 25, 2020

There have been regulation changes around bankruptcy, and as small to medium size businesses face shutdowns and various other factors, indebtedness is a real issue that several businesses are facing. Together we explore the key issues accountants in relationships with struggling businesses must face as the COVID-19 pandemic continues.

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ThomsonReuters

JULY 6, 2023

Are you an accountant looking to break into the exciting world of mergers and acquisitions (M&A) advisory services? M&A advisory services are a professional service designed to help corporations, private equity firms, and other entities execute mergers and acquisitions.

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Shay CPA

FEBRUARY 14, 2024

Or you might be feeling stressed because you don’t know what to expect. By giving you a heads-up in some key areas, we can make filing your tech company’s 2024 taxes a whole lot easier — and less stressful. He teed up a few tips to help you avoid unwelcome surprises as you navigate your 2024 tech company tax filings.

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Shay CPA

FEBRUARY 15, 2023

Don’t forget to look behind you, though. Even as you vision-cast for the year ahead, you need to wrap up the year behind you. Yes, you technically have until April 18. Yes, you technically have until April 18. But getting a jump on things now can save you a lot of hassle.

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ThomsonReuters

APRIL 6, 2023

Whether you’re an accounting student, a recent college grad, or a small business owner, you may have questions about what accounts payable is, how it works, and best practices. As an important indicator of the health of a business, accounts payable is a gauge of cash flow. Is accounts payable a revenue?

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LyfeAccounting

FEBRUARY 19, 2021

?. One of the most popular types of business entities in the United States is a single-member limited liability company. This type of LLC has only one owner. A single-member LLC is usually a business registered in the state where the company does business. What is an LLC? limited partnerships.

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5 Minute Bookkeeping

APRIL 22, 2021

It will help you stay on track, make sure nothing is missed, and give you confidence in the end result. Watch the video below or keep reading to see what a cleanup checklist can do for you. First things first, what is a cleanup? First things first, what is a cleanup? What is a QuickBooks Online cleanup?

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LyfeAccounting

SEPTEMBER 15, 2020

As your business grows, you’re eventually going to be faced with a hard decision. This time it is about you. . You need to decide how you’re going to get paid, how, and when. But you’re probably wondering, what is the best salary for small business owners? How do you decide how much to pay yourself?

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ThomsonReuters

APRIL 18, 2023

What are the GAAP standards? The Financial Accounting Standards Board (FASB) is recognized by SEC as the accounting standard setter for public entities. The Financial Accounting Standards Board (FASB) is recognized by SEC as the accounting standard setter for public entities. What is the main purpose of GAAP?

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LyfeAccounting

MARCH 10, 2021

In this post, we want to provide you with some more clarity on CPA services. Now, CPAs can provide a number of services to small businesses. So then… what are CPA services? And what makes them so complicated? What are CPA Services? What is a CPA? Today, we’re going to break this all the way down.

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LyfeAccounting

JULY 20, 2021

Great, you have an LLC and now you have all that is required to get to work and operate your business! You see, everyone talks about getting an LLC but not many people talk about what to do after you start an LLC. And this is kind of scary if you don’t know what to do. Let’s jump right into it!

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ThomsonReuters

OCTOBER 1, 2021

As the effects of the pandemic continue to reverberate through the economy, resource-constrained corporate tax departments are unceasingly adapting to change — including new regulatory requirements, new ways of working, extended tax deadlines, Covid tax relief provisions and, now, the demands of a busy tax-filing season. Technology.

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ThomsonReuters

MAY 12, 2022

What triggers a sales tax audit and how do you reduce the risk of an audit? What is a sales tax audit? A sales tax audit determines whether a business has collected and paid the correct amount of sales tax owed to the state for taxable transactions. How do you prepare for a sales tax audit?

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audit Sales Tax auditor 105

ThomsonReuters

DECEMBER 15, 2020

designed for the type of data and the level of data you’re going to need to do your operational transfer pricing,” she said. _. “Someone needs to figure out the best way to harmonize the data and then apply the transfer pricing policies. ” “If you use Excel, you’re not alone,” she said.

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ThomsonReuters

NOVEMBER 25, 2020

There have been regulation changes around bankruptcy, and as small to medium size businesses face shutdowns and various other factors, indebtedness is a real issue that several businesses are facing. Together we explore the key issues accountants in relationships with struggling businesses must face as the COVID-19 pandemic continues.

Account 52

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LyfeAccounting

JANUARY 7, 2021

That’s a lot of money going into the hands of businesses that are set-up to get government contracts. That’s a lot of money going into the hands of businesses that are set-up to get government contracts. In this post, I’m going to teach you how to make the government a customer of your business by getting government contracts.

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Ronika Khanna CPA,CA

DECEMBER 7, 2023

Also, if you have a request for a tutorial, please leave a comment on any of the videos or email me. A Google search for “ small business accounting software ” yields over 250 million results. With so many choices out there, it can be difficult to know what to do. If you use these links we may earn a commission.

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Ryan Lazanis

SEPTEMBER 1, 2023

If you want to see the best cloud accounting software apps all in one place, then you’ll LOVE this ultimate list. In it, I’ll be sharing 147 of the best cloud accounting software apps on the market. Each item in the list will contain a brief description and will focus on how you can level up your accounting automation.

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accounting software quickbooks Account accountant 98

LyfeAccounting

OCTOBER 16, 2020

Starting a business isn’t very easy. I mean a lot of people think, and a lot might say, “Whoa, I don’t want to get into debt especially with 8 out of 10 new businesses failing. Well, here’s the thing, how to start a business in 2020, is easier than it’s ever been before. 10 Steps on How to Start a Business.

accounting and finance 52

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LyfeAccounting

JUNE 30, 2021

Do you need a loan to get your business up and running? About 43% of small businesses applied for business loans last year. So in today’s post, we will break down the steps necessary to increase your chances of getting approved for business loans… …and start that business you’ve been dreaming about.

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LyfeAccounting

JULY 8, 2021

How to start a business without money? Let us start out by being completely real with you. Building a new business is hard and building a business without money is even harder. In fact, when we started our first business, the only money one of our founders had was a $250 deposit into a business checking account.

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LyfeAccounting

MARCH 25, 2021

“What should my business entity be? ” Well, the truth is, sometimes you need an LLC, and guys, sometimes you don’t. We got 6 disadvantages of LLC and reasons why you don’t need an LLC. We got 6 disadvantages of LLC and reasons why you don’t need an LLC. I heard that I should have an LLC.”

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LyfeAccounting

JULY 19, 2021

Now whether you are an aspiring real estate investor or a current real estate investor, you may want an LLC for various different reasons like having a tenant that’s a little “sketchy?”. So in this post, we’re going to give you everything you need to know on how to buy rental properties with an LLC.

Real Estate 52

Real Estate accounting and finance Legal Nevada 52

Going Concern

MAY 3, 2024

While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. If you have something to say about any stories linked here you are welcome to contact the editor or hit us up on Twitter @going_concern.

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Ryan Lazanis

APRIL 4, 2022

Do you want to know how to start a bookkeeping business or accounting firm in 2022? In fact, these are the very steps that I followed to help take my heavily bookkeeping-focused accounting business from scratch to sale in only 5 years. In this guide, you’ll learn: How to set up a strategic business plan.

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ThomsonReuters

JUNE 15, 2023

You work to improve your tax and accounting firm — increase profitability, expand into new areas, and find a better work-life balance. But you and your staff are already working hard and putting in long hours, and the demands on your team are becoming increasingly complex. So you need software that does it for you.

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Withum

FEBRUARY 1, 2024

However, there are some things you could do now that would simplify your tax return for 2024 and later years and also reduce the fees you pay a professional preparer. Publicly Traded Partnerships Consider not investing in publicly traded partnerships (“PTP”) unless you invest amounts meaningful to your total financial assets.

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Xero

SEPTEMBER 8, 2022

Add in the potential challenges that businesses might have incorporating these offerings in the future, it’s no surprise that there are more questions than answers among our community. Enhanced security and more automation of processes along the value chain are just some of the benefits that blockchain technology can bring to modern business.

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ThomsonReuters

APRIL 6, 2023

Accounts payable (AP) is an important signal in understanding the financial health of a business. By optimizing your accounts payable workflow, you can gain insight into cash flow, make better business decisions, and ensure strong relationships with vendors and suppliers.

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LyfeAccounting

MARCH 5, 2021

?. Which business entity is going to save you the most money on your taxes? Sole proprietor vs LLC vs S-Corp vs. C-Corp – which one should you choose? Now, your tax expense can greatly vary based on the entity you select here. Today, we are going to help you select the best entity for your business.

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