Accounting Today

JANUARY 11, 2024

congressional negotiators are nearing a bipartisan deal to renew expired business tax breaks and boost the child tax credit in time for many voters to receive the benefit during the current election year.

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Tax business tax 96

RogerRossmeisl

SEPTEMBER 17, 2021

To commemorate the week, here are three tax breaks to consider. The post Tax Breaks to Consider During National Small Business Week appeared first on Roger Rossmeisl, CPA. The week of September 13-17 has been declared National Small Business Week by the Small Business Administration. For example, if you think that.

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Accounting Today

JANUARY 19, 2024

Congress moved one step closer to enacting $78 billion in business and child tax breaks Friday, although election-year politics add risk to the legislation's prospects.

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Tax Finance 119

RogerRossmeisl

NOVEMBER 13, 2022

Bring Home a Tax Break Too appeared first on Roger Rossmeisl, CPA. Parents can claim both a credit and an exclusion for expenses of adopting a child. But they can’t claim both a credit and an exclusion for. The post Adopting a Child?

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Accounting Today

JANUARY 31, 2024

The House passed tax extenders legislation reviving a number of tax breaks, including the enhanced Child Tax Credit, the ability to fully deduct research and development expenses in the first year, 100% bonus depreciation, disaster tax relief, and more.

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Tax 126

Accounting Today

APRIL 26, 2024

The bank successfully fought off a London court claim brought by investors over tax breaks linked to financing for 'Pirates of the Caribbean 2.'

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CPA Practice

JANUARY 31, 2024

Putting your logo on the clothing you wear can be a good way to get your name out there—and get a tax break in the process. If you have a vehicle that fits that description and you’re using it for your business, it’s worth talking to your tax professional about using this important tax break. Be bold with your brand.

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Accounting Today

JULY 12, 2023

prosecutors and IRS agents are looking to build cases against individuals suspected of illegally taking advantage of breaks that lured crypto traders and fund managers.

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RogerRossmeisl

JUNE 5, 2022

You could also be eligible for tax breaks. You May Be Eligible for Tax Breaks appeared first on Roger Rossmeisl, CPA. Taking care of an elderly parent or grandparent may provide more than just personal satisfaction. Here’s a rundown of some of them. Medical expenses. However, bear in mind that. The post Caring for an Elderly Relative?

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CPA Practice

NOVEMBER 1, 2023

Here are five of the main tax breaks on the books. It costs a pretty penny to raise a child from infancy through their college years. At least, families may be eligible for certain tax benefits along the way.

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Withum

MARCH 2, 2024

Let’s Chat The post Breaking News: Federal Court Ruled Corporate Transparency Act Unconstitutional – Beneficial Ownership Information Reporting on Hold appeared first on Withum. Stay tuned for further developments as they arise.

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CTP

DECEMBER 28, 2023

To learn how to set up an IC-DISC, read part 2 of this article, “ Tax Breaks for Businesses: Setting Up an IC-DISC.” ” The post Tax Breaks for Businesses: Discovering the Benefits of the IC-DISC appeared first on Certified Tax Coach.

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Going Concern

JULY 28, 2022

From a recent CNBC article on company-wide vacation breaks to foster employee well-being : Feeling revitalized is what many employees and their employers both want. employees two annual company-wide, week-long breaks — one in July and one in December — in addition to vacation time. Do all firms need to implement annual breaks?

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Airbase

MARCH 2, 2023

Of course, the opportunity was created by her male boss, who joked he would likely receive the work of a three-quarter-time employee while only paying for half-time, but it was a break that allowed her to stay in the workforce. “I Happy Women’s History Month and International Women’s Day to all the hard-working women in finance!

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RogerRossmeisl

SEPTEMBER 26, 2022

The post Don’t Let Fraud Break the Bonds of Your Family Business appeared first on Roger Rossmeisl, CPA. One of the biggest obstacles to fraud prevention is simply not being able to acknowledge that someone in the family would be capable of initiating or overlooking unethical or illegal activities.

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CPA 130

CPA Practice

AUGUST 14, 2023

Fortunately, the tax law provides several tax breaks for new parents, some of which were highlighted in a recent IRS post (IRS Tax Tip 2023-89, 7/10/23). Reminder : These are only four tax breaks that may be available to parents of new-borns and young children. You just welcomed a new bundle of joy into the world.

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Bharmal&Associates

JANUARY 13, 2021

The stimulus bill contains a hodgepodge of eight new or extended tax breaks intended to help Form 1040 taxpayers. None of these tax breaks are earthshaking by themselves, but together they add up to a nice tax present for COVID-19-weary Americans. Here are eight new tax breaks that can help you. Premier Orange County CPAs.

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Accounting Today

JANUARY 10, 2024

Governor Kathy Hochul called for a new tax break to promote affordable housing and increase support for fighting crime in New York City.

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New York Tax 68

RogerRossmeisl

APRIL 17, 2021

The post ARPA Tax Break May Make Child Care Less Expensive appeared first on Roger Rossmeisl, CPA. In addition, they must be for the care of your child, stepchild, foster child, brother, sister or step-sibling (or a descendant of any of these), who’s under 13, lives in.

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CPA Practice

JANUARY 16, 2024

A Muslim and African American employee, he alleges that he faced racial and religious discrimination at work, and that he was “was forced to pray in a janitorial closet” during his five-minute prayer breaks twice per shift.

Pennsylvania 105

Pennsylvania Legal Education Start-ups 105

RogerRossmeisl

NOVEMBER 18, 2021

The post Showing Appreciation and Gain Tax Breaks with Holiday Business Gifts and Parties appeared first on Roger Rossmeisl, CPA. For purposes of the $25 limit, you don’t need to include “incidental” costs that don’t substantially add to the gift’s value. These costs include engraving, gift wrapping, packaging and shipping. Also excluded.

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Tax CPA business tax 195

RogerRossmeisl

DECEMBER 28, 2020

The post Tax Breaks When Buying a Heavy SUV for Business appeared first on Roger Rossmeisl, CPA. For example, for most cars that are subject to the caps and that are first placed in service in calendar year 2020 (including smaller trucks or vans built.

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TaxConnex

JANUARY 25, 2022

TaxConnex is excited to announce a record-breaking 2021 and reports annual organic revenue growth of 19% in 2021, proving that as sales tax becomes more complicated, businesses are continuing to look for a trusted provider to manage the burden for them. in sales tax for our clients from 2021 returns.

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South Dakota Tax Sales 188

TaxConnex

DECEMBER 13, 2022

How big were online sales on Monday, Nov. Defying expectations of an off year, Cyber Monday broke online sales records, with U.S. consumers spending about $11.3 billion, up 5.8% year-over-year, to score the biggest online shopping day of all time. Inflation played little part in the numbers, analysts said. In the peak hour between 8 and 9 p.m.

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Pennsylvania Sports Sales Tax 130

ThomsonReuters

DECEMBER 19, 2023

Jump to: What environmental tax breaks are available? What environmental tax breaks are available?  From renewable energy tax incentives to energy efficient tax credits to tax breaks on electric vehicles , let’s take a look at the various IRS forms that are needed to claim environmental tax incentives. What is Form 5695?

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Accounting Today

MARCH 20, 2024

A pair of lawmakers proposed a bill to end the abuse of grantor-retained annuity trusts to avoid taxes.

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Tax 113

Going Concern

SEPTEMBER 7, 2023

Going Concern is all about helping people (the word our staff psychologist used was “enabling,” but close enough,) so we’ve made the first part easy for you by drafting a “Dear John” style letter you can use to break up with those nasty unscalable habits. Break Up With These Unscalable Practices Now appeared first on Going Concern.

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Accounting Today

APRIL 22, 2024

Experts say that busy entrepreneurs often miss incentives and advantages available to them. Financial advisors and tax professionals can give them a nudge.

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Tax 114

Patriot Software

MAY 6, 2024

As a small business owner, you need to conduct regular audits to ensure your records are accurate. Although many business owners dislike the idea of auditing, audits can be beneficial to your company. Learn more about the different types of audit below.

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CTP

DECEMBER 28, 2023

To learn more about the benefits of an IC-DISC, read part 1 of this article, “ Tax Breaks for Businesses: Discovering the Benefits of the IC-DISC.” ” The post Tax Breaks for Businesses: Setting Up an IC-DISC appeared first on Certified Tax Coach.

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Tax income tax Start-ups tax return 52

CPA Practice

JULY 6, 2023

There’s no tax break for hosting your cousin’s child from overseas. The student must live in your home under a written agreement between you and a “qualified organization” as part of the organization’s program to provide the student with educational opportunities. The student can’t be your dependent or relative.

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Tax income tax Education Entertainment 97

Going Concern

JULY 28, 2022

Is It Time To Break Up With Your Big 4 Firm? The post Is It Time To Break Up With Your Big 4 Firm? Some of you are familiar with the ubiquitous Cosmopolitan Magazine quiz and for those of you who aren’t, well, sorry you’ve never quantified your sex life using a five question quiz developed by some sassy intern.

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PYMNTS

SEPTEMBER 14, 2020

Deloitte will be the first of the “Big Four” auditors to break up its business after selecting a new auditing board to undertake the task, according to a report from The Telegraph.

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auditor audit Government Account 145

Going Concern

AUGUST 23, 2023

Last year, 950 PwC UK equity partners were treated to record-breaking £1 million pound ($1.2 The post PwC UK Partners Will Not Be Celebrating Record-Breaking Million Dollar Payouts This Year appeared first on Going Concern. million) payouts, effortlessly beating the 2020 high of £868,000 and quite a leap from £765,000 in 2019.

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