Nancy McClelland, LLC

JANUARY 30, 2024

To say nothing of the fact that the next government shutdown deadline is scheduled for one week before business tax returns are due. Ths allows me to continue to provide free accounting resources to small businesses who do not have the funds available to hire a CPA. And we were freaking out about that delay.

Tax 52

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RogerRossmeisl

DECEMBER 12, 2020

This is true if you expect that the business will incur losses in its early years because shareholders in a C corporation generally get no tax benefit from such losses. The post The Importance of S Corporation Basis and Distribution Elections appeared first on Roger Rossmeisl, CPA.

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ThomsonReuters

AUGUST 2, 2022

With cloud-based technology, you and your staff have the ability to share data and documents directly and securely, automatically extract data from client source documents, or easily transfer account balances from integrated business tax preparation software. How do you attract and retain talent with tax technology?

Technology 98

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Nancy McClelland, LLC

APRIL 5, 2024

Photo by coco tafoya on Unsplash As my readers and colleagues know, I’m a huge proponent of leveraging technology to remove the drudgery from our jobs and those of our small business clients. Ths allows me to continue to provide free accounting resources to small businesses who do not have the funds available to hire a CPA.

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ThomsonReuters

JUNE 15, 2022

Now more than ever, your tax and accounting staff require a robust system or framework that leverages technology so that they can keep up with regulatory developments in a timely manner. Top CPA firms have long understood the need to elevate their staff from being tax preparers to tax advisors.

Tax 98

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Basis 365

APRIL 28, 2022

You really should review this periodically as laws and tax code do change. The Statistics Surrounding Business Types Your business type determines more than just what business tax return you will file. Legal fees and annual tax return requirements can add up. Sources Carbajo, Marco.

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Ryan Lazanis

APRIL 4, 2022

This will ensure that you only admit the right small businesses into your accounting firm. 4) If you provide tax preparation services, they’re a great way to avoid a crazy tax season. If you’re just starting your own cpa firm, you may not have any, but add some later when you do get them. Processing payroll.

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Going Concern

DECEMBER 2, 2022

Why People Leave Public Accounting [ CPA Journal ]. Writes Edward Mendlowitz, CPA/PFS, ABV: There are many reasons why CPAs decide to leave public accounting firms. McCabe — happened after their tax returns were randomly selected for inclusion in the initial pools from which the agency drew to carry out the examinations.

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