Withum

MARCH 7, 2024

The statute of limitations for 2021 income tax returns will not expire until next year. Yes, the Chairs of the Senate Finance and House Ways and Means Committees in Congress released a bipartisan bill on January 16, 2024 (The Tax Relief for American Families and Workers Act of 2024) that would modify the ERC in significant ways.

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Withum

JUNE 8, 2022

The Superfund was financed through excise taxes, like those imposed on certain crude oil and petroleum products and on domestically produced and imported petrochemicals and inorganic chemicals. Business Tax Services. The post Superfund Excise Taxes Reinstated July 1, 2022 appeared first on Withum.

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Withum

MARCH 16, 2022

Person, to the Government of Russia or any person located in Russia; any approval, financing, facilitation, or guarantee by a U.S. Business Tax Services. Contact our Women in Financial Services Team to help address your business needs and challenges. Person (for example, payment in U.S. Contact Us.

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inDinero Tax Tips

NOVEMBER 7, 2023

Net Operating Loss Limitations Record Keeping and Documentation Conclusion Navigating tax advantages like net operating losses can be a headache. InDinero’s business tax services can save you time and money, as our team of professionals will ensure you’re making the most of every tax year.

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inDinero Accounting

DECEMBER 5, 2023

However, the IRS rules surrounding this tax break are complicated and go beyond what we’ve covered in this article. If you want to dive deeper into this topic, you can connect with one of the experts on our business tax services team. Table of Contents What is the QSBS Exemption?

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xendoo

JULY 6, 2023

Businesses can take steps to avoid triggering an audit. For example, online bookkeeping and business tax services can file accurate returns, on-time for you so you avoid common audit triggers. To learn more about how Xendoo can help you manage your business accounting and finances, chat with one of our experts.

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xendoo

JULY 6, 2023

Businesses can take steps to avoid triggering an audit. For example, online bookkeeping and business tax services can file accurate returns, on-time for you so you avoid common audit triggers. To learn more about how Xendoo can help you manage your business accounting and finances, chat with one of our experts.

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Steve Feinberg

SEPTEMBER 7, 2023

For home service contractors, completing your workload, attracting new clients, and keeping up to date with all the applicable codes and licensing your business needs can already be a monumental task. However, keeping track of your finances is essential to running a successful business. Bookkeeping helps you do just that.

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Withum

JUNE 27, 2022

In addition, having accurate and organized accounting records presents a picture to potential partners that the company takes its books seriously and has a strong handle on its finances. . While often considered an afterthought, accounting records should be a priority for any business. Listen Now. Contact Us. Contact Us.

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Withum

JUNE 6, 2022

Recall that if a trade or business is not within an exclusion, then it is a QTB and thus eligible for an exclusion if the other QSBS requirements are met. Business Tax Services. For more information on this topic, please contact a member of Withum’s Federal Tax Services Team. Contact Us. Contact Us.

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xendoo

JANUARY 6, 2022

By keeping your books up-to-date, you can be confident that you are reporting your income and expenses correctly, paying the proper amount in taxes, and paying your estimated taxes in a timely manner, which produces a stress-free tax season. It is always best to speak to a small business tax accountant.

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Withum

DECEMBER 23, 2023

More recently, tax writers were meeting on a regular basis and the news reported on a rough outline of a plan, but that came to nothing. So now Congressional leaders have departed for winter recess and will return to a full plate of financing the government when they return. appeared first on Withum.

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ThomsonReuters

JANUARY 28, 2022

Stay top-of-mind with tax and accounting clients all year. Companies that only offer tax services have to start over each year building a brand through marketing and advertising. Business tax preparation. Enhancing client relationships with extended tax advisory services.

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LyfeAccounting

MARCH 16, 2021

According to a recent KPMG report , you can take a full deduction for business meals provided by a restaurant. So for those of you filing your business taxes for 2020 , you will not be able to take a full deduction on your tax return. We offer various tax services so be sure to get in touch with us today at 470-240-1437.

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LyfeAccounting

JULY 20, 2021

Additionally, if you plan to have employees you will need an EIN number to file your payroll taxes. But the biggest reason you need an EIN is to file your business taxes. Using your personal bank account as your business bank account can have some legal consequences. Instead, open a business bank account.

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MazumaBusinessAccounting

JULY 27, 2022

Another reason why bookkeeping is important is it impacts your ability to make sound business decisions. For example, do you know how much your business has spent on payroll this year? Tax Filing. Business taxes are complex and time-consuming and can be stressful when trying to do them alone. Better Cash Flow.

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Snyder

NOVEMBER 10, 2022

Online tax preparation + IRS forms. Dealing with deadlines for important business taxes. What is tax software? Tax software is a program built specifically to help individuals and businesses with taxation. Tax preparation software is used to enter the relevant information about your yearly finances.

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ThomsonReuters

JULY 6, 2023

research and development credits) Trade and customs tax services and guidance Transfer pricing evaluation , documentation, and modification of existing policies Tax valuation services What does a tax advisor do? They may even be a tax attorney.

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Withum

APRIL 24, 2023

This includes assets (i) that are held as part of the reasonably required working capital (WC) needs of the business and (ii) that are held for investment and are reasonably expected to be used within two years to finance research and experimentation (R&E) expenses of a QTB or increases in WC needs of a QTB.

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inDinero Tax Tips

JUNE 7, 2023

There are several reasons for the tax gap, from things as innocuous as accounting errors to more nefarious actions like tax fraud or tax evasion. The IRS will focus on tax returns with the most significant impact. To proactively protect yourself, contact an indinero business tax services professional today.

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Xero

JULY 7, 2022

At Xero, we’re passionate about mentoring and encouraging the next generation of accounting, small business, and finance leaders. This summer, I am working at Deloitte as a Business Tax Services Intern in their Chicago office. I am President of the Alpha Theta chapter of Alpha Phi Alpha Fraternity, Inc.

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xendoo

JANUARY 30, 2023

Minimizing your company’s tax burden can help maximize profits. One way of doing this is through business tax credits. Leveraging the right tax credits can save your business thousands of dollars in taxes each year. How do you know which tax credits will save you the most money?

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Withum

OCTOBER 12, 2022

The intention of Senate Finance Committee Chair Ron Wyden was clear in advocating for the excise tax on stock repurchases: to stop “mega-corporations” from using stock buybacks to “juice” their stock prices and reward their executives and wealthiest investors through massive stock buybacks. Contact Us. Let’s Chat.

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Withum

APRIL 5, 2023

Contact Us For more information on this topic, please contact a member of Withum’s Business Tax Services Team. This article was originally published by Lynn Mucenski-Keck in Forbes on March 17, 2023.

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Withum

OCTOBER 11, 2023

However, the recent Notice provided a reasonable application of what expenditures would not be considered under IRC §174 R&E expenditures, including: General and administrative service department or function costs that only indirectly support or benefit R&E activities (e.g.,

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xendoo

JANUARY 17, 2022

As a business owner, how do you go about filing personal and business taxes with the IRS? The answer to this question actually depends on the way your business is structured, so there’s not a one-size-fits-all approach to filing small business taxes. Are Business Taxes and Personal Taxes FiledTogether?

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Withum

JULY 26, 2023

Section 49 generally requires the credit base of applicable property to be reduced by the amount of nonqualifed nonrecourse financing as of the close of the taxable year in which the property is placed in service. Contact Us For more information on this topic, please contact a member of Withum’s Business Tax Services Team.

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LyfeAccounting

APRIL 27, 2021

And if you want to know how you can save more on your business taxes or want to invest your money wisely, LYFE Accounting can help you with that. Check out our CPA tax services and investment advisory services here. appeared first on Small Business Accounting & Finance Blog.

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LyfeAccounting

JANUARY 7, 2021

If you have filed business tax returns in the past, you should already have one and can locate this number on your tax returns. By the way, our accounting firm offers bookkeeping , accounting , and tax services for small businesses. We do not assist with getting government contracts. We’d be happy to help!

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Withum

SEPTEMBER 6, 2022

As revenue and costs diversify, an organization must also begin to track its finances at a department level to identify growth and concern areas. allows decision makers to have access to operational reports allowing a company to have granular insights into product, service and department activities. Contact Us. Let’s Chat.

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xendoo

JANUARY 26, 2023

The Internal Revenue Service (IRS) can send you a bill for penalties and additional fees. However, we understand that tax filing requirements and rules change each year. It’s hard to keep up without your own accountant or business tax services. Types of Penalties How Long Can You Go Without Filing Business Taxes?

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Steve Feinberg

DECEMBER 23, 2022

There are variables to account for that can drastically affect your daily operations if you aren’t careful; that’s why starting with a few of these landscaping cash flow management habits can help you stay on top of your finances year-round. Monitor Your Transactions Daily. Spread Out Your Long-Term Payments.

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Steve Feinberg

MAY 9, 2023

This becomes critical when clients can come from various sectors, such as healthcare and finance, and may have different payment practices or requirements that can make your accounts receivable complicated. However, it can be limited in giving an accurate picture of agency finances. See related: Business tax services 2.

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Snyder

JANUARY 19, 2023

In this article, we’ll share some tips on how to organize and manage your activities throughout the busy tax season taking advantage of some handy apps that’ll ease your survival and minimize the amount of stress in the future. Spend it on things that can ease this busy tax time and support your mental and physical health.

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Going Concern

NOVEMBER 10, 2023

Tight Job Market in Finance/Accounting, Professionals Settle In After Years of High Turnover: Addison Group [ Staffing Industry Analysis ] Employers looking at hiring finance/accounting professional face a tight job market, according to the 2024 Workforce Planning Guide released by Addison Group.

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Ryan Lazanis

APRIL 4, 2022

Your productized service should be broken down into 3 components: Component 1: Services Every core offering will contain professional services and accounting work. In order to deliver your client’s ideal result, what services do you need to provide? Monthly accounting and bookkeeping services? Advisory Services?

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Withum

JULY 26, 2023

Taxpayer can elect to apply the broadened base to the 2022 taxable year or apply the broadened base to tax years starting in 2023. The interest expense limitation allowed is 30% of adjusted taxable income plus floor plan financing interest. On the Democratic side, there is still a strong desire to expand the child tax credit.

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