CPA Practice

JULY 12, 2023

Inevitably, your clients with growing businesses will want to hire, so you’ll be better able to help them if you have a clear understanding of the differences between SUI (state unemployment insurance) and SIT (state income tax) and how they affect your clients’ businesses. What is SIT Tax?

income tax 98

income tax Tax South Dakota Alaska 98

Cherry Bekaert

FEBRUARY 2, 2024

These studies help to recover costs from facility purchases or construction while also reducing their tax liabilities. A cost segregation study segregates a building’s assets into specific allocation and depreciation periods for income tax purposes. Residential properties have a tax life of 27.5

Construction 52

Construction audit cpas Real Estate 52

CPA Practice

MARCH 18, 2024

JHM’s added presence in the Cleveland market will bring Cleveland-area companies additional expertise in construction, manufacturing, not-for-profit, real estate, health care, and governmental sectors, as well as additional layers of advisory services for companies, nonprofits, municipalities, and individuals.

cpa firm 52

cpa firm CPA Tennessee Real Estate 52

Going Concern

MARCH 18, 2024

CPAs lost their licenses and livelihoods. In 2022 it was even fined twice in one day for audit failures at the construction companies Kier and Galliford Try. Prior to joining Weaver, Solomon held progressive tax leadership positions at national and Big 4 public accounting firms. KPMG paid a $50 million penalty.

Account 101

Account accountant accounted audit 101

xendoo

JANUARY 30, 2023

The Inflation Reduction Act increased the maximum threshold from $250,000 to $500,000, starting with the tax year 2023. To obtain this credit, businesses must submit Form 6765 to their federal income tax return by April 18, 2023. Your filing date should match the deadline for your tax return.

business tax 52

business tax Tax tax return income tax 52

Cherry Bekaert

JUNE 13, 2023

In this article, we’ll explore the advantages and disadvantages that the type of entity chosen for a real estate venture or property management company can have on the tax strategies available during your project’s life cycle. CPAs and attorneys regularly advise clients concerning the appropriate entity for their endeavor.

Real Estate 59

Real Estate income tax tax return Legal 59

Going Concern

JANUARY 26, 2024

The declining birth rate also plays a role into the low supply of accountants, according to Henry Grzes, lead manager for tax practice and ethics with the American Institute of CPAs. “It

Account 117

Account accountant accounted audit 117