Going Concern

JANUARY 25, 2024

An incredible phenomenon is underway, one that many tax pros have been begging their compadres to get on board with for years: CPAs are increasing their fees. Client graduated # 1 in accounting and so doesn’t need us to do his simple tax returns anymore. Is that reasonable for [a particular level of return complexity]?

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cpas tax preparation tax return CPA 123

CTP

MARCH 9, 2022

But many taxpayers (and even tax pros) are confused about the differences between tax planning and tax preparation. In fact, the average taxpayer most likely believes they are already getting this service from their tax advisor. Why is it impossible to do tax planning at the same time as you prepare a tax return?

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tax planning Tax tax preparation tax return 98

Going Concern

APRIL 12, 2024

ICYMI: These are the most-read articles on Going Concern this week: Tax Preparer Finds Out in the Worst Way Possible That ERC Wasn’t a Free Money Glitch Survey Says: Which Group of Auditors Are Most Satisfied With Their Salaries? Tesla Korea makes accounting errors [ The Chosun Daily ] Tesla Korea, the South Korean unit of U.S.

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CPA auditor Tax audit 104

inDinero Tax Tips

NOVEMBER 15, 2021

The current business tax rate is 21% at the federal level, plus state corporate taxes that range anywhere from 0-11.5%. Each state has different tax laws , and it’s a good idea for businesses to get advice for tax preparation. Check out these blogs: Year-End, Capital Gains Tax and Iffy Choices.

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Tax income tax Legal Entertainment 52

xendoo

DECEMBER 11, 2022

Corporation Income Tax Return, is an IRS form that certain businesses use to file taxes. It helps businesses report their yearly profits and losses to determine their tax liability. Businesses can also use Form 1120 to report the gains or losses from the sale of assets and any taxes due from foreign income.

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Tax income tax tax return bookkeeping 52