CPA Practice

OCTOBER 20, 2023

AICPA Releases Statement on IRS Announcement Concerning ERC Mills The American Institute of CPAs (AICPA) released a statement following an announcement by the Internal Revenue Service (IRS) detailing additional steps being taken to address aggressive and unscrupulous Employee Retention Credit (ERC) mills.

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CPA Practice

OCTOBER 19, 2023

AICPA Releases Statement on IRS Announcement Concerning ERC Mills The American Institute of CPAs (AICPA) released a statement following an announcement by the Internal Revenue Service (IRS) detailing additional steps being taken to address aggressive and unscrupulous Employee Retention Credit (ERC) mills.

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MyIRSRelief

FEBRUARY 1, 2023

if you do not pay your tax debt. If you are having trouble paying your 941 payroll tax debt, it is advisable to contact the IRS as soon as possible to discuss your options. Our Whittier, Los Angeles, CA tax representation firm represents employers before the IRS & Appeals, contact us today at 1-877-78-TAXES [1-877-788-2937].

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Anders CPA

OCTOBER 11, 2022

Important ERTC Takeaways: Still applicable to 2020 and 2021 taxes No application necessary, simply file an amended payroll tax return Strong chance for an IRS audit within 5 years ERTC can increase businesses’ taxable income Tip wages also count towards ERTC. ERTC for Restaurants. CONTACT ANDERS.

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CPA Practice

JULY 12, 2023

HDHPs have lower premiums than traditional health plans because they have higher deductibles, which allows employers who offer HDHPs with HSAs to their employees to save money by reducing their payroll taxes and health care costs. Rahill, CPA/PFS, JD, LL.M., Of course, there are limitations to HSAs.

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Shay CPA

OCTOBER 4, 2023

If you want to explore using this credit to reduce your payroll tax liability, we’ve got a guide you can check out.) With a fixed-fee R&D credit study run by our experienced CPAs, you get a clear idea of what this tax credit can do for your company. Keep receipts for any supplies you procure for the trial.

Technology 52

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CPA Practice

JANUARY 19, 2024

Defining CAS Sona Akmakjian, CPA, Avalara ’s global head of strategic accounting partnerships, opened the Accounting Meta Influencers session and welcomed the moderator, Geni Whitehouse, a CPA, consultant and current president of the Information Technology Alliance (ITA). firm with 900 staff and $200M in revenue. “CAS

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CPA Practice

JANUARY 17, 2023

Most states also require sellers to collect and remit local taxes (either city or county), so be sure your clients know to obtain the appropriate seller permits and tax account licenses to comply. Paying Employees in Another State. More info at: CorpNet.com/partners.

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CPA Practice

JULY 12, 2023

Finally, SUI tax rates tend to change from calendar year to calendar year and can rise or fall depending on the economy and the state’s unemployment fund status. Some states require employers to pay additional payroll taxes. Get more info at CorpNet.com/partners.

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ThomsonReuters

SEPTEMBER 7, 2023

Accounting is facing talent shortages on two fronts, both in the reduction of new CPAs and an increased exodus of established professionals. CPA graduates may find other industries more enticing at the entry level, where more mature accounting professionals are choosing to exit the industry for retirement or alternative employment.

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MazumaBusinessAccounting

JANUARY 31, 2023

Hiring an employee can be costly when you add wages, employer payroll taxes, and other benefits. For example, a great personal tax accountant might not have the specialty or interest in running your S corporation’s payroll. Use the local society of CPAs directory.

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MazumaBusinessAccounting

FEBRUARY 1, 2023

Hiring an employee can be costly when you add wages, employer payroll taxes, and other benefits. For example, a great personal tax accountant might not have the specialty or interest in running your S corporation’s payroll. Use the local society of CPAs directory.

Account 52

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LyfeAccounting

JUNE 11, 2021

And for these wages, you will need to set up a payroll system to pay yourself through. This is because the wage you pay yourself is subject to payroll taxes , like medicare, social security, state taxes, and individual taxes. But ultimately, the general rule of thumb that almost every CPA we’ve talked to has been

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CPA Practice

DECEMBER 4, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss a new regulatory change coming in 2024, and what firms need to know and do for their clients. Welcome to the technology lab presented by CPA practice advisor with your hosts, Randy Johnston and Brian Tankersley. That’s my URL shortener that I have set up CPA te.ch

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CPA Practice

DECEMBER 8, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss a new regulatory change coming in 2024, and what firms need to know and do for their clients. Welcome to the technology lab presented by CPA practice advisor with your hosts, Randy Johnston and Brian Tankersley. That’s my URL shortener that I have set up CPA te.ch

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CPA Practice

AUGUST 31, 2023

By Al-Nesha Jones, CPA, MBA Generation X—aka the Sandwich Generation, Latchkey Kids, Baby Busters, and even the Forgotten Generation—will soon be approaching retirement age. Small business owners typically struggle with saving for retirement because they juggle operating expenses, payroll, taxes, and financing growth opportunities.

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xendoo

JANUARY 16, 2023

Understanding your entity type and requirements is the first step toward filing your taxes accurately and efficiently. Tax laws are constantly changing, and it can be challenging to keep up with the latest revisions. A professional tax advisor or CPA can accurately file your business taxes on time.

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Going Concern

JULY 14, 2023

Earlier: EY and PwC Among the Many Entities Caught Up in the MOVEit Cybersecurity Breach Ransom Practice What CPAs Need to Know about Employee Retention Credit Fraud [ The CPA Journal ] Most taxpayers have likely received a solicitation recently claiming that they may be entitled to thousands of dollars in employee retention tax credits.

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xendoo

JANUARY 30, 2023

An experienced tax professional can identify which credits you’re eligible for and even file them for you. This guide goes over business tax credits that could save you money on taxes. You’ll also learn how to maximize their impact with the help of an experienced CPA or tax accountant.

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Steve Feinberg

OCTOBER 31, 2022

However, before you decide on which method is best for you, it’s best to speak with a CPA to learn more about the requirements and tax liability of each. Our Team of accountants, CPAs, and other business professionals can help with bookkeeping, payroll, taxes, and general business consulting so you can focus on what you do best.

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xendoo

SEPTEMBER 28, 2021

You must document these deposits and distribute the appropriate tax documents to your employees at the end of the year. During the pandemic, businesses were given the opportunity to defer payroll taxes. Half of the deferred tax withholdings must be paid out to the IRS by December 31, 2021. Excise Tax.

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inDinero Accounting

JANUARY 9, 2023

As a result, the first few years may see negative returns, and hence no income tax liability. However, this doesn’t mean you shouldn’t concern yourself with taxes. First of all, there are many other taxes – such as payroll tax, property tax, sales tax, and excise tax – to worry about.

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inDinero Accounting

JANUARY 9, 2023

Becoming a certified public accountant (CPA) takes years of higher education (150 credit hours) and success in an exam as well as continuing education requirements. As a result, the first few years may see negative returns, and hence no income tax liability. However, this doesn’t mean you shouldn’t concern yourself with taxes.

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Going Concern

FEBRUARY 23, 2024

Sadly, I had to argue with them over their own language in black and white on how… — Eric Pierre, CPA (@yourfavecpa) February 22, 2024 Deloitte’s Adam Powick wrestles with the complaints of former staff and directors about the pressure to perform in a gruelling corporate culture. in last 12 months. That is in the 19-story KPMG Plaza.

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LyfeAccounting

DECEMBER 28, 2020

If you need specific accounting or tax advice , then be sure to contact one of our CPAs directly. Because by the end of this post, you should be able to take advantage of at least one tax credit, I hope, to lower your tax liability and put more money into your pockets. With that said, I hope you’re ready for a fun ride.

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Going Concern

AUGUST 25, 2023

Anders CPAs + Advisors said Kelley’s job – which she started Wednesday – is to drive strategic growth, oversee expansion efforts and pursue new opportunities for community leadership. Consequently, there are numerous processes and operations that need to be re-examined in response to the recent developments.

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