Shay CPA

MAY 3, 2023

For most companies, payroll makes up a huge category in the latter. It’s the R&D credit that the IRS will let you apply toward payroll taxes. Reducing your payroll tax liability The IRS has long offered a tax credit for increasing research activities. More information on that here.

payroll tax 52

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CPA Practice

MAY 15, 2024

At the same time, the nearly universal adoption of cloud-based accounting, payroll and management systems by businesses has made it easier for firms to work with clients in real time, providing rapid response to issues, as well as access to live data and account information.

Technology 69

Technology accounting firms cpas Account 69

CPA Practice

APRIL 1, 2024

Since 2021, the American Institute of CPAs (AICPA) has spoken out against unscrupulous third-party vendors promoting improper Employee Retention Credit (ERC) claims. The Internal Revenue Service has heeded the concerns of CPAs from across the country and taken steps to curb fraudulent ERC claims.

cpas 114

cpas payroll tax tax return payroll 114

ThomsonReuters

NOVEMBER 8, 2022

Who needs to know : Payroll professionals, payroll departments, tax departments, third-party payroll providers. Payroll Guide ¶4264 Basic Principles. Payroll Guide ¶4268 Form 1099-MISC. Payroll Guide ¶4271 Form 1099-NEC. The post What’s Hot on Checkpoint for Payroll and Benefits Professionals?

payroll 69

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CPA Practice

OCTOBER 24, 2023

For almost as long as commerce has existed, small business owners have struggled with managing their finances and taxes, while at the same time running the operational side of their businesses. there are more than 13,000 taxing jurisdictions, including states, cities, counties, and a variety of special districts. 2023 sales tax rates.

Sales 111

Sales Tax bookkeeping services bookkeeping 111

Nancy McClelland, LLC

APRIL 5, 2024

As a CPA whose company works with loads of small businesses that need to process payroll, I’ve used quite a few payroll systems through the years… and Gusto has become our favorite. Honestly, I randomly stumbled on it when I went into my own Gusto account to run weekly payroll.)

tax preparation 52

tax preparation Tax bookkeeping payroll 52

MyIRSRelief

MARCH 15, 2023

As a trucker, filing taxes can be a daunting task. The paperwork, deadlines, and complex tax laws can leave you feeling overwhelmed and uncertain about your tax obligations. However, failing to file your taxes can have severe consequences, including back taxes, penalties, and even legal action.

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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 SUI Tax? The federal tax rate is a flat 6%.

income tax 98

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CPA Practice

AUGUST 3, 2023

For the last two years, the American Institute of CPAs (AICPA) has diligently and consistently advocated on behalf of taxpayers and CPAs to the Internal Revenue Service (IRS) and the Department of the Treasury regarding unscrupulous third-party vendors promoting improper Employee Retention Credit (ERC) claims.

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Shay CPA

DECEMBER 6, 2023

But it also means paying the applicable tax authority. The quick fix: employers of record We’ve explored the tax implications of hiring remote employees in detail , but let’s give a quick recap. Depending on local tax law, that could subject the employer to compliance and payment requirements.

Tax 52

Tax payroll quickbooks NetSuite 52

MyIRSRelief

JULY 3, 2023

Contact us for professional tax help today! During an ERC audit, the IRS reviews the business’s records, including payroll records, tax returns, and supporting documentation related to ERC claims. Understanding ERC IRS Audits 1.1 What is an ERC IRS Audit? ERC IRS Audit Process 2.1 What Happens During an ERC Audit?

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Bharmal&Associates

JANUARY 13, 2021

Did you miss out on the first two opportunities to receive your tax-free Paycheck Protection Program (PPP) cash? But who wants a cash gift, tax-free? Premier Orange County CPAs. Many did miss out. One reason: the word “loan.” Who wants a loan? Well, almost no one. If you do, read on for the details. Don’t procrastinate.

payroll 147

payroll cpas Tax 147

CPA Practice

JANUARY 2, 2024

PKF Mueller Joins Cherry Bekaert to Expand Chicago Market Reach Cherry Bekaery, an assurance, tax and advisory firm, recently completed an acquisition transaction with PKF Mueller , a full-service certified public accounting and business advisory firm located in the metropolitan Chicago area.

Illinois 114

Illinois Pharmaceutical E-commerce audit 114

CPA Practice

JULY 31, 2023

In today’s globalized world, offshoring and outsourcing have become prevalent strategies adopted by CPAs, accounting, and tax firms to optimize their operations, minimize expenses, and tap into specialized expertise. By Shawn Parikh. An offshore account manager is who will oversee the offshore accountant’s day-to-day activities.

Tax 98

Tax Account accountant accounted 98

Bharmal&Associates

OCTOBER 23, 2020

You likely formed an S corporation to save on self-employment taxes. First, if it’s too low and you get caught by the IRS, you will pay not only income taxes and self-employment taxes on the too-low amount, but also both payroll and income tax penalties that can cost plenty. Premier Orange County CPAs.

payroll tax 147

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CPA Practice

JULY 12, 2023

Fortunately, the Internal Revenue Code includes several tax strategies that may help your clients better prepare for the potential costs of long-term care—here are three to consider. HEALTH SAVINGS ACCOUNTS A health savings account (HSA) is one of the most tax-efficient ways to save for long-term care costs.

Tax 98

Tax tax return payroll tax Illinois 98

PYMNTS

AUGUST 27, 2019

However, there’s an area of B2B FinTech that appears to have left a gap in the market: While there are solutions for CPAs to better manage their clients’ funds, Dustin Hall, director of CPACharge at card processing company AffiniPay , says CPAs lack a seamless way to get paid from those customers. Changing CPA Roles.

cpas 60

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Bharmal&Associates

AUGUST 13, 2020

As you read this, it’s likely that your lawmakers are working on the next Payroll Protection Program (PPP) package. From what we know, lawmakers thought this meant that the PPP loan forgiveness was tax-free for you. an S corporation, receives a $100,000 PPP loan, spends it all on defined payroll, and the lender forgives the $100,000.

payroll 130

payroll income tax tax return Tax 130

Bharmal&Associates

SEPTEMBER 21, 2020

The Payroll Protection Program (PPP) rules—they keep a-changing. During the past month, the Small Business Administration (SBA) issued a new set of frequently asked questions (FAQs) and a new interim final rule, which in combination create the following good news for the Payroll Protection Program (PPP): More forgiveness.

payroll 147

payroll cpas Tax 147

Bharmal&Associates

AUGUST 13, 2020

Tax law definitions do not apply to much of the Payroll Protection Program (PPP), making it new ground for owners of S corporations. In tax law, you would have to consider “attribution rules” that would make you own what your wife owns because of your marital relationship. Yes, in tax law you both would own 100 percent.)

Non-Profits 130

Non-Profits payroll tax return Tax 130

CPA Practice

SEPTEMBER 14, 2023

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.

cpas 64

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CPA Practice

DECEMBER 15, 2023

Accounting software also simplifies tax preparation by identifying taxable income and deductions with ease. QuickBooks Online Many accountants and CPAs recommend Intuit QuickBooks to their clients for good reason. Xero also works with Gusto Payroll, offering users payroll services as well. a month.

accounting system 116

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CPA Practice

FEBRUARY 1, 2024

CPAs and accountants are uniquely positioned to help their clients out with a variety of advisory services. The primary focus for small business owners in 2024 is generating more revenue, with many small businesses wanting to add to their payrolls. That hasn’t changed.

E-commerce 64

E-commerce quickbooks tax return payroll 64

CPA Practice

MAY 11, 2023

Accounting firms have faced a volatile profession in the past year as teams struggled with burnout while staff shortages increased, regulatory changes caught firms off guard – increasing compliance and security concerns – and tax laws became increasingly more confusing for clients and CPAs alike.

Account 119

Account accountant accounted payroll 119

xendoo

AUGUST 2, 2023

Your business structure impacts your tax savings, accounting practices, and how you pay yourself. Xendoo does online accounting , bookkeeping, and taxes for businesses, so it’s a question we answer frequently. Overall, LLCs have a more flexible structure, while S corps can save money on taxes in the long run.

Tax 52

Tax income tax Non-Profits tax return 52

xendoo

AUGUST 2, 2023

Your business structure impacts your tax savings, accounting practices, and how you pay yourself. Xendoo does online accounting , bookkeeping, and taxes for businesses, so it’s a question we answer frequently. Overall, LLCs have a more flexible structure, while S corps can save money on taxes in the long run.

Tax 52

Tax income tax Non-Profits tax return 52

LSLCPAs

SEPTEMBER 3, 2020

Pay, Tax, and Work Laws for Remote Employees The pandemic suddenly made remote workers the rule rather than the exception. Here are a few tips for administering your payroll in “Remote-Land.” The post Tax and Legal Impacts of Doing Biz Remotely in Other States and Abroad appeared first on LSL CPAs.

Legal 52

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Ryan Lazanis

SEPTEMBER 19, 2023

The Green Leaf CPA The Green Leaf CPA assists leading marijuana, hemp, and CBD businesses in maintaining compliant accounting, tax, and financial practices. Luminary CPA Luminary CPA is one of the accounting firms that offer personalized tax assistance and on-demand bookkeeping services.

Account 98

Account accountant accounted bookkeeping 98

CPA Practice

AUGUST 30, 2023

One of the panelists, Jackie Cardello, president and managing partner of Bethesda, MD-based GRF CPAs & Advisors, said the stigma and the stereotype associated with CPAs and accountants—and the profession in general—needs to change, and that change can begin in high school. Firms are looking at non-traditional hires and non-CPAs.

cpa firm 105

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Bharmal&Associates

SEPTEMBER 4, 2020

From individual tax planning services to complex corporate consulting engagements, we are ready to be your full-service CPA firm. We provided CPA services to a Medicare-certified company that consists of two entities. We primarily focused on preparing taxes and consolidating the books to report tax data properly.

Healthcare 130

Healthcare cpa firm B2B cpas 130

ThomsonReuters

MAY 6, 2022

Many accounting firms provide invaluable services that go far beyond tax prep and financial reporting. Many CPAs offer consulting services alongside regular tax preparation, which helps create additional revenue for the firm and provides additional support for clients. Building a well-rounded tax and accounting practice.

accounting firms 93

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Accounting Insight

MARCH 2, 2023

IRIS Software Group (IRIS), a leading global software provider of accountancy and payroll solutions, today announced it has acquired Apex HCM (Apex), a leading cloud-based HCM enterprise software provider for payroll service bureaus (PSBs) and Certified Public Accountant (CPA) firms.

cpa firm 72

cpa firm payroll CPA cpas 72

Snyder

JULY 13, 2022

While the concept of CAS isn’t new, it’s still not known to many business owners and lots of certified public accountants (CPAs) struggle to persuade their clients to switch to this format of accounting. CAS expands beyond the traditional scope of bookkeeping and tax preparation. What are client accounting services (CAS)?

Account 105

Account accountant accounted cpas 105

xendoo

JANUARY 6, 2022

A crucial component of being a small business owner is meeting certain tax requirements in order to remain compliant in the eyes of the IRS. That is why the Xendoo team has created this guide to help business owners stay on top of their tax requirements, remain compliant throughout the year, and effortlessly maximize their return!

Tax 59

Tax bookkeeping income tax business tax 59

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.

cpas 52

cpas CPA Education audit 52

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.

cpas 52

cpas CPA Education audit 52

CPA Practice

FEBRUARY 2, 2024

Simply put, there are so many other options for clients to “get the books done” or “taxes filed” than there used to be. The message that many accountants indirectly or directly communicate to their potential clients and ends up falling flat is: “I can do your taxes cheaper/faster/better.” Let’s look at tax services as an example.

Account 119

Account accountant accounted tax return 119