LSLCPAs

JULY 13, 2021

Section 45L Energy-Efficient Home Tax Credit Extended to December 31, 2021 The 45L tax credit was previously set to expire at the end of 2020. The post Real Estate Investors and Owners may be eligible for Energy-Efficient Home Tax Credit appeared first on LSL CPAs.

Real Estate 52

Real Estate Tax cpas 52

TaxConnex

JANUARY 12, 2023

It’s a fair bet, then, that sooner or later you’re going to be selling online into Puerto Rico, which has a sales tax. state with a sales tax has economic nexus thresholds – does Puerto Rico? Such companies must register with the Puerto Rico Department of Treasury and collect and remit Puerto Rico sales tax. Nexus for two years.

Sales 130

Sales Tax Real Estate Manufacturing 130

LSLCPAs

DECEMBER 17, 2020

19 to Affect Parent to Child Real Estate Transfers appeared first on LSL CPAs. With the recent news cycle mostly focused on federal level races including the Presidential election and numerous House and Senate rates, some propositions, like Prop. 19 have not received their fair share of time in the news. Prop. […].

Real Estate 52

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RogerRossmeisl

OCTOBER 30, 2023

The Tax Cuts and Jobs Act liberalized the rules for depreciating business assets. 179 deductions For qualifying assets placed in service in tax years beginning in 2023, the maximum §179 deduction is $1.16 179 deductions can also be claimed for real estate qualified improvement property (QIP), up to the maximum allowance.

Real Estate 227

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CPA Practice

AUGUST 16, 2023

Crypto mining operations—the process of creating new digital coins—have unique tax issues because the rules aren’t clear if miners are taxed as cryptocurrency investors or business owners. There’s different tax implications depending on the answer to that,” Ms. Connolly said. That’s really what the purpose of all this is.”

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Going Concern

SEPTEMBER 1, 2022

The numbers don’t lie: of 658,267 actively licensed CPAs in 53 of the 55 licensing jurisdictions, less than 1% are Black (2020 data), a number that has remained largely unchanged in 40 years. Starting I couldn’t take the kind of paycut to be a entry level field auditor or tax. We won’t argue with you there, dear reader.

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CPA Practice

AUGUST 28, 2024

CPA Practice Advisor has announced the 2024 Tax and Technology Innovation Award winners and finalists. After voting by the awards committee panel each year, the top five products are presented as winners of the Tax and Accounting Technology Innovation Awards. In 2004, under the editorial leadership of Gregory L.

Technology 122

Technology accounting firms Account accounted 122

CPA Practice

AUGUST 12, 2024

Top 200 accounting firm Yeo & Yeo CPAs & Advisors has expanded its presence in the Southeast Michigan region by combining with Bloomfield Hills-based firm Berger, Ghersi & LaDuke (BGL), effective July 1. As part of the deal, BGL partners Alan LaDuke, David Berger, and Jim McAuliffe have joined Yeo & Yeo’s principal group.

Michigan 103

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CPA Practice

JANUARY 30, 2024

Syracuse, NY-based accounting firm Bowers CPAs & Advisors has expanded its presence in Rochester after combining with Kasperski Dinan & Rink CPAs on Jan. Financial terms of the deal weren’t disclosed.

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CPA Practice

JUNE 11, 2024

They dread the scrutiny, penalties and other unfortunate outcomes when the IRS questions the accuracy or the veracity of their tax return. The IRS recently announced its plans to significantly ramp up tax audits on the wealthiest taxpayers, large corporations and large, complex partnerships for tax year 2026. Dirty Dozen.

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CPA Practice

NOVEMBER 6, 2023

At WilkinGuttenplan, she focuses on the real estate industry and high-net-worth individuals. The AICPA Leadership Academy was designed to strengthen and expand the leadership skills of promising young professionals while they network with a peer group of talented and motivated CPAs.

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CPA Practice

NOVEMBER 29, 2023

A recognized leader in global influencer marketing and brand messaging, Ball will be instrumental in advancing awareness of Bookkeep’s leading revenue and sales tax automation platform. She is a member of the American Institute of CPAs and the California Society of CPAs. Autrey , Whitley Penn CEO & Managing Partner.

Real Estate 52

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CPA Practice

JUNE 10, 2024

They dread the scrutiny, penalties and other unfortunate outcomes when the IRS questions the accuracy or the veracity of their tax return. The IRS recently announced its plans to significantly ramp up tax audits on the wealthiest taxpayers, large corporations and large, complex partnerships for tax year 2026. Dirty Dozen.

audit 72

audit Real Estate Tax income tax 72

Anders CPA

APRIL 17, 2024

University of Missouri alumnus and longtime supporter Craig Campbell, CPA/CGMA , Tax Partner at Anders CPAs + Advisors, was selected as a Citation of Merit recipient for 2024 by the University of Missouri’s Robert J. Trulaske, Sr. College of Business. This represents the most prestigious award that the college bestows.

Real Estate 64

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CPA Practice

OCTOBER 22, 2024

As residents across the southeast continue to pull their lives back together following the devastating destruction of Hurricanes Helene and Milton, the personal financial planning experts at the American Institute of CPAs are offering tips to help with financial well-being and planning for the future.

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income tax tax return Real Estate Tax 111

FusionCPA

NOVEMBER 2, 2020

You need to be careful when it comes to your real estate investment firm accounting. The way that you do your real estate investment firm bookkeeping either hinders or allows you to analyze your business’s financial health.

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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 E-commerce Pharmaceutical Real Estate 114

KROST

DECEMBER 16, 2021

If you are a shareholder of an S Corporation, partner/member of a partnership/LLC, you might be able to get some of your state tax deduction back. As you may remember, the federal Tax Cuts and Jobs Act reduced the amount of the SALT deduction individuals can claim on their federal tax return to $10,000 starting with the 2018 tax year.

Real Estate 52

Real Estate Tax California tax return 52

CPA Practice

JULY 8, 2024

AICPA News is a collection of recent announcements from the American Institute of CPAs and the Chartered Institute of Management Accountants. AICPA Recognizes Six Individuals with 2024 Outstanding Young CPA Award The AICPA & CIMA recently recognized six practicing CPAs under the age of 40 with the 2024 AICPA Outstanding Young CPA Award.

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cpas North Carolina Illinois Texas 122

Going Concern

JANUARY 3, 2024

From the above JofA article: Unlike you, ChatGPT and other generative AI tools have not been formally educated and trained in the practice of public accountancy and are not licensed CPAs. Last April, tax app Keeper unveiled its scary good GPT-4 “Ask an AI accountant” tool. On the topic of output, we’re getting there.

Account 113

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Going Concern

MAY 31, 2023

Ackerman, CPA Assurance – Real Estate and Construction (Washington, D.C.) Badani, CPA Assurance – Financial Services (Irvine, California) Ashley R. Barber, CPA Tax – Commercial (Iselin, New Jersey) Jason M. Carter, JD Tax – Manufacturing and Distribution (Chicago, Illinois) Lindsay N. Jonathan K.

Wisconsin 52

Wisconsin Real Estate Pennsylvania Illinois 52

CPA Practice

MAY 10, 2024

Gomez, CPA | Global Chief Financial Officer and Partner, Mischief USA and No Fixed Address Inc. Yetter, CPA | President and Founder, Yetter Consulting Services Inc. and Sales Tax Institute Emerging Leaders • Amy Sexton | Manager, Wipfli LLP • Kelsey Straub, CPA | Audit Senior Manager, Deloitte & Touche LLP Lester H.

CPA 64

CPA Illinois Kansas Oklahoma 64

inDinero Tax Tips

AUGUST 29, 2023

Don’t Even Try Deducting These 13 Non-Deductible Business Expenses Frequently Asked Tax Deduction Questions Conclusion What Are the IRS Rules for Non deductible Business Expenses? There are many ways businesses can lower their tax liability. For another example, property taxes on your business’s office space are deductible.

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KROST

MARCH 10, 2022

There are so many tax reporting deadlines and for the past two years, every time we came closer to the next deadline, there was some reason (beyond our control) for delays. Coming into this tax season, we were hopeful that things would be better. Tax basis reporting on K-1s for partnerships and S Corporations. About the Author.

California 52

California Tax Real Estate tax return 52

KROST

MAY 23, 2022

KROST CPAs and Consultants, a tax, accounting, and consulting firm based out of Los Angeles, has launched KROST Business Intelligence (KBI) , offering dynamic insights into realization, staff utilization, project turnaround, and more. ABOUT KROST CPAs & CONSULTANTS. Pasadena, CA. Ricky Yau, CISSP , Director.

Real Estate 82

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CPA Practice

AUGUST 21, 2023

Sometimes a house becomes too much to maintain, the stairs too hard to climb, or the taxes just too high. The decision to stay or to move should be made collaboratively among the individuals, their families, and professionals, such as doctors, CPAs, and estate planners who look after the client’s best interests.

Real Estate 98

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CPA Practice

MARCH 13, 2023

Perfetto has worked with numerous large, publicly traded clients on complex accounting and audit matters such as acquisitions, impairment analysis, valuation, income tax provision, group audits, and management review controls. He is also a member of the American Institute of CPAs and the Idaho Society of CPAs. BST & Co.

Real Estate 52

Real Estate forensic accounting Connecticut Hospitality 52

CPA Practice

FEBRUARY 8, 2024

Cleveland-based top 15 accounting firm CBIZ acquired Erickson, Brown & Kloster, a full-service tax, accounting, and business consulting firm located in Colorado Springs, on Feb. CBIZ’s last major transaction came a year ago when it acquired Indianapolis-based Somerset CPAs and Advisors. million in revenue over the past year.

Colorado 59

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CPA Practice

DECEMBER 19, 2023

CPAs & Advisors (RBC). Founded in 1986, RBC has deep experience providing accounting and business consulting services to its clients, especially those in the construction and real estate industries. Geist is now an office leader and a tax partner with Aprio. Financial terms of the deal were not disclosed.

Texas 64

Texas accounting firms Real Estate Construction 64

BuildYourFirm

OCTOBER 28, 2020

Real Estate Leasing (Commercial) – While the residential market is red hot in many parts of the country, the commercial real estate market is very soft, particularly in larger cities and shopping areas. IRS Back Taxes and Problem Resolution (unfortunately but a reality). Accounting for Film Production.

Real Estate 130

Real Estate Hospitality Technology Entertainment 130

ThomsonReuters

MAY 5, 2022

Each year, tax time is an opportunity to expand your accounting firm’s client base. That is a question firms should consider as they reflect on the tax season. Leading up to tax time, there are potential clients ranging from individuals to major corporations who may be on the hunt for a new tax preparer.

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Going Concern

SEPTEMBER 30, 2022

Welcome to part two of our series on the IRS Section 179D tax deduction. We explained how the §179D tax deduction works and who qualifies for it in part one. You’ll need to work with a partner like Walker Reid to sort through tax code and the changes, figure out the best way forward, and get certified.”. to $5.00.

Tax 108

Tax Gaming Real Estate Start-ups 108

CPA Practice

JUNE 13, 2024

Rahill, CPA/PFS, JD, LL.M., The Tax Cuts and Jobs Act of 2017 (TCJA) brought about substantial changes to the tax landscape, significantly increasing the lifetime estate and gift tax exemption amounts ($13.61 million for a married couple transferring their estate to heirs. By Daniel F.

Real Estate 124

Real Estate Tax income tax Illinois 124

Going Concern

OCTOBER 21, 2024

It must track the vast array of things the military uses: munitions, spare parts, fuel, real estate. And it must do so accurately and in real time. The public deserves to know its tax dollars are being spent as intended — and that requires strong government finance teams and experienced auditors.” Ready for use?

Account 57

Account accounted accountant South Dakota 57

Going Concern

SEPTEMBER 8, 2023

” Academia Taxing the Metaverse [ SSRN ] The buzz surrounding the Metaverse has been growing steadily for the past couple of years, but the tax implications of this novel ecosystem remain fuzzy to most tax scholars. based IPA 200 firm LaPorte CPAs & Business Advisors (FY22 net revenue of $31.4

Tax 117

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Going Concern

MARCH 22, 2024

PwC chairman refuses to share tax leaks scandal investigation with Australian parliament [ The Guardian ] PwC’s global chairman, Bob Moritz, has refused to comply with a request from the Australian parliament to share a copy of an investigation used to contain the tax leaks scandal to Australia. This S**t Is Still Going On?

Minnesota 111

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CPA Practice

DECEMBER 12, 2023

“With their recognition as a leader in the construction industry and the San Diego member firm of Construction Industry CPAs and Consultants (CICPAC), they will be a fantastic addition to Eide Bailly.” The decision to join forces with Eide Bailly was easy as our values align seamlessly,” said Scott Trendel, a partner at RBTK. 8, 2024.

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