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Payroll Taxes Demystified: A Breakdown for Accountants and CPAs Serving Business Owners

CPA Practice

As accountants and CPAs, dealing with payroll taxes is essential to managing finances for your business clients. Understanding the details of payroll taxes helps you better assist your clients in fulfilling their obligations and maximizing tax efficiency. and West Virginia) Washington, D.C. By Nellie Akalp.

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Five Tax Strategies Retirees Should Consider Before Dec. 31

CPA Practice

However, if you fall into the 10% or 12% income tax bracket, you pay 0% capital gains. Once again, consult with your tax professionals to see what is a viable strategy for you. Evaluate Medicare thresholds I work with several retired CPAs, and for some reason, the IRMAA letters they get drive them up a wall.

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Monday Morning Accounting News Brief: EY Embarrasses Itself (Again); Archaic IRS Tech; Partners Battle It Out | 2.27.23

Going Concern

“IRS tech is so ‘archaic’ the agency struggles to find people to work it” from The Washington Post : The Internal Revenue Service, which funds nearly everything the federal government does, uses information technology that is creaking with old age.

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Los Angeles-Based CPA Firm Receives High Praise from Accounting Today

KROST

KROST CPAs and Consultants, Los Angeles-based firm, receives two new accolades from Accounting Today , Top 100 Firms, and Fastest-Growing Firms in the U.S. 11 on the Regional Leaders on the West Coast which includes firms in California, Nevada, Oregon, and Washington. Pasadena, CA. New to the list, KROST, ranked No.

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Friday Footnotes: RSM Layoffs; The Leader Who Cried On His First Day; Advisory Pays Better (Duh) | 5.5.23

Going Concern

Entry-level CPAs in advisory practices are making $11,000 more than CPAs starting out in audit and tax, and $20,000 more than non-CPAs in advisory. The report says CPAs are generally paid more than non-CPAs, but the pay gap between the two shrinks when moving from entry-level to the manager level.

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Friday Footnotes: The Salary Problem Catches Up to Firms; Deloitte Changes Its Mind; KPMG Punished (Again) | 3.18.22

Going Concern

Steve Harvey Details Owing Over $20M To The IRS — ‘They Were Cashing The Checks, Keeping The Money’ [ AfroTech ] “My old tax accountant, who passed, had done some, let’s say, not so smart things,” Steve Harvey said.

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Business Tax Rates: How Much Do Small Businesses Pay in Taxes?

xendoo

Xendoo’s bookkeepers and CPAs are familiar with tracking and remitting sales tax for all types of businesses, including ecommerce. If you’re interested in sales tax services , we can do a consultation for your business. In addition to federal income taxes, you’ll likely have state and local taxes. in New Jersey.