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How To Download An IRS Account Transcript – UPDATED 2/6/2022

Nancy McClelland, LLC

We’ve come to the conclusion that the best solution to these concerns is to continue to ask clients to download their annual Account Transcript and provide it to us via secure upload. It’s free, reasonably easy, and reliable.

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IRS Expands Business Tax Accounts to Include S Corporations and Partnerships

CPA Practice

“This next step in the evolution of the Business Tax Account will help these businesses download transcripts and other features. Ultimately, these new online options will help make interactions easier for businesses while reducing paper-based processes and the need to call the IRS.”

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2023 Chart of Accounts for Tech Founders

Shay CPA

To help early-stage tech founders and their accountants/bookkeepers with this crucial step, we created two sample charts of accounts based on our years of experience. Here is the link to download. The chart of accounts can be imported into a brand new Quickbooks Online account by following the instructions here.

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Bookkeeping Fundamentals for Small Business Owners

DuctTapeMarketing

Xendoo is an online accounting and bookkeeping service dedicated to small business owners. They’ll partner you with a dedicated accounting team and provide three simple monthly rates that include your bookkeeping, sales tax, planning support, corporate tax return, and unlimited access to your dedicated CPA team.

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Announcing Xero Go: Our new app for UK-based sole traders

Xero

Along with helping sole traders streamline the manual, time-consuming elements of online accounting while being self-employed, Xero Go will empower them with the tools they need to meet digital record keeping requirements as part of the upcoming overhaul of the UK tax system: Making Tax Digital for Income Tax Self Assessment (MTD for ITSA). .

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US Mobile Adopts Digital Identity Protocols To Protect Against SIM Swap Fraud

PYMNTS

Multifactor authentication (MFA) and biometric scans are quickly becoming the norm in numerous fields, including online accounts for banks and other businesses. For more on these stories and other digital identity news items, download this month’s Tracker. More than 6.2 About The Tracker.

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Four Strategies for Leftover 529 Plan Balances

CPA Practice

A transfer keeps the money earmarked for educational purposes, but the 529 plan account owner will encounter penalties and taxes if the new beneficiary isn’t a qualified individual according to 529 plan rules. Withdrawing funds from a 529 account is a straightforward process. 529 distribution.