RogerRossmeisl

JANUARY 2, 2023

If you sold stock shares at a loss at the end of 2022 to offset gains that you’ve realized during 2022, it’s important to watch out for the “wash sale” rule. The loss could be disallowed Under this rule, if you sell stock or securities for a loss and buy substantially identical stock or securities back within the 30-day period before or after the sale date, the loss can’t be claimed for tax purposes.

Sales 231

Sales CPA Tax 231

MyIRSRelief

JANUARY 2, 2023

Types of IRS tax problems and how to resolve them. There are many types of IRS tax problems that individuals and businesses may encounter. Some common tax problems include: Failing to file a tax return: If you fail to file a tax return (1040, 1120, 1065, 941, etc.), you may be subject to penalties and interest on failure to file and on any unpaid taxes.

Tax 147

Tax tax return payroll tax audit 147

RogerRossmeisl

JANUARY 2, 2023

When valuing a business, recent market volatility may well translate into higher discounts for lack of marketability (DLOM) because investors generally will pay less for illiquid, risky investments. However, there’s a silver lining to economic uncertainty: It provides an opportunity for wealthy individuals to gift private business interests at significant discounts, potentially saving a substantial amount in taxes.

CPA 227

CPA Tax cpa firm 227

Intuitive Accountant

JANUARY 2, 2023

If you're still reassessing your tech alternatives after attending 'QB Connect,' Powerful Accounting's Dawn Brolin offers some tips to help give you clarity and confidence before making a move to change up your tech stack.

Account 111

Account accountant accounted 111

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

RogerRossmeisl

JANUARY 2, 2023

Socking away money in a tax-advantaged retirement plan can help you reduce taxes and help secure a comfortable retirement. If your employer offers a 401(k) or Roth 401(k), contributing to the plan is a smart way to build a substantial nest egg. If you’re not already contributing the maximum allowed, consider increasing your contribution. Because of tax-deferred compounding (tax-free in the case of Roth accounts), boosting contributions can have a major impact on the amount of money you’ll have i

CPA 222

CPA Tax Account accountant 222

CalCPA

JANUARY 2, 2023

At the end of January, CalCPA’s advocacy team will host a Legislative Summit to bring CalCPA and public policy leaders together to discuss. The post CalCPA BUZZ: Join the Legislative Summit appeared first on Hot Topics.

98

98

Patriot Software

JANUARY 2, 2023

Miles spent driving to meet clients, going to an office supply store, and depositing a customer’s check at the bank can add up. If you use a vehicle for small business purposes, you might qualify for a business mileage deduction from the IRS. You might be thinking that a business mileage deduction is only going […] Read More.

business tax 92

business tax Tax Account accountant 92

RogerRossmeisl

JANUARY 2, 2023

The biannual Association of Certified Fraud Examiners “Report to the Nations” has repeatedly concluded that the longer fraud schemes remain undetected, the greater the losses for the victimized organizations. According to the 2022 report, the average fraud lasts 12 months and leads to a median loss of $117,000. But schemes that last 25 to 36 months result in a median loss of $300,000, and if fraudsters are able to conceal their theft for five years, the median loss rises to $800,000.

CPA 130

CPA Technology 130

Intuitive Accountant

JANUARY 2, 2023

Murph has gone through the stats and wants to share the 22 most read articles from our archives during 2022.

112

112

Going Concern

JANUARY 2, 2023

Welcome to 2023! You made it! So happy to see you. Let’s see if anything happened while I was gone last week. … Wow, nothin’ huh? Alright, this news brief is going to be extra brief I guess. Deloitte has lowered its UK office temperatures by 2 degrees Celsius (35.6 degrees F) to cut costs and carbon emissions, this is expected to save £75,000 in December.

Account 84

Account accountant accounted Delaware 84

Advertiser: Paycor

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

Intuitive Accountant

JANUARY 2, 2023

Murph has gone through stats and wants to share 22 most read articles last year in the Insightful Accountant archives.

Account 91

Account accountant accounted 91

Anders CPA

JANUARY 2, 2023

To ensure the new year begins on the right foot, there are several activities that Plan Sponsors should get started on. Conducting a review to determine whether your Plan needs an audit for the past year is the first step of wrapping up the previous year while looking ahead. Completing this straightforward yet crucial step early ensures you’ll be able to locate an auditor who can complete the audit on time, saving you undue stress as important deadlines loom.

audit 52

audit auditor CPA Start-ups 52

Intuitive Accountant

JANUARY 2, 2023

The IRS has issued another last minute pronouncement—this one just before year's end. The relief involves 'temporary US Taxpayer Identification Numbers' for non-US banks with American citizen account holders not reporting their US TINs.

Account 52

Account accountant accounted 52

Patriot Software

JANUARY 2, 2023

Canton, OH Patriot Software, a leading accounting software and payroll software provider, has been named a FrontRunner for Top Small Business Payroll Software by Software Advice. Software Advice helps businesses navigate the software-buying journey. Software Advice’s latest FrontRunners report evaluates user reviews and positions the top-scoring products based on their usability and customer satisfaction ratings […] Read More.

payroll 52

payroll accounting software Account accountant 52

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

Intuitive Accountant

JANUARY 2, 2023

The CEO of the Paris Love Productivity Institute sits down with Insightful Accountant Publisher Gary DeHart to discuss, among other things, why setting boundaries within your business is important.

Account 52

Account accountant accounted 52

Snyder

JANUARY 2, 2023

Congrats! You’ve finally set up your online store (are just about to do it) and are ready to receive your first sales dollars. As a responsible business owner, now you’re wondering how to choose an e-commerce payment gateway. Square Virtual Terminal is a great option for businesses looking to accept credit card payments, but there are several other options for business owners to consider.

E-commerce 52

E-commerce quickbooks Technology accounting and finance 52

Accounting Today

JANUARY 2, 2023

Account 102

Account accountant accounted 102

Intuitive Accountant

JANUARY 2, 2023

To help kick off the New Year, Liz Scott explains why Quickbooks Online Advanced provides all the tools you need.

quickbooks 52

quickbooks 52

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

Technology

Accounting Today

JANUARY 2, 2023

Account 102

Account accountant accounted 102

Canopy Accounting

JANUARY 2, 2023

What is Effective Tax Administration?

Tax 52

Tax 52

Going Concern

JANUARY 2, 2023

While the PCAOB has been on a mission to scare the pants off of auditors everywhere in the past year with record fines and scary speeches, the Financial Accounting Standards Board took a much more chill approach to 2022. A Thomson Reuters piece published last week informs us that FASB ended the year having issued a measly six accounting standard updates — a notable decrease from the five years prior — “much to the glee of the accounting profession.” In 2021, the board iss

accounting standards 78

accounting standards corporation tax accounting and finance Alabama 78