RogerRossmeisl

JULY 27, 2021

If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete documentation or try to create records months (or years) later. In doing so, they fail to meet the strict substantiation requirements set forth under tax law. Tax auditors are adept at rooting out inconsistencies, omissions and errors in taxpayers’ records, as illustrated by one recent U.S.

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TaxConnex

JULY 27, 2021

An exemption certificate is used to exempt an otherwise taxable transaction from sales tax. The most common exemption certificate is a resale exemption certificate (aka a resale certificate). In the absence of a valid resale certificate, an auditor is likely to assume the transaction was taxable. As a result, it’s critical for the seller to maintain copies of these resale certificates in the event of an audit.

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auditor audit Tax Sales 231

RogerRossmeisl

JULY 27, 2021

If you’re getting ready to retire, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax implications. Here’s a brief rundown of four tax and financial issues you may deal with when you retire: Taking required minimum distributions This is the minimum amount you must withdraw from your retirement accounts. You generally must start taking withdrawals from your IRA, SEP, SIMPLE and other retirement plan accounts when you reach age 72 (70½ before January 1,

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CTP

JULY 27, 2021

California Prop 19, also known as “The Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or Natural Disasters Act,” went into effect on February 16, 2021. This blog will review the three classes of people who can benefit from this legislation, as well as the strict limitations it introduces to parent-to-child property […].

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Real Estate California Tax 98

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

JULY 27, 2021

Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2021. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. Monday, August 2 Employers report income tax withholding and FICA taxes for second quarter 2021 (Form 941) and pay any tax due.

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Steve Feinberg

JULY 27, 2021

Dear Appletree Client: We want to take a few minutes to talk with you about some issues with the IRS as well as the new monthly child tax credit. Traditionally, many taxpayers use the IRS as their personal savings bank by aiming for large refunds, oftentimes being upset when they either owe money or the amount of refund is substantially less than what they expected.

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LyfeAccounting

JULY 27, 2021

“Should I have multiple LLCs for real estate investing?” Let’s talk about it. Of course, there are going to be some pros and cons of having multiple LLCs for real estate investing. So in this post, we want to just briefly answer the question, do some math and calculations with you and try our best to help you make the best decision possible.

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LSLCPAs

JULY 27, 2021

In part one, of our KPI series, we covered what KPIs (key performance indicators) are and how they guide business strategies. Now let’s take a sample KPI, break it down, and see it in action. Primary KPI = Number of Days in Accounts Receivable The number of days in Accounts Receivable affects your cash flow—and. The post KPIs (key performance indicators) in Action appeared first on LSL CPAs.

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RitaKeller

JULY 27, 2021

“Don’t let your failures break your enthusiasm.” – Tom Bilyeu. CPAs are obsessed with not making mistakes. They strive to never make even one mistake. When it comes to compliance work for clients, they have all kinds of safety nets (review steps) to avoid mistakes. That’s a good thing. When it comes to internal operations the fear of making mistakes still applies.

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cpas 45

Withum

JULY 27, 2021

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Government 98

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.

Withum

JULY 27, 2021

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JULY 27, 2021

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JULY 27, 2021

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Withum

JULY 27, 2021

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tax planning Tax 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.