Sun.Feb 26, 2023

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May 15 Tax Deadline Extended to October 16 for California Disaster Area Taxpayers

RogerRossmeisl

As reported in IR-2023-33 on 2/24/2023 Disaster-area taxpayers in most of California now have until October 16, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service announced last Friday. Previously, the deadline had been postponed to May 15, 2023 for these areas. The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA) in on the page entitled California Severe Winter Storms, Flooding, Lan

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QBO Monday Minute: Color Schemes in QuickBooks Desktop

Insightful Accountant

Internationally renowned ProAdvisor Esther Friedberg Karp shares an oldie, but a goodie, with her deep dive into the overall QuickBooks Desktop color scheme, as well as one for individual balance sheet account registers.

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Do You Run a Business from Home? You May be Able to Deduct Home Office Expenses

RogerRossmeisl

Many people began working from home during the COVID-19 pandemic — and many still work from their home offices either all the time or on a hybrid basis. If you’re self-employed and run your business from home or perform certain functions there, you might be able to claim deductions for home office expenses against your business income. There are two methods for claiming this tax break: the actual expense method and the simplified method.

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Survey: Global Economy Subdued with Weaknesses Persisting

Insightful Accountant

The latest economic conditions report from ACCA and IMA paints a picture of a steady but weak global economy; North American confidence continues recovering from Q2 blow.

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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There Still May be Time to Make an IRA Contribution for Last Year

RogerRossmeisl

If you’re getting ready to file your 2022 tax return, and your tax bill is higher than you’d like, there may still be an opportunity to lower it. If you’re eligible, you can make a deductible contribution to a traditional IRA right up until this year’s April 18 filing deadline and benefit from the tax savings on your 2022 return. Rules for eligibility You can make a deductible contribution to a traditional IRA if: You (and your spouse) aren’t an active participant in an employer-sponsored retire

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Hurwitz Tax Solutions: Canopy’s Collections Workflow Reduces Paperwork Anxiety

Canopy Accounting

"Everyone is so computer savvy these days. When my clients sit down to fill out the survey on Canopy, it feels easier." — Lewis Hurwitz, of Hurwitz Tax Solutions. Background The volume of paperwork that goes with tax resolution can put a strain on client relationships—especially when they’re already being bombarded and overwhelmed by the IRS. But Hurwitz Tax Solutions is using Canopy to put clients at ease and make the whole process less stressful.

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Dext @ QuickBooks Connect 2022

Insightful Accountant

Check out how the cloud-based software provides accounting solutions and online bookkeeping to help you be more productive and save time on your day-to-day tasks.

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Guideline @ QuickBooks Connect 2022

Insightful Accountant

See how the full-service 401(k) plans make it easier and more affordable for smaller businesses to offer their employees retirement benefits.

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AICPA & CIMA Sponsor Inaugural 'IFRS Sustainability Symposium'

Insightful Accountant

The event marked progress on global standards related to sustainability disclosures for investors.

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