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For tax professionals in particular, one pro tip has the potential to alleviate stress and accelerate your business growth: that is to start a joint venture. A joint venture allows you as a tax planner to focus on your strengths by coming together with a business partner who is strong in areas where you may be weaker. This symbiotic relationship can ramp up both of your businesses and reduce the frustrations that can come with trying to “do it all.”.
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We can’t wait to catch up with our amazing community in person at Xerocon New Orleans on 24 and 25 August and Xerocon Sydney on 7 and 8 September. Xerocon has been referred to as the ‘Coachella for accountants’ and is an event not to be missed if you’re looking to take your practice to the next level. . If you’re joining us, you can expect to reconnect and form new connections with the Xero team and fellow cloud accounting leaders and learn from inspirational world-class speakers on stage.
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That level being $3 billion —a first in the firm ’s 96-year, multinamed history. In its 2022 annual report , which was released earlier this week, RSM US noted that its revenue for the year ending April 30 was $3.3 billion ($3,310,265,000 according to INSIDE Public Accounting ), a 15% increase over its 2021 revenue of nearly $2.9 billion. It ’s also the last revenue announcement with Joe Adams sitting in the big chair.
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Withum’s Advisory Teams focus on modernizing IT systems, streamlining business processes, and analyzing data across the enterprise. But Withum is also a top 25 Public Accounting firm in the United States and that got us thinking. We decided to compare notes and polled several of our tax, audit, and financial support teams to identify the latest trends they are seeing within their client base and see how that stacks up with our own experience with respect to the latest data trends in the financia
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Remember how the military tried to recruit Call of Duty players to be drone pilots? Maybe the IRS can take a page from their book and convince young people there is first-person fun to be had bum-rushing naughty taxpayers’ homes. This isn’t actually from a recruiting brochure , you guys. The post The New IRS Recruiting Brochure is WILD appeared first on Going Concern.
Passed on August 16, 2022, the Inflation Reduction Act of 2022 replaces President Biden’s proposed Build Back Better Act of 2021. Government revenue will be raised by greatly increasing the IRS budget and by imposing a 15% minimum tax to corporations with income in excess of $1 billion for the 3 prior tax years. We. The post Inflation Reduction Act of 2022: How It Impacts Businesses and Individuals appeared first on LSL CPAs.
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Did your business make a donation? Are you thinking about making one? If your business is in the giving spirit and donates to a nonprofit, you need to make a donation expense journal entry. The way you record a donation expense journal entry differs depending on the types of donations you give. So, what is […] READ MORE.
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You work long hours as a small business owner. And if you have children or dependents, you might need help providing care while you work. But with 58% of families expecting child and dependent care expenses to cost more than $10,000 per year, things can add up quickly. Did you know the IRS offers some […] READ MORE.
Menzies LLP - A leading chartered accountancy firm. A Supreme Court Ruling (Harper Trust v Brazel) has clarified how holidays must be calculated for part-time workers on irregular hours where there are gaps between their periods of work. If you are using the previously recommended 12.07% calculation, you should review your approach. What has changed for part-time holiday pay?
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