RogerRossmeisl

DECEMBER 14, 2021

If you’re starting to worry about your 2021 tax bill, there’s good news — you may still have time to reduce your liability. Here are three quick strategies that may help you trim your taxes before year-end. 1. Accelerate deductions/defer income. Certain tax deductions are claimed for the year of payment, such as the mortgage interest deduction. So, if you make your January 2022 payment in December, you can deduct the interest portion on your 2021 tax return (assuming you itemize).

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Tax tax return CPA tax planning 240

AccountingDepartment

DECEMBER 14, 2021

Passing on the accounting and bookkeeping responsibilities of your company is a big task that requires a lot of trust as a business owner or CEO. There is no shortage of benefits that switching to a virtual accounting services provider has, but there are certain things to be aware of to weed through the options.

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bookkeeping Account accountant accounted 70

RogerRossmeisl

DECEMBER 14, 2021

The U.S. supply chain is overwhelmed and it’s expected to remain so for some time. With so many shipments tied up in ports and too few workers to watch them, cargo theft has become a significant problem. Yet theft from ports of entry isn’t the only way goods disappear. Criminals routinely target truck shipments as well. Cargo theft costs companies somewhere between $15 billion and $35 billion annually, according to the National Insurance Crime Bureau.

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Generate Accounting

DECEMBER 14, 2021

The team at Generate Accounting would like to wish all our lovely clients and suppliers a very Merry Christmas and a happy and prosperous 2022. We hope you take the time to unwind with friends and family after such an exhausting year. We will close at midday on Thursday 23rd December and reopen again on Monday 17th January. Merry Christmas and a Happy New Year to you all.

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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.

RogerRossmeisl

DECEMBER 14, 2021

Most U.S. businesses operate as so-called “pass-through” entities, including partnerships, limited liability companies (LLCs) and S corporations. For decades, the IRS and valuation professionals have been at odds over how to value pass-through businesses because of their unique tax characteristics. Taxation of pass-through entities For pass-through entities, all items of income, loss, deduction and credit pass through to the owners’ personal tax returns, and taxes are paid at the level of the in

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tax return CPA Tax 232

VJM Global

DECEMBER 14, 2021

In the matter of NIPUN A BHAGAT, PROPRIETOR OF STEEL KRAFT INDUSTRIES VERSUS STATE OF GUJARAT, (R/Special Civil Application No. 14931 of 2020), ITC of the writ applicant was blocked under Rule 86A of the CGST Act for recovery of dues outstanding under GVAT Act from the company in which writ applicant was a director. Applicant contended that Rule 86A can be invoked only if Commissioner or an officer authorized by him has reasons to believe that the credit of input tax available in the electronic

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Tax Legal income tax Manufacturing 52

VJM Global

DECEMBER 14, 2021

In the matter of Goodmatric Export Pvt. Ltd. and another Vs. Union of India and others (WRIT PETITION (ST.) NO.94899 OF 2020 dated), the petitioner’s bank accounts have been freeze at the request of the respondent on the grounds that petitioner is importing rough stones and semi-precious stones on the over-priced invoices. Bank account of petitioner was freezed for more than 12 months.

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KROST

DECEMBER 14, 2021

This is one of the articles in the KROST Quarterly Technology Issue, titled “The Effect of Upcoming Changes to IRC Section 174 on the Software Development Industry” by Guest Contributor, Tetyana Guguchkina. Research and development (R&D) and innovation have historically driven the US economy’s growth and prosperity. Recent legislation, including the Tax Cuts and Jobs Act (TCJA) and the Protecting Americans from Tax Hikes (PATH) Act, has created a favorable environment for small, mid-s

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RitaKeller

DECEMBER 14, 2021

“The first responsibility of a leader is to define reality. The last is to say thank you. In between, the leader is a servant.” – Max DePree. Accounting firms have been searching and experimenting with many ways to not only attract new talent to the firm but to also retain their valuable current team members. One firm I know closes its office between Christmas and New Year’s Day.

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cpa firm CPA accounting firms Account 45

Withum

DECEMBER 14, 2021

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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.

TaxConnex

DECEMBER 14, 2021

There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. Blue bayou: Sales tax won’t be getting simpler in Louisiana any time soon. Voters have defeated an amendment that would have authorized a new commission to work on simplified electronic filing and remittance for all the state’s many sales and use taxes (each parish currently can have their own rules and tax rates).

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Withum

DECEMBER 14, 2021

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