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Using an Income Tax Preparation Service: Is It Worth the Cost?

MyIRSRelief

When it comes to tax season, many people are faced with the decision of whether to prepare their own taxes or use an income tax preparation service. While it may seem like an added expense, there are many benefits to using a professional tax preparation service that make it well worth the cost.

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CPE Webinar September 12, 2023: Cybersecurity for the Tax Practitioner

CPA Practice

She returned to school to study accounting at Illinois State University, earned her CPA, and worked for Deloitte in Chicago for several years as a state and local tax accountant. She has taught introductory accounting and personal finance courses, and she is a former computer applications instructor at the Indiana CPA Society.

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SECURE Act 2.0 Provisions Coming in 2024 and Beyond – What Plan Sponsors Can Do Now

Anders CPA

Plan sponsors must educate themselves on the upcoming changes to ensure they are prepared to remain compliant with new regulations. Qualified student loans include any indebtedness incurred by an employee solely to pay qualified higher education expenses. Some SECURE Act 2.0 Key Takeaways: Many changes enacted by SECURE Act 2.0

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Top Remote Accounting Freelancers of the Week: November 16, 2023

Going Concern

Top Freelance Accounting Candidates of this week: PT/FT Tax Contractor | Candidate ID #F19022786 Years of tax experience: 6 years of tax experience Hours available per week: 20-40 Tech Stack: ProConnect, Pro-Series, UltraTax and Go and Pro System Prefer Individual or Business Clients: no preference Business Return Experience: most comfortable with (..)

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20 Small Business Tax Deductions You Need to Know

xendoo

A tax deduction and tax credit can both save you money on taxes, but they are different terms. . Tax deductions can lower the amount of taxable income. For example, tax brackets–a range of annual income–are used for income tax. Education and training. Education and training .

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Nexus 101: How Remote Employees Impact Your Taxes

Shay CPA

Employment taxes based on the employee’s location Even if the employee working from across state lines doesn’t establish a sufficient nexus to subject you to, say, sales tax in that state, you probably need to consider income tax. Again, this hinges on state law, and it can get complicated.

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Last Week in Payroll: Summertime Tax Tips

ThomsonReuters

Let’s go over a few summertime tax tips for payroll professionals this season: 1) Interns. Among the book’s provisions include: (1) increasing the employer provided childcare tax credit for businesses, (2) creating a new general business credit equal to 10% of the eligible expenses paid or incurred in connection with onshoring a U.S.

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