ThomsonReuters

JANUARY 18, 2024

Accountant vs. CPA vs. tax preparer: What are the differences? Accountant vs. CPA vs. tax preparer: What are the differences? Accounting professionals may find that some outside of the profession do not fully understand the differences between an accountant and a tax preparer. So, what are the differences?

Account 59

Account accountant accounted tax preparation 59

ThomsonReuters

SEPTEMBER 7, 2023

Jump to: Child and dependent care credit FAQs What is kiddie tax? What is the adoption tax credit? Claiming children on taxes Choosing the best tax preparation software As all working parents know, the cost of child and dependent care can be a significant financial burden.

Tax 52

Tax income tax tax preparation tax return 52

Nancy McClelland, LLC

APRIL 9, 2024

For years, we have stressed the importance to our clients of making quarterly estimated tax payments. And unlike many tax preparers, we also do bookkeeping, accounting, and consulting for our small business owners — so we’ve also encouraged them to have us do a quarter-by-quarter calculation of how much to pay.

Illinois 52

Illinois Tax tax preparation tax return 52

ThomsonReuters

MARCH 1, 2024

To the IRS, S corporations (S corps) are considered “ pass-through entities ”, which means any deductions, losses, income, credits, and profits pass through directly to shareholders, who report their share of the business’s performance on their own personal tax returns. What IRS tax forms do S corps file?

corporation tax 52

corporation tax Tax tax return income tax 52

ThomsonReuters

NOVEMBER 15, 2023

For accountants, understanding the ins and outs of tax deductions for charitable contributions , including how to properly report monetary donations using Schedule A, is an essential part of tax planning for clients. Which donations are tax deductible? Use Schedule A Form 1040 to figure your itemized deductions.

Tax 94

Tax tax return tax planning income tax 94

LyfeAccounting

APRIL 27, 2021

But as a CPA who prepared at least hundreds of returns, we can tell you that a tax refund is usually the result of a mistake. A tax refund is a refund of the taxes you OVER paid. So in actuality, you paid more in income taxes than was necessary by law. The Child Tax Credit or CTC.

Tax 52

Tax income tax tax return accounting and finance 52

LyfeAccounting

JULY 22, 2021

What Are Property Taxes For? As you know, property taxes help to fund your local state government. It funds your police, public parks, and perhaps most importantly, your local education system. But to what extent are these property taxes just too high or too low? Nevada’s effective property tax rate is just 0.6%

South Carolina 52

South Carolina Hawaii West Virginia Delaware 52

LyfeAccounting

JULY 22, 2021

What Are Property Taxes For? As you know, property taxes help to fund your local state government. It funds your police, public parks, and perhaps most importantly, your local education system. But to what extent are these property taxes just too high or too low? Nevada’s effective property tax rate is just 0.6%

South Carolina 52

South Carolina Hawaii West Virginia Delaware 52

xendoo

NOVEMBER 23, 2020

Are you claiming all the income tax deductions you’re entitled to? Transportation expenses to and from the education venue. This deduction covers any consultants you hire in connection with running your business, including attorneys, accountants, tax preparers and advertising agencies. Home Office.

Tax 52

Tax Real Estate Education Legal 52

LyfeAccounting

JANUARY 14, 2021

When to pay quarterly tax payments. How to calculate your quarterly tax payments. How to pay quarterly tax payments. What happens if you don’t pay your quarterly tax payments. Note that this is only educational information. What are Estimated Quarterly Tax Payments? Who has to pay quarterly taxes?

Tax 52

Tax accounting and finance tax preparation income tax 52

CPA Practice

MARCH 19, 2024

Major milestones like getting married, having a child, or buying a new home are exciting events to look forward to in life, but they may also have tax implications that must be prepared for to mitigate tax surprises. It’s important to note that the latter option may come with sacrificing certain tax advantages.

Tax 52

Tax Real Estate tax preparation Education 52

CPA Practice

OCTOBER 23, 2023

Accounting firms know that offering only tax preparation services makes maintaining consistent cash flow and workloads throughout the year challenging. Tax planning and financial planning complement each other well, and your clients already need these services, but for many of them, they likely don’t know who to turn to for help.

accounting firms 105

accounting firms Account accountant accounted 105

MyIRSRelief

NOVEMBER 19, 2021

In this article we will go over 10 different tax credits that you may be able to claim in order to reduce your taxable income, and therefore the amount of taxes you owe. My name is Mike Habib and I’m here to tell you about tax credits for this year that can help save you some money. Tax credits to look out for.

Tax 100

Tax CPA Education business tax 100

Ryan Lazanis

OCTOBER 24, 2022

It takes a bit more strategy & thought than the billable hour as well as some basic education in price theory. As a simple example, this means that year-end tax return preparation fees will be billed the same way for Client A and for Client B. Likely because it’s a completely different approach.

Account 98

Account accountant accounted bookkeeping services 98

LyfeAccounting

FEBRUARY 24, 2021

The more tax deductions and credits you get, the more money you get to keep. So, hold off on filing your taxes until you’ve gone over this entire list because there are money-saving tax breaks here for everyone. 12 Best Tax Breaks To Help You Save Money. 0% Tax on Capital Gains. Let’s dive in!

Tax 52

Tax Real Estate Education Legal 52