Anders CPA

AUGUST 30, 2022

The interim Name, Image and Likeness (NIL) Policy has opened many doors for college athletes – including the door that requires annual income tax filings for NIL deals. To deduct some of their expenses against this new form of income, many college athletes have set up LLC’s making their income reportable on Schedule C on their tax return.

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CPA Practice

SEPTEMBER 18, 2023

In 1964, he was asked by the New York State Society of CPAs to write, teach, and market the “Workshop on Individual Tax Return Preparation.” Kess wowed his audiences and kept them entertained during his two-day courses, speaking eight hours a day. His book on the 1969 Tax Reform Act sold 50,000 copies.

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KROST

MARCH 22, 2021

Generally, income tax and reporting requirements would not be reported separately. Rather, they would have been reportable on the owner’s US tax return. This doesn’t mean that the SMLLC will be taxed like a Corporation. Disregarded entities are most commonly single-member LLC (SMLLC). 9796 on December 13, 2016.

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xendoo

SEPTEMBER 10, 2021

You’ll need to partner with an online accountant who has clear experience in preparing tax returns and financial documents for companies that have a similar profile to yours. . After all, most entrepreneurs entertain dreams of growing their businesses. Tax planning. Tax preparation. Budgeting and planning.

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xendoo

NOVEMBER 1, 2021

In other words, if your home office doubles as a nursery or workout room, you’ll likely be unable to claim it as a deduction on your tax return. If you use the simplified option for claiming tax deductions, the IRS permits you to deduct $5 per square foot of office space. Tax Planning Takes Time and Xendoo Can Help.

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ThomsonReuters

FEBRUARY 8, 2022

A rise in tax regulations, globalization, an influx of innovative technologies, and a greater demand for “always on” access makes it an exciting time for tax and accounting professionals to be in business. One significant trend sweeping the tax profession is the rise of value-added services.

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Accounting Insight

FEBRUARY 27, 2023

If your target market is e-commerce businesses, you don’t want local businesses looking for a cheap tax return finding you. What you get found for is important as you don’t want non-target market clients reaching out when they’re not a good fit. This is why choosing the right keywords is essential.

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ThomsonReuters

FEBRUARY 8, 2024

LLCs are considered “pass-through entities,” which means the LLC itself does not pay federal income taxes on business income. Instead, income “passes through” to individual members of the LLC, who pay federal income tax earned from the LLC via their own individual tax returns. This is how LLCs avoid double taxation (i.e.,

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