SMBAccountant

MARCH 8, 2023

Some responsibilities of tax accountants include: Preparing federal and state income taxes Calculating and filing property taxes, sales taxes, and licenses Preparing and filing 1099 forms Assisting with tax audits or legal disputes The second type of accounting is financial accounting.

tax accountant 130

tax accountant Tax Account accountant 130

CPA Practice

MARCH 20, 2024

The Securities and Exchange Commission has accepted the 2024 GAAP Financial Reporting Taxonomy (GRT) and the 2024 SEC Reporting Taxonomy (SRT), collectively known as the “ GAAP Taxonomy ,” the Financial Accounting Standards Board (FASB) said on March 19. In addition, the FASB finalized the 2024 DQC Rules Taxonomy (DQCRT).

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CPA Practice

MARCH 14, 2023

This article will provide a general overview of the current reporting requirements for foreign financial assets on the Report of Foreign and Financial Accounts (“FBAR”) and on Form 8938 under the Foreign Account Compliance Act (“FATCA”). person concerning that account or has any signatory authority over the account.

income tax 125

income tax tax return Tax financial accounting 125

CPA Practice

APRIL 14, 2023

The Financial Accounting Standards Board (FASB) issued a new standard on March 29 that will allow reporting entities to consistently account for equity investments made primarily for the purpose of receiving income tax credits and other income tax benefits. Accounting Standards Update (ASU) No.

income tax 52

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CPA Practice

APRIL 13, 2023

The Financial Accounting Standards Board (FASB) issued a new standard on March 29 that will allow reporting entities to consistently account for equity investments made primarily for the purpose of receiving income tax credits and other income tax benefits. Accounting Standards Update (ASU) No.

income tax 52

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CPA Practice

DECEMBER 19, 2023

The Financial Accounting Standards Board (FASB) on Dec. 18 released the following taxonomies for 2024: GAAP Financial Reporting Taxonomy (GRT), SEC Reporting Taxonomy (SRT), and DQC Rules Taxonomy (DQCRT).

accounting principles 111

accounting principles accounting standards income tax Tax 111

ThomsonReuters

DECEMBER 11, 2023

Accounting for tax equity investments Implementing ASU 2023-02 Accounting professionals with equity investor clients who are involved with projects to receive income tax credits and other income tax benefits need to have a clear understanding of the proportional amortization method (PAM), especially in light of recent changes.

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inDinero Tax Tips

MARCH 2, 2023

Bitcoin Tax Rate: What You Need to Know As the popularity of cryptocurrency grows, so does the scrutiny of tax authorities. The Bitcoin tax rate depends on the holding period of the cryptocurrency and the taxpayer’s income tax bracket. Do You have to pay taxes on cryptocurrency gains?

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Cherry Bekaert

FEBRUARY 12, 2024

The Financial Accounting Standards Board (FASB) released final guidance regarding income tax disclosures on December 14, 2023. Accounting Standards Update No. 2023-09 (ASU 2023-09) applies to all entities subject to income taxes and is intended to enhance the transparency and usefulness of income tax disclosures.

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ThomsonReuters

OCTOBER 12, 2023

Paying taxes on money earned abroad Avoiding double taxation Helping clients who live abroad with their taxes U.S. income tax returns, just like individuals living in the United States. However, the tax obligations for expats can be different and more complex due to their international status. tax return.

Tax 75

Tax tax return income tax tax preparation 75

CPA Practice

DECEMBER 19, 2023

The Financial Accounting Standards Board (FASB) released what is likely to be its last proposed Accounting Standards Update (ASU) of 2023 on Tuesday, focused on improving the application and relevance of accounting guidance related to induced conversions of convertible debt instruments.

accounting standards 52

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Cherry Bekaert

APRIL 26, 2024

The Financial Accounting Standards Board (FASB) issued two Accounting Standard Updates (ASUs) in the first quarter of 2024. The Government Accounting Standards Board (GASB) did not issue any new GASB Statements in the first quarter of 2024. However, FASB Concepts Statements are nonauthoritative.

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inDinero Tax Tips

APRIL 11, 2023

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. Delaware is considered “the place” to establish your corporate entity as there’s no Delaware sales tax. Delaware offers perhaps the most favorable tax treatment to businesses. Historically, in the U.S.,

Delaware 52

Delaware Nevada Tax Sales 52

inDinero Tax Tips

MARCH 2, 2023

Bitcoin Tax Rate: What You Need to Know As the popularity of cryptocurrency grows, so does the scrutiny of tax authorities. The Bitcoin tax rate depends on the holding period of the cryptocurrency and the taxpayer’s income tax bracket. Do You have to pay taxes on cryptocurrency gains?

Tax 52

Tax income tax South Dakota tax return 52

ThomsonReuters

OCTOBER 12, 2023

Jump to: What is foreign income? How to report foreign income What is Form 1099-DIV? Tax implications for owning property abroad What is FATCA? Helping clients with foreign income tax forms For U.S. citizens living abroad or earning income from foreign sources, questions often arise on how the U.S.

Tax 40

Tax tax return income tax Real Estate 40

ThomsonReuters

OCTOBER 12, 2023

person holding an interest in specified foreign financial assets with an aggregate value exceeding $50,000 at the end of the tax year or $75,000 at any time during the tax year is required to report these assets on Form 8938. It is filed with their annual federal income tax return if they meet certain criteria.

Real Estate 40

Real Estate tax return Tax tax preparation 40

ThomsonReuters

FEBRUARY 8, 2024

Accounting assumptions form the foundation upon which GAAP can be applied; therefore, the two are closely related. In other words, the assumptions are the basis for all accounting principles. Blog Guide to accountant responsibilities : from practice areas to job duties to AI changing the profession.

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inDinero Tax Tips

MARCH 3, 2021

Using your entity type, you can identify your deadline for filing business income taxes and what it would be if you elect to take advantage of the extension, which needs to be filed before the original tax deadline date. What partnerships and S corps cannot overlook by their tax deadline.

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business tax Tax income tax tax return 59

Withum

OCTOBER 11, 2023

Even more of the TCJA provisions expire in 2026, including the elimination of the pass-through (199A) deduction and an increase in the top individual income tax rates to 39.6%. In addition, the IRS requested comments for additional examples of costs that should not be considered software development.

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CPA Practice

OCTOBER 11, 2023

A federal jury convicted Gyetvay in March 2023 of failing to file a Report of Foreign Bank and Financial Accounts (FBAR), making a false statement to the IRS and willfully failing to file tax returns.

Tax 105

Tax Florida tax return CPA 105

inDinero Tax Tips

MAY 21, 2021

Even the recent Tax Cuts and Jobs Act (TCJA) legislation retained the provisions on R&D. All this to say, your company should include R&D credit in its tax strategy, if possible. Misconception #3: I don’t owe federal income taxes so it wouldn’t do much for me anyway. How do you claim the R&D credit?

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inDinero Tax Tips

JUNE 12, 2023

Having an experienced tax expert on your side is best for this approach. If you’d like to outsource the tedium of this task while avoiding payroll and income tax along the way, indinero’s online bookkeeping services are here to help. You should consult appropriate professionals for advice on your specific situation.

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payroll tax payroll bookkeeping services Tax 97

FraudFiles

JANUARY 26, 2022

Gather and secure as much financial documentation as possible. Any financial documents in the residence should be copied and put in a secure place outside the home. Beneficiaries for retirement accounts, life insurance policies, and other financial accounts should be changed.

Real Estate 52

Real Estate accounting and finance income tax tax return 52

xendoo

FEBRUARY 15, 2022

If your situation requires specialized knowledge about tax codes, fees are usually commensurate with qualifications. What Does a Tax Consultant Do? A tax consultant is trained in tax law and financial accounting. They also should know recent tax law changes on both a federal and state level. .

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tax consultant Tax tax return business tax 103

inDinero Tax Tips

DECEMBER 18, 2020

However, the tax rules for startup costs can make a grown man cry. And maybe you can save a few dollars of income taxes along the way. It’s commonly known, when it comes to taxes, you can’t always get what you want— but with the help of the inDinero tax team —you can get what you need.

Start-ups 52

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ThomsonReuters

JANUARY 18, 2024

CPA responsibilities to clients As a trusted advisor in an increasingly complex financial landscape, certified public accountants (CPAs) have significant responsibilities for the services they provide to their clients.  However, there are several important developments to be aware of as the industry continues to evolve.

Account 59

Account accountant accounted tax preparation 59

ThomsonReuters

FEBRUARY 1, 2024

And how can accounting professionals stay up to date with GAAP standards? What are the GAAP accounting rules? For instance, Thomson Reuters Checkpoint Catalyst: US GAAP and GAAP Reporter , both available on Checkpoint, are updated with summaries within days of the FASB issuing an Accounting Standards Update or an Exposure Draft.

Non-Profits 52

Non-Profits accounting standards Maine accounting and finance 52

Going Concern

APRIL 15, 2022

Accounting watchdog investigates Deloitte over Go-Ahead audits [ The Guardian ] One of the UK’s biggest accounting firms, Deloitte, is under investigation by regulators for its audits of Go-Ahead, after the bus and rail operator was embroiled in a scandal for wrongly withholding £50m of taxpayers’ money.

accounting firms 52

accounting firms audit Account accountant 52

Cherry Bekaert

JULY 20, 2023

The Financial Accounting Standards Board (FASB) has issued only two new Accounting Standard Updates (ASUs) and the Government Accounting Standards Board (GASB) has not issued any new GASB Statements in 2023. Substantially all of the projected benefits are from income tax credits and other income tax benefits.

income tax 75

income tax Legal accounting and finance Tax 75

Cherry Bekaert

JANUARY 29, 2024

The Financial Accounting Standards Board (FASB) issued nine Accounting Standard Updates (ASUs), and the Government Accounting Standards Board (GASB) issued only one new GASB Statement in 2023. The latest issue of the Rundown features a summary of the new standards issued in the fourth quarter 2023.

income tax 95

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Cherry Bekaert

FEBRUARY 8, 2023

The Financial Accounting Standards Board (FASB) issued only six new Accounting Standard Updates (ASUs) and the Government Accounting Standards Board (GASB) issued only three new GASB Statements in 2022. Standard setters were relatively inactive this past year.

Non-Profits 40

Non-Profits income tax Government Account 40

inDinero Tax Tips

APRIL 20, 2021

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. To compete for business tax income with New Jersey and New York, Delaware made incorporating within its borders easier for absentee (aka out-of-state) companies and incentivized absentee companies to do so.

Delaware 64

Delaware Wyoming Nevada Oregon 64

CPA Practice

OCTOBER 20, 2023

Organizations are increasingly required to adopt sustainability at the heart of their business practices and strategies, which calls for a broader set of financial accounting skills focused on environmental, social and governance (ESG) reporting.

audit 52

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CPA Practice

OCTOBER 19, 2023

Organizations are increasingly required to adopt sustainability at the heart of their business practices and strategies, which calls for a broader set of financial accounting skills focused on environmental, social and governance (ESG) reporting.

audit 52

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inDinero Accounting

JANUARY 9, 2023

As a result, the first few years may see negative returns, and hence no income tax liability. However, this doesn’t mean you shouldn’t concern yourself with taxes. First of all, there are many other taxes – such as payroll tax, property tax, sales tax, and excise tax – to worry about.

Account 52

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inDinero Accounting

JANUARY 9, 2023

As a result, the first few years may see negative returns, and hence no income tax liability. However, this doesn’t mean you shouldn’t concern yourself with taxes. First of all, there are many other taxes – such as payroll tax, property tax, sales tax, and excise tax – to worry about.

Account 52

Account accountant accounted accrual accounting 52

inDinero Accounting

JUNE 24, 2021

Income taxes paid. The direct method culls data directly from business transactions recorded in specific accounts rather than from the balance sheet or income statement. What is the indirect method of accounting for cash flow? We can handle your financial statements. Interest and dividends received.

Non-Profits 75

Non-Profits financial statements accounts payable accounting and finance 75