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

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. Software development for internal* use or sale.

payroll tax 95

payroll tax payroll Tax income tax 95

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. Startup mode often ends when the first sale is made—but not always. Sometimes miscellaneous income is earned but the business continues to be in startup mode.

Start-ups 52

Start-ups payroll tax payroll Tax 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. .

tax consultant 103

tax consultant Tax tax return business tax 103

MyIRSRelief

MAY 15, 2024

Understanding the Importance of Maintaining Tax-Exempt Status One of the primary concerns for any nonprofit is maintaining its tax-exempt status under IRC Section 501(c)(3). This status exempts nonprofits from federal income tax on their earnings related to their exempt purpose. and foreign tax laws. A : Not quite!

Tax 130

Tax payroll tax payroll tax preparation 130

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

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

income tax financial statements Tax accounting standards 95

inDinero Tax Tips

APRIL 20, 2021

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. The amount of franchise tax and how each state calculates the tax varies. Businesses incorporated and operating in Delaware must file an annual report and pay a franchise tax and a corporate income tax.

Delaware 64

Delaware Wyoming Nevada Oregon 64

inDinero Accounting

JANUARY 9, 2023

By the end of this post, you’ll better understand what a startup accountant should do, so when the time comes to hire one, you’ll know all the right questions to ask. What Makes Accounting Services for Startups Different? When it comes to number of employees, sales, and market share, startups look an awful lot like small businesses.

Account 52

Account accountant accounted accrual accounting 52

inDinero Accounting

JANUARY 9, 2023

By the end of this post, you’ll better understand what a startup accountant should do, so when the time comes to hire one, you’ll know all the right questions to ask. What Makes Accounting Services for Startups Different? When it comes to number of employees, sales, and market share, startups look an awful lot like small businesses.

Account 52

Account accountant accounted accrual accounting 52

inDinero Accounting

JUNE 24, 2021

Freshbooks outlines the three formulas used to calculate net income on a multi-step income statement : The multi-step income statement uses three different accounting formulas to arrive at the net income: 1. GROSS PROFIT = NET SALES – COST OF GOODS SOLD. OPERATING INCOME = GROSS PROFIT – OPERATING EXPENSES.

Non-Profits 75

Non-Profits financial statements accounts payable accounting and finance 75