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Emerging Company M&A: Pre-Sale Accounting Best Practices for Buyers and Sellers

CPA Practice

Sidestepping consequential financial accounting and reporting pitfalls is one way to do just that. Watch out for deferred revenue and the corresponding accounts receivable balances — Many startups, especially SaaS companies, operate on a subscription model.

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Tax Fraud Blotter: Getting personal

Accounting Today

After not filing income tax returns for many years, in 2015 Edwards filed returns for 2009 through 2013 and later filed a return for 2017. million in taxes. He did not pay the taxes nor the interest and penalties assessed. Leard used funds in her business bank account to purchase approximately $3.5 million.

Tax
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UHY Adds Flynn & Co. in Ohio

CPA Practice

in Ohio The top 30 accounting firm has its first location in Ohio after merging in Cincinnati-based CPA firm Flynn & Co. in Ohio The top 30 accounting firm has its first location in Ohio after merging in Cincinnati-based CPA firm Flynn & Co. Since 1994, Flynn & Co.

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The R&D Tax Credit and Payroll-Tax Offset Swirl: It’s A Tax Treat for Qualified Small Businesses

inDinero Tax Tips

If that sounds like your business, the R&D tax credit and the payroll tax offset should absolutely be part of your tax strategy. The R&D tax credit wasn’t always available to small businesses. Until 2015, the credit had been subject to renewal by Congress, making it less reliable as a tax strategy.

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Nonprofit 990 Tax Compliance: Navigating Challenges with an Enrolled Agent

MyIRSRelief

Handling Volunteer Labor and Related Issues Nonprofits often utilize volunteers, but this can lead to tax-related complexities, particularly concerning reimbursement and compensation. Common 990 Compliance Issues: preparation & planning Misclassification of volunteers as employees, leading to potential payroll tax liabilities.

Tax
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Commingling Funds: How to Address the Problem and Avoid It in the Future

inDinero Tax Tips

A Loan From the Company to You Fringe benefits may be the easiest way to deal with commingled funds, but they come with a significant drawback: The spending will now be counted as income, subject to income and payroll tax. The gross amount of the bonus and proper payroll taxes and withholdings will be spent.

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Unity Business Advisors: Transforming Client Satisfaction with Canopy

Canopy Accounting

They offer a wide range of services, including small business financial accounting, tech services, profit and loss statements, payroll, tax planning, and tax advisory. The firm comprises 15-18 team members in the Lynnwood office and is supported by an outsourced team.