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Should Tax Planners Work with Family Offices? How Family Offices Work

CTP

In recent years, tax planners have increasingly been recruited to work alongside family offices. Many large CPA firms offer financial advisory services including family office services for high-net-worth families. Adding a knowledgeable tax planner to their team can greatly increase the value the firm provides its clients.

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Sales tax and M&A: Don't wait until it's too late

TaxConnex

But sometimes, the deal is held up for various reasons – including sales tax exposure within the company being acquired. But many business owners have been gut-punched during due diligence when an unanticipated sales and use tax? This could all be avoided if founders know their potential risk with sales and use tax?beforehand

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How to Use ChatGPT to Analyze Financial Statements

CPA Practice

AI tools like ChatGPT can be used to streamline financial statement analysis and other client accounting service tasks. Here’s an example of what it can do with an income statement. Last, make sure you understand the full terms of service, privacy issues, copyright issues, and other legal ramifications of using AI output.

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RoC Imposed Hefty Penalties on the Company and Directors for Failure to Mention DIN on the Financial Statement 

VJM Global

During verification, it was observed that in the Financial statements of the company for 2016-17, 2017-18, and 2018-19, the directors did not mention DIN under their signatures. The RoC imposed a penalty of INR 18,00,000/- (INR 6,00,000/- per year) on company directors for failure to mention DIN on Financial statements.

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Understanding IRS Offers in Compromise and the Impact of Dissipated Assets

MyIRSRelief

Navigating the complexities of tax liabilities can be daunting for many taxpayers. One of the avenues available for those struggling with significant tax debt is the IRS Offer in Compromise (OIC) program. Purpose of the Transaction: The IRS examines whether the transaction was conducted to avoid paying taxes or for legitimate reasons.

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Financial vs Tax Accounting

SMBAccountant

One type of accounting that is well-known is tax accounting. According to Investopedia, tax accounting is “a structure of accounting methods focused on taxes rather than the appearance of public financial statements”. Tax accounting applies to individuals, businesses, and corporations.

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Top Remote Tax and Accounting Candidates of the Week | June 5, 2025

Going Concern

If your firm or internal team is having a tough time sourcing qualified remote tax and accounting professionals, you’re not alone—and you’re not out of options. Whether you’re looking for talent in tax, audit, accounting, or project-based roles, we’ve got candidates worth your time. We’ve Got You Covered.