TaxConnex

FEBRUARY 24, 2022

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

Sales 193

Sales Tax tax return payroll 193

SMBAccountant

MAY 17, 2024

It will also have tax implications and different regulatory compliances the business will have to follow. In a lot of cases, you will need to complete tax registration to obtain an Employer Identification Number (EIN) from the IRS. Establish a system for collecting and remitting sales tax if required.

accounting software 130

accounting software Legal tax return financial statements 130

MyIRSRelief

MARCH 15, 2023

As a trucker, filing taxes can be a daunting task. The paperwork, deadlines, and complex tax laws can leave you feeling overwhelmed and uncertain about your tax obligations. However, failing to file your taxes can have severe consequences, including back taxes, penalties, and even legal action.

tax accountant 130

tax accountant Tax bookkeeping Account 130

Basis 365

FEBRUARY 15, 2023

Bookkeepers' duties vs. Tax Accountants Bookkeeping duties A bookkeeper's responsibility is to keep track of your company's daily transactions, preferably in an accounting program like Xero or QBO. This will allow you and your accountant to make better financial decisions. Why not hire bookkeepers and tax accountants for the year?

bookkeeping 97

bookkeeping tax accountant Tax Account 97

Withum

AUGUST 11, 2022

Payroll Audit Basics for Trustees. Payroll compliance audits perform a central role in this regard. Level Playing Field: payroll audits help trustees differentiate problematic employers from the rest. In these cases, they should direct the payroll auditor to test employers with known or suspected delinquency issues.

payroll 64

payroll audit auditor general ledger 64

ThomsonReuters

JULY 6, 2023

Tax teams prepare tax provisions by gathering data, performing calculations, and entering the results into forms. However, corporate tax teams find it difficult to automate this process. What are the benefits of tax provision software? How can tax provision APIs streamline calculations?

Tax 92

Tax general ledger corporation tax audit 92

CPA Practice

DECEMBER 13, 2023

Tax season can be exhilarating for its intensity but stressful if your firm has all its balls in one court. Diversifying with tax-adjacent advisory services can add value to your existing clients, build recurring revenue streams and increase the likelihood of your tax clients returning next season. By Alex Loewenstein.

Tax 106

Tax tax preparation managerial accounting bookkeeping 106

SMBAccountant

DECEMBER 21, 2022

Auditors provide opinions on the accuracy and reasonableness of financial statements. Forensic accountants research financial transactions to uncover fraud. Tax accountants specialize in IRS law and completion of tax returns. Tax accountants specialize in IRS law and completion of tax returns.

bookkeeping 130

bookkeeping managerial accounting Account accountant 130

Going Concern

MAY 23, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires.

Real Estate 57

Real Estate Account accountant accounted 57

CPA Practice

SEPTEMBER 5, 2023

IRIS Software Group (IRIS), a global provider of professional accounting and payroll solutions, has launched its new IRIS Outsourcing for accounting firms in the Americas market.

Account 98

Account accountant accounted payroll 98

xendoo

FEBRUARY 15, 2022

If you own a business or earn a significant income, you may be wondering how to manage your tax situation and how much a tax consultant costs. There is a lot to consider when weighing the costs and benefits of hiring a tax consultant. A tax consultant can help with any of these issues. What Does a Tax Consultant Do?

tax consultant 103

tax consultant Tax tax return business tax 103

Snyder

OCTOBER 30, 2022

Taxes add a big chunk to this plate. Tax filing deadlines and taxes themselves become a really big deal for e-commerce business owners, adding even more stress to their busy lives. But is there a way to escape tax filing season disturbance? How much do small businesses pay in taxes? How to file income tax?

tax preparation 98

tax preparation E-commerce Tax income tax 98

Anders CPA

AUGUST 23, 2022

This act aims to combat climate change, make health care and prescription drugs affordable and raise the tax on wealthy corporations. 15% Corporate Alternative Minimum Tax. This provision is set to take effect for tax years beginning after 2022 and is similar to the provision that was proposed in the Build Back Better Act.

Tax 98

Tax Real Estate payroll tax payroll 98

Going Concern

SEPTEMBER 25, 2023

In that capacity, Urban was responsible for maintaining the company’s general ledger, preparing financial statements, and reconciling the company’s accounts payable and receivable and bank statements. His actions undermined the integrity of the tax profession and caused detriment to his clients and the ATO.” “We

tax preparation 92

tax preparation Gambling Account accountant 92

CPA Practice

NOVEMBER 14, 2023

Features include automated bank feeds, bank reconciliation, financial statements, 1099 tracking, and a seamless transition to tax preparation. New discounts and benefits for full-service accounting firms that also use Intuit ProConnect Tax. Learn more about QuickBooks Ledger.

quickbooks 119

quickbooks E-commerce Approval Workflows Account 119

CPA Practice

JANUARY 2, 2024

PKF Mueller Joins Cherry Bekaert to Expand Chicago Market Reach Cherry Bekaery, an assurance, tax and advisory firm, recently completed an acquisition transaction with PKF Mueller , a full-service certified public accounting and business advisory firm located in the metropolitan Chicago area.

Illinois 115

Illinois Pharmaceutical E-commerce audit 115

MyIRSRelief

JULY 3, 2023

Contact us for professional tax help today! During an ERC audit, the IRS reviews the business’s records, including payroll records, tax returns, and supporting documentation related to ERC claims. Understanding ERC IRS Audits 1.1 What is an ERC IRS Audit? ERC IRS Audit Process 2.1 What Happens During an ERC Audit?

audit 130

audit North Carolina Oklahoma Ohio 130

ThomsonReuters

OCTOBER 24, 2023

Data is king in today’s fast-paced world of finance and tax. Yet, for many companies, the journey of data from disparate sources to financial close, tax returns, and reporting can be torturous. Fortunately, tax departments are not powerless. accounting software, payroll, etc.) accounting software, payroll, etc.)

Technology 52

Technology Tax corporation tax accounting and finance 52

Basis 365

JUNE 29, 2023

A bookkeeper is responsible for maintaining accurate and up-to-date financial records for a business. They record transactions, reconcile accounts, and generate financial statements. In addition, bookkeepers typically handle day-to-day financial tasks such as invoicing, accounts payable, and accounts receivable.

bookkeeping 90

bookkeeping accounts payable basic accounting accounting and finance 90

Ronika Khanna CPA,CA

MAY 5, 2024

Although a good bookkeeper can be invaluable, It has become fairly easy for business owners and their support staff to take on the responsibility of entering day to day transactions while they employ accountants for the more complex aspects of their accounting and tax. Shareholder loan accounts only apply to corporations.

income tax 98

income tax Account accountant accounted 98

SMBAccountant

NOVEMBER 21, 2022

Financials statements and performance are no different. If incorrect or inaccurate data is used or missing, the financial performance and indicators used to determine success, value, creditworthiness, and financial viability are also not correct. An owner wants to do some tax planning. Permalink

Account 130

Account accountant accounted bookkeeping 130

Withum

MAY 15, 2024

Now that the ink has dried on your corporate tax return, it is time to consider your next important tax filing. Recently, the requirement that determines when audited financial statements are required changed. First, have you adopted amendments for all recent tax law changes? Who is monitoring this?

audit 78

audit financial statements tax return corporation tax 78

Shay CPA

DECEMBER 7, 2022

Before you shut down your tech company, you need to take some final tax steps. . We’ve seen founders left holding the bag in resolving tax issues, even years after they thought they had closed their companies. Sales tax accounts. State franchise and income tax accounts. You’re not there yet, though. Workers’ compensation.

tax accountant 59

tax accountant Tax tax return Account 59

Going Concern

MAY 16, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires.

Real Estate 57

Real Estate Account accountant accounted 57

Basis 365

SEPTEMBER 5, 2022

It is possible to find an experienced professional to perform the task because US and global standard exists for reporting and processing all financial statements. The size of your business and whether you have an accountant who can handle your books and file your taxes will determine the services you require.

Account 97

Account accountant accounted Non-Profits 97

Snyder

AUGUST 12, 2022

Both bookkeepers and accountants work with your finances, both help make your tax reporting a smooth experience. An accountant will analyze this data, do reporting, give you financial advice, and offer you tax processing services. Bookkeepers provide an essential insight into the financials of the company.

bookkeeping 98

bookkeeping Account accountant accounted 98

Snyder

DECEMBER 28, 2022

Many small business owners often feel like they might be a heartbeat away from the IRS tax audit. percent of small businesses are getting tax audited. What’s interesting is that the less income you have, the higher the chance of a tax audit. What is a tax audit? Meeting a tax auditor is as frightening as meeting a ghost.

audit 98

audit Tax tax return auditor 98

ThomsonReuters

FEBRUARY 28, 2024

Her firm is also staffed by four full-time employees and a few part-time positions that are outsourced. “I view the tax firm as my own Google experiment,” Shaul says. “I Clients were now offered bundled service packages which included quarterly or monthly financial statements and applicable payroll services.

cpa firm 98

cpa firm CPA Non-Profits financial statements 98

SkagitCountyTaxServices

MAY 23, 2024

So, what’s ahead for your business financially? Sure, accountants can handle the tax prep you dread, but there is actual value in leaning on one outside of tax season as well. A good accountant works year-round to decipher complex tax codes and financial reports and translate them into actionable tasks.

Account 71

Account accountant accounted accounting and finance 71

CPA Practice

JUNE 20, 2023

Is it tax firms only, or, do firms who do CAS (with or without Payroll) need to comply as well? All firms who provide tax prep services for their clients are subject to both because providing paid tax preparation services is called out specifically in both publications.

payroll 98

payroll CPA tax preparation auditor 98

inDinero Accounting

JUNE 29, 2023

Its purpose is to ensure that financial statements provide an accurate and transparent view of the company’s financial condition and operations. The primary purposes of GAAP are to ensure consistency, transparency, comparability, and accuracy in preparing financial statements.

accrual accounting 98

accrual accounting accounting principles accounts payable accounting standards 98

Shay CPA

MARCH 22, 2023

As part of the Tax Cuts and Jobs Act (TCJA), there was a change to Section 174 that directly impacts the R&D tax credit many startups take. As a result, this change affects your 2022 tax filings. Additionally, if you live in a state that imposes a Capital Base Tax (e.g., New York), this also impacts that base rate.

Tax 52

Tax accounting principles accounting and finance income tax 52

Reckon

APRIL 6, 2024

This can include payroll, reconcilliation, cash flow reporting, GST and (if qualified) BAS. They also provide tax advice, undertake compliance work, produce financial statements and income tax returns. An accountant goes further and creates insights and deeper recommendations and analysis based on this data.

bookkeeping 52

bookkeeping Account accountant accounted 52

Reckon

JANUARY 23, 2024

When it comes time to calculate expenses, identify cash flow, undertake basic bookkeeping, calculate GST , or do your taxes, you’ll be in a world of strife if you muddle up personal and business finances. It will be a huge task to even know what your true financial position is. If you have employees, set up a payroll system.

Finance 52

Finance accounting and finance bookkeeping accounting software 52

MyIRSRelief

APRIL 3, 2023

Here are some ways an accountant can help small business owners: Bookkeeping and Accounting Services: An accountant can assist with bookkeeping and accounting tasks, such as recording transactions, reconciling accounts, and producing financial statements. Contact us today for all you tax and accounting needs.

Account 130

Account accountant accounted accounting and finance 130

Going Concern

MAY 2, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires.

Real Estate 57

Real Estate Account accountant accounted 57

Xero

MAY 31, 2022

A new look for the employee list page in Xero Payroll (Australia). Cash out paid leave and leave loading in Xero Payroll — Australia. Payroll admins can now do this the same way you add a regular leave request in Xero Payroll (not available via XeroMe or MyPayroll). Map incomplete tax rates in Xero — Canada.

tax return 101

tax return payroll accounting apps Tax 101