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 246

Sales Tax tax return financial statements 246

Accounting Today

AUGUST 29, 2024

As economic conditions fluctuate and accounting standards evolve, auditors face increasing challenges in evaluating how organizations estimate and report credit losses and providing a comprehensive overview of credit loss assessment in financial statement audits.

financial statements 94

financial statements audit auditor accounting standards 94

VJM Global

JANUARY 21, 2025

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.

financial statements 52

financial statements Legal auditor Tax 52

CPA Practice

NOVEMBER 7, 2024

7 released financial information and highlighted selected accomplishments and challenges in its fiscal year 2024 Financial Report. trillion in tax revenue, collected more than $98 billion in enforcement revenue and distributed $553 billion in federal tax refunds and other outlays. The IRS on Nov.

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accounting principles financial statements Government Tax 115

Acterys

OCTOBER 20, 2024

Financial reporting provides a retrospective view of your company’s financial status. It focuses on presenting financial data clearly and in accordance with accounting standards. This process involves generating financial statements based on historical data, with an emphasis on compliance and established procedures.

financial statements 130

financial statements accounting and finance accounting standards Sales 130

Withum

JANUARY 30, 2025

Understanding the financial statement audit process and planning ahead can save time, reduce stress and ensure accurate results. In this guide, well walk through the key financial audit preparation steps, explain key differences between AICPA and PCAOB audits and provide actionable tips to streamline the external audit process.

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RogerRossmeisl

MAY 15, 2023

Valuing a business requires more effort than just plugging numbers from the financial statements into a spreadsheet or artificial intelligence software program. Financial statements, tax returns and marketing materials tell only part of the story.

tax return 242

tax return financial statements CPA Retail 242

SMBAccountant

MARCH 8, 2023

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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tax accountant Tax Account accountant 130

MyIRSRelief

MAY 16, 2025

For Glendale residents and businesses, as well as those in nearby cities like Pasadena, Burbank, and Whittier, tax season can feel like a daunting maze of forms, deadlines, and IRS complexities. Fortunately, Mike Habib, EA, and his esteemed tax firm, based in nearby Whittier, offer a beacon of clarity and expertise.

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tax services Tax Real Estate tax preparation 130

RogerRossmeisl

NOVEMBER 6, 2023

When preparing a business valuation, quantitative data — from tax returns, financial statements, contracts and other sources — is important. But there’s more to a company than numbers. Qualitative factors also contribute to a company’s overall value. Websites and marketing materials can provide only limited insight.

tax return 242

tax return CPA financial statements Tax 242

inDinero Tax Tips

DECEMBER 4, 2024

Generating financial statements, balance sheets, and income statements to share with investors and lenders. Simplifying tax preparation and compliance. Budgeting Strategies for Startups Financial planning is undoubtedly math-heavy, but there’s an element of creativity as well.

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RogerRossmeisl

OCTOBER 29, 2023

Reasonable compensation is an issue that comes into play in divorce, shareholder disputes and tax cases. It’s also a common financial statement adjustment that valuators make when valuing a business. Although experts are often hired to make the calculations, business owners and attorneys should understand how they do it.

financial statements 232

financial statements CPA Sales Tax 232

CPA Practice

NOVEMBER 11, 2024

For example, 1040 tax prep will likely soon be worth more than ever. The Future Of Individual Tax Prep Is Brighter Than Ever While AI has been everywhere in the last few years, practical AI built into traditional platforms is being augmented by platforms to help with productivity. Automation and AI are reducing the labor needed!

accounting firms 111

accounting firms Technology Account accountant 111

MyIRSRelief

SEPTEMBER 6, 2024

Navigating the complex world of taxes can be a daunting task for small business owners and self-employed individuals. The intricacies of tax laws, the constant updates, and the myriad of forms and deadlines can make tax season a stressful time. Get tax help today by calling us at 1-877-788-2937.

Tax 130

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MyIRSRelief

OCTOBER 3, 2022

If you own a property, a business, or are employed, you’ll likely have to pay taxes. According to the 16th Amendment in our Constitution, individuals are required to pay taxes from income sources. Taxes can be broken down into three categories: what you purchase, what you own, and what you earn. Call us today at 1-877-788-2937.

tax services 147

tax services California Tax tax preparation 147

TaxConnex

SEPTEMBER 28, 2022

By now most businesses that sell online have heard about nexus, the connection that a company has with a jurisdiction that ignites a sales tax obligation. Companies that acknowledge their sales tax nexus still often overlook its impact and the sales tax obligations it creates. How is technology being taxed? Taxability.

South Dakota 246

South Dakota Alaska Sales Tax 246

RogerRossmeisl

MAY 5, 2023

Setting the asking price and understanding the deal terms, including complex tax matters, can be overwhelming. Fortunately, a business valuation professional has the financial knowledge and real-world experience to help maximize the selling price and minimize the guesswork.

financial statements 195

financial statements audit CPA Sales 195

Going Concern

MAY 29, 2025

If your firm or internal team is having a tough time sourcing qualified remote tax and accounting professionals, you’re not aloneand 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.

Real Estate 52

Real Estate Tax Account accounted 52

TaxConnex

APRIL 26, 2022

Not paying attention to your sales tax obligations is never wise. True, it’s a relatively new requirement to collect sales and use tax from remote customers, but it’s one the taxman has always taken seriously from businesses – and that seriousness is only intensifying. Your sales tax obligation starts with nexus. Services are?not?tangible

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audit Sales Tax Start-ups 245

Going Concern

MAY 1, 2025

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can assist you! With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs.

Real Estate 59

Real Estate Tax Account accounted 59

Going Concern

NOVEMBER 8, 2024

PwC accused of interfering in Australian tax leaks probe [ Financial Times ] PwC has been accused of interfering in Australia’s political and regulatory affairs after documents revealed the Big Four accounting group warned its local firm against co-operating with investigations into a damaging tax leaks scandal without permission.

Florida 98

Florida Mississippi audit auditor 98

ThomsonReuters

DECEMBER 4, 2024

Filing business tax returns is no doubt an intricate process, but with the right workflow, accounting firms can streamline the process, reduce errors, and ensure compliance. Prepare and review the tax return 4. Financial statements, dividend records, and documentation of corporate-specific deductions for Form 1120.

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tax return business tax accounting firms Tax 52

ThomsonReuters

NOVEMBER 26, 2024

If there is one thing accountants and tax preparers know for sure, it’s that an efficient tax workflow is key to remaining competitive in an increasingly digital tax and accounting landscape. To achieve this, many forward-looking accountants and tax preparers are shifting toward a fully digital tax workflow.

Technology 52

Technology accounting firms Tax tax preparation 52

Going Concern

MAY 22, 2025

If your firm or internal team is having a tough time sourcing qualified remote tax and accounting professionals, you’re not aloneand 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.

Real Estate 52

Real Estate Tax Account accounted 52

Xero

MAY 28, 2025

If the thought of lodging your tax return makes your palms sweaty and you find yourself procrastinating to avoid the inevitable, youre not alone. Xeros latest research has found nearly three quarters of Australians are worried or anxious about tax time this year. Tax deductions are a key area of confusion. For Australias 2.6

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tax return Tax tax preparation accounting and finance 52

CPA Practice

AUGUST 16, 2024

Launched in 2005, CAP helps large corporations improve federal tax compliance. Resolve issues before filing tax returns and comply with federal tax laws. Ensure accurate tax returns, shortening the IRS audit process. The application period lasts until Oct.

Tax 105

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ThomsonReuters

OCTOBER 25, 2024

← Blog home When it comes to tax legislation, change is the only constant. Jump to ↓ Embrace change, don’t fight it Capitalize on the advisory opportunity Harness the power of AI-enabled technology Is your firm ready to make changing tax legislation a competitive advantage? But how do you know where to start?

Tax 52

Tax Technology accounting firms tax return 52

ThomsonReuters

JANUARY 23, 2025

Jump to The benefits of GenAI Barriers to the integration of GenAI in tax and accounting Addressing barriers with AI-powered solutions Secure your firms future with AI integration In the rapidly evolving world of tax and accounting, generative AI (GenAI) is emerging as a powerful tool that can revolutionize the way professionals work.

accounting firms 64

accounting firms Tax Account accountant 64

CPA Practice

DECEMBER 14, 2023

The Financial Accounting Standards Board ( FASB ) has issued an Accounting Standards Update (ASU) that addresses requests for improved income tax disclosures from investors, lenders, creditors, and other allocators of capital (collectively, “investors”) that use the financial statements to make capital allocation decisions.

income tax 110

income tax Tax accounting standards financial statements 110

MyIRSRelief

OCTOBER 2, 2023

You don’t have a lot of money to spend on accounting and tax services. The truth is, accounting, taxes and bookkeeping are essential for all businesses, regardless of size or age. To comply with tax laws. These programs can help you track your income and expenses, generate financial reports, and file your taxes.

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tax services bookkeeping bookkeeping services Tax 130

Xero

APRIL 28, 2025

Imagine seamlessly managing, reviewing, and completing your bookkeeping, workpapers and tax all in one place. This means less tedious work leading to faster review and finalisation of client accounts, tax returns, and financial statements. What does this mean for your practice?

bookkeeping 87

bookkeeping tax return financial statements Tax 87

MyIRSRelief

DECEMBER 13, 2024

How CPAs and Lawyers Can Collaborate with Mike Habib, EA for Tax Representation Referrals Mike Habib, EA, is a trusted tax resolution expert with extensive experience helping individuals and businesses resolve complicated tax issues. Contact us today at 1-877-78-TAXES [1-877-788-2937].

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MyIRSRelief

DECEMBER 27, 2024

When the IRS decides to audit your tax returns, the experience can be daunting and stressful. An IRS tax audit is essentially a review of an individual’s or organization’s accounts and financial information to ensure information is reported correctly according to the tax laws and to verify the reported amount of tax is accurate.

audit 130

audit Tax tax return Legal 130

MyIRSRelief

MARCH 29, 2024

In the bustling city of Whittier, California, businesses face a myriad of tax-related challenges that can significantly impact their operations and financial health. From business tax preparation to dealing with unpaid back taxes and navigating complex audits, the tax landscape can be daunting.

California 130

California tax services business tax Tax 130

Withum

APRIL 29, 2025

Withum is excited to announce that on May 1, 2025, CTM CPAs & Business Advisors, a public accounting, tax and business consulting firm, headquartered in Lincolnshire, IL, joined its practice with Withum. Withum expands Midwest presence and strengthens franchise practice and services.

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cpas Real Estate tax preparation Construction 85

CPA Practice

MARCH 16, 2023

The Financial Accounting Standards Board released a proposed Accounting Standards Update (ASU) on Wednesday that addresses requests from investors for improved income tax disclosures. Comments on the proposed ASU should be submitted to the FASB by May 30.

income tax 111

income tax Tax accounting standards financial statements 111