Withum

FEBRUARY 29, 2024

While, baseball does not have a salary cap, this payment would have counted towards 30% of Major League Baseball’s (“MLB”) Competitive Balance Tax (CBT) threshold. The CBT, often called a luxury tax, was designed by baseball to discourage teams from accumulating player salaries more than the luxury tax thresholds.

income tax 105

income tax Tax Sports payroll 105

Xero

JULY 3, 2022

Earlier this month, Caveo Partners took to Xero’s social channels to ask small business owners which questions they wanted answered come tax season. How often should I see my advisor at tax time? . How do I know if I’ll end with a tax bill or a tax refund? Beyond tax time, what value can an advisor add to my business? .

business tax 111

business tax Tax bookkeeping accounting and finance 111

Withum

MARCH 29, 2023

The ace of the Mets pitching staff, who had been a lifelong Met, had decided to head to Texas for what he called a “winning culture” and likely tax savings. This article is not a discussion of whether the Mets have improved their rotation but a discussion of how the new teams affect the tax situations of the ace pitchers.

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Texas income tax New York Sports 122

ThomsonReuters

MARCH 9, 2023

Tax and Accounting professionals, listen up! Aren’t you tired of spending countless hours pouring through textbooks and internet searches trying to find the latest tax laws? Enter: Thomson Reuters Tax Season Toolkit. Breeze through tax season easily with our comprehensive year-end tax season toolkit.

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CPA Practice

NOVEMBER 15, 2023

Ignition , a platform for professional services to get paid faster and run smarter, has expanded its strategic partnership with Intuit by integrating with ProConnect Tax , a cloud-based tax software. They can save time by sending tax engagements in bulk, eliminate AR by automating payments, and seamlessly connect workflows.”

quickbooks 97

quickbooks tax preparation Tax tax planning 97

CPA Practice

JANUARY 31, 2024

By Lee Reams II The tax and accounting profession is undergoing a significant transformation as a wave of boomer partners leaving their posts ushers in the largest retirement exodus of our lifetime. The dual challenges of a talent shortage and increased demand have changed tax and accounting professionals’ roles entirely.

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CPA Practice

APRIL 22, 2024

Host Informative Workshops: Organize free, educational workshops on financial wellness, tax planning, or small business accounting. Enhance Social Media Engagement: Share helpful summer tax tips, reminders for quarterly taxes, or fun posts about your team enjoying summer activities.

accounting firms 52

accounting firms Account accountant accounted 52

Snyder

NOVEMBER 10, 2022

The biggest tax season challenge for a small business is tax preparation and filing. Most SMB owners fall into the trap of putting off taxes until the last minute because they don’t have professional tax accounting software backing them up. What is tax software? Tax filing software vs. tax preparation software.

tax preparation 52

tax preparation Tax tax return accounting software 52

CPA Practice

DECEMBER 19, 2023

Timing is Everything In the complex world of small business finance and accounting, the strategic timing of business filings can be a game-changer. It’s common for companies to choose an effective date of January 1 to simplify selecting a calendar year for taxes and relieve businesses of paying state franchise taxes for the prior year.

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Rhode Island West Virginia South Dakota North Dakota 116

CTP

OCTOBER 2, 2023

What would you do for a lower tax bill? One of the most underutilized tax strategies is to identify and claim tax credits. Many taxpayers may find that they qualify for a tax reduction based on behavior or practices they are already engaged in. The cost for the plan is $49 plus $8 per participant.

Tax 52

Tax Non-Profits tax planning Gaming 52

ThomsonReuters

APRIL 4, 2022

Sure, your firm’s tax compliance software does its job, but you know that there’s room for significant improvement. Tax season can obviously be a hectic and stressful time, but eliminating time-consuming tasks, and streamlining and automating the tax workflow would be transformative for you and your staff.

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CPA Practice

NOVEMBER 19, 2023

Ignition , a platform for professional services to get paid faster and run smarter, has expanded its strategic partnership with Intuit by integrating with ProConnect Tax , a cloud-based tax software. They can save time by sending tax engagements in bulk, eliminate AR by automating payments, and seamlessly connect workflows.”

quickbooks 52

quickbooks tax preparation Tax tax planning 52

Anders CPA

NOVEMBER 13, 2023

Although the industry’s ultimate goal is for complete descheduling, the proposed shift would be a game-changer for cannabis operators because it would nullify the federal tax provision 280e which essentially taxes cannabis retailers on gross margin. My answer: wait and plan. 2024 is right around the corner.

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Tax tax planning Education CPA 72

LyfeAccounting

JUNE 9, 2021

All it takes to use this cryptocurrency tax loophole is a click of a button and it works for all cryptocurrencies at the moment. Our goal for today’s post is to explain the cryptocurrency tax loophole in an easy-to-understand manner, so you can benefit from it. The Cryptocurrency Tax Loophole. Let’s dive in. Wrapping Up.

Tax 59

Tax tax preparation accounting and finance Sales 59

CPA Practice

JULY 23, 2023

Even when your business is at the top of its game, a solid short-term funding option means you can add staff, increase inventory, and seize on a big opportunity. But managing your business’s finances yourself is time-consuming and accounting or tax mistakes can have especially nasty and costly consequences.

accounting and finance 98

accounting and finance bookkeeping payroll tax planning 98

SkagitCountyTaxServices

DECEMBER 8, 2021

And one way you can do so is by making some tax moves before the clock strikes 12 on New Year’s Eve. Now I get it … the rush of customers and clients, strange hours, extra errands: It’s a tough time of year to think about tax. But the calendar waits for no business, and time is getting short to plan your moves.

business tax 52

business tax Tax tax preparation payroll tax 52

Shay CPA

MARCH 27, 2024

Fortunately, equity grants have completely changed the game. With an ISO, the employee can defer tax payments on their shares until they actually sell them provided they meet two criteria. Employee stock purchase plans (ESPPs): This program lets employees use payroll deductions to buy company stock at a discounted price.

payroll 52

payroll CPA Tax tax planning 52

xendoo

OCTOBER 1, 2021

Today, we’ll offer you three tips for catching up on your books and getting you back in the game. . Here are some of the reasons why you need current books: Tax Planning. Overdue books will cripple your business once tax season rolls around. Step 3: Have a Bookkeeper Help You (or Hire a Tax Professional to Review).

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LyfeAccounting

JUNE 7, 2021

We have 10 tips on how you can avoid paying taxes. Because for most people, paying taxes is such a drag, annoying, frustrating… So today, we want to talk about how to avoid taxes and give you 10 legit and legal ways to do so. Now in 2021, you start paying taxes the second you make over $9,875 a year as an individual.

Legal 59

Legal Tax income tax Real Estate 59

LyfeAccounting

APRIL 23, 2021

And what if we told you the business tax code was actually set up for you to do so? Now unless you’re an accountant reading this then we know you didn’t go to school to learn taxes and you probably don’t spend your weekends binge reading the tax code. Your tax deduction would be about $17,250. Crazy right?

Tax 52

Tax quickbooks Real Estate accounting and finance 52

ThomsonReuters

JANUARY 18, 2024

Accountant vs. CPA vs. tax preparer: What are the differences? Preparing tax returns. According to Pilar Garcia, CPA , Tax and Accounting Executive Editor for Thomson Reuters, “AI, especially generative AI, can propel the accounting profession forward like no other technological advancement since Excel.

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Going Concern

MAY 5, 2023

Entry-level CPAs in advisory practices are making $11,000 more than CPAs starting out in audit and tax, and $20,000 more than non-CPAs in advisory. Entry-level CPAs in advisory practices are making $11,000 more than CPAs starting out in audit and tax, and $20,000 more than non-CPAs in advisory. He worked for Kimberly-Clark Corp.

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audit cpas auditor Mississippi 95

Basis 365

JUNE 8, 2023

Accounting tasks, from managing financial records to preparing tax returns, can be overwhelming and time-consuming. This is where outsourcing your accounting with Xero can be a game-changer for your business. One area that often demands a significant amount of time and expertise is accounting.

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xendoo

OCTOBER 18, 2021

Stay Current with All Taxes. Retailers often have to deal with two different types of taxes: business taxes and sales tax. Every state has its own regulations when it comes to filing sales taxes. Get Your Head Back in the Game. Streamline Your Processes with Accounting Software.

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KROST

DECEMBER 14, 2021

Recent legislation, including the Tax Cuts and Jobs Act (TCJA) and the Protecting Americans from Tax Hikes (PATH) Act, has created a favorable environment for small, mid-size, and large companies to benefit from the R&D Tax Credit. Learn more about Research & Development Tax Credit ».

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LyfeAccounting

APRIL 30, 2021

All to save you the most on your taxes. In either case, you want to make sure you’re aware of the tax write offs (OR deductions) you can take to minimize your taxes or even maximize your tax refund. Top 5 Tax Write Offs for New LLCs. real estate taxes. Are you ready? Let’s get started. maintenance.

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Tax Real Estate tax planning accounting and finance 52

Going Concern

JULY 13, 2022

At the recent ENGAGE 2022 event in Las Vegas, AICPA President and CEO Barry Melancon, CPA, CGMA, said the profession is at a defining moment , with businesses seeking advice and assurance on a broad range of areas beyond financial statements, from sustainability to integrated tax planning to the transformation of the finance function.

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financial statements quickbooks payroll accounting and finance 103

xendoo

MAY 19, 2021

As a small business owner, you want to keep your head in the game. You simply might not be able to give your books the time and attention you need—a problem that can snowball out of control and leave you with a disaster once tax season approaches. A Florida Certified Public Accountant Can Help You to Understand Sales Tax Laws.

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Accounting Insight

FEBRUARY 27, 2023

If your target market is e-commerce businesses, you don’t want local businesses looking for a cheap tax return finding you. What you get found for is important as you don’t want non-target market clients reaching out when they’re not a good fit. This is why choosing the right keywords is essential.

accounting firms 64

accounting firms Account accountant accounted 64

CPA Practice

SEPTEMBER 6, 2023

Several AI systems were among this year’s winners of the Tax & Accounting Technology Innovation Awards, presented annually by CPA Practice Advisor, a technology and practice management resource for public accounting firms. states and the District of Columbia assess property taxes on real property (land, buildings, etc.).

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Technology accounting and finance Tax CPA 122

LyfeAccounting

DECEMBER 30, 2020

?. Are you tired of paying taxes? Taxes stink. But recently, I heard that some people pay very little in taxes. In fact, the president’s tax returns show he paid just $750 in federal income taxes in 2016 and 2017. Now we just wrote a post about the new tax brackets going into 2021, which you can read in this link.

Real Estate 52

Real Estate Tax income tax Gaming 52

SkagitCountyTaxServices

OCTOBER 21, 2020

I’m a tax professional though, and I’m not immune to conversations about proper planning for either eventuality. That means that if (again, in this example) Biden wins, AND he follows that particular pattern, then his new tax policies — whatever they might be — will likely impact your 2021 or 2022 tax returns.

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Tax CPA tax preparation tax return 75

CPA Practice

DECEMBER 29, 2023

If you’re in the Thomson world, the path is a little more convoluted with Ultra tax being their their major bet. And then having pulled the plug on the on the on vo tax platform. And, of course, we’ve seen the transition from prosystem tax into excess tax and so forth. But I think that also has risk of being commoditized.

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ThomsonReuters

MARCH 18, 2021

How workflow engines increase the value of tax data. A workflow engine can give you a methodology for owning and managing your tax data so that its value and validity increase as it travels across the tax lifecycle. Tax teams may also use manual processes and spreadsheets to collect and analyze data.

Tax 98

Tax Technology corporation tax tax planning 98

ThomsonReuters

MARCH 2, 2021

Business leaders are looking for opportunities in disruptions as they prepare their companies for the future, and tax technology should be a part of their plans. With the right tax data software, your tax department can save money by automating and standardizing processes across the organization and enhancing accuracy and timeliness.

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Tax corporation tax Technology audit 52

ThomsonReuters

FEBRUARY 24, 2021

Do you have a kinetic approach to your tax data? A workflow engine can give you a methodology for owning and managing your tax data so that you can mine the value in that data. Instead of being static elements that are manipulated in Microsoft Excel tables, data should gather momentum and value as it travels across the tax lifecycle.

Tax 52

Tax Technology corporation tax tax planning 52

CPA Practice

DECEMBER 20, 2023

And there’s also a new product called QuickBooks ledger, which really formats Quickbooks online data for tax returns sync. So, again, I don’t know whether Brian and I are getting gamed by the people or not, I don’t think so. You also can map the payroll to the chart of accounts with some other things here. Okay, yeah.

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quickbooks Technology payroll Start-ups 98