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What are APIs and how can they streamline tax provision calculations?

ThomsonReuters

What are the benefits of tax provision software? Tax professionals use tax provision software such as to solve the technical and process issues involved in calculating your income tax provision. API-powered provisioning processes can be more accurate, secure, and efficient than traditional manual methods.

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R&D Tax Credit: The Innovation Incentive

Cherry Bekaert

It allows companies to receive tax credits when certain expenses are incurred for the performance of qualified R&D activities in the U.S. For most companies, the R&D tax credit provides a dollar-for-dollar reduction of income tax liabilities. Why Investigate the R&D Tax Credit Now?

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Shutting Down Your Tech Company? Here’s What You Need to Know

Shay CPA

Specifically, if your tech company claimed federal or state R&D tax credits, save anything substantiating the amount you claimed. That includes payroll records for applicable peoples’ salaries. Tax authorities don’t work overly quickly and it’s not uncommon to get audited several years down the road.

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Shutting Down a Tech Company – Some Tax/Accounting Tips

Shay CPA

Specifically, you should look at: Payroll accounts, including withholding, Department of Labor, and state unemployment insurance accounts. Sales tax accounts. State franchise and income tax accounts. Payroll records for any salary you put R&D credit toward and the applicable job descriptions . General ledgers.

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How Much Is a Tax Consultant?

xendoo

If your situation requires specialized knowledge about tax codes, fees are usually commensurate with qualifications. What Does a Tax Consultant Do? A tax consultant is trained in tax law and financial accounting. They also should know recent tax law changes on both a federal and state level. .

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Financial Discovery Checklist (Family Law)

FraudFiles

Personal income tax returns (Form 1040) for the last 5 years, including any amended returns. W-2 and/or pay stubs for all years for which personal income tax returns have not yet been completed or filed. Copies of personal financial statements prepared for any purpose in the last 3 years.

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Accounting Basics for Small Business: A Simple Guide

Snyder

These basics include coming up with the bookkeeping method, organizing your general ledger and a chart of accounts, recording transactions, preparing financial statements, and balancing your books. They stand for different parts of your books or, in other words, general ledger (we’ll get to what it is a little bit further).