ThomsonReuters

APRIL 25, 2024

As an accountant, advising your clients on retirement income taxes and related strategies can help them to optimize their financial planning in their golden years. Let’s take a look at some commonly asked questions on retirement income taxes and how your firm can best advise clients as they approach their retirement years.

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MyIRSRelief

APRIL 3, 2023

Tax Planning and Preparation: An accountant (EA or CPA) can help small business owners navigate the complex world of tax laws and regulations, ensuring compliance and minimizing tax liabilities. They can also help prepare tax returns, file necessary forms, and represent the business in the event of an audit.

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SkagitCountyTaxServices

MAY 26, 2021

There’s lots in here… Steve Padgett’s Three Business Tax Penalties To Avoid When Possible “Tell me and I forget. Your Skagit County business may have a variety of tax return filing requirements. That’s a big check to write to the IRS for a tax return that normally doesn’t have any taxes due!

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MyIRSRelief

APRIL 15, 2021

R&D tax credits ( research and development tax credits ) were created back in 1981 as a means of stimulating research and development throughout North America. This is a dollar-for-dollar offset of any federal income tax liabilities, as well as payroll tax liabilities in special circumstances too.

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Shay CPA

DECEMBER 2, 2022

Founders – check out our tips below that can save your Startup thousands of dollars in Income Taxes, Payroll Taxes, Sales Taxes, and foreign taxes. . R&D Tax Credits: Did you know that if your startup conducts R&D activities it can qualify for up to $500,000 in Payroll Tax Credits?

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Snyder

FEBRUARY 7, 2023

Every year business owners have to bear the burden of the tax season, paying taxes for income, payroll, property, sales, and so on. In total, nearly 30% of a business’ income is needed to cover all tax payments. government received total tax receipts of 4,05 trillion USD within a year.

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ThomsonReuters

FEBRUARY 9, 2022

Typically, when an employer needs to terminate an employment relationship with workers, the employer’s unemployment tax rate for the following year may increase. Taxes are still due. Sometimes the federal and state governments provide tax relief for employers affected by disasters. Employees still need to get paid.

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ThomsonReuters

MARCH 22, 2021

Keeping Up with Taxes. On March 22, 1765, the British government passed the Stamp Act. The legislation levied a direct tax on the American Colonies in an effort to pay off debts and defend new American territories won from the French in the Seven Years’ War. So, why the brief history lesson on American Colony taxes?

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MyIRSRelief

JANUARY 6, 2020

The IRS didn’t come into being until 1862, to handle our first national income tax, 3% of income, levied to fund the Civil War. That tax expired in 1872, but again in the early twentieth century, just before World War I, Congress passed the Sixteenth Amendment, which imposed income taxes again. 877.788.2937.

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CPA Practice

SEPTEMBER 11, 2023

The Government challenges two legal rulings made by the District Court: that an organization can be an ‘educational organization’ even if it has substantial noneducational purposes and activities, and that ‘primary’ means merely ‘substantial’…,” according to the IRS appeal. He ruled the U.S. per day, since Jan. c)2023 the Post-Bulletin.

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ThomsonReuters

FEBRUARY 6, 2024

The differences between direct tax and indirect tax are important to understand. Direct tax is paid directly by the taxpayer to the government and cannot be shifted, like federal income tax. In contrast, indirect tax, such as business property taxes, can be passed on or shifted to others.

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xendoo

JANUARY 16, 2023

How Are Small Businesses Taxed? Depending on your business structure and income, you may be subject to one or more types of taxes. The term refers to when the IRS taxes the same income twice—once at the corporation level and again on an individual shareholder’s personal income tax.

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CPA Practice

SEPTEMBER 12, 2023

The Government challenges two legal rulings made by the District Court: that an organization can be an ‘educational organization’ even if it has substantial noneducational purposes and activities, and that ‘primary’ means merely ‘substantial’…,” according to the IRS appeal. He ruled the U.S. per day, since Jan. c)2023 the Post-Bulletin.

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Real Estate Tax Education Hospitality 95

xendoo

JANUARY 30, 2023

You’ll also learn how to maximize their impact with the help of an experienced CPA or tax accountant. Small Business Tax Credits vs. Deductions Small business tax credits and deductions are valuable tools for reducing your tax bill. They are incentives the government offers to reduce the amount of taxes you owe.

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ThomsonReuters

JANUARY 16, 2024

The earned income tax credit (EITC) is determined based on a taxpayer’s earned income from wages and other sources. The earned income tax credit (EITC) is determined based on a taxpayer’s earned income from wages and other sources. How is the EITC changing?

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MyIRSRelief

MARCH 31, 2020

In addition to the summary of IRS actions and earlier-enacted federal tax legislation that I previously sent you, I now want to update you on the tax-related provisions in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Congress’s gigantic economic stimulus package that the President signed into law on March 27, 2020.

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MyIRSRelief

NOVEMBER 19, 2021

Tax credits to look out for. Earned Income Tax Credit (EITC). People who work but still make low to moderate salaries may qualify for the Earned Income Tax Credit, which is a tax break. You may get up to a 40% refund with your tax return if your credit is greater than the total taxes you owe.

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KROST

APRIL 19, 2021

Any state or local government- operated businesses. Step 1: Begin with gross receipts as reported on the eligible entity’s 2019 Federal tax return. Step 1: Calculate your annualized 2019 gross receipts: Step 1(a): Begin with gross receipts as reported on the eligible entity’s 2019 Federal tax return. Non-profits.

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Going Concern

JANUARY 19, 2023

government. Las Vegas tax preparer sentenced to prison for multiple fraud schemes King Isaac Umoren was sentenced to 13 years and three months in prison for filing false tax returns, aggravated identity theft, wire fraud, money laundering and impersonating an FBI agent.

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Going Concern

FEBRUARY 23, 2024

Top Remote Accounting Candidates: February 22, 2024 Law & Order Co-Owner of Media Brokerage Firm Sentenced for Filing False Tax Returns [ Department of Justice ] According to court documents and statements made in court, Susan K. From 2012 to April 2018, according to the criminal information document signed by U.S.

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ThomsonReuters

DECEMBER 29, 2020

After the FFCRA and CARES Act were signed into law, there was plenty of federal government agency guidance from the IRS, Department of Labor and other agencies, as well as state and local legislation, executive orders, and even more guidance. Extension of Certain Deferred Payroll Taxes. Extension of no waiting week for benefits.

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ThomsonReuters

MARCH 15, 2023

Also, he clarified that the statutes of limitation relating to employment tax returns do not restart for purposes of IRS assessment when an amended return is filed. 3401(d)  purposes and be liable for the federal employment and income tax withholding. 31, 2025 the Work Opportunity Tax Credit under  Code Sec.

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