xendoo

JANUARY 30, 2023

Minimizing your company’s tax burden can help maximize profits. One way of doing this is through business tax credits. Leveraging the right tax credits can save your business thousands of dollars in taxes each year. However, there are many types of business tax credits and the IRS has strict eligibility requirements.

business tax 52

business tax Tax tax return income tax 52

CPA Practice

JANUARY 17, 2023

Because sole proprietorships and partnerships are not state-governed entities, they do not need to file for foreign qualification. A registered agent is a person or company with the authority to accept “service of process” (legal documents and government notices) on behalf of a business. Paying Employees in Another State.

South Dakota 111

South Dakota income tax Legal payroll tax 111

Going Concern

AUGUST 25, 2023

News US Accounting Board Looks Across the Ocean to Fill Hole in Rules [ Bloomberg Tax ] The flood of government aid that helped keep companies afloat during the coronavirus pandemic exposed a hole in US accounting rules: Businesses have no way to record the grants, loans, and tax breaks that bolstered their bottom lines.

tax preparation 98

tax preparation CPA payroll tax Illinois 98

Going Concern

JANUARY 26, 2024

News Pride Toronto repaying over $505K after federal grant controversy [ CBC ] Pride Toronto is repaying just over $505,000 in grant funding after an accounting firm found the organization could not prove that it completed several projects despite receiving $1.85 million from the federal government. Good Luck With That!

Account 119

Account accountant accounted audit 119

Going Concern

SEPTEMBER 18, 2023

This next wave of hiring will help the IRS add key talent like tax accountants to help reverse a decade-long decline of audits for the wealthy as well as complex partnerships and corporations. These new employees will be focused on higher-income and complex tax areas like partnerships, not average taxpayers making less than $400,000.”

audit 64

audit Account accountant accounted 64

ThomsonReuters

APRIL 18, 2023

That’s why it is no surprise that the AICPA’s most recent “Top Firm Issues Survey ” found that “keeping up with changes and complexity of tax laws” is among the top issues for firms large and small. Firms that do not offer staff the flexibility they desire risk losing talent.

Account 52

Account accountant accounted Technology 52

Going Concern

JULY 14, 2023

Prior to joining DLA, John served as a Partner with two National professional services firms, where he was the subject matter expert on business combinations, impairment analysis, income tax accounting, stock compensation, revenue recognition, and going concern analysis.

North Carolina 98

North Carolina accounting firms accounting and finance audit 98

Cheap Accounting

FEBRUARY 4, 2022

They say that “a reasonable excuse is something that stopped you meeting a tax obligation that you took reasonable care to meet”. If the systems that you would usually use are down then it may be necessary to find a temporary solution (such as an accounting system and a payroll solution) to use in the meantime until things get back to normal.

Account 52

Account accountant accounted corporation tax 52

Basis 365

FEBRUARY 1, 2023

What is an accountant? Non-controller accountants generally perform more straightforward accounting tasks than controllers. These responsibilities include internal reports, cost accounting, tax auditing, and cost accounting. Financial Expertise Controllers have more experience than accountants.

Account 97

Account accountant accounted bookkeeping 97

Withum

OCTOBER 11, 2023

The Internal Revenue Service (“IRS”) released Notice 2023-63 , on September 8, 2023, providing guidance surrounding the requirement to capitalize Section 174 research and experimental (“R&E”) expenditures for the 2022 taxable year.While many tax accountants and business professionals welcome the additional guidance, the timing was not ideal.

income tax 80

income tax Tax accounting standards accounting and finance 80

Accounting Seed

NOVEMBER 18, 2022

After you’ve run a business for a while, regular tasks such as managing payroll become second nature. This involves updating your ledgers , counting inventory, settling unpaid bills, tracking spending, verifying payroll, and reconciling your bank statement. You’ll have to do most of this anyway to figure out your tax bill.

financial statements 52

financial statements bookkeeping accounting software audit 52

Going Concern

SEPTEMBER 15, 2023

The rule governs the liability of associated persons who contribute to a registered public accounting firm’s primary violation of the laws, rules, and standards that Congress has charged the Board with enforcing. The remaining 21 will work in either the tax or risk departments across a range of roles.

audit 111

audit Colorado CPA Texas 111

PYMNTS

APRIL 13, 2020

On March 24, knowing that government help was on the way, but not certain of the specifics, one in four Main Street SMBs didn’t think their businesses would survive the pandemic, and four in 10 said they weren’t sure. Today, for most Main Street SMBs, there is no money to meet payroll or pay bills. times their W-2 payroll.

Maine 115

Maine payroll Manufacturing Government 115