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IRS Starts Business Tax Accounts

CPA Practice

20 that it has launched new business tax accounts , with the initial version geared toward sole proprietors. As part of its continuing effort to improve taxpayer services and make the agency more technology-friendly, the IRS said on Oct.

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IRS Expands Business Tax Accounts to Include S Corporations and Partnerships

CPA Practice

The Internal Revenue Service has launched the second phase of a new online self-service tool for businesses that expands business tax account capabilities and eligible entity types. Available at IRS.gov/businessaccount , the new business tax account is a key part of the agency’s continuing service improvement initiative.

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Why Small Business Owners Should Sign Up for the New IRS Business Tax Account 

CPA Practice

(TNS) The new business tax account from the IRS , unveiled in late October, is expected to expand next year with a slate of new features that should make tax time a little smoother for entrepreneurs. To create an account, you need to have an employer identification number (EIN), which you can apply for online.

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Los Angeles tax, accounting service

MyIRSRelief

Some of the benefits include: Improved financial management: Proper accounting and bookkeeping can help small business owners to get a better understanding of their financial situation, including how much money they are making, what their expenses are, and how much they owe in taxes.

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Trucking Tax & Accounting by Mike Habib, EA Los Angeles, CA

MyIRSRelief

The IRS can help you understand your tax debt, explore payment options, and even set up a payment plan. The more information you provide, the better equipped the IRS will be to help you. Be sure to have all relevant documents, including tax returns, receipts, and payment records, ready when you contact the IRS.

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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. File away R&D tax credit and pandemic aid documentation. File a final corporate tax return.

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Wolters Kluwer appoints Bas Kniphorst as Executive Vice President and Managing Director, Tax & Accounting Europe

Accounting Insight

Wolters Kluwer Tax & Accounting (TAA), a leading global provider of software, integrated workflow solutions, and information for tax, accounting, audit, and compliance professionals, today announced the appointment of Bas Kniphorst as Executive Vice President and Managing Director for TAA Europe, effective June 1.