Withum

DECEMBER 4, 2024

Expansion of small businesses that are able to use the cash (as opposed to accrual) method of tax accounting. Contact Us For more information on this topic, reach out to Withum’s Business Tax Services Team to discuss your situation as year-end approaches. C corporation pays to add $0.94

Tax

CPA Practice

JUNE 18, 2025

Randall is the national practice leader for the firm’s International Tax Service line and has more than 25 years of experience in public accounting. Log In Need more information? He becomes chair of the Governing Board, succeeding Matt Snow, who has served as board chair since 2022 and retired on May 31.

Technology

Going Concern

OCTOBER 31, 2024

Drop your information here , and we’ll reach out to schedule a call to discuss how Accountingfly can work for you. Our recruiting services are exclusively available for clients and candidates in the United States. Sign up now to find your next hire.

Real Estate

Going Concern

APRIL 24, 2025

Drop your information here , and we’ll reach out to schedule a call to discuss how Accountingfly can work for you. Our recruiting services are exclusively available for clients and candidates in the United States. Sign up now to find your next hire.

Real Estate

Withum

DECEMBER 4, 2024

See the RMD section for more information. A 529 plan, also known as a qualified tuition plan, is a tax-advantaged savings plan aimed at encouraging savings for education expenses. Roth conversions have also become increasingly popular as the tax law has grown in complexity for these assets.

tax planning

MyIRSRelief

DECEMBER 15, 2022

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. What is business tax preparation service?

tax accountant

TaxConnex

JUNE 9, 2022

Voters will likely be asked this fall if they’re willing to increase the city’s 5% sales tax to 6% during the summer in exchange for exempting food from sales tax year-round. Instead, the state tax department will be responsible for collecting information from remote sellers and providing that information to local jurisdictions.

Sales

Withum

MARCH 17, 2022

Most tax accountants would not be described as “hip” and many struggle to be considered “tech savvy”. For more information on this topic, please contact a member of Withum’s Federal Tax Services Team. Let’s be honest. This article was originally published by Lynn Mucenski Keck in Forbes on February 22, 2022.

Gaming

MyIRSRelief

MAY 15, 2024

Nonprofit Tax Service by Mike Habib, EA Nonprofit organizations play a crucial role in society, offering valuable services and advocacy. However, managing tax compliance can be a significant challenge due to the complex nature of tax laws and regulations. Bonus Tip : Stay informed!

Tax

CPA Practice

JANUARY 8, 2024

tool, which is the IRS’ most widely used taxpayer service tool. However, the tool provides limited information, often leading taxpayers to call the IRS to inquire about their refund status. Tips to help people file in 2024 The IRS encourages taxpayers to take steps now to Get Ready to file their 2023 individual federal tax return.

Tax

CPA Practice

FEBRUARY 12, 2024

Once upon a time, tax preparation was a document-heavy practice, requiring people to send their sensitive documents to their CPAs. The digitalization of the financial sector generally, and tax services in particular, has expanded access to high-quality tax services while making filing taxes more streamlined and convenient.

cpas

CPA Practice

JANUARY 29, 2024

, taxpayers will see clearer and more detailed updates, including whether the IRS needs them to respond to a letter requesting additional information. The IRS plans to continue expanding the information available on Where’s My Refund? Taxpayers will also see other improvements this tax season, including: Phone service.

tax return

ThomsonReuters

FEBRUARY 8, 2022

Whether you’re at the one-to-one stage of your relationship or casting a wider net to the masses, share your insights and knowledge on a variety of tax, accounting and business hot topics to gain their attention and earn their respect. Respondents also indicated interest in receiving other services from their accounting firms.

Tax

Withum

JUNE 24, 2022

Some claim to have received special training from the IRS (they have not) and others claim to have special knowledge regarding the law for one reason or another (they do not – detailed information about the ERC is available to anyone with an internet connection). Business Tax Services. See, e.g., Notice 2021-20, Q&A #28.

Tax

CPA Practice

FEBRUARY 27, 2024

By Crystal Blythe, IDology Once upon a time, tax preparation was a document-heavy practice, requiring people to send their sensitive documents to their CPAs. It also introduces unique challenges that CPAs and tax professionals can’t ignore. Those days are long gone. Today, things are distinctly more digital.

cpas

Going Concern

JUNE 13, 2024

With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Drop your information here , and we’ll reach out to schedule a call to discuss how Accountingfly can work for you. Sign up now to see the complete candidate list and connect with potential hires.

Real Estate

xendoo

APRIL 27, 2023

Form 1065 is an informational form for partnerships to declare their profits, losses, deductions, and business tax credits for the year. To the IRS, an informational form is one that does not calculate any tax due. There is no tax due with this form because partnerships are taxed as pass-through entities in the U.S.

Non-Profits

xendoo

APRIL 27, 2023

Form 1065 is an informational form for partnerships to declare their profits, losses, deductions, and business tax credits for the year. To the IRS, an informational form is one that does not calculate any tax due. There is no tax due with this form because partnerships are taxed as pass-through entities in the U.S.

Non-Profits

LyfeAccounting

MARCH 10, 2021

We’re going to break down CPA services into 2 categories – services that ONLY CPAs can provide and services that CPAs are best to provide. Services That Only CPAs Can Provide. CPA accounting services most commonly include compilations, reviews, audits of financial information, and certain tax services.

CPA

Withum

JANUARY 8, 2024

Method of Accounting Many have been waiting for clarification surrounding the IRS administrative procedures that should be followed in order to adjust 2022 federal taxable income to follow the IRS interim guidance provided in Notice 2023-63 and, more recently, Notice 2024-12.

tax return

inDinero Tax Tips

MARCH 17, 2023

It’s due to the IRS on a quarterly basis and is part of your responsibility to withhold and remit payroll taxes. You can file for free through the mail, online for a fee through an IRS approved software provider, or have it done for you by a tax services provider. The 2023 version of the form can be downloaded here.

payroll tax

inDinero Tax Tips

MARCH 17, 2023

It’s due to the IRS on a quarterly basis and is part of your responsibility to withhold and remit payroll taxes. You can file for free through the mail, online for a fee through an IRS approved software provider, or have it done for you by a tax services provider. The 2023 version of the form can be downloaded here.

payroll tax

ThomsonReuters

JANUARY 29, 2024

The landscape of tax services is changing, and the firms that will thrive recognize and adapt to these changes. “ The Future of Tax Automation: How Software Elevates Your Firm’s Recruitment and Retention ,” is a roadmap for firms looking to navigate the complexities of today’s talent market.

Technology

xendoo

MAY 16, 2023

Receipts businesses should keep What happens if you get audited and don’t have receipts What to do when you don’t have receipts How bookkeeping and tax services help Why do businesses need receipts? Receipts are records and proof of payment for the income and expenses your small business claims on tax returns.

audit

xendoo

MAY 16, 2023

Receipts businesses should keep What happens if you get audited and don’t have receipts What to do when you don’t have receipts How bookkeeping and tax services help Why do businesses need receipts? Receipts are records and proof of payment for the income and expenses your small business claims on tax returns.

audit

xendoo

JANUARY 6, 2022

While the salary is subject to self-employment taxes, the distributions are exempt, which allows S-Corps to avoid double taxation. . It is always best to speak to a small business tax accountant. Pay Quarterly Estimated Taxes . You can also take advantage of Xendoo’s small business tax services.

Tax

xendoo

JANUARY 26, 2023

The Internal Revenue Service (IRS) can send you a bill for penalties and additional fees. However, we understand that tax filing requirements and rules change each year. It’s hard to keep up without your own accountant or business tax services. A tax accountant can also advise you on deadlines and changes.

Tax

Withum

NOVEMBER 17, 2022

Geography, such as distressed zones, enterprise zones, or tax-increment finance districts. Contact a member of Withum’s Tax Services Team to start planning as year-end approaches. Year-End Tax Planning for Businesses. The corporate tax rate is currently a flat 21% rate. Energy credits. Not-for-profits.

tax planning

CPA Practice

MAY 10, 2024

Wolters Kluwer announces two senior executive appointments ­­­­Wolters Kluwer, a global leader in information, software, and services for professionals, recently announced Atul Dubey as General Manager of its Finance, Risk and Regulatory Reporting (FRR) business, part of its Corporate Performance & ESG (CP & ESG) division.

Tennessee

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

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. How does tax preparation software work?

tax preparation

xendoo

JANUARY 16, 2023

2022 tax year 2023 tax year April 18, 2022 April 18, 2023 June 15, 2022 June 15, 2023 September 15, 2022 September 15, 2023 January 17, 2023 January 16, 2024 If you underpay your estimated taxes or don’t pay them by the due dates, you may be subject to penalties. We’ll file your taxes too.

business tax

xendoo

JANUARY 30, 2023

This guide goes over business tax credits that could save you money on taxes. 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.

business tax

Going Concern

MAY 16, 2024

Our recruiting services are exclusively available for clients and candidates in the United States.

Real Estate

Going Concern

MAY 8, 2025

Drop your information here , and we’ll reach out to schedule a call to discuss how Accountingfly can work for you. Our recruiting services are exclusively available for clients and candidates in the United States. Sign up now to find your next hire.

Real Estate

xendoo

FEBRUARY 13, 2023

If you’re wondering how to pay less in taxes, you’re not alone. Everyone—from individuals to business owners—wants to know how to lower their taxes. Tax laws are complicated and they can change each year. Our tax accountants know all the tax breaks for business owners and how to leverage them.

Tax

Withum

APRIL 24, 2023

There is no substitute for timely and independent advice from a qualified tax advisor. Even if you are speaking to a tax lawyer or tax accountant, make sure to ask if they are well-versed in the specific rules governing QSBS.

Real Estate