Withum

NOVEMBER 17, 2022

Resident Clients: Resident partners/shareholders participating in a PTET (elective or mandatory) may not receive a credit for taxes paid to another state on their resident state income tax return. Failing to prepare for a tax examination at the outset of a move jeopardizes the ability to ultimately prevail at the audit.

tax planning 52

tax planning Tax income tax CPA 52

ThomsonReuters

JULY 6, 2023

If you’re a tax and accounting professional, you’ve likely found yourself answering numerous questions related to your clients’ tax returns. Whether it’s advising on residential energy tax credits or restructuring a partnership, your knowledge and expertise beyond the tax return are valuable.

Tax 98

Tax tax return income tax audit 98

Going Concern

MAY 16, 2024

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

Real Estate 59

Real Estate Account accountant accounted 59

Withum

FEBRUARY 21, 2022

On February 1st, Olga was featured in a segment titled Tax Filing Tips for What to Looks for on IRS Letters 6419, 6475. The piece gave helpful information for people who were impacted by the Child Tax Credit and the Third Economic Impact Payment and how they can receive their tax returns as quickly as possible.

Pennsylvania 52

Pennsylvania tax return tax planning public accounting 52

Withum

MAY 16, 2022

In our example, Julia would have to include the $10,000 of cancellation of debt income in her 2021 tax return and adjust her basis in her real property by $50,000 as of January 1, 2022. Business Tax Services. For more information on this topic, please contact a member of Withum’s Federal Tax Services Team.

Real Estate 131

Real Estate Tax income tax tax return 131

ThomsonReuters

JUNE 15, 2021

When I worked for a former employer, they did nothing but tax returns for their clients – no tax planning, no projections, no advice around law changes – that was it,” says Angie. To me, the tax return should be the last thing we worry about. And that completely shocked me. ” __.

cpa firm 98

cpa firm tax return CPA Non-Profits 98

Snyder

NOVEMBER 10, 2022

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. Poor tax planning can result in high penalties with accruing interest rates to the IRS. Tax filing software vs. tax preparation software.

tax preparation 52

tax preparation Tax tax return accounting software 52

xendoo

JANUARY 31, 2022

The IRS Schedule C is used by sole proprietors and single-owner LLCs to report your small business taxes and is part of your personal tax return. We understand that business taxes can seem confusing, if not overwhelming. This information will be used to calculate a net profit or loss, which will be recorded on Form 1040.

tax preparation 122

tax preparation business tax income tax Tax 122

Withum

JUNE 1, 2022

If a business is required to utilize inventory layers that are related to the prior taxable years that are significantly less than current costs, the potential taxable income increase should be identified, and tax planning should be considered. Business Tax Services. Wait and See. Contact Us. Contact Us.

business tax 119

business tax Tax income tax tax return 119

Withum

MAY 2, 2022

The Foreign Account Tax Compliance Act (FACTA) provision of the Internal Revenue Code generally requires foreign financial institutions to report a variety of information to the IRS, including the account balance or value, amounts such as dividends, interest and gross proceeds paid or credit to the account, and information on any substantial U.S.

Tax 65

Tax tax return tax planning tax services 65

xendoo

AUGUST 2, 2023

Filing articles of organization with information such as the LLC’s name, purpose, address, duration, management structure, and members. Paying taxes and fees based on the state requirements. This way you avoid double taxation (where the corporation and shareholders pay tax on the same income).

Tax 52

Tax income tax Non-Profits tax return 52

xendoo

AUGUST 2, 2023

Filing articles of organization with information such as the LLC’s name, purpose, address, duration, management structure, and members. Paying taxes and fees based on the state requirements. This way you avoid double taxation (where the corporation and shareholders pay tax on the same income).

Tax 52

Tax income tax Non-Profits tax return 52

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 52

CPA cpas bookkeeping tax preparation 52

Ryan Lazanis

OCTOBER 24, 2022

When you combine basic bookkeeping services provided with CFO guidance, financial reports, tech implementation, year-end tax returns preparation, tax return preparation fees, and strategic advisory you have a wide range of value being provided which can alter your approach. Fixed vs. Value Pricing. Fixed Pricing.

Account 98

Account accountant accounted bookkeeping services 98

ThomsonReuters

FEBRUARY 8, 2022

Adding services in the areas beyond filing tax returns, such as accounting, payroll, bookkeeping, business planning, payroll and audit solutions, will always be services clients need. Respondents also indicated interest in receiving other services from their accounting firms.

Tax 105

Tax Entertainment payroll bookkeeping 105

MyIRSRelief

APRIL 15, 2021

Lately, there has been a lot of talk surrounding R&D tax credits, and how they can potentially benefit large and small companies alike, regardless of which industry you happen to be involved in. This is a common misconception when it comes to R&D tax credits and it is simply not true. Which expenses are eligible?

Tax 100

Tax payroll tax tax return Start-ups 100

xendoo

MAY 19, 2021

Ideally, an experienced accountant will monitor your books all year long (or at least at regular intervals), which is vital when it comes to tax planning. A Florida Certified Public Accountant Can Help You to Understand Sales Tax Laws. Tax laws are notoriously complicated. Sales tax laws in Florida are no exception.

Florida 52

Florida Account accountant accounted 52