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Financial vs Tax Accounting

SMBAccountant

One type of accounting that is well-known is tax accounting. According to Investopedia, tax accounting is “a structure of accounting methods focused on taxes rather than the appearance of public financial statements”. Tax accounting applies to individuals, businesses, and corporations.

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Tax, Accounting and Legal Pros are Cautiously Optimistic about Generative AI

CPA Practice

Artificial intelligence has been the focus of significant discussion within many professions, among them accounting, tax and legal. Furthermore, about half (52%) of all respondents believe that generative AI should be used for legal and tax work. What are the perils?

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Los Angeles tax, accounting service

MyIRSRelief

Compliance with laws and regulations: SoCal small business owners are required to keep certain financial records in order to comply with various laws and regulations, such as tax laws. Proper accounting and bookkeeping can help them to meet these requirements and avoid potential legal issues.

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Cannabis Tax & Accounting

MyIRSRelief

With more and more states legalizing medical marijuana and also recreational use, dispensaries and grow operations are popping up all over. Cannabis-based businesses are some of the fastest growing business sectors in the country.

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

MyIRSRelief

The paperwork, deadlines, and complex tax laws can leave you feeling overwhelmed and uncertain about your tax obligations. However, failing to file your taxes can have severe consequences, including back taxes, penalties, and even legal action.

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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. Workers’ compensation. Washington.

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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.