MyIRSRelief

FEBRUARY 8, 2023

Tax Preparation, Tax Planning, and Tax Representation: Understanding the Importance of Professional Assistance Tax preparation, tax planning, and tax representation are all crucial components of managing your finances and ensuring that you meet your tax obligations.

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MyIRSRelief

OCTOBER 3, 2022

There is a substantial amount of time you have to file your taxes, but the process can seem hefty. With the help of Los Angeles tax services firms, you can receive information on your tax return, the amount you owe, and various resources for tax preparation service.

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CTP

NOVEMBER 15, 2023

* Real tax planning is very hands-on, customized, and proactive. It takes a trained expert, with advanced education, specialization, and licensure to ensure the highest ethical standards and to protect you legally before the IRS! The lowest level of credentials is a licensed tax preparer. A simple plan is one thing.

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CPA Practice

APRIL 11, 2024

This year, the IRS has launched a pilot program dubbed “Direct File” through which Americans can opt to have the IRS prepare their taxes for free (well, except for the billions of taxpayer dollars used to create the program). The IRS wants to eliminate Americans’ reliance on private-sector tax-preparation services.

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MyIRSRelief

DECEMBER 15, 2022

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. What is income tax preparation service?

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CPA Practice

APRIL 9, 2024

But when it comes to taxes, misleading information on social media can lead to financial or even legal problems, the IRS warns. Social media—things like Facebook, Instagram and TikTok—can be used to circulate “wildly inaccurate tax advice,” the agency said.

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CPA Practice

FEBRUARY 17, 2023

Tax season is always stressful. Hurried filers inundate tax preparers working furiously to help their clients file on time while the dreaded tax deadline looms. However, it’s important to pause and reflect on your data privacy standards, digital communication norms, and potential vulnerabilities this tax season.

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CPA Practice

JANUARY 17, 2024

By Sam Becker, Fast Company (TNS) Who says tax preparation has to be boring? The lawsuit, filed on Jan. The lawsuit, filed on Jan.

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CPA Practice

AUGUST 15, 2023

This includes documents, such as official federal and state correspondence, subpoenas, tax notices, legal notifications, court summonses, and corporate filing notifications. To determine if your client’s company needs an RA, research with the Secretary of State to find state-specific requirements for various legal structures.

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LyfeAccounting

JUNE 7, 2021

We have 10 tips on how you can avoid paying taxes. Because for most people, paying taxes is such a drag, annoying, frustrating… So today, we want to talk about how to avoid taxes and give you 10 legit and legal ways to do so. And that is all legal. Keep reading! piece of art.

Legal 59

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CPA Practice

MARCH 26, 2024

In addition to recapturing funds, the IRS is pursuing criminal charges against promoters and preparers engaging in fraudulent ERC practices. Department of Justice arrested a New Jersey tax preparer for allegedly seeking more than $124 million from the IRS. Kiplinger highlighted a case where the U.S.

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Withum

NOVEMBER 28, 2023

With the year coming to an end, it’s essential to kickstart your 2023 tax preparations and start thinking about tax-saving techniques, potential opportunities, and the recent legal modifications that might impact your tax obligations.

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ThomsonReuters

APRIL 17, 2024

This comprehensive study explores the attitudes, perceptions, and usage of GenAI among professionals in the legal, tax & accounting, risk & fraud, and government sectors. I would not want to be too dependent on it,” said one corporate tax director.

Tax 52

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CPA Practice

DECEMBER 13, 2023

Mention a broad solution (payroll management, for example) and ask if they would like to book an appointment now to work on resolving their challenge after tax season. Separate planning sessions from work sessions: Co-mingling tax planning and tax preparation ultimately provides less value to the client and reduced revenue for your firm.

Tax 105

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ThomsonReuters

JANUARY 28, 2022

Companies that only offer tax services have to start over each year building a brand through marketing and advertising. By offering services that last throughout the year, you can keep your business at the forefront of customers’ minds even when they don’t need tax preparation. Business tax preparation.

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RitaKeller

APRIL 11, 2023

Risky Records is a video podcast that discusses risk management topics for accounting firms with special guests from the legal, accounting, and insurance professions. McGowanPRO has announced the second episode of their new podcast, Risky Records! Click the button below to listen!

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CPA Practice

MAY 22, 2023

If not, it’s time to conduct one as it is not only a good practice but is required for any individual or firm that electronically file tax returns. In this article we will outline not only the legal requirements but the best practices we have identified in our consulting with firms and in providing accounting firm security briefings.

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Going Concern

APRIL 12, 2024

ICYMI: These are the most-read articles on Going Concern this week: Tax Preparer Finds Out in the Worst Way Possible That ERC Wasn’t a Free Money Glitch Survey Says: Which Group of Auditors Are Most Satisfied With Their Salaries? Other clients were there as well with similar accounts, he said.

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PANALITIX

MARCH 14, 2021

Ts and Cs related to a firm’s operations in general; Terms of Engagement specific to the type of project being proposed (tax preparation, succession planning, CFO-type advisory services, etc.); And of course, you should always seek legal advice to make sure you’ve dotted all of the necessary “i’s” and crossed the “t’s”.

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PANALITIX

MARCH 7, 2021

Ts and Cs related to a firm’s operations in general; Terms of Engagement specific to the type of project being proposed (tax preparation, succession planning, CFO-type advisory services, etc.); And of course, you should always seek legal advice to make sure you’ve dotted all of the necessary “i’s” and crossed the “t’s”.

tax preparation 130

tax preparation Legal tax services Tax 130

SMBAccountant

NOVEMBER 17, 2021

Including the child support deduction in a lump sum payroll expense can also lead to legal issues. Even though the employee paid their child support by having it deducted from their paycheck, if the business doesn’t make the proper payments it can cause legal issues for the parent. So, what should a small business do? Many do nothing.

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ThomsonReuters

APRIL 28, 2022

The exclusion does not apply to services that might be related to retirement planning, such as tax preparation, accounting, legal, or brokerage services. The lack of guidance defining excludable retirement planning services raises some interesting line-drawing questions.

tax preparation 105

tax preparation Education income tax Legal 105

CTP

MARCH 9, 2022

Visit social media or google these days and you’ll most likely see advertisements for Tax Planning. But many taxpayers (and even tax pros) are confused about the differences between tax planning and tax preparation. Nothing I am suggesting has anything whatsoever to do with illegal or “gray areas” of tax law.

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ThomsonReuters

NOVEMBER 8, 2022

Use automation to generate tailored document request lists and the retrieval of documents while using APIs to automate integration with your tax, document, and workflow software. . Tax preparation. Automate workpaper preparation and data entry with an option to outsource data verification. Unlock client insights.

Technology 105

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MyIRSRelief

FEBRUARY 1, 2023

Scope of practice: CPAs are trained in a wide range of accounting and financial topics and may provide a variety of services, including auditing, tax preparation, and financial planning. EAs are specifically licensed to represent taxpayers before the Internal Revenue Service (IRS) and to advise on tax matters.

Tax 147

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Shay CPA

FEBRUARY 28, 2024

D&O [Founder Shield], liability, workers’ comp) Legal & Professional (e.g., Gusto, Justworks) Rent (including WeWork/coworking spaces) Taxes (e.g., Delaware Franchise Taxes) Training/education Utilities (e.g., Plus, meeting with your CPA sooner rather than later clarifies your tax liability for 2024. We can help.

Tax 52

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MyIRSRelief

OCTOBER 2, 2023

Accounting, Tax and Bookkeeping for New LLCs If you’ve formed a limited liability company (LLC) in the Los Angeles area, you’ll need to have a more comprehensive accounting system in place than if you were a sole proprietor. This is because LLCs are separate legal entities from their owners.

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ThomsonReuters

JULY 25, 2023

In addition, recent research from Thomson Reuters on generative AI (which centers around content creation) uncovered a mix of optimism and caution from legal and accounting professionals.

Technology 98

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Going Concern

JANUARY 4, 2024

Glenn provides strategic input to executive leadership, manages the firm’s legal department, and oversees a wide variety of legal matters. State & Local Tax Services). Melton works in all areas of tax preparation and primarily focuses on individual, estate and trust preparation and planning.

Real Estate 56

Real Estate Hospitality Construction Texas 56

ThomsonReuters

SEPTEMBER 7, 2023

Jump to: Child and dependent care credit FAQs What is kiddie tax? What is the adoption tax credit? Claiming children on taxes Choosing the best tax preparation software As all working parents know, the cost of child and dependent care can be a significant financial burden.

Tax 52

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CPA Practice

AUGUST 29, 2023

Although 57% of users say that they prefer fintech to handle routine financial tasks, they still rely on their accountant to handle nuanced services like tax preparation or estate planning. The limits of the technology are most apparent when it comes to dealing with complex needs.

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Going Concern

MAY 19, 2023

If angry scammers screaming at grandmas weren’t enough, there’s also a scam going around targeted not at tax payers but at tax preparers : via IRS “Dirty Dozen” It may get worse. Failure to do so may result in additional penalties, interest charges, and legal action. These guys: Satisfying.

Legal 56

Legal Tax tax preparation Retail 56

xendoo

APRIL 27, 2021

They can give tax savings advice, such as when to make capital purchases, what you can deduct, and how to reduce taxes on capital gains. They can identify opportunities to improve profit margin and business growth and keep you legal – preventing missed deadlines and noncompliance penalties. .

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inDinero Tax Tips

NOVEMBER 15, 2021

Hiring a tax professional can protect your company from costly errors and ensure you are aware of all your possible deductions. If you are wondering whether legal fees are tax-deductible or need help with miscellaneous itemized deductions , this guide will give you some clarity. . Are Legal Fees Tax Deductible in 2020?

Tax 52

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LyfeAccounting

FEBRUARY 14, 2021

What Can a CPA Do That Your Bookkeeper or Tax Preparer Cannot? Your tax preparer cannot represent you in court on a tax matter , a CPA can. Your accountant or tax preparer does not have to keep up with new accounting or tax laws that may affect your business.

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xendoo

APRIL 8, 2022

Legal, accounting, and professional fees. Let’s take a look at each of these small business tax deductions in-depth. If you have family members that work in your small business, there are some additional tax considerations. If a family member is under 21, you may not need to pay FUTA or federal unemployment tax for them. .

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CPA Practice

AUGUST 15, 2023

Understand your legal and regulatory obligations, develop adequate policies to secure client data and protect your practice. Ann Campbell , CPA CIA, joined Drake Software in 2021 as a Tax Software Trainer. Already registered for this webinar? Click here to log in.

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