Going Concern

APRIL 24, 2025

TAX & ACCOUNTING CANDIDATES FTE Tax and Accounting Senior | Candidate ID #24143645 Certifications: EA Education: BA Accounting Experience (years): 9+ years accounting and tax experience Work experience (detail): All in public accounting Currently a tax senior 200+ SMB and HNWI returns per season Review of 40%, prepares more complex returns Tax (..)

Real Estate

Menzies

JULY 14, 2025

Client profile Touchlight are a DNA development and manufacturing company that has developed an innovative, synthetic DNA vector and enzymatic manufacturing process, which enables them to produce DNA at unprecedented speed, scale and purity. Menzies LLP - A leading chartered accountancy firm.

corporation tax

Going Concern

JULY 24, 2025

TAX CANDIDATES FTE Tax Senior | Candidate ID #10137751 Certifications: CPA Education: BSBA Accounting Experience (years): 9+ years accounting and tax experience Work experience (detail): 5+ in public accounting Prepared 200+ tax returns Estimated payments, tax planning Monthly, quarterly, annual financial statements Client niches: SMBs, Services, (..)

Real Estate

Withum

JUNE 8, 2022

The Notice identifies an additional 101 taxable substances that are subject to the excise tax and requires reporting on Form 6627 , relating to Environmental Taxes, which is attached to Form 720 , the quarterly Federal excise tax return. Business Tax Services. See Exhibit B for a list of these substances.

Tax

CPA Practice

SEPTEMBER 12, 2024

He was most recently member-in-charge of the assurance services department and served as practice leader for the firm’s manufacturing/wholesale/distribution (MWD) industry team and the firm’s employee benefits plan team. Before joining Brady Martz, he served as President of Engineered Tax Services, Inc.

Kansas

Nancy McClelland, LLC

APRIL 7, 2023

To operate on a cooperative basis for tax purposes, a company must meet specific tax rules in Subchapter T of the Internal Revenue Code. Attendees will also learn about the taxation of the member/patron, and the Form 1120-C that is used by Subchapter T cooperatives for filing its tax return.

Agriculture

Withum

JUNE 1, 2022

Over the past two years manufacturers and resellers have struggled to maintain inventory levels due to global supply chain issues, and now are facing the highest inflation rates since 1981. Under the various safe harbor proposals, the amendment of a prior return would not be necessary. Business Tax Services. Contact Us.

business tax

Cherry Bekaert

MAY 3, 2024

Expanding business operations globally allows companies access to new markets, more efficient manufacturing options, new technologies, a larger workforce and new sources of inventory. Therefore, a well-thought-out global tax management strategy will be imperative to the success of your global business activities. income tax return.

Tax

Going Concern

JUNE 13, 2024

TAX CANDIDATES FTE Senior Tax Accountant / Manager | Candidate ID #21844350 Certifications: CPA Education: BSBA Accounting, MS Accounting Experience (years): 6+ years in tax and accounting Work experience: 6+ with the same CPA firm Prep and review of tax returns Leads a team of 5+ Accountants Manages client engagements Client niches: Real estate, Construction, (..)

Real Estate

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. What we can do however, is look at a few common examples, including: Healthcare, life sciences, technology, and manufacturing.

Tax

Withum

NOVEMBER 17, 2022

Specifically targeted industries, such as technology, manufacturing, agriculture, or film. 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.

tax planning

Withum

AUGUST 7, 2023

For-profit entities claim the Commercial Clean Vehicle Credit on their income tax return. For-profit entities will need to reflect an income tax liability to receive an immediate benefit from the credit. What Is Considered a Commercial Clean Vehicle? Lastly, there is no MSRP limitation on the vehicle being purchased.

income tax

Going Concern

MAY 8, 2025

TAX & ACCOUNTING CANDIDATES FTE Accounting and Tax Senior | Candidate ID #24149531 Certifications: CPA Education: BS, MBA Accounting Experience (years): 9+ years accounting, audit and tax experience Work experience (detail): 5+ in public accounting Conducted audits of insurance companies Full cycle accounting and tax services for SMBs Federal, (..)

Real Estate

Withum

AUGUST 11, 2022

When trying to understand whether the Superfund Excise Tax is applicable, companies must decipher whether the substance is deemed a taxable chemical under §4661 or a taxable substance under §4672. The IRS provides three acceptable approaches when determining the excise tax imposed on imported §4672 taxable substances. Contact Us.

Tax

inDinero Accounting

DECEMBER 5, 2023

However, the IRS rules surrounding this tax break are complicated and go beyond what we’ve covered in this article. If you want to dive deeper into this topic, you can connect with one of the experts on our business tax services team. This would come to a capital gains tax bill of $140,000 ($500,000 * 0.28).

tax return

Withum

AUGUST 7, 2023

The remaining $3,750 of the credit is available for a clean vehicle purchased prior to January 1, 2024, provided 50% of the components contained in the battery are manufactured or assembled in North America. For the 2023 taxable year, the new clean vehicle credit can only be claimed when filing an individual tax return.

income tax

Going Concern

FEBRUARY 16, 2024

Apparently the local news has had this amateur CPA on their radar since at least 2020: Krystal clear – customer says shady businesswoman an “expert at frauding people” [ FOX 2 Detroit ] Krystal friended Chrissy on Facebook and said her company “Card Virtual Tax Service” could get her a big refund and take a percentage.

Real Estate

Withum

AUGUST 24, 2023

The domestic content rules are satisfied with respect to an energy project if the taxpayer certifies that any steel, iron, or manufactured product that is a component of such an energy project was produced in the United States. How Do I Claim a Federal Energy Project Income Tax Credit? The energy credit is non-refundable.

Tax

CPA Practice

SEPTEMBER 17, 2024

Since joining the firm in 2021, Brianna has excelled in accounting, auditing, compliance, financial statement preparation, tax return preparation, and special projects. Nathan, who joined the firm in 2022, has shown outstanding proficiency in accounting, compliance, tax return preparation, business valuations, and special projects.

Construction

xendoo

APRIL 3, 2023

You can always use a business tax service like Xendoo and a tax CPA can do it for you. CFO services? You are also allowed to carry forward tax credits. If you haven’t reached your general business credit limit this year, you can apply the unused credits from past years on this year’s return.

Tax

xendoo

APRIL 3, 2023

You can always use a business tax service like Xendoo and a tax CPA can do it for you. You are also allowed to carry forward tax credits. If you haven’t reached your general business credit limit this year, you can apply the unused credits from past years on this year’s return.

Tax

Withum

JULY 26, 2023

Any adjustment needed for a 2022 federal income tax return already filed which included the capitalization of research and experimental expenditures can either be amended or, at the taxpayer’s election, be treated as an automatic change in the method of accounting in the 2023 taxable year.

Tax

Withum

JULY 26, 2023

An eligible taxpayer can transfer any portion of an eligible credit on its original tax return. Contact Us For more information on this topic, please contact a member of Withum’s Business Tax Services Team. For example, a taxpayer that purchases a credit cannot subsequently sell the same credit.

Tax

Withum

AUGUST 17, 2022

The Inflation Reduction Act of 2022 signed into law by President Biden on August 16, 2022 includes significant changes related to electric vehicle tax credits. Depending on the auto dealership that is chosen, an individual may not have to wait until the filing of their income tax return to benefit from the credit. Contact Us.

Tax

Withum

MARCH 12, 2024

There are some limited end runs around section 280E, and it is not clear if the company received its tax refunds because it did not fully utilize those strategies in prior years and simply amended its tax returns to take advantage of them now. Let’s Chat The post Cannabis Tax Frenzy appeared first on Withum.

Tax

Going Concern

NOVEMBER 10, 2023

Errors made by the academics included failing to identify the correct firm as the auditor — both Deloitte and KPMG had been named as auditors of entities that are audited by PwC — and there were scandals manufactured in the artificial intelligence output.

audit

Withum

AUGUST 17, 2022

The Inflation Reduction Act of 2022 signed into law by President Biden on August 16, 2022 includes significant changes related to electric vehicle tax credits. Depending on the auto dealership that is chosen, an individual may not have to wait until the filing of their income tax return to benefit from the credit. Contact Us.

Tax

Going Concern

APRIL 14, 2023

million) for its audit of lighting manufacturer Luceco (LUCEL.L) Tax season is particularly appealing to threat actors because not only are people busy and under stress, but it is intrinsically tied to financial information. KPMG fined 875,000 pounds for failures in Luceco audit [ Reuters ] KPMG has been fined 875,000 pounds ($1.09

Tax

Withum

MAY 13, 2025

However, this could be adjusted upon Senate review, as the Senate adjusted a similar provision under the Tax Cuts and Jobs Act, limiting adjusted taxable income to EBIT for certain years. Specified taxes include state and local real property taxes, personal property taxes and income taxes.

Tax

Withum

MAY 13, 2025

However, this could be adjusted upon Senate review, as the Senate adjusted a similar provision under the Tax Cuts and Jobs Act, limiting adjusted taxable income to EBIT for certain years. Specified taxes include state and local real property taxes, personal property taxes and income taxes.

Tax