Going Concern

SEPTEMBER 25, 2023

along with Palos Hills accountant Sharhabeel Shreiteh, were indicted on charges on Tuesday, claiming that they reportedly engaged in fraud in connection with the Payroll Protection Program that was created to help small businesses during the COVID-19 pandemic, federal prosecutors said. Tracy Mitchell, the owner of House of Deals, Inc.,

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CPA Practice

MAY 17, 2023

The IRS is planning to roll out its own free online tax-filing system in a move that could put the agency in direct competition with online tax preparation behemoths like Turbo Tax and H&R Block. This report changes none of that.” [ Leada Gore of al.com contributed to this report. ]

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Accounting Today

MARCH 27, 2024

Is the payroll specialist an endangered species? Are the days of the tax preparer who focuses on basic 1040s numbered? Is the age of the bookkeeper coming to an end?

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xendoo

SEPTEMBER 28, 2021

Due to the unprecedented challenges of 2020, the IRS extended the traditional income tax filing deadline to May 17, 2021. While it remains to be seen whether they plan to do the same for the 2021 tax year, it is a strong possibility. . The current deadline for business tax preparation and submission is currently April 15, 2022.

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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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MyIRSRelief

NOVEMBER 3, 2023

Mike Habib, EA: Your Ally in Navigating Tax Problems Tax issues can be a source of significant stress and confusion. Whether it’s unfiled tax returns, unpaid back taxes, tax audits and appeals, or 941 employment payroll problems, these issues can seem insurmountable. Who are Enrolled Agents?

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MyIRSRelief

APRIL 22, 2024

Navigating tax issues can be daunting, especially when facing audits, unpaid taxes, or payroll problems. This FAQ guide provides insights into common tax problems and solutions available in Corona, CA. Discuss Payment Options: If you owe taxes, discuss payment options with your advisor. What should I do?

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MyIRSRelief

SEPTEMBER 20, 2021

. – Tax Liens. – Tax Planning & Tax Preparation. – Employment 941/940 Payroll Tax Problems/Disputes. . Call us toll free 1-877-78-TAXES [1-877-788-2937]. . Fee starts from $300 for basic tax preparation. – Offer in Compromises.

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Basis 365

MARCH 6, 2023

Are you tired of spending countless hours on bookkeeping, payroll, and tax preparation? By outsourcing, you no longer have to spend time and resources on financial tasks, such as bookkeeping, payroll, and tax preparation. Do you want to focus more on growing your business and achieving your goals?

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CPA Practice

APRIL 17, 2023

And now, the results are in: IN-FIRM TECHNOLOGIES Federal/State Income Tax Preparation Insight : As was true in every year of voting, the tax prep system category is always the most voted-on, with nearly all respondents selecting a preferred system. We thank the more than 5,000 professionals who participated in voting this year.

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CPA Practice

MAY 5, 2023

By Alex Gault, Watertown Daily Times, NY (TNS) Nearly a million businesses are owed an employee retention credit for keeping their staff on payroll through the early days of the COVID-19 pandemic, and Sen. At the height of the pandemic, thousands of small businesses did the right thing and kept their employees on payroll,” Gillibrand said.

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inDinero Tax Tips

MAY 21, 2021

If that sounds like your business, the R&D tax credit and the payroll tax offset should absolutely be part of your tax strategy. The R&D tax credit wasn’t always available to small businesses. Until 2015, the credit had been subject to renewal by Congress, making it less reliable as a tax strategy.

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CPA Practice

NOVEMBER 14, 2023

Features include automated bank feeds, bank reconciliation, financial statements, 1099 tracking, and a seamless transition to tax preparation. Get more information and details on all the latest updates across QuickBooks Payroll. Learn more about QuickBooks Ledger.

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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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CPA Practice

APRIL 9, 2024

Fraudulent Schedule H: Another scheme encourages people to invent fictional household employees and then file Schedule H- Household Employment Taxes , to claim a refund based on false sick and family medical leave wages they never paid. It is not a form the average taxpayer can use to avoid tax bills, the IRS said.

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LyfeAccounting

DECEMBER 7, 2020

?. Today, we’re going to be deep-diving into US payroll taxes. And after helping hundreds of businesses with their accounting and taxes, we know a thing or two about it. Note that for guidance or advice specific to your business, you should consult with a tax or legal professional. Categories of US Payroll Taxes.

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Going Concern

SEPTEMBER 15, 2023

Chattanooga Times Free Press has written quite the story about legacy accounting firm Croft & Frost abruptly laying everyone off earlier this week after months of issues making payroll. “There may be a slight delay on the payroll,” he said. Thanks to the tipsters who sent this over because holy s**t.

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CPA Practice

DECEMBER 15, 2023

Accounting software also simplifies tax preparation by identifying taxable income and deductions with ease. Xero also works with Gusto Payroll, offering users payroll services as well. Ask dozens of accounting professionals and most will agree that using accounting software is an important part of managing a business.

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MyIRSRelief

APRIL 29, 2024

Manufacturing and Construction: From specialized manufacturers to construction companies rebuilding LA’s infrastructure, these industries require assistance with depreciation schedules, property taxes, and payroll tax compliance. to minimize your tax burden and maximize profits.

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CPA Practice

JANUARY 26, 2024

The ERC is a refundable tax credit that was enacted during the height of the pandemic to encourage businesses to keep their employees on payroll. These educational sessions will help tax preparers navigate the complexities of ERC claims to ensure they’re in compliance with U.S.

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ThomsonReuters

MAY 6, 2022

Many CPAs offer consulting services alongside regular tax preparation, which helps create additional revenue for the firm and provides additional support for clients. Offering more services than just tax preparation is beneficial because it ensures an accounting firm has more cash flowing from different areas.

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MyIRSRelief

APRIL 14, 2023

Mike Habib’s areas of expertise include tax audit representation, tax debt relief, tax planning, and tax preparation services. He has helped clients with a wide range of tax disputes, including back taxes, wage garnishments, bank levies, tax liens, payroll 941 issues and more.

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MyIRSRelief

FEBRUARY 1, 2023

Our Whittier, Los Angeles, CA tax representation firm represents audited taxpayers before the IRS & Appeals, contact us today at 1-877-78-TAXES [1-877-788-2937]. How to resolve employment 941 payroll taxiety problems? if you do not pay your tax debt.

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CPA Practice

FEBRUARY 3, 2023

Rendon, 31, did not use the proceeds for her company’s employee payroll expenses or other overhead costs, as required by law under the Small Business Administration Paycheck Protection Program, according to an indictment. Hines pleaded guilty to wire fraud and was sentenced to more than six years in prison.

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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. Offer Business Performance Insights Business owners that use external tax preparation services often do not have in-house managerial accounting expertise.

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Accounting Today

MARCH 6, 2024

The service-providing sector added 110,000 jobs for the month, including 5,000 in professional and business services such as accounting and tax preparation.

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CPA Practice

JANUARY 29, 2024

Filing electronically reduces tax return errors as the tax software does the calculations, flags common errors and prompts taxpayers for missing information. Taxpayers with income of $79,000 or less last year – and that’s most taxpayers – can use IRS Free File Guided Tax Software now through Oct 15.

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xendoo

SEPTEMBER 10, 2021

Corporate tax preparation . Getting behind in your books also can leave you vulnerable to fines and audits when it comes to taxes or payroll. . Business Tax Preparation and Filings. Taxes represent a unique SMB bookkeeping demand. Financial statements . Accounts Payable and Receivable.

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CPA Practice

MARCH 26, 2024

Lorquet, who attended high school in Miami Springs but did not graduate, submitted an online Paycheck Protection Program loan application on June 3, 2020, for Miami ENT to BlueVine, a California loan processor, claiming he had 10 employees and an average monthly payroll of $86,258. It took only two days for him to receive the funds.

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CPA Practice

JUNE 20, 2023

Is it tax firms only, or, do firms who do CAS (with or without Payroll) need to comply as well? All firms who provide tax prep services for their clients are subject to both because providing paid tax preparation services is called out specifically in both publications.

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xendoo

AUGUST 9, 2021

It is also necessary to meet government regulations and for proper tax preparation. Corporate tax preparation . Payroll and more. Bench is a cost-effective, no frills online accounting service that offers bookkeeping, payroll, and other services. Tax preparation services. Financial advice.

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MyIRSRelief

MAY 1, 2024

They stay current on the latest regulations, ensuring your business maximizes legal tax breaks on forms like 1120, 1120S, and 1065, while minimizing liabilities. Compliance Navigation: Tax compliance goes far beyond just filing. Time Efficiency: Tax preparation and research are notorious time-sinks.

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CPA Practice

AUGUST 15, 2023

She is the CEO of CorpNet , the smartest way to start a business, register for payroll taxes, and maintain business compliance across the United States. Depending on the state, a registered agent can be: At least 18 years old and a state resident A business owner (e.g.,

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Going Concern

AUGUST 25, 2023

sent letters to the executives of Intuit, H&R Block, the American Coalition for Taxpayer Rights and the Free File Alliance, a group of tax preparation companies that provide free online services through the IRS website. Elizabeth Warren, D-Mass., Katie Porter, D-Calif., So how come relationships between the two often go wrong?

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Snyder

JULY 13, 2022

CAS expands beyond the traditional scope of bookkeeping and tax preparation. Client advisory services cover various areas – advanced reporting, business efficiency, payroll management, tax preparation and filing, human resources management, and software management just to name a few.

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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.

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Withum

MARCH 20, 2024

For the latest news and updates on Montana state and local tax March 20, 2024 Montana Releases Pass-Through Entity Tax Common Issues to Avoid Authored by: Jessie Racioppi and Penny Sweeting , CPA The Montana Department of Revenue released “Common Errors to Avoid when Filing Form PTE – Tax News You Can Use.”

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