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IRS Is Developing Its Own Free Tax Preparation System

CPA Practice

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. The IRS looks forward to engaging with stakeholders around this important topic in the months ahead.

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IRS Is Developing Its Own Free Tax Preparation System

CPA Practice

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. The IRS looks forward to engaging with stakeholders around this important topic in the months ahead.

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Nonprofit 990 Tax Compliance: Navigating Challenges with an Enrolled Agent

MyIRSRelief

Handling Volunteer Labor and Related Issues Nonprofits often utilize volunteers, but this can lead to tax-related complexities, particularly concerning reimbursement and compensation. Common 990 Compliance Issues: preparation & planning Misclassification of volunteers as employees, leading to potential payroll tax liabilities.

Tax 130
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Why Hiring a Tax Pro Boosts Your Small Business (and Saves You Money)

MyIRSRelief

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.

Tax 130
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10 Best States to Pursue a Career in Accounting

CPA Practice

On average, the annual salary for a controller is $104,972, outearning both tax preparers ($90,918) and senior accountants ($78,704). All contents copyright 2023 The Kiplinger Washington Editors Inc. Distributed by Tribune Content Agency LLC

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More Than a Tech Upgrade: How AI Investments Can Sharpen a CPA Firm’s Competitive Edge

CPA Practice

Many have now adopted intelligent process automation (IPA) — RPA enhanced with AI and machine learning — to streamline and improve the quality of more complex work like tax preparation and payroll processing. operations, based in the Washington, D.C., The company has more than 300 locations worldwide. metropolitan area.

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Year-End Business Tax Strategy for Skagit County SMB Owners

SkagitCountyTaxServices

Year End Business Tax Strategy #1: You’re the boss. If you have employees, you have some special tax preparations to think about concerning tax preparation this year. Year End Business Tax Strategy #2: Timing’s everything. You want that money sooner so you can be taxed on it in 2021.