Cannabis Tax & Accounting

MyIRSRelief

You need to get EA, CPA help with Cannabis Accounting & Tax if you are going to have a thriving cannabis-based business in Los Angeles or Southern California. Along with the accounting issues, it is one of the most heavily regulated industries in the country. Tax Help

Tax & Accounting Service – Preparation, Planning, Representation

MyIRSRelief

Tax Help? IRS – FTB – CDTFA – EDD tax help. . We provide specialized tax & accounting service for individuals and or businesses facing IRS or State tax problems such as: – Back Taxes . – Tax Audits. – Tax Liens.

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Tax Account Review – TAR or Discovery

MyIRSRelief

For Los Angeles, and all over America, individuals or businesses who are concerned about the information they receive from the Internal Revenue Service (IRS) about their taxes, a tax account review – TAR may be the answer. What is a Tax Account Review or TAR, Discovery?

Nominations Open for 2022 Tax & Accounting Innovation Awards

CPA Practice

Now in their 19th year, the CPA Practice Advisor Tax and Accounting Technology Innovation Awards highlight technologies that are shaping the tax and accounting professions, and the small businesses they serve, through increased collaboration and.

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Flinchum and Manchir to Discuss ESOP Tax, Accounting, and Valuation Practices at Annual Great Lakes Regional ESOP Conference

Katz,Sapper&Miller

Katz, Sapper & Miller’s Mark Flinchum and Andy Manchir will present at the Fifth Annual Great Lakes Regional ESOP Conference. Taking place Oct. 17-18 in Sandusky, OH, the conference brings together the Indiana, Michigan, Ohio, and Kentucky chapters of The ESOP Association to discuss current topics pertinent to the ESOP community

Tax Benefits for Founders: Qualifying Small Business Stock (QSBS)

Shay CPA

But the amount you’ll be able to pocket hinges on how you handle your taxes. Fortunately for you, Section 1202 of the Internal Revenue Code (IRC), also known as the “Partial Exclusion for Gain from Certain Small Business Stock,” can help you limit your tax liability.

Tech Company Tax Tips – by Akshay Shrimanker, CPA

Shay CPA

Getting ready for tax season isn’t most people’s idea of fun. As a result, a lot of people feel tension at the mere mention of the word “taxes.” If you want to make filing your 2021 taxes a breeze, put these best practices to work. . Leverage an accounting system.

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Get Your Tech Company’s Books Ready for Tax Time in 6 Steps

Shay CPA

You still need to get all of your taxes squared away. . Prepping for doing your taxes isn’t most founders’ idea of a good time. If you’re organized heading into your tax filing meeting with your CPA, things go more quickly and smoothly. Taxes (i.e. By Kacie Goff.

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Accounting Top 100 Social Media Leaderboard

Accounting Web

Sales Tax Accounting Top 100 Social Media Leaderboard

Deep Dive: How Not To Lose A Bundle On Bundled Taxes

PYMNTS

Merchants’ marketing departments may find bundling useful, but their accountants are less likely to see it positively — determining individual items’ tax obligations in the different states into which they are sold can be challenging, and putting offerings into bundles only magnifies complexities.

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Startup Tax Preparation Resources for 2021

BurklandAssociates

A new tax season is underway, and Burkland’s startup tax accountants are working with our clients to prepare. In this article, we share a roundup of helpful 2021 tax preparation Read More. The post Startup Tax Preparation Resources for 2021 appeared first on Burkland.

Choosing the right firm for your Business Bookkeeping Services

MyIRSRelief

Bookkeeping is a very important part of any business and unless you have a dedicated department to handle yours, you should consider hiring an outside tax/accounting firm. Top 5 Reasons to hire a tax/accounting firm to service your businesses bookkeeping needs.

Sales tax and accounting services

TaxConnex

It’s that time of year again when everyone suddenly thinks about preparing their income taxes. But does tax preparation incur sales taxes – and if it does, where and how? For some 90 years, states have levied sales tax on goods (West Virginia was the first to do so , in 1921).

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Los Angeles Business Bookkeeping Services – Choosing the right firm

MyIRSRelief

Bookkeeping is a very important part of any business and unless you have a dedicated department to handle yours, you should consider hiring an outside tax/accounting firm. Hopefully, by the time you get to the end of this article, we provided you with enough reasons to choose to go with a tax/accounting firm that offers the best Business Bookkeeping Services. Top 5 Reasons to hire a tax/accounting firm to service your businesses bookkeeping needs.

Whittier 911 Urgent accounting help

MyIRSRelief

This article is for business owners who need emergency bookkeeping, accounting services to catch up on back years and unprepared books. When it comes to your business finances no one knows better than an accountant what you are going through. Bookkeeping & Accounting

Understanding use tax

TaxConnex

One such phrase is “sales and use tax.”. We sure know what “sales” tax is. What about Use Tax? Use tax is defined ?as as a tax on the storage, use or consumption of a taxable item or service on which no sales tax has been paid. Two types of use tax.

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Three Team Members Named to The Washingtonian’s Best Financial Advisers List

Withum

As tax accountants, their specialties include business tax , private client services , and estate planning and trusts. Withum is proud to share that The Washingtonian selected team members Joel Susco , Brian Wynne and Billy Thomas for their DC’s Best Financial Advisers list.

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Lost Accounting Data – Emergency Plan for Limited Company Contractors

Cheap Accounting

Some times accountancy data can be lost. They say that “a reasonable excuse is something that stopped you meeting a tax obligation that you took reasonable care to meet”. Company Accounts and Corporation Tax Return – annual filing. How to get a Business Tax Account.

Tax Planning for a Business Sale: Factoring in Goodwill

CTP

However, in the world of tax accounting, goodwill refers to intangible assets that increase a company’s value. The post Tax Planning for a Business Sale: Factoring in Goodwill appeared first on certifiedtaxcoach.

What is considered a tax write-off for your small business?

Basic 365

While we may not be tax accountants , we, too, look for ways to save money, and having tax write-offs is a great way to save your business some money. In that sprint, we’ve devised a list of some common tax write-offs that you might consider when preparing your taxes this season.

Here’s Everything We Know So Far About 2022 Accounting Salary Projections

Going Concern

With the ongoing Great Resignation across all industries and the critical pipeline problem contributing to a shortage of accountants , the profession is in a bit of trouble. Starting salaries in Tax and Audit are up ever-so-slightly from 2021: Tax. Senior tax accountant: 1.4%.

Beyond tax season: creating revenue stability year-round

ThomsonReuters

Tax season is a critically busy time of the year for accountants, and we all know the stress that can come with such a high demand for services during that part of the year. Why revenue stability is important for small and mid-sized tax and accounting firms.

Sales and Use Tax Updates from February

TaxConnex

There’s always something changing in the world of tax, especially sales tax. The Sunshine State previously bet a lot on tourism revenue making up for not taxing internet sales – but the pandemic has wrecked that industry. Texas sales tax collections totaled $3.07

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IRS Looks for Its Share of Cryptocurrency and NFT Growth

Withum

Most tax accountants would not be described as “hip” and many struggle to be considered “tech savvy”. Countless persons are looking for help and are shocked when they learn of their potential tax bills. Let’s be honest.

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State Sales and Use Tax Update

TaxConnex

There’s always something changing or new going on in the world of tax, especially sales tax. In Alabama , tax licenses – including for sales tax, sellers use tax and the simplified sellers use tax – must be renewed annually as of Nov.

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KROST Predicts Another Record Year of M&A Advisory in 2022

KROST

KROST provides M&A expertise in valuation, deal negotiation, structuring, and financing, plus advice on the tax, accounting, and wealth management consequences of a transaction. “We

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High-Income Taxpayers Who Owe Delinquent Back Taxes Could Be More Effectively Prioritized

MyIRSRelief

A separate IRS analysis of 64,317 delinquent tax cases showed that the IRS collected less than 50 percent of tax debt owed by these high-income taxpayers within 52 weeks of assignment to Field Collection. The intentional failure to pay Federal income tax is a crime.

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How do I choose what entity type my business should be?

Basic 365

Choosing your entity type really crosses two disciplines, legal and tax. The tax side, which is closer to the accounting side, relates to selecting the appropriate business type that minimizes unintended tax liabilities. Tax Foundation, 21 January 2015, [link].

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Press Release – KROST Posts Record Year of M&A Advisory in 2021, Expects Trend to Continue in 2022

KROST

KROST provides M&A expertise in valuation, deal negotiation, structuring, and financing, plus advice on the tax, accounting, and wealth management consequences of a transaction. “We

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QuickBooks Updates in April: QuickBooks Business Network Roll Out, Desktop Migration, ProAdvisor Support Updates and More

SchoolofBookkeeping

Intuit QuickBooks is offering powerful tools that make work easier for small business and accounting professionals. Integrated accounts payable automation creates workflow efficiency. including domain experts with prior tax/accounting knowledge.

Representing High-Income Taxpayers Who Owe Delinquent Back Taxes

MyIRSRelief

A separate IRS analysis of 64,317 delinquent tax cases showed that the IRS collected less than 50 percent of tax debt owed by these high-income taxpayers within 52 weeks of assignment to Field Collection. The intentional failure to pay Federal income tax is a crime.

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4 Key Pieces of Your Sales Tax Compliance Process

TaxConnex

Both the process of reporting sales tax and the level of sales tax detail required varies from state to state. Some reporting requirements that should be considered in your sales tax compliance process are: 1. In most states, sales tax is reported to the individual state.

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KROST Business Intelligence – Real-Time Data Insights for Middle-Market Businesses

KROST

KROST CPAs and Consultants, a tax, accounting, and consulting firm based out of Los Angeles, has launched KROST Business Intelligence (KBI), offering dynamic insights into realization, staff utilization, project turnaround, and more. KROST also provides assistance with PPP Loans, Employee Retention Tax Credits, and Restaurant Revitalization Fund (RRF). Pasadena, CA.

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Salaries

RitaKeller

For example, here is the listing for an entry-level tax accountant in Cincinnati: 25th percentile: $41,000 -> $39,975 50th percentile: $50,250 -> $48,994 75th percentile: $59,500 -> $58,013. “These men ask for just the same thing, fairness, and fairness only. This, so far as in my power, they, and all others, shall have.” ” – Abraham Lincoln. I always get questions about salaries for the CPA profession.

Payroll problem tax debt relief – get professional representation

MyIRSRelief

One of the most important things that a business must report is certain tax information for employment payroll on a quarterly and annual basis. They are required by the IRS to report the amount of 941/940 employment payroll taxes that have been either withheld from employees or what they owe to the government. If they fail to do at the prescribed time they will have a payroll tax problem. What are payroll/employment 940/941 taxes relief. Tax debt relief.

How Much Is a Tax Consultant?

xendoo

If you own a business or earn a significant income, you may be wondering how to manage your tax situation and how much a tax consultant costs. There is a lot to consider when weighing the costs and benefits of hiring a tax consultant. How Do Tax Advisors Set Their Prices?

Do I need to submit a Tax Return if I work via an umbrella company?

Churchill-Knight

With just over a month to go until the self-assessment tax deadline, it is worth double-checking whether or not you have to submit a self-assessment tax return. In many cases, umbrella company employees won’t need to submit a tax return because they are taxed similarly to those in permanent employment (PAYE). However, any additional income may need to be disclosed to HMRC by submitting a tax return. What is a Self-Assessment Tax Return?

Busy Season Problems: Sunday Funday, Lost Tax Documents, In Need of Super Powers

Going Concern

We are officially one week away until our tax pro friends complete the long, arduous first leg of busy season. Let’s take a look at how things have been going for the Internet’s most vexed tax accountants in the last 48 hours or so: #taxseason observations: 1.

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How Long Does It Take an Accountant to Do Taxes?

xendoo

As tax season looms, you may be wondering whether you should have an accountant prepare your taxes. In addition to considering how much an accountant costs , you’ll also want to consider how long an accountant will take to do taxes compared to trying to do it yourself.

Los Angeles-Based CPA Firm Receives High Praise from Accounting Today

KROST

KROST CPAs and Consultants, Los Angeles-based firm, receives two new accolades from Accounting Today , Top 100 Firms, and Fastest-Growing Firms in the U.S. which is new to the regional list this year.” – Accounting Today. “It Pasadena, CA.