How Much Is a Tax Consultant?


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. What Does a Tax Consultant Do?

Tax Consulting Firm Creates A Seamless Hub For Collaboration And Communication With Microsoft Teams


Case Studies Microsoft Teams Office 365


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5 Common Sales Tax Mistakes That Can Put You At Risk for Non-Compliance


You’re trying to run a business and sales tax is not at the forefront of your plans. Make sure you aren’t making these common mistakes to ensure you have sales tax in order and aren’t at risk for penalties and fees in the case of an audit.

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Withum Welcomes Lynn Mucenski-Keck


Withum is excited to welcome Lynn Mucenski-Keck to the Firm’s National Tax Services Group in the role of Principal, specializing in tax planning for businesses.

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The Fortune 100 Best Companies to Work For: Plante Moran #30 (2022)

Going Concern

Here’s why Plante Moran made this year’s ranking, according to Fortune : A strong company culture can engender employee loyalty—and Plante Moran, one of the nation’s largest audit, tax, consulting, and wealth management firm, puts a big emphasis on strong and consistent leadership.

US Expat Tax Help – Professional IRS help for Americans living overseas


Americans living abroad, expatriates, are not immune from having to pay US Federal Income Tax and even some states do as well. Unfortunately, there are some people who mistakenly think that as soon as they leave the United States that they are no longer responsible for paying taxes.

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6 (Not So) Simple Steps to Sales Tax Compliance


Sales tax is complicated. Many sales tax companies will tell you it’s simple with their solution, but when you take a look at all that goes in to compliance – you will understand that no technology can fully automate or manage sales tax without a good bit of project management from your side.

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Friday Footnotes: PwC’s Turn For a Probe; Accounting Professor Does a Naughty; The IRS is Hiring | 3.11.22

Going Concern

PwC Becomes Latest Subject of Investigations [ Bloomberg Tax ] Paul Brehony of Signature Litigation LLP looks at the growing number of investigations by the U.K. plans to hire 10,000 workers to clear a tax return backlog. [ ‘Big Four’ Targeted Again in U.K.—PwC

How to boost the tax capabilities of a general practice

Mark Lee

Every now and then I hear about general practice firms of accountants that want to boost their abilities to help clients with more complex tax maters. Recruit a tax manager. Some firms recruit a tax ‘manager’ in the hope that he or she will fill the gap.

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Penta Offers Digital Accounting, Receipt Services


Linking that kind of document to the DATEV Unternehmen through the DATEVconnect online interface, users will have the ability to hand over documents quicker and easier to tax accountants, according to the release.

How Long Does It Take an Accountant to Do Taxes?


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.

What to Expect From a Bookkeeping Price Package


Your books are up to date with your dedicated financial team, financial insight is at your fingertips, and you are always tax-ready. Your plan also includes profit and loss statements, balance sheets, monthly trend graphs, a standard chart of accounts, tax returns *, tax consulting*, and more.

Eleventh-Hour Pandemic Relief – What a Homeowner Should Know


Most of these provisions are included in the Additional Coronavirus Response and Relief (“ACRR”) and the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (“TCDTRA”) Divisions of the Act. The second round of Recovery Rebates authorized by the Act are direct credits against 2020 taxes.

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The Best Online Accounting Software for Small Businesses


A skilled accountant will keep you tax compliant and ensure that you’re always in-the-know and focused on the big picture when it comes to your financials. Wave is owned by the tax preparation company H&R Block and offers online financial software designed with entrepreneurs in mind.

How to Change from an LLC to an S Corporation


You may have outgrown your current legal status and it’s time to change from an LLC to S Corp to gain additional tax benefits that you’ve earned! The main differences between an LLC and an S Corp are: An S Corporation isn’t a business entity like an LLC—it’s an elected tax status.

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Bookkeeping Services Rates: A Complete Guide


More complex services, such as tax planning and catch-up services, will require additional time and attention. Advanced services such as tax planning and preparation also tend to be cyclical. Business tax preparation. Tax filing. Personal tax preparation.

How Small Business Bookkeeping Solutions Can Make Your Life Easier


Small business bookkeeping services can support you with everything from simple data entry to offering more in-depth tax filing services and business consulting. It is a full service bookkeeping package and includes a business and state tax return.

Tenth Anniversary of Blog


While the demand for quality auditing and tax consulting is greater than ever, advisory services are fast-growing. This is the 1,005 th blog I posted in the last ten years, and today will start my eleventh year of these blogs.

When You Need to Hire a Pro: Online Accounting Service for Small Business


based financial team—bookkeeping, tax consulting, and tax filing all under one roof, available 24/7. Online accounting software keeps your books up to date and tax-ready, giving you the ability to forecast and make strategic decisions as needed.

10 Reasons Your Small Business Needs a Bookkeeper


Do you need someone who can help you file your taxes and stay compliant? . A small business bookkeeper or bookkeeping service can support you with everything from simple bookkeeping to offering more in-depth tax filing services and business consulting.

Investing In The Startups That Invest In Innovation


It could be in IT, it could be in manufacturing, pharmaceuticals — the core similarity between all of them is that they have an R&D spend, and they attract tax credits. Venture debt funding is provided by Merchant Advance Capital, which is launching the Venbridge name while also providing tax consulting services to SMBs that focus heavily on R&D. Two, Helman said it can take, on average, 18 months for these tax breaks to actually reach the company.

New SBA PPP Loan Forgiveness Portal | Apply for Forgiveness Easier


Payroll tax filings. But if you have any questions or if you have had issues getting your PPP loan forgiven, then work with our tax consultants today. Our expert team can definitely help you with your concerns about taxes and more.

How To Opt-Out of Monthly Child Tax Credit Payments


How to opt-out of monthly child tax credit payments? You can do so because the IRS just released a new tool on their website to help families manage all their child tax credit payments. So in this post, we’re going to talk about how to opt-out of monthly child tax credit payments.

Tax Credits vs Tax Deductions: Which One Is Better in 2021?


Tax credits vs tax deductions: What is the difference? Now, of course, no one really wants to pay more than their fair share of taxes. And understanding the difference between tax deductions and tax credits can give you more confidence that you are not paying too much in taxes.

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Tax Refund in 2021: Why You Still Don’t Have Your Money


Where is my tax refund? This is a question we get asked all the time when our clients have done everything right and yet they still haven’t received their tax refund. Well in this post, we want to help eliminate all of the questions and confusion around: Where your tax refund is?

PPP Loan 2021 – FAQ & How To Get Approved + Forgiven


You had paid salaries and payroll taxes or paid independent contractors. Second, you can use your 2019 and 2020 annual tax returns to confirm the revenue reduction. ?. Alright, so we know a fresh round of PPP funds, by the tune of billions, should be here at any moment.

IRS Audit Red Flags & Triggers: How the IRS Catches You


In most of our previous posts, we’ve been busy revealing all of the ways to help you save on taxes and claim every deduction and tax credit as much as you can. So when someone claims 100% business use of a vehicle on their taxes, IRS sharks start circling. It’s true….

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Tax Brackets 2021 Explained: How Much Tax Will You Pay? How Tax Brackets Work!


Let’s talk about tax brackets for 2021. What Stayed The Same in Tax Brackets 2021? This tax season , what are the things that remain unchanged? Well, the number of tax brackets did not change in 2021. T here are still a total of seven tax brackets.

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Copy Amazon’s $0 Tax Strategy! How to Write Off Taxes (Easy Guide)


We’ve all heard it before… Amazon paid $0 in taxes while making over 11 billion dollars in profit. And while most businesses were paying their fair share of taxes, in 2018, Amazon received a rebate of $129 million. How to Write Off Taxes Like Amazon. Tax Credit Carryforwards.

Tax Benefits & Differences: Sole Proprietor vs. LLC vs. S-Corp vs. C-Corp | Which Business Entity is Best?


?. Which business entity is going to save you the most money on your taxes? Now, your tax expense can greatly vary based on the entity you select here. So by the end of this post, we hope that you’re saving thousands and not paying thousands more than you have to in taxes.

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Single Member LLC: What You Need to Know This Tax Season (2021)


We will also be discussing a typical operating agreement, how taxes work, and compare it against sole proprietorship. It is no longer attached to and identified with the owner for tax or liability purposes. How a Single Member LLC is Taxed. Self-employment Taxes. tax rate.

Tax Benefits of S-Corporation: How Does a S-Corp Save Taxes?


?. What are the tax benefits of S-Corps? And here’s a quick note: We recently saved our client over $95,000 in taxes by making one small change – you guessed it right, helping her switch from an LLC to an S-Corp. 4 Tax Benefits of S-Corps. FICA taxes. $0.

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Small Business Tax Filings – Everything You Need to Know to Avoid IRS Penalties!


?. In today’s post, I’ll be going over everything you need to know about tax filings for your small business and how to stay out of trouble with the IRS. Types of Business Structures and Tax Filings For Each. Form Schedule C is not actually a separate business tax return.

Small Business Tax Deductions: Pay Less in Taxes with Business Deductions in 2020


?. In federal taxes you owe $78,435.72. Look, those were like your tax liabilities from last year. So I’d say, learn how to use small business tax deductions to lower your liability. Because you definitely don’t want to spend more in taxes for another year.

How to Write Off Your Dream Car Tax Free in 2021


And what if we told you the business tax code was actually set up for you to do so? Now unless you’re an accountant reading this then we know you didn’t go to school to learn taxes and you probably don’t spend your weekends binge reading the tax code.