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Posts

• What is Accounting Frameworks?
• Wayfair on State Tax Compliance
• S Corporation
• 1. To get started
• 2. How to Update Professional Details?
• 3. How to login?
• 4. How to access Marketplace?
• 5. How to respond to projects listed by clients?
• 6. How to upload Agreements by Professionals?
• 7. Alternate Approach for uploading agreements
• 8. How to view and delete agreements?
• 9. How to use Invoices Module for each Project
• 10. How to generate Invoice
• 11. How to view, modify and cancel an Invoice
• 12. How to send an intimation to a client after Invoice generation
• 13. How to use Email Strings?
• 14. How to view & delete Saved Files
• 15. Email String Management
• 16. How to leave an Ongoing Project?
• 17. How to Change Password
• 18. How to Reset Forgotten Password?
• 19. Personal Agreements
• 20. Initial Interview
• 21. Compliance Plan Module
• 22. Calendar
• 23. All Correspondence
• The Impact of the Inflation Reduction Act on Cryptocurrency Regulation
• 1. To get started as a User
• 2. To create a new account 
• 3. How to add Entity details from Entity Dashboard
• 4. How to activate your account
• 5. To create an account with existing Google data
• How to Find a Tax Advisor: 5 Tips
• 6. How to login to our website
• 7. How to Add Marketplace Project
• 8. How to access Marketplace Projects
• 9. How to edit/modify Project Details
• 11. How to Hire a Professional?
• 12. How to view Professional Information (Alternative Method)
• 13. How to view Invoices generated by a Professional
• 14. How to change project status?
• 15. How to change a Professional during a Project?
• 16. How to use Email Strings – (User Related Queries/Concerns)?
• 17. How to use Entity Correspondence? – Entity Related Queries/Concerns
• 18. Initial Interview
• 19. Compliance Plan
• 20. Calendar
• 21. All Correspondence
• 22. Personal Agreements
• 23. Entity Agreements
• 24. Tasks
• 25. Billing Module
• 26. How to add Sub – User?
• 27. How to add an Advisor?
• 28. How to add an Auditor?
• Will You Have to Pay Taxes on the Canceled Debt If Your Student Loans Were Forgiven?
• Tax Tips For Your Crypto
• The Inflation Reduction Act increases the R&D Tax Credit for Startups by doubling it.
• The Inflation Reduction Act might expand and broaden energy tax incentives.
• Five Higher Education Tax Breaks
• The 2022 Inflation Reduction Act’s Key Tax Provisions
• What College Students Should Know About Filing Their Taxes
• Talking to your clients about the IRS
• Client Reluctance to Use Advisory Services? How to overcome it!
• Start-Up – Income Tax Deductions
• As a CPA, Now is the Time to Participate in Thought Leadership
• The Best Ways to Develop a Relationship with a Client
• C Corporations
• Sole proprietor
• S-corporation
• Limited liability companies (LLC)
• Partnership
• Personal taxes (Income tax)
• Corporate Income Taxes
• Payroll Tax
• Capital Gains Taxes
• Sales Taxes
• Gross Receipts Taxes
• Value-Added Taxes
• Excise Taxes
• Property Taxes
• Tangible Personal Property (TPP) Taxes
• Estate and Inheritance Taxes
• Wealth Taxes
• Enrollment Agent
• Certified Public Accountants
• Unenrolled Preparer (PTIN Holder)
• Revocation of S-Corporation
• LLCs and C Corps: Changing Legal Structures
• IRS Business tax forms
• How to Build a Scalable Company
• A Brief Summary Of Current Tax Issues – 28th September
• Why Tax Professionals Need a Mindset of Antifragility
• Identifying Your Firm Type to Select the Best Tax Tools
• What is Accounting?
• Income Statement
• Balance Sheet
• Cash Flow Statement
• Bank Reconciliation Statement
• Debit and Credit
• Account Receivable & Account Payable
• Accruals
• Amortization
• Annuity
• Assets
• Burn rate
• Capital
• Cost Of Goods sold (COGS)
• Depreciation
• Equity
• Expenses
• Fixed Cost
• Fiscal year
• Liability
• Revenue
• Variable Cost
• Gross Profit
• Net Profit
• Operating Profit
• One business bank account for all points of sale.
• All expenses should be itemized by the department.
• Maintain compliance with all income, employment, and excise taxes.
• Payroll system
• Determine the best payment gateway for your requirements.
• Understand your company’s tax responsibilities.
• Review and evaluate your processes on a regular basis.
• Speak with a professional or a CPA.
• Income tax rates for 2023 – Projected
• In Colorado, cryptocurrency is now accepted as payment for taxes.
• The IRS messed up a lot of child tax credit payments, according to an audit.
• Per diem rates are raised by the IRS.
• Conflicts of Interest: How to Handle Them Correctly
• IRS Issues Warning Amid Dramatic Rise in Scam Texts
• Update on 2022 Digital Security and Cybercrime
• The October FBAR Extension Deadline is quickly approaching.
• Tax extensions have been granted to Hurricane Ian victims.
• Managing and Increasing Your Clients’ Cash Flow
• The desirability of cryptocurrency falls
• Profit
• Taxes on Deferred Payroll Are Due Soon
• A Brief Summary Of Current Tax Issues – 1st November
• Douglas O’Donnell was appointed as acting IRS chief
• The IRS tax deadline for 2023 is April 18
• The Guidelines for New CPA Firms During a Recession
• Tax-Smart Ways to Buy Gold
• Accounting Firm Startup Tips
• When to Expect IRS Income Tax Refunds in 2023 – Estimates
• The IRS Appeals Office has established its priorities for the coming year.
• CPA Communication Tips for the Digital Age
• What Retirees Should Know About IRA Contribution and Income Limits in 2023
• The IRS is seeking public feedback on proposed changes to the UTP form.
• Home improvements may be tax-deductible as medical expenses.
• Biden names Daniel Werfel as the next IRS Commissioner.
• Inflation Slows More Than Expected
• Recommendations for adhering to the new IRS information return reporting requirements
• Some tuition costs may be eligible for a medical tax deduction.
• Treasury and IRS Expand Retirement Plan Approval Program
• Why Accountants Should Pay Attention to Wealth Management
• The IRS Advisory Council has issued its 2022 Annual Report.
• The Court has blocked Biden’s Student Loan Relief Plan indefinitely.
• The Tax Court Sets a Cap on Capital Losses
• Mortgage interest rates fell in early November.
• Retirees Should Plan for Significant Changes in Social Security Benefits in 2023.
• Accountants’ phones are ringing more frequently as a result of financial concerns.
• The Tax Court Rules Case of “He Said, She Said”
• Product Philanthropy Allows Retailers and Manufacturers to Deduct Taxes
• Before the holidays, 60% of small businesses use cash flow tools.
• Are you thinking about putting cryptocurrency in your 401(k)? Consider This Once
• Small Business Clients Are Better Prepared for Audits With Good Documentation
• A Brief Summary Of Current Tax Issues – 2nd December
• Reasons to Consider Postponing Retirement.
• The Internal Revenue Service has raised interest rates for the first quarter of 2023.
• The IRS warns that tax refunds may be reduced in 2023.
• With increased Social Security benefits the following year, some seniors’ tax burdens may increase.
• Treasury Issues Labor Regulations for Clean Energy Tax Credits
• I.R.C. § 199A – Qualified Business Income
• I.R.C. § 959 – Previously Taxed Earnings and Profits (PTEP)
• The IRS has updated its FAQ on the Unemployment Compensation Exclusion.
• IRS Still Seeking Syndicated Conservation Easements After Tax Court Loss
• California owes Kanye West’s Yeezy Clothing Brand $600,000 in back taxes.
• A psychiatrist was sentenced to 18 months in prison for tax evasion
• The deadline for Real ID has been extended until 2025.
• The IRS has issued new rules for manufacturers and sellers of clean vehicles.
• The deadline for establishing a flexible spending account is approaching
• The IRS advises early filers to postpone their filing until 2023.
• The Internal Revenue Service has issued guidance on the new Sustainable Aviation Fuel Credit.
• The $600 Threshold for 1099-K Reporting, according to the AICPA, is too little and out-of-date
• Returns from e-commerce can eat into your profits.
• A Brief Summary Of Current Tax Issues – 27th December
• The IRS suspends the $600 1099-K threshold rule.
• Any IP in The Possession of a US Entity or Individual is Worth Close to Zero Because it is no Longer Feasible to Spend Money on its Further Development
• Thanks to inflation, essentials are much more expensive this holiday season.
• Treasury Sets Strict Deadline for Providing Guidance on Tax Provisions Under the Inflation Reduction Act.
• When to Expect IRS Income Tax Refunds in 2023 – Estimates
• Count on the new per diem rates
• The IRS has updated its Form 1099-K FAQs.
• IRS Mileage Rate Increases to 65.5 Cents/Mile in 2023.
• The Internal Revenue Service and the Treasury Department have issued guidance on the corporate stock repurchase excise tax.
• Treasury and the IRS have released interim guidance for the new corporate AMT.
• IRS and Treasury Issue Transitional Instructions for Broker Reporting of Digital Assets
• IRS and Treasury Issue New Accounting Methods Guidance for Specified R&E Expenditures.
• Among the many bills the House majority wants to pass is one that would end IRS funding.
• Most of the $80 billion increase in IRS funding is being repealed by Congress.
• IRS fixed 14 million tax returns, with a $1,232 average refund.
• Real Estate Professionals Face Difficult Tax Law Exam
• Payroll-Related Problems Top 10 Business Concerns for 2023
• IRS reports that the 2023 tax season will begin on January 23.
• Seven Ways to Reduce Holiday Debt and Raise Your Savings
• Who Qualifies for the Retirement Savings Credit?
• A Brief Summary Of Current Tax Issues – 24th January 2023
• The Supreme Court has rejected an appeal over the use of COVID aid for tax cuts.
• The New Retirement Fund Rules Will Affect Your 401K or IRA in the Following Ways.
• The Corporate Minimum Tax: How to Get Ready
• 3 Ways to Avoid Tax Season Fatigue