When tax laws change, it is important for CPAs to be up to date on them. This knowledge can ensure they provide their clients with accurate advice and services! The IRS Every year or so, the authorities alter the rules and laws that govern taxation. This is a constant concern for both tax professionals and
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Why You Need An Accountant Even If Your Finances Are Straightforward
There are many reasons why you might need an accountant, regardless of your finances. Whether it’s to help you make the most of tax credits, minimize your tax burden or simply to keep your financials in order, having a trustworthy accounting professional on your side is essential. Know Your Numbers Whether you are a solopreneur
READ MORESpecial Tax Considerations For Nonprofits
Nonprofits are an important part of our communities, providing services to the general public and helping boost our local economies. However, they do have special tax considerations that can impact their financial status and operations. Nonprofits can be impacted by a variety of taxes, including unrelated business income tax (UBIT), real estate tax, and revocation of
READ MORE2022 Tax Updates You Need To Know
If you’re preparing your 2022 tax return, there are some important updates you need to know. These changes will impact your tax bill and help you get back the most money possible. The Child Tax Credit Ends The Child Tax Credit, a popular federal policy that helps millions of parents offset the cost of raising
READ MOREWhy Do You Want To Be An S-Corp?
If you are a self-employed entrepreneur, you may be considering becoming an S corporation. S-Corps enjoy pass-through taxation, meaning that their profits are not taxed twice. However, this advantage isn’t as simple as it sounds. In order to take full advantage of these advantages, your business must first properly run payroll and accurately report profits
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