When approaching your tax situation, whether for your business or personal, it is helpful to approach a professional who knows all the tricks of the trade. A qualified professional can assist you identify areas where there are potential tax saving opportunities so that saved money can be utilized to meet your business growth and other personal endeavors.

Season’s Greetings from Wendy Klein CPA Professional Corporation. We wish you and your family a wonderful holiday season, and a happy, healthy, and prosperous New Year 2023!

Do you need a Certified Public Accountant (CPA) to help you navigate your taxes? Or receive some crucial advice on a major business move? If so, you will need to keep several aspects in mind when looking to hire a CPA. You will need to find a professional who is able to handle your annual tax returns, advise you on a wide range of financial issues, have extensive business knowledge, and so on. Also, they need to have the necessary skills and expertise to provide you the financial know-how that will help you to achieve success. So, to assist in identifying the right professional for your business needs, here’s a list of things to look for when hiring a Certified Public Accountant.

As a small business owner with limited resources, you may find it difficult to gauge when to outsource responsibilities or handle them on your own. This is particularly true when it comes to business accounting, especially if you’ve just started your business or if your company has grown beyond an expected size. From choosing a business structure that helps you save the most money on taxes to providing advice on a major business move, there are many instances when your small business needs a certified public accountant (CPA).

Wendy Klein CPA Professional Corporation wishes you and yours a happy, healthy, and prosperous holiday season.

Although the IRS is making progress, there are still significant return processing backlogs, such as:

Original Article Source Credits: N/A

Article Written By: Mary Katherine Browne

Original Article Posted on: Nov 9, 2021

Link to Original Article: https://assets-powerstores-com.s3.amazonaws.com/data/org/21809/media/doc/crypto_crackdown_survives_in_infrastructure_bill-26a11b5f52d1c3c1f1a99c321ed2927f.pdf

Original Article Source Credits:  Spidell Publishing

Article Written By: NA

Original Article Posted on: Nov 5, 2021

Link to Original Article:  https://www.magnetmail.net/actions/email_web_version.cfm?ep=SeNCcGshVXODg7WDti9T0x1J8GOBYhndgq3WzWGRIQMB93TinRh4l2YdjvUWSrAJfAf-tiCYjdcypl-nrID_4DlECVXzXZlV1gyfOCSQCaUdSh5zkipnu4q8-gIypZ4c

Original Article Source Credits:  Tax Analyst

Article Written By: Jesse C. Hubers

Original Article Posted on: Nov 1, 2021

Link to Original Article:  https://assets-powerstores-com.s3.amazonaws.com/data/org/21809/media/doc/drop_and_swap-136c40da06e3818af8df1dc264cd6f74.pdf

Original Article Source Credits:  Tax Analyst

Article Written By:  Paul Jones

Original Article Posted on:  Aug. 10, 2021

Link to Original Article:  https://assets-powerstores-com.s3.amazonaws.com/data/org/21809/media/doc/tax-notes-today-federal_tax-reform_surge-salt-workarounds-could-pose-complications-passthroughs_2021_08_10_76zzz-20c8e3c7ccd1764639fe4df85ace195c.pdf

Original Article Source Credits:  Tax Analyst

Article Written By:  Lee A. Sheppard

Original Article Posted on:  AUGUST 16, 2021

Link to Original Article:  https://assets-powerstores-com.s3.amazonaws.com/data/org/21809/media/doc/crypto_article-db5b18175cf56ac2991895988ba49384.pdf

Thanks for stopping by my blog. If you’re looking for more information about Wendy Klein CPA Professional Corporation, you’ve come to the right place.

Original Article Source Credits:  Investopedia , https://www.investopedia.com/

Article Written By:  Amy Fontinelle

Original Article Posted on:  May 12, 2021

Link to Original Article:  https://www.investopedia.com/financial-edge/0312/what-happens-when-you-cant-pay-your-taxes.aspx

Original Article Source Credits:   CNBC , https://www.cnbc.com/

Article Written By:  Greg Iacurci

Original Article Posted on:  MAY 25 2021

Link to Original Article:  https://www.cnbc.com/2021/05/25/bitcoin-crash-opens-door-to-a-tax-loophole-for-investors.html

The IRS has launched two new online tools to help taxpayers manage and monitor the advance monthly payments of the Child Tax Credit, which are scheduled to start being issued on July 15, 2021:

• “Unenroll from advance payments” portal: Taxpayers may “opt-out” ofreceiving the advance payment credit; and
• Advance Child Tax Credit Eligibility Assistant: Taxpayers can answera series of questions to see if they qualify for the credit.

Original Article Source Credits:   CNET , https://www.cnet.com/

Article Written By:  Oscar Gonzalez 

Original Article Posted on:  June 10, 2021 

Link to Original Article:  https://www.cnet.com/personal-finance/taxes/irs-started-sending-unemployment-tax-refunds-to-2-8-million-when-will-you-see-yours/

Original Article Source Credits:   IRS , https://www.irs.gov/

Article Written By:  NA

Original Article Posted on:  May 27, 2021

Link to Original Article:  https://www.irs.gov/newsroom/interest-rates-remain-the-same-for-the-third-quarter-of-2021

Original Article Source Credits:   Entrepreneur , https://www.entrepreneur.com/

Article Written By:  Tor Constantino

Original Article Posted on:  May 6, 2021 

Link to Original Article:  https://www.entrepreneur.com/article/370396

Original Article Source Credits:   IRS , https://www.irs.gov/

Article Written By:  NA

Original Article Posted on:  May 18, 2021

Link to Original Article:  https://www.irs.gov/newsroom/what-someone-should-do-if-they-missed-the-may-17-deadline-to-file-and-pay-taxes

The Biden administration wants to expand information reporting for financial institutions to better capture exchanges of cryptocurrency transactions.