Once again our federal government has, in it’s infinite wisdom, added yet another form of required reporting for small business owners. This one is a purely administrative burden, but has a tremendous amount of pitfalls and penalties if not done timely and correctly. This is not a tax reporting, you can file the forms yourselves. I mainly want to bring the requirement to your attention because I have not heard much about it in general conversation, so many of you may not even know this is out there, but I have heard much about it in my tax world and it is something you are all subject to whether you are aware of it or not. It is something I can help you with or file on your behalf. That will be for you to decide once you have looked into it.
New Reporting Requirements: Navigating the Complex Landscape of Beneficial Ownership for Small Businesses in 2024
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Benefits Of Hiring A Certified Public Accountant
When it comes to managing your finances, especially in the complex realm of taxes, having the right guidance can make a world of difference. Whether you’re an individual seeking financial clarity or a business aiming for fiscal success, understanding the benefits of hiring a Certified Public Accountant (CPA) is essential. In this blog, I’ll walk you through the advantages of working with a CPA. Let’s delve into the world of financial expertise.
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Why Hire A Professional Tax Accountant
When it comes to managing your finances and ensuring that you navigate the complex world of taxes effectively, having the right support can make all the difference. Making informed tax decisions is crucial. In this blog, I’ll share compelling reasons why hiring a CPA is a smart move for anyone looking to make the most of their financial situation.
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Key Reasons Why A Startup Needs A Business Consultant
Starting a business is an exciting endeavor, but it can also be a challenging one. Whether you’re launching your startup in the bustling streets of Los Angeles or amidst the scenic beauty of Idaho, the journey is filled with twists and turns. As a Certified Public Accountant with over 35 years of experience, I understand the unique tax planning needs of individuals and businesses. In this blog, I’ll share valuable insights into why every startup, regardless of its location, can benefit immensely from the expertise of a business consultant.
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Why You Should Choose Wendy Klein CPA Professional Corporation!
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.
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Season’s Greetings from Wendy Klein CPA Professional Corporation
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!
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Top Five Things To Look For When Hiring A Certified Public Accountant
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.
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How To Get The Most From Working With Wendy Klein CPA Professional Corporation
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).
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Season’s Greetings From Wendy Klein CPA Professional Corporation
Wendy Klein CPA Professional Corporation wishes you and yours a happy, healthy, and prosperous holiday season.
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What Makes Wendy Klein CPA Professional Corporation Stand Out
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.
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Biden Seeks to Expand Information Reporting on Cryptocurrencies
The Biden administration wants to expand information reporting for financial institutions to better capture exchanges of cryptocurrency transactions.
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How Is Cryptocurrency Taxed?
Original Article Source Credits: Forbes Advisor, https://www.forbes.com
Article Written By: David Rodeck, John Schmidt
Original Article Posted on: Feb 18, 2021
Link to Original Article: https://www.forbes.com/advisor/investing/what-are-cryptocurrency-taxes
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Important reminders before filing 2020 tax returns
Original Article Source Credits: IRS, https://www.irs.gov/
Article Written By: NA
Original Article Posted on: 27th January 2021
Link to Original Article: https://www.irs.gov/newsroom/important-reminders-before-filing-2020-tax-returns
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EIDL grants are taxable to California
The FTB has just clarified that EIDL (Economic Injury Disaster Loan) advance grants are taxable to California. AB 1577 (Ch. 20-39) enacted a California exclusion for PPP loan forgiveness, essentially mirroring the federal exclusion adopted by the CARES Act. However, the federal exclusion for EIDL grants was enacted by the Consolidated Appropriations Act, which California has not conformed to. California would have to enact new legislation to conform to this exclusion.
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COVID-19 relief bill addresses key PPP issues
Original Article Source Credits: Journal Of Accountancy , https://www.journalofaccountancy.com/
Article Written By: Jeff Drew
Original Article Posted on: December 22, 2020
Link to Original Article: https://www.journalofaccountancy.com/news/2020/dec/covid-19-relief-bill-addresses-key-ppp-issues.html
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Bitcoin taxes: Understanding the rules and how to report cryptocurrency on your return
Original Article Source Credits: Business Insider , https://www.businessinsider.in/
Article Written By: JANET BERRY-JOHNSON
Original Article Posted on: DEC 10, 2020
Link to Original Article: https://www.businessinsider.in/finance/news/bitcoin-taxes-understanding-the-rules-and-how-to-report-cryptocurrency-on-your-return/articleshow/79652711.cms
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Special PPP update for California taxpayers
The new covid relief bill clarified that borrowers who have loans forgiven may claim deductions for expenses even if expense were paid with loan amounts that were forgiven. This applies to all PPP loans.
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Why You Shouldn’t Worry About PPP Loan Forgiveness Yet
Original Article Source Credits: Forbes , https://www.forbes.com/
Article Written By: Jared Hecht
Original Article Posted on: Oct 27, 2020
Link to Original Article: https://www.forbes.com/sites/jaredhecht/2020/10/27/why-you-shouldnt-worry-about-ppp-loan-forgiveness-yet/?sh=1704886b49db
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Late last night the president did ultimately sign the covid relief bill
Late last night the president did ultimately sign the covid relief bill, thereby creating the fix that was so highly anticipated.
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PPP Second Draw Loans
Original Article Source Credits: Evergreen Small Business, https://evergreensmallbusiness.com/
Article Written By: Stephen Nelson
Original Article Posted on: 21st December 2020
Link to Original Article: https://evergreensmallbusiness.com/ppp-second-draw-loans/
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