Tax laws have a tendency to change how we, as accountants, do business. Recent rises in inflation have led the IRS to raise the federal income tax bracket levels. According to CNBC, these changes may mean that those who earn more money may pay less in taxes as a result.
This error occurs when users update their bank feeds in the QuickBooks Desktop application. The error message “QuickBooks was not able to complete your request Error OL-233” pops up on the screen and prevents users from updating their banking information with QuickBooks. Follow the entire article until the end for
For applications such as QuickBooks, downloading the recent updates is a must, as it keeps the program in line with the latest technology and also keeps it up and running. But, with every update there is a high risk of invasion of bugs into the system. Today we will discuss
Accountants are coming to the aid of doctors and health care organizations who are dealing with not only the COVID-19 pandemic and its variants, but also with changing tax laws and accounting standards. The ever-shifting rules and uncertainties around the Affordable Care Act, the CARES Act and the proposed Build
The Internal Revenue Service said Friday it will be rolling out the ability to electronically file the new Schedules K-2 and K-3 next year, but not at the beginning of the filing season. Schedules K-2 (Partners’ Distributive Share Items — International) and K-3 (Partner’s Share of Income, Deductions, Credits, etc.
Employment increased by 210,000 in November, and the unemployment rate declined by 0.4 percentage point to 4.2%, the U.S. Bureau of Labor Statistics reported Friday, but the job gains fell well short of economists’ expectations of 573,000 jobs, and a big slowdown from the 546,000 added in October. The main
I have provided tax planning to clients for the past 15 years. There are many ways to do tax planning; however, finding ways to put tax-free money into my clients’ hands has been the best approach. Here are some tips to help you do the same for your clients. Should I
For CPAs, perhaps the biggest learning from the pandemic is that collaboration – both with other CPA firms as well as other professions – is a long-term strategy for success. CPA firms face multiple challenges, including increased national and regional competition and their geographic distribution, which puts a strain on
Congress is headed in the right direction. Delaying Section 174 research and development amortization until 2025, as provided in the Build Back Better Act approved by the House on Nov. 19, 2021, helps but full repeal of R&D amortization — before the provision goes into effect, whether 2022 or 2025
Pharma fraud; foreign affairs; spreading the scheme around; and other highlights of recent tax cases. Union City, New Jersey: Former pharmacy co-owner Igor Fleyshmakher, of Holmdel, New Jersey, has been sentenced to 41 months in prison for a scheme to bribe health care professionals and for evading taxes on $33.9
