Silicon Valley Accountant CPA

Electing S corporation status is a common strategy that saves self-employment taxes by splitting cash payments to the shareholder between tax-free distributions and wages. However, as Ryan Fleischer (Fleischer v. Commissioner, TC Memo 2016-238) discovered, this strategy does not work https://taxprocenter.proconnect.intuit.com//electing-s-co/

Tax season is here! While you’re busy working on returns with your clients, don’t forget about this month’s important tax and compliance deadlines: In February, it is recommended that you: Send reminders to individual clients who have not returned tax https://taxprocenter.proconnect.intuit.com//february-2018/

All unenrolled preparers must provide a valid preparer tax identification number (PTIN) to represent a taxpayer before the IRS. For returns prepared after Dec. 31, 2015, only unenrolled return preparers who have complied with the IRS Annual Filing Season Program https://taxprocenter.proconnect.intuit.com//practicing-be/

Bodybuilders flex and brag about their chiseled biceps, latest muscle gains and body mass statistics; successful tax accountants research and boast about their latest accounting and finance software additions. Just as bodybuilders get oiled up and pose for their competitions https://taxprocenter.proconnect.intuit.com//using-technol/

Today, I wrap up my series on basis with a look at basis of timber and easements. Basis of Timber A qualified timber appraiser should perform a timber cruise at the time of the acquisition of the property. However, most https://taxprocenter.proconnect.intuit.com//basis-in-the-/

What if a perceived hobby turned into a full-time job? I recently sat down with Liz Farr, CPA, owner of Farr Communications, in Los Lunas, N.M., to learn about how she turned her love of writing into a passionate vocation https://taxprocenter.proconnect.intuit.com//tax-pros-who-/

Tax season is here! The long days are starting, clients are already calling about the new tax changes for 2018 and e-file is about to open. It’s going to be an interesting year. A busy year, but an interesting one. https://taxprocenter.proconnect.intuit.com//creative-ways/

One of my resolutions for the new year is to be Firm of the Future. 2018 is the year. Since I started this journey, everything I’ve done has led me toward this end goal: to be a tax firm https://taxprocenter.proconnect.intuit.com//how-i-will-be/

Law changes over the past few years have significantly upped the ante for employers when it comes to preparing Form W-2 wage and tax statements accurately and on time. https://taxprocenter.proconnect.intuit.com//how-to-handle/

On a long international flight last summer, I chose to watch the live action film Beauty and the Beast and was captured by the lyrics in the song Be Our Guest and the incredible customer obsession these lyrics demonstrated https://taxprocenter.proconnect.intuit.com//above-the-for/

It’s that time again, and we either love it or hate it. What’s the secret to a great tax season? After 30+ years of weathering this storm, here are five ideas that will help you have a successful year: #1: https://taxprocenter.proconnect.intuit.com//5-tips-to-hel/

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Over the last few years, as the economy continues to recover from one of the biggest recessions in modern history, the charitable donation industry has become quite big. However, the donation industry has become so popular that it has attracted many crooks who are running scam charities, with the only interest to steal money by misleading honest, hard-working people to make donations that ultimately aren’t tax deductible. http://taxprocenter.proconnect.intuit.com//tracking-chari/