Estate planning is complex enough as an individual, but when you’re planning as a married couple, it can bring about even greater challenges. Collaborating as a unified partnership for the future of your shared estate means that both of you will have specific priorities to incorporate into the plan. Some common concerns might include the …
Are you looking for a CPA in Boca Raton, Florida? Look no further, KB CPA SERVICES, P.A. is your local expert in tax preparation, audit, and bookkeeping services, committed to helping individuals and businesses in all tax and accounting-related aspects. Why Choose KB CPA SERVICES, P.A.? Expertise You Can Trust: Our team of accountants boasts …
Your Trusted Boca Raton CPA: KB CPA SERVICES, P.A. Read More »
Former IRS Commissioner Mark Everson draws a parallel between the IRS’s transition to digital processes and the construction of the interstate highway system in the 1960s from his childhood memories. In an interview with JofA, Everson recollected, “Back when I was a child, living in New York, I-95 would take you up to Providence. You’d …
As a Healthcare Professional, the Accounting and Tax functions within your organization are vital to you in terms of growth and asset protection. A certified public accountant is a valuable member of your medical practice team in order to create and manage tax strategies that maximize profits, minimize your tax burden and help grow your …
Introduction As a small business owner, you dedicate endless hours and hard work to make your entrepreneurial dreams a reality. However, amidst the hustle and bustle of running your business, it’s crucial not to overlook one critical aspect of your financial future: retirement planning. Building a substantial nest egg is essential to ensure a comfortable …
Maximizing Retirement Savings as a Small Business Owner Read More »
According to the Treasury’s FinCEN, a company’s beneficial owners refer to the individuals who have ultimate ownership or control over the company. In its Notice of Proposed Rulemaking (NPRM) issued in December, FinCEN stated that sharing information about these owners will aid in the prevention and detection of money laundering, terrorist financing, tax fraud, and …
KEY TAKEAWAYS Financial experts emphasize the importance of preparing for next year’s taxes early, especially if you encountered unexpected tax bills this season. Consider the following three smart strategies: reviewing your 2022 filing, assessing your withholdings, and reevaluating your portfolio. If you were taken by surprise with a tax bill this year, it’s never too …
Three Intelligent Approaches to Prepare for Next Year’s Taxes in Advance Read More »
Here is what you need to know about the tax relief package by Florida House. On Thursday, the Florida House passed a comprehensive $1.4 billion tax package, which includes a long list of benefits for consumers and businesses. This relief package, which is now heading to the Senate for final approval, provides over $200 million …
The Florida legislative body, has passed a tax relief package worth 1.4 billion dollars Read More »
In a groundbreaking legal decision, the Supreme Court has recently sided with taxpayers in their ongoing battle against penalties for Foreign Bank and Financial Accounts (FBAR). This momentous ruling marks a major victory for taxpayers who have been grappling with the fear of exorbitant fines for failing to report foreign bank accounts. For US taxpayers …
Supreme Court Ruling Favors Taxpayers on FBAR Penalties Read More »
On September 1, 2020, the Internal Revenue Service (IRS) added a new section called the BBA Centralized Partnership Audit Regime to its website, IRS.GOV. The step was taken as part of its objective to increase partnership audits in 2021. Prior to January 1, 2018, when the IRS audited a partnership, tax, interest, or penalties owed …
Are you confident that your Partnership or LLC is ready for a possible audit? Read More »
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