I have had my corporation for 5 years now. All kinds of fees to pay, accountant fees for his service and other expenses. I am self employed earning commissions. When my earnings went into my personal account I did not have all those extra fees to pay. Why would I keep the corporation then? thanks
there are probably no advantages.
sounds like someone gave you some bad advice. most sales people or consultants who are self employed woud not form a corporation.
Cashflow Managers Done 4 You Accountant Websites is the latest addition to the Cashflow Manager small business accounting software products and services, which aim is to help Australian accountants improve their efficiency and free up capacity in their practice.
Duration : 0:4:20
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2020 Asia Pacific is part of 2020 International, the leading membership organisation for progressive accountants and consultants in the UK, Ireland, Canada and USA.
2020 Communique is an interview based series designed to assist accountants through talking to businesses that provide solutions for accounting firms. 2020 Communique will cover everything from specialised training, websites and how to make them work for you, business coaching, using video to market & communicate and much more.
2020 Asia Pacific offer Professional Development courses through webinars, seminars and conferences, focusing primarily in non-compliance areas:
Business advisory services
Business valuation and succession planning services
Business coaching and development
Practice management services
Sales, marketing and customer service mentoring.
Come and visit us at www.2020asiapacific.com
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I have had my corporation for 5 years now. All kinds of fees to pay, accountant fees for his service and other expenses. I am self employed earning commissions. When my earnings went into my personal account I did not have all those extra fees to pay. Why would I keep the corporation then? thanks
there are probably no advantages.
sounds like someone gave you some bad advice. most sales people or consultants who are self employed woud not form a corporation.
http://www.taxcpahouston.com/ Tax Planning & Tax accounting tips for general contractors by Houston Tax CPA Jim Trippon. Trippon & Co. CPAs have over 25 plus years of experience in tax preparation and tax accounting for construcstion contractors of all types.
This weeks tip is on how to use little known tax deductions to save on tax. You see most businesses (and industries) have special tax deductions that can save serious money. The key is to work with a CPA who looks for every opportunity to legally save you tax. This week we look at deductions for construction contractors.
For years I have worked with all types of construction contractors.everything from general contractors, to roofers, electricians, commercial plumbers, HVAC and utility contractors.
I have found that most construction professionals dont even know that they may qualify for a special deduction save them 6% on their federal income tax every year. What I am talking about is the Domestic Production Activities Deduction (which can be deducted using IRS Form 8903). This special deduction allows many construction contractors to deduct 6% of net income derived from qualified production activities. There are some limitations, but most construction contractors that do new construction projects can qualify.
If you would like to work with a CPA firm that understands the construction industry and will work hard to make sure you do not pay a penny more than you owe give us a call at 713-661-1040. At Trippon & Company CPAs we use our 20+ years of experience in construction contractor tax to minimize your Federal tax liability. Call us at 713-661-1040 today and put our experience at work for you!
Duration : 0:1:55
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Do they charge sales tax for services rendered?
The quick answer to your question is NO they normally do not charge sales tax.
A more complete answer depends on the state (and maybe even the county) your asking about. But I can tell you how it works in Florida.
I am going to assume that the best way to explain it is by an example.
Example) Your battery cable in your car has failed, you take it to a garage and you supply the cable. In this case the labor isn’t taxable. But, if you let them buy the cable the labor can be subject to sales tax. Again, this is different from state to state.
So following that theory, if the CPA only does auditing or bookkeeping services it shouldn’t be subjected to sales tax. However, if the CPA provides you with software…then it might be taxable (sales tax).
This video is Part 3 of a 3 part series. Each video is a brief portion of a full seminar given on how the Client Data Review feature in QuickBooks Premier Accountant 2009 can help Accountants have a more productive and profitable Year-end.
Part 3 goes over other tasks in Client Data Review such as 1099 Mapping, Sales Tax, Payroll Tax, Bank Reconciliations, Inventory, and Finishing the Review.
Technology In A Box, LLC offers complete end-to-end solutions to small to mid-market businesses and franchises, from hardware and software, to post implementation services such as QuickBooks Consulting, Fractionalized Bookkeeping and Controllership services, to computer systems support and maintenance. Technology In A Box has offices in Michigan, Wisconsin, Illinois, Minnesota and Florida. For more information, call 877/824-6229 or visit www.TechnologyInABox.net.
Duration : 0:6:52
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…for the free market to handle?
State police, city police, county police, fire, road building, road repair, street cleaning, snow plowing, Water, sewer, garbage pickup, building inspectors, Soc Sec, Medicare, Medicaid, animal control, parks and wildlife, DMV/DPS, CIA, NSA, FBI, FAA, FDA, CDC, DCFS, EPA, FDIC, DOT, DHS, BEA, FBOP, FHA, NTSB, NHTSA, IRS, NASA, NOAA, USDA, ATF, DEA, DHA, TSA, US Air Force, US Navy, US Marine Corp, US Army, US National Guard, US Coast Guard, US Army Crop of Engineers, Census Bureau, etc are all services essentially run "socially" by the federal, state, and local governments. These are only a handful of the hundreds of departments and services run by the federal, state, and local governments. There are hundreds, if not thousands.
Now, if you look in the yellow pages, there are thousands upon thousands of goods and services offered by the free market, from accountants to Joe the plumber to yoga instructors.
So what determines which services should be socialized and which should be left to the free market?
well I have a belief that corner markets(markets that effect every thing) need to be stable and cheap to the mass. So if that means socializing so be it, but it does not have to be
I found several accountants that offer payroll services but I do not know how much to expect to be charged. I have about 10 employees.
My company would charge the following for our on-line product (iPAY – you enter pay info online & print your own checks): $30 per month plus $1.50 per check. $4 per W-2 at year end.
We would charge the following for our fully outsourced payroll product (Platinum Pay – you call us & we do everything):
Weekly: $25 plus $1.50 per check; OR
Bi-weekly/Semi-Monthly: $35 plus $1.50 per check: OR
Monthly: $45 plus $1.50 per check
Plus: $10 per delivery and $4 per W-2 at year end
http://www.forensicaccountinghouston.com Forensic accounting uses accounting, auditing, and investigative accounting skills to assist in legal proceedings. Call For Free Consult at 713-661-1040
What is Forensic Accounting?
Forensic accounting is the practice of using accounting, auditing, and investigative accounting skills to assist in legal proceedings. Forensic literally means “used in a court of law” or for “public debate”. When we combine accounting skills with legal knowledge, it is called forensic accounting.
A Brief History of Forensic Accounting
Accountants have been using their investigative skills almost since the dawn of time. Some of the earliest accounting records date back over 7,000 years to ancient Babylon, Assyria and Sumeria where accounting was used to track agriculture. Likely, even back then, people were concerned about not getting short-changed in their business and financial lives.
Modern forensic accounting has its earliest reference in 1824 in an accountants advertising circular in Glasgow, Scotland. Special accountants gave testimony in court and in arbitration proceedings. Interest in forensic accounting spread through the United States and England early in the twentieth century. One of the first institutions to use the services of such investigative accountants was the IRS. The story of Al Capone the famous mobster being caught on a tax evasion scheme is well-known. Of course even today, the IRS continues to use forensic accountants in pursuing tax cheats among business, sports and entertainment celebrities including Woody Nelson, Nicholas Cage, and Wesley Snipes.
As a profession, forensic accounting continued to grow during the latter half of the 20th century, until today, when almost no successful business litigation claims is made without the assistance of a forensic accountant.
Modern Forensic Accounting
Modern forensic accounting focuses on 3 main areas: litigation support, forensic accounting investigation, and dispute resolution.
Litigation Support
Legal litigation support represents the descriptive presentation of financial issues related to existing or pending legal proceeding. The forensic accounting professional determines damages sustained by parties involved in legal disputes and can assist in resolving disputes, even before they reach the courtroom. If a dispute reaches the courtroom, the forensic accountant may testify as an expert witness.
Forensic Accounting Investigation
Forensic accounting investigation is the process of deciding whether criminal matters such as internal employee theft, securities fraud (including falsification of financial statements), identity theft, and insurance fraud have occurred. As part of the forensic accountant’s work, they may recommend actions that can be taken to minimize future risk of loss. Forensic accounting investigation may also occur in civil matters. For example, the forensic accountant may search for hidden assets in divorce cases.
Forensic accounting involves looking beyond the numbers and grasping the substance of situations. It’s more than accounting…more than detective work…it’s a combination. In short, forensic accounting requires the most important quality a person can possess: the ability to think.
I began my accounting career with Price Waterhouse Coopers as a forensic accountant reviewing and investigating financial statements of some of the worlds largest corporations. As a forensic accountant, I have almost 30 years of experience, and I know that my expertise can definitely assist you with your investigative research in your personal or corporate accounting needs.
Give us a call at 713-661-1040 and let us put or 30 years of experience to work for you TODAY!
Duration : 0:2:17
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