Effective Marketing Strategies for New Accounting Practices
When launching a new accounting practice, it’s crucial to develop effective marketing strategies to build brand awareness, attract clients, and establish a reputation for quality services. Below are some key strategies tailored for new accounting practices: Develop a Strong Online Presence In today’s digital age, having a robust online presence is non-negotiable. Start by creating […]
Everything You Need to Know When Starting an Accounting Firm
Starting an accounting firm is an exciting journey that blends financial expertise with entrepreneurial ambition. Owning your own accounting business not only gives you the freedom to chart your career but also provides the opportunity to make a meaningful impact by helping businesses and individuals manage their finances effectively. Here’s a comprehensive guide to help […]
How To Start An Accounting Business From Home
How to Start an Accounting Business from Home with Succentrix Business Advisors Starting your own accounting business can be an exciting and rewarding venture, especially if you’re able to operate it from the comfort of your home. Succentrix Business Advisors makes this goal achievable with its comprehensive franchise model, offering unmatched support and resources for […]
2023 Taxes: Eight Things You Should Know Now
EIGHT THINGS TO CONSIDER AS YOU PREPARE TO FILE YOUR 2023 TAXES 1. Income tax brackets shifted faintly There are still seven tax rates, but the income ranges (tax brackets) for each rate have been slightly adjusted to accommodate for inflation. For 2023, the following rates and income ranges are applicable: 2. The standard deduction […]
IRS Announces 2024 Tax Brackets – Updated Standard Deduction
Here’s a breakdown of modifications to limits and thresholds for various well-known taxation regulations for the 2024 tax year. The IRS has announced that for the 2024 tax year, they will be making updates to several common tax provisions in order to keep up with inflation. These adjustments, also known as inflation adjustments, are crucial […]
Small Business Accounting and Tax Updates
IRS officials are still emphasizing one of their priorities: preventing fraudulent claims for the widely advertised Employee Retention Credit. Congress’ recent move to shift $21.4 billion in funding away from the Internal Revenue Service as a condition for increasing the debt limit isn’t deterring the tax agency from moving ahead with its strategic plans to […]
Important Tax Updates and Information -Early Filers Amend Returns & Estate Tax Update
IRS Suggests Some Early Filers Amend Their Returns The Internal Revenue Service stated Tuesday that taxpayers who filed their federal income taxes early this year and reported state tax refunds they received in 2022 as taxable income should consider filing an amended return. In early February, the IRS urged taxpayers to hold off on filing […]
Choose Your Tax Professional Wisely!
The Internal Revenue Service today continued the Dirty Dozen series by cautioning taxpayers to avoid unscrupulous tax return preparers and provided important tips to find the right tax professional. People should be careful of shady tax professionals and watch for common warning signs, including charging a fee based on the size of the refund. Some […]
Don’t Be Surprised Of A Tax Refund Shock This Year
The expiration of numerous pandemic benefits that lawmakers had created to assist Americans in the crisis could surprise millions of U.S. taxpayers when they received their 2023 tax returns. According to Mark Steber, chief tax information officer at Jackson Hewitt, families may receive reduced refunds when they submit their taxes for the tax year 2022. […]
Which 2022 State Tax Payments Are Non-Taxable
The Internal Revenue Service (IRS) has recently provided clarity on which 2022 state tax payments are non-taxable. This clarification is important for taxpayers as it will help them determine which payments will be eligible for tax rebates, relief payments, and disaster assistance. The IRS has clarified that certain 2022 state tax payments are not taxable […]