Tax, Finance, CE, CPE, EA, CPA, CFP Blog: Plenty of Demand for ...

Business owners encounter a combination of difficulties that create vulnerability to tax problems. First, unlike wage earners, they lack the benefit of income tax withholding. Second, they are frequently uncertain of their anticipated income and therefore uncomfortable remitting estimated tax payments. Their best route to addressing this matter is having an accountant that meets CPA requirements as a trusted adviser. Therefore, plenty of professional opportunities await accountants who want to utilize their knowledge to help small businesses. Attracting business owners as clients is easiest for accountants who complete CPA testing. Earning that top designation in the accounting field garners instant respect among operators of small businesses. They know that having the help of a tax expert to identify the right amount of tax on time is far better than ignoring tax payments. Tax avoidance ??" even on a small scale ??" is unlikely to save money for a business owner. The right choice is relying upon an accountant to capture all legally eligible tax deductions. Accountants select small business tax work as a professional specialty soon after their CPA exams. They know after years of study that their accounting strength rests with small business issues. Entrepreneurs need CPAs to assure accurate tax reporting and avert trouble with the IRS. Tax collection enforcement by the IRS reaches both large and small business operations. Accountants present the superior defense by deploying their expertise mastered in courses for CPA certification. A few business owners recently learned of the heavy price for resorting to the alternative of tax evasion. James L. McCarthy of Easton, Connecticut, pleaded guilty to tax fraud after court evidence showed he engaged in a scam with two companies he controlled. One of the businesses deposited payments for work performed by the other entity, which was a corporation. This resulted in understated income for the incorporated company. The scheme permitted McCarthy to obtain money for personal use that rightfully belonged to the corporation. He could have avoided the substantial fine and prison time he faces by relying upon an accountant specializing in small businesses. An accountant’s study for CPA certification includes all the intricacies of corporate taxes and personal income for the owner. In Albuquerque, state contractor Shelda Sutton-Mendoza is similarly charged with tax evasion involving her corporation. The indictment against her alleges that she filed false corporate and personal income tax returns. One example of the claim against her is that a corporation tax return for 2005 reported $0 taxable income, but the IRS has evidence that the business earned $248,389. Whenever business owners seek intelligent ways to address their tax situations, they have plenty of demand for tax experts possessing CPA qualifications. IRS Circular 230 Disclosure Pursuant to the requirements of the Internal Revenue Service Circular 230, we inform you that, to the extent any advice relating to a Federal tax issue is contained in this communication, including in any attachments, it was not written or intended to be used, and cannot be used, for the purpose of (a) avoiding any tax related penalties that may be imposed on you or any other person under the Internal Revenue Code, or (b) promoting, marketing or recommending to another person any transaction or matter addressed in this communication.

j.k. rowling j.k. rowling axl rose google earnings pat burrell hilary rosen grilled cheese