Identify the industry economic characteristics.
Identify the industry economic characteristics.
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Identify company strategies.
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Assess the quality of the firm’s financial...
Check cash position
Check cash position
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining...
NEW BUSINESS FORMATION FROM OUR BEVERLY HILLS BASED FIRM
NEW BUSINESS FORMATION FROM OUR BEVERLY HILLS BASED FIRM
In today’s evolving corporate landscape, working with an accountant who adapts with the times is essential to your success. At Vace & Company, CPA Alexandre Vace, CPA, and his associates help entrepreneurs in emerging markets, such as social media influencing, e-commerce, and app development, establish reliable...
Do You Have a Past Due IRS Tax Return?
Do You Have a Past Due IRS Tax Return?
Perhaps you forgot to file on time this year, or maybe you’ve got several tax returns that haven’t been filed yet. No matter your situation, you don’t want to delay filing tax returns any longer. In fact, every day that you wait, the heavier the implications become. If you haven’t filed your income tax on time, there’s a good chance...
How to Navigate IRS Wage Garnishment and Tax Liens
How to Navigate IRS Wage Garnishment and Tax Liens
Receiving a tax lien or IRS wage garnishment is nothing short of a frightening burden. The reality of the matter is this: if you owe the IRS, they are legally able to put a lien on your property or garnish your wages. If they garnish your wages, your employer is legally required to take the set amount out of each and every...
Use tax-saving investments
There are various tax-saving investments under Section 80C of the Income Tax Act. Investing in these funds can get you tax exemption up to Rs 1.5 lakh. Some of the funds are:• Public Provident Fund (PPF)• Life insurance• Equity-linked savings scheme (ELSS)• Fixed deposits• National Savings Certificate (NSC)
Also, you get an additional exemption of Rs 50,000 if you:• Invest...
Understand your gross annual income
The first step includes understanding your total income from all sources. If you are employed, it would be your annual salary. If you are an entrepreneur, your business or professional income would be the major source of your income. Also include other sources like income from house property, capital gains, income from other sources, etc.
Reduce your taxable income
If you...
Schedule an Appointment
The sooner you meet with your preparer, the sooner you can begin the tax preparation process (even if you have an extension, which is discussed later). If you anticipate a refund, the sooner you taxes are prepared and submitted, the sooner you will be paid. If you wait too long to schedule an appointment with a tax preparer, your appointment might be not be scheduled before...
Meeting the Educational Requirements
Meeting the Educational Requirements
Meet the minimum requirements. In general, tax preparers are required to have a high-school diploma or equivalent. That is, you don’t need a bachelor’s or associate degree to get started or to thrive in the tax preparation industry. However, any aspiring tax preparer should be aware that the job will require some basic...
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