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10 Best Tax Practice Management Software 2024

HR Lineup

In the fast-paced world of taxation and financial management, staying ahead of the curve is crucial for tax professionals. As we step into 2024, the demand for efficient, user-friendly, and comprehensive tax practice management software has never been higher.

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What electronic record-keeping software best fits your needs?

Business Management Daily

If you don’t have that document backed up in an electronic format, you may have just lost important company or employee data. If your desk is still cluttered with paper files or documents, it’s probably time to consider switching to electronic records management (ERM). Benefits of electronic record-keeping. Saving time.

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So, I “Bit the Bullet” and Finally E-filed Our Taxes

Money Talk

Last year, I wrote a post that described the pros and cons of filing your income taxes by paper or electronically (e-filing). Looking back, it was also a “personal pep talk” for me because I knew I was part of a dying breed of paper income tax filers. of tax returns are filed by paper or, in numerical terms, nearly 13.2

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Drake Tax Software

HR Lineup

Drake Tax Software is a professional tax preparation software designed for small to mid-sized accounting firms and tax professionals. Developed by Drake Software, LLC, the software has been in the market for more than 40 years and is trusted by thousands of professionals across the United States.

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Tax Filing: Paper or Ether?

Money Talk

I am one of the 10 million or so tax filers that the IRS probably hates. I continue to file my taxes on paper. But the process is cumbersome and it is so much easier for me- as an admitted frugal tax geek- to fill out paper forms, double check my math, and priority mail my tax return. It is like piecing together a quilt.

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IRS Finalizes Rules Pertaining to Electronic Filing – Effect on Employers

AssuredPartners

On February 21, 2023, the Internal Revenue Service (IRS) issued final regulations amending the rules for filing certain tax returns and other documents by electronic means (e-filing). These requirements include applicability to Forms 1094-B and C, 1095-B and C, 1099, 5500, and W-2s, amongst others. Note: Section 3 of Rev.

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The Tax Implications of Independent Contractors

Kollath CPA

You don’t generally have to withhold or pay any taxes on payments to independent contractors, as you do with employees. For an official ruling, you can file Form SS-8, Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding, with the IRS. You can file these forms electronically.

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