ERC Compliance (I): Income Tax Amendment

September 19, 2023 4:08 pm

Employers that are eligible for and have claimed ERC credit are required to amend their business income tax returns for 2020 and/or 2021. We will discuss the line items that needs to be changed on the business tax returns.

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ABOUT COMMUNITY CPA
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Community CPA is a firm specializing in growing small and mid-sized businesses. We are your next-level CPA firm and your trusted advisors who speak your language.

Contact us for accounting, advisory & legal, audit and attest, payroll, taxation.
Email: info@communitycpa.com

LOCATIONS:
Community CPA - Des Moines
3816 Ingersoll Ave.
Des Moines, Iowa 50312
Call: (515) 288-3188

Community CPA - Coralville/Iowa City
2421 Coral Ct. Suite 1
Coralville, Iowa 52241
Call: (319) 208-3712

Community CPA - Minneapolis, MN
8722 Lyndale Ave. S,
Minneapolis, MN 55420
Call: (612) 808-9418

Disclaimer: CommunityCPA, as part of our services to our valued clients, is providing these seminars in order for businesses to cope with the current pandemic. We are not responsible for any damages the attendees or viewers may suffer as a result of following any of the advice or information provided. Although we are doing our best to stay informed, the current situation is very dynamic and the information could change at any time without any notice. Our information and advice is not legal in nature and should not be construed as such. Please consult your legal counsel if you should need any legal advice.

IRS Halts New ERC Processing. Now What?

September 17, 2023 3:20 pm

IRS issued a moratorium on 9/14/23 halting processing of new ERC claims thru at least 12/31/23. We will analyze the implications of this moratorium on past, pending and new submissions of ERC claims.

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ABOUT COMMUNITY CPA
------------------------------------------------
Community CPA is a firm specializing in growing small and mid-sized businesses. We are your next-level CPA firm and your trusted advisors who speak your language.

Contact us for accounting, advisory & legal, audit and attest, payroll, taxation.
Email: info@communitycpa.com

LOCATIONS:
Community CPA - Des Moines
3816 Ingersoll Ave.
Des Moines, Iowa 50312
Call: (515) 288-3188

Community CPA - Coralville/Iowa City
2421 Coral Ct. Suite 1
Coralville, Iowa 52241
Call: (319) 208-3712

Community CPA - Minneapolis, MN
8722 Lyndale Ave. S,
Minneapolis, MN 55420
Call: (612) 808-9418

Disclaimer: CommunityCPA, as part of our services to our valued clients, is providing these seminars in order for businesses to cope with the current pandemic. We are not responsible for any damages the attendees or viewers may suffer as a result of following any of the advice or information provided. Although we are doing our best to stay informed, the current situation is very dynamic and the information could change at any time without any notice. Our information and advice is not legal in nature and should not be construed as such. Please consult your legal counsel if you should need any legal advice.

15 de septiembre Fecha Límite de vencimiento para los impuestos

September 15, 2023 3:13 pm

El 15 de septiembre parece ser una fecha en la que todos los contadores de EE. UU. estaban ocupados. ¿Saben qué vence el 15 de septiembre? ¿Qué pasa si no cumpliste con esta fecha de vencimiento? ¿Por qué tus amigos hablan de la extensión de la presentación y de la presentación de impuestos en septiembre y octubre? ¿Por qué pueden presentarlo en marzo y abril en la fecha de vencimiento normal? ¡Ven al seminario web con Community CPA y obtén la respuesta real!

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📘 Facebook - www.facebook.com/communitycpa

ABOUT COMMUNITY CPA
------------------------------------------------
Community CPA is a firm specializing in growing small and mid-sized businesses. We are your next-level CPA firm and your trusted advisors who speak your language.

Contact us for accounting, advisory & legal, audit and attest, payroll, taxation.
Email: info@communitycpa.com

LOCATIONS:
Community CPA - Des Moines
3816 Ingersoll Ave.
Des Moines, Iowa 50312
Call: (515) 288-3188

Community CPA - Coralville/Iowa City
2421 Coral Ct. Suite 1
Coralville, Iowa 52241
Call: (319) 208-3712

Community CPA - Minneapolis, MN
8722 Lyndale Ave. S,
Minneapolis, MN 55420
Call: (612) 808-9418

Disclaimer: CommunityCPA, as part of our services to our valued clients, is providing these seminars in order for businesses to cope with the current pandemic. We are not responsible for any damages the attendees or viewers may suffer as a result of following any of the advice or information provided. Although we are doing our best to stay informed, the current situation is very dynamic and the information could change at any time without any notice. Our information and advice is not legal in nature and should not be construed as such. Please consult your legal counsel if you should need any legal advice.

9 月15日报税到期日

September 14, 2023 12:00 am

9月15日是美国所有会计师都非常忙碌的一天——你知道9月15日有哪些税务到期吗？如果您错过了这个截止日期怎么办？为什么有些朋友在谈论申请报税延期到9、10月？为什么他们不在3月和4月正常截止日期提交？参加Community CPA今天的讲座，获得真正的答案！

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🔔 Subscribe and click the bell to get notified - https://tinyurl.com/ybeve989
📘 Facebook - www.facebook.com/communitycpa

ABOUT COMMUNITY CPA
------------------------------------------------
Community CPA is a firm specializing in growing small and mid-sized businesses. We are your next-level CPA firm and your trusted advisors who speak your language.

Contact us for accounting, advisory & legal, audit and attest, payroll, taxation.
Email: info@communitycpa.com

LOCATIONS:
Community CPA - Des Moines
3816 Ingersoll Ave.
Des Moines, Iowa 50312
Call: (515) 288-3188

Community CPA - Coralville/Iowa City
2421 Coral Ct. Suite 1
Coralville, Iowa 52241
Call: (319) 208-3712

Community CPA - Minneapolis, MN
8722 Lyndale Ave. S,
Minneapolis, MN 55420
Call: (612) 808-9418

Disclaimer: CommunityCPA, as part of our services to our valued clients, is providing these seminars in order for businesses to cope with the current pandemic. We are not responsible for any damages the attendees or viewers may suffer as a result of following any of the advice or information provided. Although we are doing our best to stay informed, the current situation is very dynamic and the information could change at any time without any notice. Our information and advice is not legal in nature and should not be construed as such. Please consult your legal counsel if you should need any legal advice.

September 15 Tax Due Date

September 13, 2023 5:01 pm

Sept 15th seemed to be a date that all accountants in US are busy -- do you know what comes due on Sept 15th? What if you missed this due date? Why are your friends talking about filing extension and filing tax in September and October? Why can they just file it in March and April on the normal due date?

Come to the webinar with Ying and she gave the real answer!

FOLLOW US
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🔔 Subscribe and click the bell to get notified - https://tinyurl.com/ybeve989
📘 Facebook - www.facebook.com/communitycpa

ABOUT COMMUNITY CPA
------------------------------------------------
Community CPA is a firm specializing in growing small and mid-sized businesses. We are your next-level CPA firm and your trusted advisors who speak your language.

Contact us for accounting, advisory & legal, audit and attest, payroll, taxation.
Email: info@communitycpa.com

LOCATIONS:
Community CPA - Des Moines
3816 Ingersoll Ave.
Des Moines, Iowa 50312
Call: (515) 288-3188

Community CPA - Coralville/Iowa City
2421 Coral Ct. Suite 1
Coralville, Iowa 52241
Call: (319) 208-3712

Community CPA - Minneapolis, MN
8722 Lyndale Ave. S,
Minneapolis, MN 55420
Call: (612) 808-9418

Disclaimer: CommunityCPA, as part of our services to our valued clients, is providing these seminars in order for businesses to cope with the current pandemic. We are not responsible for any damages the attendees or viewers may suffer as a result of following any of the advice or information provided. Although we are doing our best to stay informed, the current situation is very dynamic and the information could change at any time without any notice. Our information and advice is not legal in nature and should not be construed as such. Please consult your legal counsel if you should need any legal advice.

Net Operating Loss NOL

September 13, 2023 10:00 am

"Unlocking the power of Net Operating Loss (NOL) in under 100 seconds! 💡 Learn how NOL can be your financial lifesaver, offsetting losses and reducing your tax burden. 💰 Whether you're a business owner or investor, Ying can help you with your NOL carryforward or carryback. We'll help you discover the strategies to maximize NOL carrybacks and carryforwards, ensuring you make the most of your financial setbacks. Don't miss out on this essential financial knowledge – hit that 'like' button, subscribe for more bite-sized financial tips, and share with your fellow finance enthusiasts! 💼📊 #NOL #TaxSavings #FinanceShorts"


FOLLOW US
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🔔 Subscribe and click the bell to get notified - https://tinyurl.com/ybeve989
📘 Facebook - www.facebook.com/communitycpa

ABOUT COMMUNITY CPA
------------------------------------------------
Community CPA is a firm specializing in growing small and mid-sized businesses. We are your next-level CPA firm and your trusted advisors who speak your language.

Contact us for accounting, advisory & legal, audit and attest, payroll, taxation.
Email: info@communitycpa.com

LOCATIONS:
Community CPA - Des Moines
3816 Ingersoll Ave.
Des Moines, Iowa 50312
Call: (515) 288-3188

Community CPA - Coralville/Iowa City
2421 Coral Ct. Suite 1
Coralville, Iowa 52241
Call: (319) 208-3712

Community CPA - Minneapolis, MN
8722 Lyndale Ave. S,
Minneapolis, MN 55420
Call: (612) 808-9418

Disclaimer: CommunityCPA, as part of our services to our valued clients, is providing these seminars in order for businesses to cope with the current pandemic. We are not responsible for any damages the attendees or viewers may suffer as a result of following any of the advice or information provided. Although we are doing our best to stay informed, the current situation is very dynamic and the information could change at any time without any notice. Our information and advice is not legal in nature and should not be construed as such. Please consult your legal counsel if you should need any legal advice.

Properly Dissolve Your Business

September 12, 2023 9:12 am

Whether you're closing your business due to financial challenges, retirement, or a strategic pivot, it's crucial to approach the dissolution process correctly to avoid legal complications and financial pitfalls.

Community CPA can walk you through the essential steps and considerations. We'll start by explaining the legal requirements involved in dissolving a business, including filing the necessary paperwork and notifying stakeholders. When you work with us, you'll also gain insights into managing outstanding debts, contracts, and obligations.

If you do not understand the tax implications, we can guide you through the process to minimize your financial burden. Get practical tips and guidance you'll need to ensure a smooth and hassle-free dissolution.

Don't let the prospect of dissolving your business overwhelm you! Whether you're a seasoned entrepreneur or a first-time business owner, if you're closing your business, be aware of the proper steps to business dissolution.

FOLLOW US
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🔔 Subscribe and click the bell to get notified - https://tinyurl.com/ybeve989
📘 Facebook - www.facebook.com/communitycpa

ABOUT COMMUNITY CPA
------------------------------------------------
Community CPA is a firm specializing in growing small and mid-sized businesses. We are your next-level CPA firm and your trusted advisors who speak your language.

Contact us for accounting, advisory & legal, audit and attest, payroll, taxation.
Email: info@communitycpa.com

LOCATIONS:
Community CPA - Des Moines
3816 Ingersoll Ave.
Des Moines, Iowa 50312
Call: (515) 288-3188

Community CPA - Coralville/Iowa City
2421 Coral Ct. Suite 1
Coralville, Iowa 52241
Call: (319) 208-3712

Community CPA - Minneapolis, MN
8722 Lyndale Ave. S,
Minneapolis, MN 55420
Call: (612) 808-9418

Disclaimer: CommunityCPA, as part of our services to our valued clients, is providing these seminars in order for businesses to cope with the current pandemic. We are not responsible for any damages the attendees or viewers may suffer as a result of following any of the advice or information provided. Although we are doing our best to stay informed, the current situation is very dynamic and the information could change at any time without any notice. Our information and advice is not legal in nature and should not be construed as such. Please consult your legal counsel if you should need any legal advice.

IRS ERC Webpage update

September 11, 2023 11:01 am

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📘 Facebook - www.facebook.com/communitycpa

ABOUT COMMUNITY CPA
------------------------------------------------
Community CPA is a firm specializing in growing small and mid-sized businesses. We are your next-level CPA firm and your trusted advisors who speak your language.

Contact us for accounting, advisory & legal, audit and attest, payroll, taxation.
Email: info@communitycpa.com

LOCATIONS:
Community CPA - Des Moines
3816 Ingersoll Ave.
Des Moines, Iowa 50312
Call: (515) 288-3188

Community CPA - Coralville/Iowa City
2421 Coral Ct. Suite 1
Coralville, Iowa 52241
Call: (319) 208-3712

Community CPA - Minneapolis, MN
8722 Lyndale Ave. S,
Minneapolis, MN 55420
Call: (612) 808-9418

Disclaimer: CommunityCPA, as part of our services to our valued clients, is providing these seminars in order for businesses to cope with the current pandemic. We are not responsible for any damages the attendees or viewers may suffer as a result of following any of the advice or information provided. Although we are doing our best to stay informed, the current situation is very dynamic and the information could change at any time without any notice. Our information and advice is not legal in nature and should not be construed as such. Please consult your legal counsel if you should need any legal advice.

Tax Journey of Having a Failed Business

September 10, 2023 3:59 am

Your business may be struggling, and you might be considering just shutting it down. But is your business done with just because you close your doors? No! In this session, Ying will explore the tax journey of a failed business, along with addressing outstanding financial obligations, navigating asset dispositions, taxes to pay, and much more.


In joining, you'll understand how to minimize your tax liabilities while safeguarding your personal assets and ensuring compliance with legal requirements. Ying's knowledge comes with working with over 10,000 clients, some of whom have had the journey of business closure, and she will equip you with the knowledge and confidence needed to make well-informed decisions as you sunset your business. Join in!

FOLLOW US
------------------------------------------------
🔔 Subscribe and click the bell to get notified - https://tinyurl.com/ybeve989
📘 Facebook - www.facebook.com/communitycpa

ABOUT COMMUNITY CPA
------------------------------------------------
Community CPA is a firm specializing in growing small and mid-sized businesses. We are your next-level CPA firm and your trusted advisors who speak your language.

Contact us for accounting, advisory & legal, audit and attest, payroll, taxation.
Email: info@communitycpa.com

LOCATIONS:
Community CPA - Des Moines
3816 Ingersoll Ave.
Des Moines, Iowa 50312
Call: (515) 288-3188

Community CPA - Coralville/Iowa City
2421 Coral Ct. Suite 1
Coralville, Iowa 52241
Call: (319) 208-3712

Community CPA - Minneapolis, MN
8722 Lyndale Ave. S,
Minneapolis, MN 55420
Call: (612) 808-9418

Disclaimer: CommunityCPA, as part of our services to our valued clients, is providing these seminars in order for businesses to cope with the current pandemic. We are not responsible for any damages the attendees or viewers may suffer as a result of following any of the advice or information provided. Although we are doing our best to stay informed, the current situation is very dynamic and the information could change at any time without any notice. Our information and advice is not legal in nature and should not be construed as such. Please consult your legal counsel if you should need any legal advice.