![What Is Adjusted Gross Income? How to Calculate AGI [With an Example]](https://outsourcebookkeepingindia.com/wp-content/uploads/2024/06/what-is-adjusted-gross-income-how-to-calculate-agi-with-an-example.jpg)
As a small business owner, you have likely heard of the terms gross or net income. But, are you familiar with adjusted gross income? Learn what is adjusted gross income, how to calculate it, and uses for adjusted gross income below. What does adjusted gross income mean? Adjusted gross income, or AGI, is a person’s […]
I was fired from my accounting job and now make $500,000 on YouTube – Business Insider
I was fired from my accounting job and now make $500,000 on YouTube Business Insider
AICPA gives Gold Medal Award of Distinction to Kueppers
The AICPA presented Bob Kueppers, CPA, with the 2024 AICPA Gold Medal Award of Distinction, the organization’s highest honor.
Examples of Contingent Liabilities Your Small Business May Need to Record
You probably know your company’s liabilities, aka debts your business owes. But how often do you think about liabilities that you may or may not have, depending on the outcome of a future event? These potential financial obligations are known as contingent liabilities. Examples of contingent liabilities include lawsuits, product warranties, and pending audits. Understand […]
Britain doubles down on climate target, rules out accounting loophole – Reuters UK
Britain doubles down on climate target, rules out accounting loophole Reuters UK
Common Tax Scams in 2024: IRS “Dirty Dozen” Highlights
Although the 2024 “Tax Day” is over, tax scams live on. The IRS compiles an annual list of common scams known as the “Dirty Dozen” list. Read on to learn about the most common tax scams in 2024 to avoid falling victim to them. And, find out how to protect your business and report tax […]
Trump Media’s accounting firm charged with ‘massive fraud’ – CNN
Trump Media’s accounting firm charged with ‘massive fraud’ CNN
Practitioner service improvements part of IRS strategic operating plan
The IRS aims to improve service on the tax practitioner phone line and build a better online account for tax professionals, Commissioner Danny Werfel said Thursday.
Final regs. issued for clean energy credit transfers
The IRS issued final regulations regarding the election to transfer certain clean energy tax credits. The regulations include specific rules for partnerships and S corporations as eligible taxpayers and transferee taxpayers.
Updated FAQs provide details on phase-in timing of BOI access
The FAQs from Treasury’s Financial Crimes Enforcement Network said access to beneficial ownership information will be phased in, beginning this spring with a pilot program for some federal agency users and concluding in spring 2025, when financial institutions with customer due-diligence requirements will be able to review BOI.