Dane Janas, EA

The unemployment rate for accounting roles, specifically for accountants and auditors, remains quite low. As of the latest reports, the jobless rate for these positions is approximately 1.4%.👇 This low unemployment rate highlights the high demand for accounting professionals and can make it challenging for employers to find qualified candidates. In Florida, this trend is likely similar, given the competitive job market and the high demand for specialized skills in accounting. To address these challenges, employers may need to offer competitive compensation packages, consider flexible work arrangements, and potentially work with specialized staffing agencies to find and attract top talent. Follow me for new job opportunities, staffing, recruitment & nearshoring solutions for your company, career advice, news and genuine motivation. ❤️ Always here to help regardless! Contact me at 786-796-5157 or Ldorta@usattg.com for any inquiries. #Lazthejobguy #Accounting #Hardtofind #ttgculture #JobOpportunities #recruiterlife #helpingothers #whatinspiresyou #letsconnect #Staffing #Jobs #innovation #Networking #OPT #businessowners #Entrepreneurship #Work #Inspiration #Nearshoring #humanresources #technology #leadership #hiringmanagers #personaldevelopment #jobinterviews #consulting #ttgTalentSolutions #careercoach #Adelante #Respect #helpingcompanies ttg Talent SolutionsLeo GuevaraCharlie CubillasDouglas D.Miranda TossonaGiancarlo DortaAdrian GuevaraBrenda CastilloPaula StevensLaura Cáceres GiraldoLaura LeonCarolina Maya PalacioChristopher Columbus High SchoolFIU AlumniNova Southeastern University Alumni Association

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As a company how do you compete for Accountants and Auditors when unemployment is at 1.3%? 1. Have realistic expectations with your job requirements, if you are looking for a unicorn candidate you won't find it in this current market. You may need to give a little with your expectations and understand what is available in the market. You can train on the missing pieces. 2. Offer a flexible work environment, this doesn't always have to do with the number of days in the office. The more flexible you are the more desirable the role will be. 3. Have a clear plan for development for new hires, they want to see a path. 4. Have competitive pay. If you are below market you will lose almost every time. 5. During the interview process keep the candidates engaged and make the process move along as quickly as possible. The longer you take the more chance that another company will hire them. I work with companies every day that are determined to hire the best talent in the market, it doesn't always come down to just money. Have some tips to add?

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𝐇𝐨𝐰 𝐓𝐨: 𝐏𝐫𝐞𝐩 𝐅𝐨𝐫 𝐓𝐡𝐞 𝐂𝐏𝐀 📝 It's all about the preparation! 1. Understand the Exam Structure ↘ AUD, BEC, FAR, REG 2. Create a Study Plan ↘ Assess your schedule, set goals, and practice the schedule. 3. Choose Study Materials ↘ CPA review courses and supplemental materials. 4. Focus on Understanding, Not Just Memorization ↘ Conceptual understanding and doing plenty of practice questions. 5. Take Practice Exams ↘ Review results and study based on them. 6. Stay Healthy and Manage Stress ↘ Maintain healthy habits! 7. Review and Revise ↘ Review previously covered material to reinforce your knowledge and retain information. 9. Schedule Your Exam ↘ Stay up to date on open exam dates and make sure you're registered correctly. 10. Stay Informed ↘ Keep up with any changes to the exam format or content by checking the AICPA website or other official sources. By following these steps and staying disciplined, you can maximize your chances of passing the CPA exam. Good luck! #passedCPAexam #studyingforCPA #cpaexam

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Why remote Tax Preparer are in demand. The US has an accountant problem 📉 33% Decline in new CPA candidates between 2016 and 2021. 👵 75% of CPAs are at retirement age 📅 340k Accountants left their jobs in the last few years. 📚 150 Credit Hours required for CPA licensing, increasing costs and time for candidates. 💼 Higher Error Rates and Longer Tax Processing Times reported by some companies due to understaffed accounting teams. #USA #Taxpreparer #New #PTIN #IRS #CPA

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IRS CONTINUES TO LEVY WITHOUT NOTICE So yet on another case, I have a client who admittedly is not responsive, who just had a new revenue officer take the case. This new revenue office knows us from another case, has the info about us being the poa from the case file, plus we pulled transcripts so the poa is on file at the IRS CAF unit. Instead of calling us, the new R.O. just files a bank levy. I know other practitioners this is happening to. This abuse of the law ought to stop before we get a new change of guard, don't you think? If you need to file a return, my 4 part audit proofing will help you to avoid an audit. If you owe, let me show you how to prevent the above happening to you. I never advise a client to be non responsive. I support a proactive approach to dealing with the IRS. Protection is just not for people who hire expensive attorneys. In fact I have some expensive attorneys as clients! Call Stephanie and she will talk to you for free and help you make the right decision about saving taxes and defending against the IRS.

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More than 300,000 U.S. accountants and auditors left their jobs in the past two years — a 17 percent decline in employed accountants and auditors from it's peak in 2019. That's a huge number! One that is concerning for the profession. However, yesterday provided me hope for the future. Yesterday I had the privilege of attending the accounting career fair at my Alma Mater. While there is a lot of doom and gloom around the profession, yesterday was a great reminder that: - There is still a lot of interest in the accounting profession - We as a profession need to do more to attract (and retain) talent - We need to talk more about the opportunities that profession has provided us - We need to do better job of telling our stories and sharing our experiences The future of the CPA profession in our hands. What are we doing to ensure it's success going forward? #cpa #publicaccounting #rockchalk

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SSN, ITIN, EIN - What Do They Mean? Simplified Tax Terms You Need to Know Ever wondered what those tax ID numbers really mean? Let’s break down SSN, ITIN, and EIN in a simple way to help you navigate your tax journey! 🔢 Social Security Number (SSN) 1. What it is: A unique nine-digit number for U.S. citizens and eligible residents. 2. Uses: Tracks individuals for Social Security and serves as an identification number for tax reporting. 🆔 Individual Taxpayer Identification Number (ITIN) 1. What it is: A tax processing number issued by the IRS for those not eligible for an SSN. 2. Uses: Helps non-resident aliens, their spouses, and dependents report their taxes. 🏢 Employer Identification Number (EIN) 1. What it is: A unique nine-digit number for businesses in the U.S. 2. Uses: Essential for tax filing and reporting, just like an SSN is for individuals. Let’s connect and explore more about managing your finances effectively! #TaxTips #SSN #ITIN #EIN #FinancialLiteracy #BusinessFinance

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Work Opportunity Tax Credit (WOTC) The WOTC is a federal tax credit available to employers who hire an individual from a WOTC targeted group. Employers must apply for and receive a certification verifying the new hire is a member of a targeted group before they can claim the tax credit (using IRS Form 8850 to perform the calculation in advance). After the required certification is secured, taxable employers claim the WOTC as a general business credit against their income taxes, and tax-exempt employers claim the WOTC against their payroll taxes. It is not refundable. Employers who hire someone that has been unemployed for more than six months may be entitled to up to a $2,400 tax credit; or as much as $9,600 in some cases depending on the targeted group and qualified wages paid to the new employee generally during the first year of employment. Employers can also receive this tax credit if they hire someone that is recently: (i) out of the military, (ii) coming off welfare, or (iii) out of prison. Generally, the credit is 40% of qualified first-year wages for individuals who work 400+ hours in their first year of employment. The Work Opportunity Tax Credit expires at the end of 2025. RESOURCES: https://lnkd.in/gTkDimRC https://lnkd.in/g2ey4rA  

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Offer In Compromise: Opportunity To Solve Tax Debt IRS issued Tax Tip 2024-37, April 24, 2024, to inform taxpayers that can’t pay their full tax debt or if paying would cause financial hardship, that they should consider applying for an offer in compromise which is a program that could provide an opportunity to eligible taxpayers to solve their tax debt with the IRS by settling for less than the full amount owed. The taxpayer must make an offer based on what the IRS considers the taxpayer’s ability to pay and submitting an application does not ensure that the IRS will accept the taxpayer’s offer. Read the full article here: https://lnkd.in/euxCVu7y #foodmanCPAandadvisors #taxseason #amendtaxreturn #taxdebt #taxreturns

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🇺🇸 If proposed changes to #IRS Form 6765 go into effect for tax year 2024, claiming R&D #taxcredits in the United States will require more detail and documentation than ever before. We break down what the new claim standards mean for tax filers and how teams can get a jump on Form 6765 changes by rethinking how they track and measure their #research and #development. https://lnkd.in/eqmkWJqY #funding #innovation #capital #UnitedStates #product #development

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Here are 6 ways we use Loom at MBS Accountancy: 1. Communicating review notes to preparers 2. Explaining financials/tax returns to clients 3. Outlining tutorials / SOPs for tasks and work items 4. Communicating our firm's standards for specific internal processes 5. Explaining your value as a hire (I hired Adolfo Marquez on his Loom pitch) 6. Giving company meetings/announcements How do you use Loom?

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♦️MAJOR TCJA Provision Expiring 2025♦️ Right now the exclusion for gifting is $14,000,000 But this gets HALVED after 2025… Which means you’ve got a year and a half to take advantage of it (unless Congress steps in) So if you or your clients are nervous about this split, it might be nice to take advantage of it when the going is still good And understand what IS a gift and what ISN’t And what on earth does ‘detached and disinterested generosity’ means Essentially, a gift is you give to someone, get no deduction, but, the recipient Has NO taxable income And when to know when something is a gift… and when it isn’t This takes us to Duberstein, the OG case on gifting Duberstein, head of Duberstein Iron, was giving leads to a CEO of another corporation, called Mohawk Metal (Metal heads around the world rejoiced reading this) The other CEO was so thankful for this free assistance he gave Cadiallac (this is like 1951 mind you) Our guy Duberstein tries to deny the gift (he’s got three cars already) But as they say never look a gift horse in the mouth! So he takes the Caddie But doesn’t include as income in his return Oddly enough, Mohawk Metal deducts as much as “advertising” on their end… Kinda putting their guy in a bind The IRS brings up the issue And since we’re in the ‘early days’ of the tax code The IRS wants a hard and fast rule But like all things in tax… There are no hard and fast rules And the Supreme Court clearly states that they will not give “A Rule to rule all other rules” (sorry watched Fellowship of the Ring and had to toss in a reference) But the Supreme Court walks through And asks Duberstein if Mohawk would have given him the car WITHOUT giving that free advice And of course he says no So the court kind of figures that gifts have to have this little phrase to ever work ‘Detached and disinterested generosity’ Which to say once again, what is your intent And shows that gifting is always a case by case scenario So all your influencers who are getting the tote bags and items as a gift… That’s alllll taxable income to you A gift’s main intent is that you get nothing out of the deal So giving to family, social communities, things of that nature That’s gonna be a gift But, if there is any kind of business purpose that can be tied to it You might have have a hard time not calling that income to the recipient As all things in tax, its a ‘case by case’ basis It always depends on intent So what does this mean overall? Well 1. Be thoughtful right now of taking advantage of a $14 million exclusion And be mindful of talking to your clients about this (multiple different kinds of estate planning you can do here) 2. When you receive a gift or give one, always ask “what is your intent here” 3. Don't let tax always "wag the dog" so to speak as when you're wanting to give! Parents can give up to $18,000 in 2024 so definitely take advantage of this while you can!

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My reply to client's CRA audit of US tax DGRAYCPA: You’re incorrect about THAT point. The 1042-S’s CAN be included on your 1040NR and if they used your SIN instead of ITIN, I would add an explanation statement. BUT, here’s where I would focus:Under treaty the wh rate s/b 15%. If the correct rate was used and therefore correct amount withhold, the 1042-S isn’t reported on 1040NR (no harm in doing so but also no point or requirement in doing so) and CRA must accept the IRS account transcript showing the 1042-S wh tax. Now, you may need to straighten out with IRS that the 1042-S with SIN is put into your account that it tracks with your ITIN, if it didn’t of its own accord make that association. Now, if CRA becomes impossible over this, you are allowed to file an amended return and report the 1042-S on the amended 1040NR in the manner the way CRA is requesting you’re basically bending over to do something for CRA that CRA is mistaken over. If the incorrect rate was used and therefore incorrect amount withhold and let’s say too little was withheld, the 1042-S is reported on 1040NR (requirement in doing so) and CRA must accept the IRS account transcript showing the 1040NR tax. If the incorrect rate was used and therefore incorrect amount withhold and let’s say too much was withheld, you have two choices: 1) to forgo the over-withholding 2) report the 1042-S with correct lower w/h on 1040NR and claim refund of excess w/h and CRA must accept the IRS account transcript showing the 1040NR tax. CLIENT: The CRA audited my Foreign tax paid on my 2022 Canadian tax return. The foreign tax paid is for Dividends from US Corporations. I sent the CRA my 1042-S forms, which are from Morgan Stanley. Those 1042 forms have my Canadian SIN on them and show the tax withheld by IRS. For some reason the CRA asked for my 1040-NR tax return, which you produced. Then, they told me that the 1040-NR shows that I paid 0 tax and hence they won't give me credit for my Dividend tax that is withheld by the IRS. The CRA Auditor said this: "Since you have not paid any tax to a foreign country, as shown by the Form [US rental property]1040-NR and Account Transcript issued by Internal Revenue Service (IRS), consequently, we cannot consider taxes paid to a foreign country related to your investments (Forms 1042-S). In order to be considered for those amounts, you are required to modify your US tax return, include those incomes in the Schedule NEC and your tax paid in the Form 1040."To me, this is wrong, because my 1042-S forms have my Canadian SIN on them, and not my US ITIN. Hence, we cannot and should not include these amounts on my 1040-NR. But am I wrong about this?

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Don't Get Scammed: Key Points Before Hiring Tax Resolution Help ▲ If a company pushes you to sign a contract or pay upfront before discussing your case details, walk away. Real tax professionals will focus on understanding your situation first. ▲ Some companies are staffed by salespeople, not tax experts. Look for a company with credentialed professionals like Enrolled Agents, CPAs, or former IRS agents who can negotiate directly with the IRS on your behalf. ▲ Need Help? Finding the right tax resolution specialist can be overwhelming. I can guide you through the process yourself or connect you with a reputable professional. Don't go it alone – call me at 954-328-3501 for a consultation. 📍 Join us on YouTube |• Link 🔗 in bio •| 📞 To schedule an appointment, link in the bio. 🌴 Share, and repost to benefit others! . . . #SullivanTaxGroup #TaxResolutionTips #AvoidScams #KnowYourRights #CredentialedProfessionals #IRSNegotiationExperts #ExpertGuidance #TaxHelpAvailable #ProfessionalConsultation #ProtectYourself #ShareTheKnowledge

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I wonder how long it will take leaders at our national and regional industry and trade groups to realize that we will have to have a fundamental change in the approach to attracting and retaining talent. Hint: a PR media image spin from “long hours and overtime” to “get to help our clients solve emerging complex problems” isn’t going to cut it, unfortunately. 2nd Hint: Starting salaries need to be higher!

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There’s two types of CPA firms that could offer you the fully remote Tax Manager position you’ve been looking for. Those that do it out of desperation and an inability to hire people locally. Then there’s those that do it properly. They have the systems and processes to allow you to work effectively on a remote basis. They’ll integrate you into the firm in the best way possible – so that you feel a part of something. They have clear and effective channels of communication, so you know what’s going on in the firm and what’s expected of you. They focus on the results and outcomes you deliver, rather than your activity and facetime. They recognise how important you can be in the growth and success of the firm. We’re helping a firm hire a remote Tax Manager. They fall into the second category. They’re pretty good at this remote thing. Mainly because they’ve been doing it since 2001 (the same year that Apple released their second generation I-Pod). Over half of the workforce are fully remote so you’ll be in good company. You’ll be reviewing complex returns (mainly entities but a few 1040’s too). For a small firm, they have some very complex clients too. They use the CCH suite, so having a knowledge of this will certainly help. You could be from a larger firm, wanting to be part of a smaller set up or you could be in a small firm at the moment who are scaling back on remote. Like to know more? Just fire me a message or give me or Georgina Ross a call.

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💡 Think you know everything about federal tax refunds? Think again! 🧐 We're debunking common myths to help you understand the truth about getting your money back from the IRS. #TaxRefunds #TaxMyths #IRS Learn more⬇