NorthlandCPAs

Last week, Matt Whalen, CPA and Bryan Kronberger, CPA had the pleasure of attending the 2024 WICPA Annual Tax Conference in Brookfield. Wisconsin Institute of CPAs (WICPA) conferences provide the opportunity to hear from both local and national subject matter experts about the most relevant topics and timely issues. Matt had the honor of participating in the discussion panel for Beneficial Ownership Information reporting on behalf of Northland CPAs. #wicpa #network #success

To prepare for a business audit, an IRS examiner generally researches the specific industry and issues on the taxpayer’s return. Examiners may use IRS Audit Techniques Guides (ATGs). A little-known secret is that these guides are available to the public on the IRS website. Find out more: https://lnkd.in/g_uhsEmV #irs #businessaudit

In recent years, the residential real estate market has surged in many areas. That means many homes have greatly appreciated, and the $250,000 home sale gain exclusion ($500,000 for joint filers) isn’t always sufficient to protect a home sale from federal income taxes. If you’re a senior thinking about selling your highly appreciated home, the transaction may bring a painful tax bill. Learn more: https://lnkd.in/gwyrj_rg #taxplanning #capitalgainstax

As the year winds down, you may want to combine estate planning with tax savings by taking advantage of the gift tax annual exclusion. It allows you to give cash or property up to a specified amount to an unlimited number of family members and friends each year without gift tax implications. Here’s what you need to know: https://lnkd.in/gAFAPkij #gifttax #estateplanning

As the holidays approach, it’s time to consider tax planning moves that will help lower your 2024 taxes, as well as set you up for tax savings in future years. Here are seven year-end tax planning ideas to consider: https://lnkd.in/gDWYcN8f #taxplanning #incometax

Today we honor the heroes who made our freedom possible. Thank you, veterans. #veteransday #gratitude

Congratulations Gosia! We are all so proud of you!!

Now is a good time to consider year-end moves that can help reduce your business’s 2024 taxes. The effectiveness of a particular action depends on the circumstances of your business. Here are several possibilities: https://lnkd.in/gxzcTF_V #business #accounting

We are happy to share that, as of last week Gosia Roszina has successfully passed all 4 parts of the CPA exam. Gosia launched her accounting career at Northland CPAs in 2013 after she completed her associate degree from Nicolet College. In December of 2020 she graduated with her bachelor’s degree with a double major in accounting and human resource management from Upper Iowa University and is now the General Business Services Manager. A CPA license is the accounting profession's highest standard of competence, a symbol of achievement, and determination and we are very proud of Gosia’s accomplishments. Gosia is very excited to have the privilege of continuing her career as a CPA and provide variety accounting, tax, and advisory services to Northland’s clients.

Please make a note of these upcoming tax due dates for November. https://lnkd.in/gfdfJwQ #november #taxduedates #taxtip