Krater & Associates, LLC
August 16, 2016 at 4:18 PM ·
Our firm is preparing for the next tax season!
We will be soon interviewing for the following Seasonal Positions:
1. Tax Preparers - with a minimum of 3 years experience in individual and corp. income tax preparation.
2. Front Office Staff - with a minimum of 3 years experience in office and customer service with computer and communication skills.
These are seasonal positions from January thru April 2017
Candidates must submit resumes to: info@kratertax.com
Our firm is preparing for the next tax season!
We will be soon interviewing for the following Seasonal Positions:
1. Tax Preparers - with a minimum of 3 years experience in individual and corp. income tax preparation.
2. Front Office Staff - with a minimum of 3 years experience in office and customer service with computer and communication skills.
These are seasonal positions from January thru April 2017
Candidates must submit resumes to: info@kratertax.com
More than one-third of the taxes collected are sourced from the top earning individuals. This includes the category of individuals who usually earn an annual sum of $ 147000 or above.
The financial aspects of small business ownership can be overwhelming. Consider the services of a professional small business accountant to free your time for the things that you are in business to do.
If you already know that you’re going to owe substantially more in taxes than you can afford to pay, you may not know what options are available to you. Working with a tax accountant can help you to gain a better understanding of what to do next.
The 1960s saw many technological innovations at the IRS. In 1961, the National Computer Center was launched, and in 1965, the first toll-free telephone site was created.
Are you a business owner? You should keep organized, detail records of any invoices, bank statements, and receipts that you receive. If you travel for business, be sure to include any travel expenses, as well.
According to the IRS, “An enrolled agent is a person who has earned the privilege of representing taxpayers before the Internal Revenue Service by either passing a three-part comprehensive IRS test covering individual and business tax returns, or through experience as a former IRS employee.”
The Certified Public Accountant designation, most often referred to as CPA, is given to accountants who have passed an exam and certain work requirements. The CPA license is granted at the state or territory level. There are 54 such jurisdictions in the United States and its territories.
Did you know that if you purchase items that you need for your job and your employer doesn’t reimburse you for that expense, then the item is deductible? This can include anything from a uniform to tools to computer equipment.
Whether you're self-employed, have a handful of employees, or own a much larger company, the benefits of running a business come with a lot of accounting and tax hassle, but a tax accountant can help make everything a lot easier.
Since an enrolled agent specializes in tax law and has to pass stringent IRS exams, you might think they would be more expensive to work with than other types of accountants. Actually, depending on the complexity of your situation, it can often be cheaper to have an EA prepare your tax return.
Did you know that an un-enrolled tax return preparer cannot sign documents for a taxpayer? They can only represent taxpayers in limited situations before the IRS, revenue agents, and customer service representatives. For expert tax help that can represent you at all levels, contact our enrolled agents for tax specialization.
How long is the federal tax code? It was 400 pages long in 1913, but it has gotten a bit longer over the years. By 2010, it was a whopping 70,000 pages.
The accountants counting the ballots were not at fault with the 2016 Oscar faux pas, when Warren Beatty and Faye Dunaway announced the wrong winner for "Best Picture." Dunaway and Beatty were handed the wrong envelope!
If you are facing an audit, an enrolled agent can really help with your case. EAs have extensive knowledge of tax laws and the inner workings of the IRS to be able to clearly and accurately present your case and conduct the necessary negotiations.
Are you familiar with all of the deductions that your business can legally take advantage of? That’s an important reason to hire an accountant, particularly because tax laws change on a yearly basis and one of the responsibilities of an accountant is to be aware of any tax law changes that affect a client.
The bottom line is, the US tax code is a complicated system, and it changes from year to year, sometimes significantly. Rather than trying to keep track of all the changes, your best bet (and the way to ensure the biggest refund) is to hire a tax accountant.
Do you earn more than $200,000 a year? If so, you should strongly consider having an accountant handle your taxes. Not only are a wider array of potential tax-saving credit and deductions available, but the odds of an IRS audit increase by 400 percent for people that earn between $200,000 and $1 million.
Did you owe a larger amount of taxes this year than you thought you should? There could be a chance that your W-4 withholding amounts are off. It’s a good idea to visit to your company’s human resources department and find out if you should fill out a new form. If so, we can assist you with any questions that you may have.
If you are a business owner, you’ve heard the terms revenues and expenses. Revenues are increases in assets, decreases in liabilities, or both, resulting from delivering goods, rendering services, or engaging in ongoing major or central operations. Expenses are decreases in assets and increases in liabilities.
In 1986, five tax preparers electronically filed 25,000 returns. An IRS employee had to manually turn on a modem for each document to be received by the agency.