Valuation Demystified: Navigating Finance with Expert Insights
Valuation is a crucial aspect of finance and investment, providing insights into the worth of a business or an asset. In the world of finance,…
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Summer Moves and Taxes: Unlocking the IRS Exclusion for Home Sellers
Summer is “moving season” for many people, as they sell one home and move to another. As the warm weather beckons, individuals and families seize…
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Boost Employee Retention and Slash Taxes: Discover the Pension Plan Tax Credit for Small Businesses
Gain better employee retention while lowering your tax bill with the Pension Plan Tax Credit Attention small businesses: you may be able to claim a…
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Accounting | Consulting | Tax
Secure Your Financial Future: Recommendations for Disaster-Proofing Your Finances
Natural disasters can wreak havoc on your life and finances. With mudslides, landslides, severe storms, and tornadoes already happening this year, it’s important to be…
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Are Frequent Flyer Miles Taxed When Redeemed?
A popular perk of business travel is earning frequent flyer miles and other promotional benefits. Airlines, rental car companies and hotels have rewards programs that…
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2023 Tax Scams (Part 2): How to Protect Yourself from Fraudsters
With tax refund season in full swing, it’s important to be cautious and aware of potential scams. Scammers are always looking for ways to steal…
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Reduce Your Tax Bill on New Business Startup Costs: Here’s How
Starting a business is an exciting and challenging endeavor, but it’s important to keep taxes in mind. Whether you’re just getting started or already up…
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Missouri Accounting Firm Smith Patrick CPAs Recognized for Growth by St. Louis Business Journal
The St. Louis Business Journal highlighted the growth of Smith Patrick CPAs in its 2023 St. Louis Largest Accounting Firms list, which ranks the top…
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Accounting | Cannabis | News
Missouri Marijuana Entrepreneurs to Receive More Tax Deductions with Amendment 3, Explains Cannabis CPA Expert
Tax law is changing for the benefit of Missouri cannabis businesses with the passing of Missouri Amendment 3. Not only did this extend marijuana from…
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Accounting | Cannabis | News
Sarah Bantz Joins Smith Patrick CPAs, Brings Cannabis Accounting Expertise
Bantz Brings Cannabis Controller Experience to Growing St. Louis Accounting Firm St. Louis, MO — Smith Patrick CPAs announces that Sarah Bantz, CPA, has joined…
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Accounting | Cannabis | Tax
Attention Marijuana Operators: Learn the Tax Implications of Missouri Amendment 3
Tax law is changing for Missouri cannabis businesses. On November 8, 2022, Missouri Amendment 3, the Marijuana Legalization Initiative, was approved by voters, extending marijuana…
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Self-Employed Health Insurance Tax Deduction
Tax benefits are available to self-employed individuals who pay health insurance costs. Self-employed taxpayers can deduct 100% of their health insurance costs in computing their…
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Smith Patrick CPAs Participates in AICPA Diverse Student Internship in 2024
Smith Patrick CPAs is helping offer opportunities to diverse students. The St. Louis-based firm has been selected by the AICPA as a co-sponsor of the…
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Green Home Improvements? Get Tax Credits with Inflation Reduction Act
If you’re making energy-efficient improvements to your home, you’ll want to pay attention to the newly passed Inflation Reduction Act. This new law expands or…
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Online Safety Steps to Avoid Tax Scams & Protect Your Identity
Thousands of people have lost millions of dollars and their personal information to tax scams. During Cybersecurity Awareness Month, conducted every October, the mission of…
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Avoid Cannabis Tax Mistakes that Can Destroy Your Company
Many marijuana companies have faced stormy financial situations recently with collapsing margins, oppressive taxes, and vanishing access to debt and equity capital. Despite financial woes…
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Accounting | Cannabis | Tax
Tax Challenges Facing Marijuana Related Businesses (MRBs)
Key Accounting and 280E Implications for Medical Marijuana Businesses This is a summary of key areas to evaluate for marijuana related businesses and their finance…
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Student Loan Cancellation: Impact on Taxes
How does the cancellation of your student loan affect your tax liability? In general, if a loan or other debt you owe is canceled, you…
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Accounting | Cannabis | Tax
Things to Know About Tax Audits—Including Cautions for Cannabis Businesses
This year, the IRS will audit hundreds of thousands of tax returns. One in 100 businesses will be audited. The easiest way to survive a…
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Smith Patrick Voted Best Accounting Service by Readers of Greenway Magazine
Smith Patrick CPAs has been voted “Best Accounting Firm in Missouri” by Greenway Magazine in its Reader’s Choice Best of the Industry Awards. Smith Patrick…
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Accounting | Cannabis | News | Tax
For Legalized Marijuana, Banking Woes Persist: Smith Weighs in on St. Louis Public Radio
If you’re doing business with a medical marijuana company, your bank may charge you high fees or refuse to do business. David Smith, owner and…
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Smith Patrick CPA’s Debra Annis Named a Best Accountant in St. Louis
Annis Honored as a Best CPA by St. Louis Small Business Monthly Debra J. Annis, CPA, has been named to St. Louis Small Business Monthly’s…
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The IRS Updated Tax Guidance on the Marijuana Industry… Here’s What You Need to Know
The Internal Revenue Service (IRS) recently released updated guidance on tax policy for the marijuana industry. As tax and accounting experts, we wanted to give…
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Unemployment Quick FAQ
Alan Dierker, CPA answers questions regarding unemployment benefits under the CARES Act.
