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The Bean Counter with Ann M Irons, CPA


Tax Year 2018  Corporate/Individual Tax Returns

Should You Hire a CPA to Prepare Your 2014 Taxes?

Posted by Ann Irons, CPA

Dec 29, 2014 11:12:00 AM

There is plenty of debate concerning the pros and cons of doing your taxes by yourself. In some ways, it could help you save the money that you would otherwise pay a professional.

Yet, the truth is that it could prove more costly and time-consuming if you make any mistakes while filing your taxes.

To help you better understand the debate, and get the most out of your tax return, we examine a few of the top reasons to hire a CPA to do your taxes for you. 

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Topics: Individual Income Taxes

Preparing for 2014 Small Business Tax Filings

Posted by Ann Irons, CPA

Dec 25, 2014 11:00:00 AM

Anyone who pays taxes may feel the crunch during the few months leading up to tax season. For small business owners, however, that crunch can feel more like a crushing weight, comprised of worry about what to do and apprehension about making a mistake doing it.

With a specialty in personal and small business tax preparation, I enjoy helping people and companies navigate the complex waters of tax codes and laws. Since they can change every year, having a professional manage your small business taxes could significantly lighten your worries so you can focus on the continued success of running your company. 

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Topics: Small Business Tax

Common Mistakes When Filing Your Taxes

Posted by Ann Irons, CPA

Dec 22, 2014 4:45:00 PM

To help people save time and return their taxes by the April deadline, there are several options that help guide you through filing your own taxes quicker and more conveniently.

Unfortunately, quick doesn’t always equate to accurate, and a quick guide cannot adequately teach you the many laws, codes, standards, and deductions that you should know before filing.

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Topics: Individual Income Taxes

Law Firm Accounting: Outsourcing Lightens the Load

Posted by Ann Irons, CPA

Dec 18, 2014 10:12:00 AM

More small businesses and law firms are discovering that they can save a great deal of time and money by outsourcing key functions to outside firms, such as accounting firms. Does this mean that outsourcing is always the best option? Not necessarily, says CPA Ann Irons. Before you decide whether to outsource certain tasks, learn as much as possible about what is available and what to look for.

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Topics: Accounting for Lawyers

Law Firm Accounting: Clients Still Haven't Paid You?

Posted by Ann Irons, CPA

Dec 16, 2014 10:11:00 AM

The end of the year is fast approaching, and you’re most likely in one of two camps: Either you’ve been diligent in your collections, or you are just now realizing that you have hundreds, even thousands of dollars in fees billed but not collected. Ouch. Ann Irons, a CPA in Holliston, MA who offers accounts receivable services for businesses and law firms, explains that waiting until the last minute can have serious implications for your finances.

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Topics: Accounting for Lawyers

Law Firm Accounting: 3 Ways Law Firms Can Avoid Unplea$ant Surprises

Posted by Ann Irons, CPA

Dec 11, 2014 10:11:00 AM

As an accounting professional servicing real estate law practices based in Holliston, MA, CPA Ann Irons has learned a great deal about what works and what doesn’t in her clients’ day-to-day financial functions. She has also worked with clients who learned the hard way the challenges of managing changes in accounting requirements and performing reconciliations of trust accounts. Outsourcing payroll, accounts receivable, and accounting functions to a professional accountant is one of the most effective ways to make daily operations more manageable. Otherwise, consider these pointers.

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Topics: Accounting for Lawyers

How Can I Save Money With the Foreign Tax Credit?

Posted by Ann Irons, CPA

Dec 9, 2014 10:10:00 AM

If you are a citizen of a country other than the United States who has generated investment income within the US, you may be eligible to claim the Foreign Tax Credit. This particular credit is open, with certain conditions, to income that would otherwise be taxed by both the United States and your country of residence. However, the requirements for claiming the credit are complex; it is best to partner with a tax preparer who is knowledgeable in matters of foreign investment in the US.

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Topics: International Tax

Escrow Accounting Tips for Home Buyers from a Holliston MA CPA

Posted by Ann Irons, CPA

Dec 4, 2014 10:09:00 AM

Buying a home is one of the most exciting, albeit stressful experiences in your life. If you plan on taking out a loan to pay for your home, you will most likely be required to establish an escrow account. What is an escrow account, and how will it affect your tax return?

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Topics: Escrow Accounting

Escrow Accounting Hints for Real Estate Law Practices

Posted by Ann Irons, CPA

Dec 2, 2014 11:27:00 AM

One of the most challenging aspects of accounting for real estate lawyers involves managing escrow accounts. Neglecting to check and re-check escrow transactions can bring on time-consuming, expensive problems that affect your clients as well as your reputation.

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Topics: Escrow Accounting

Mitigating Risks of Foreign Investments in US Real Estate

Posted by Ann Irons, CPA

Nov 20, 2014 12:51:00 PM

Foreign investment in United States real estate is not for faint of heart. Volatile exchange rates and a less than ideal housing market make for risky business. If you are new to real estate investing, a basic understanding of the risks and benefits can mitigate these risks.

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Topics: International Tax

About Ann M. Irons, CPA LLC

ann_irons_head_shotAnn spent over 25 years in the financial service industry, gaining knowledge and experience that allows her to provide an array of tax, bookkeeping, and accounting services for her clients. Relying on a stringent code of ethics and a dedication to maintaining the highest industry standards, Ann works hard to ensure her clients receive the quality service they’ve come to expect. A member of AICPA and MSCPA, Ann has also had an article featured in the renowned publication, Banker and Tradesman. 

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