GoalSeek Shared Services Pvt Ltd

GoalSeek Shared Services Pvt Ltd GoalSeek Shared Services Pvt Ltd. has emerged as another name to substitute excellence in the field o

27/05/2026

The IRS doesn't send a notification when your payroll deposit schedule changes.

One day you're monthly. Then your payroll taxes cross $50,000 in the lookback period, and you're automatically on semi-weekly. Deposits due within 3 business days of every payroll run.

If nobody told you, you're probably still depositing monthly.

The penalty for getting this wrong starts at 2% and climbs to 15% depending on how late the deposit is. On $100,000 in payroll taxes, one late deposit is $5,000.

This isn't a rare situation. It happens to growing businesses all the time, not because of negligence, but because the IRS never sent the memo.

Not sure which schedule you're on? That's worth checking today.

The IRS just expanded its Business Tax Account to partnerships, government entities, and tax-exempt organizations. Swipe...
25/05/2026

The IRS just expanded its Business Tax Account to partnerships, government entities, and tax-exempt organizations. Swipe through to see which entities are now eligible, how access is structured for each category, and what registration requires.



Source: IRS News Release IR-2026-46, April 6, 2026.

22/05/2026

The average US tariff rate hit a multi-decade high in 2025, reaching levels not seen since at least the 1940s according to the Tax Foundation, with the effective rate peaking near 28% in April before settling lower following court rulings on IEEPA tariffs. Even at current levels, the tariff environment is the most significant source of supply chain cost uncertainty that most small businesses have faced in their operating lifetimes.

In that context, the lag between a cost change and a business owner knowing about it is no longer a minor inconvenience. Pricing decisions, vendor contracts, and cash reserve planning all require current numbers. Businesses running on monthly close cycles are making real decisions on data that is already weeks old. The argument for tighter financial visibility is not about software or outsourcing; it is about what decisions you can and cannot make when costs are moving faster than your books.

Sources: Tax Foundation Tariff Tracker / Brookings BPEA (2026) / Penn Wharton Budget Model

Extension season for a CPA firm carrying hotel and NRI clients is not a delayed April. It is its own preparation calenda...
21/05/2026

Extension season for a CPA firm carrying hotel and NRI clients is not a delayed April. It is its own preparation calendar with FBAR deadlines, FATCA filings, cost segregation schedules, and treaty position documentation all running in parallel.

Swipe through to see what a managed extension season looks like for this kind of book, and how sequencing complex returns across the May-to-September window changes what October looks like.

15/05/2026

According to the CFO Pulse Survey 2024, 83% of finance leaders reported being unable to find qualified accounting talent, up from 70% in 2022. The US Bureau of Labor Statistics has documented the accounting and auditing workforce contracting by over 17% since 2020, while degree completions in accounting programs have dropped roughly 30% from their mid-2010s peak, per AICPA's 2025 Trends Report. Enrollment numbers are beginning to recover, but that pipeline takes years to reach the workforce.

The compliance workload is moving in the opposite direction. Tax law changes, state-level reporting variation, and payroll complexity have all increased over the same period. Organizations that built their finance model around ready access to domestic accounting talent are now competing for a pool that has contracted substantially and may not fully recover for years.

Sources: CFO Pulse Survey 2024 (via AACSB) / AICPA 2025 Trends Report / US Bureau of Labor Statistics

The PropCo/OpCo structure is common in hotel ownership for legitimate business reasons. It also creates tax and accounti...
13/05/2026

The PropCo/OpCo structure is common in hotel ownership for legitimate business reasons. It also creates tax and accounting requirements that do not exist in a single-entity model, starting with the intercompany lease and running through to how depreciation flows and how passive losses are analyzed.

Swipe through to see what the structure actually requires from both a tax preparation and internal consistency standpoint.



Source: IRC Section 482; IRC Section 469; Treas. Reg. 1.482-1.

11/05/2026

Two meaningful 1099 threshold changes took effect under the One Big Beautiful Bill Act. For Form 1099-K, the reporting requirement has been restored to its original level of $20,000 in payments and more than 200 transactions, applying retroactively to 2022 and replacing the $600 threshold that was proposed under the American Rescue Plan. For Forms 1099-NEC and 1099-MISC, the threshold for reporting contractor payments rose from $600 to $2,000, effective for payments made in 2026, and will be adjusted for inflation starting in 2027.

The part that trips people up: none of this changes what income is taxable. Every dollar earned is reportable on a tax return whether or not a 1099 form arrives. The threshold only determines whether the payer is required to issue the form.

Sources: IRS FAQ on 1099-K (OBBBA) / OBBBA Sections 70432 and 70433

Adding a hotel property in a new state does not extend your existing occupancy tax registration. It creates an entirely ...
08/05/2026

Adding a hotel property in a new state does not extend your existing occupancy tax registration. It creates an entirely separate compliance obligation with its own registration deadline, filing frequency, remittance schedule, and penalty framework.

Swipe through to see what triggers a new obligation, why the revenue base varies by jurisdiction, and what the enforcement picture looks like for late registration in high-activity states.



Source: State hotel occupancy tax statutes (varies by jurisdiction); IRS Rev. Rul. 2004-86.

06/05/2026

Under the Tax Cuts and Jobs Act, bonus depreciation had been on a scheduled phase-down: 80% in 2023, 60% in 2024, and heading toward zero by 2027. The One Big Beautiful Bill Act reversed that schedule entirely, permanently restoring 100% bonus depreciation for qualifying property acquired and placed in service after January 19, 2025.

For most tangible personal property with a recovery period of 20 years or less, including machinery, equipment, vehicles, and technology, businesses can now deduct the full purchase cost in the year it is placed in service. A $200,000 equipment purchase becomes a $200,000 first-year deduction. It's worth noting that the acquisition date matters: property under a binding contract signed before January 20, 2025, remains subject to the old phase-down rules.

Source: OBBBA Section 168(k) / Grant Thornton, BDO (2025)

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In states where the minimum wage is $15 or above, the F**A tip credit calculation involves a step that Form 8846 does no...
04/05/2026

In states where the minimum wage is $15 or above, the F**A tip credit calculation involves a step that Form 8846 does not make explicit. Many hotel and restaurant operators in these states are either calculating the credit incorrectly or not claiming it at all.

Swipe through to see how the calculation works, what documentation the IRS expects, and how the credit interacts with the Section 199A deduction for pass-through operators.

**ATipCredit

Source: IRC Section 45B; IRS Form 8846 instructions; Treasury Regulation 31.3121(q)-1.

01/05/2026

The One Big Beautiful Bill Act, signed July 4, 2025, made the Section 199A QBI deduction permanent for pass-through business owners. Previously set to expire at the end of 2025, the deduction allows eligible sole proprietors, S-corp owners, and partners to deduct up to 20% of their qualified business income on their personal return. The OBBBA also expanded the phase-in range for income limits and introduced a new $400 minimum deduction for active business owners starting in 2026.

The deduction still carries W-2 wage limits, property tests, and restrictions for specified service businesses in fields like law, healthcare, and consulting. Clean, well-organized books are what separate business owners who successfully claim it from those who technically qualify but can't support the number.

Source: IRS Section 199A / One Big Beautiful Bill Act (Pub. L. 119-21)

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