RogerRossmeisl

FEBRUARY 18, 2024

It’s called a pension-linked emergency savings account (PLESA) and the provision authorizing it became effective for plan years beginning January 1, 2024. The IRS recently released guidance about the accounts (in Notice 2024-22) and the U.S. For 2024, a participant who earned $150,000 or more in 2023 is a highly compensated employee.

Account 203

Account accountant accounted CPA 203

RogerRossmeisl

JANUARY 1, 2024

The program runs through March 22, 2024. The program is part of the IRS’ continuing efforts to combat questionable ERTC claims. This special disclosure program affords taxpayers the ability to repay only 80% of the claim received. FAQs: The FAQs provide detailed information on eligibility, the program process, calculating and.

CPA 261

CPA Tax cpa firm business tax 261

CPA Practice

FEBRUARY 1, 2024

Roseland, NJ-based tax and advisory practice Magone & Co. has signed an agreement to merge with Hackensack, NJ-based CPA firm Wurdemann, Pinto & Co. The combined firm will employ approximately 40 people. Financial terms of the deal weren’t disclosed.

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Real Estate quickbooks cpa firm audit 52

CPA Practice

MARCH 5, 2024

March 2024. As business tax season winds down in the US Market, many leading partners have contacted me for strategic technology guidance for 2024 and beyond. So, What Are the Common Issues in CPA Firms? Begin building your list now for action after the busy season is over. So, What’s Next?

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Technology cpa firm CPA Non-Profits 64

RogerRossmeisl

JANUARY 1, 2024

The special disclosure program runs through March 22, 2024, and the IRS added provisions allowing repayment of 80% of the claim received. The new disclosure program, which has been in the works for several months, is part of a larger effort at the IRS to stop aggressive marketing around ERTC that misled some employers into filing claims.

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CPA Tax cpa firm business tax 130

Nancy McClelland, LLC

JANUARY 30, 2024

To say nothing of the fact that the next government shutdown deadline is scheduled for one week before business tax returns are due. And to add to all of this, that the bill is being funded by an early end to the Employee Retention Credit program, as of January 31, 2024. And we were freaking out about that delay.

Tax 52

Tax tax return Illinois tax preparation 52

Nancy McClelland, LLC

APRIL 5, 2024

to include loads of information that most CPA firms are simply not going to have access to — not only current tax-year payroll information, but prior-year data on a per-employee basis; as well as information on how many employees qualified to participate (whether or not they actually participated), again both in 2022 and in 2023.

tax preparation 52

tax preparation Tax bookkeeping payroll 52