Remove 2024 Remove cpas Remove tax return Remove tax services
article thumbnail

AICPA Tax Executive Committee Approves Revised Tax Standards

CPA Practice

In August 2022, the American Institute of CPAs (AICPA) released proposed revisions to the Statements on Standards for Tax Services (SSTSs) for public comment. The AICPA’s Tax Executive Committee (TEC) reviewed and adopted the updates to the SSTSs on May 18, 2023; the updated standards will be effective on January 1, 2024.

Tax 59
article thumbnail

Friday Footnotes: Working Late; The Year of the ESOP?; It’s Not Layoffs, It’s “Repositioning” | 1.5.24

Going Concern

And take our 2024 Predictions for the Accounting Profession survey ! Imagine the dirty looks PwC partners get from the other Big 4 partners at the country club now [link] — Going Concern (@going_concern) January 4, 2024 Office Space Armada Hoffler Finalizes Lease with KPMG LLP at Town Center of Virginia Beach [ Yahoo!

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Friday Footnotes: Work-Life Balance, Does It Work?; Big 4 Firms Slash Job Postings; She Doesn’t Even Go Here! | 2.16.24

Going Concern

Bill would let private CPAs, not state auditor’s office, audit state agencies [ Radio Iowa ] Senator Mike Bousselot, a Republican from Ankeny, IA seems to think letting CPA firms audit government books instead of the state auditor will fix the accountant shortage somehow? I’m a professional tax preparer.”

article thumbnail

Business Tax Rates: How Much Do Small Businesses Pay in Taxes?

xendoo

The IRS taxes corporations as separate legal entities, which opens them up to double taxation. The IRS then taxes them at the corporate income tax rate. Shareholders still must file their personal income tax returns and report the corporate dividends and capital gains they get as part of their taxable income.

article thumbnail

The Present & Future of CAS for Accounting Firms

CPA Practice

Accounting Thought Leaders Say CAS Will Become a Must for Firms in 2024 As technology continues to dramatically shape the accounting profession, the latest big conversations have been around AI and automation. Pricing CAS Services 4. Final Thoughts and Predictions for 2024 The concept is CAS (Client Accounting Services).

article thumbnail

What Happens if a Business Doesn’t File Taxes?

xendoo

The Internal Revenue Service (IRS) can send you a bill for penalties and additional fees. However, we understand that tax filing requirements and rules change each year. It’s hard to keep up without your own accountant or business tax services. When you run a business, it’s easy to fall behind on your books and taxes.

Tax 52