CPA Practice

APRIL 5, 2024

Earlier this week WalletHub released a study that shows which states’ residents have the highest and lowest tax burden , measured as the proportion of total personal income that residents pay toward state and local taxes. Another study released this week , from credit-building platform Self Financial, analyzed the lifetime cost of tax in the U.S. The study looks at how much tax the average person is estimated to pay in each state throughout their lifetime.

West Virginia 126

West Virginia Rhode Island South Dakota North Dakota 126

Going Concern

APRIL 5, 2024

A federal grand jury in Newark, New Jersey, returned an indictment Wednesday charging tax preparer Leon Haynes of Teaneck, New Jersey with fraudulently seeking more than $150 million from the IRS by filing more than 1,600 false tax returns for himself and his clients that claimed COVID-19-related employment tax credits. He’s looking at 55 counts of aiding and assisting in the preparation of false tax returns, five counts of mail fraud, one count of aggravated identity theft and two counts

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tax preparation tax return New Jersey Tax 113

CPA Practice

APRIL 5, 2024

By Annette Cary, Tri-City Herald, Kennewick, Wash. (TNS) A Kennewick tax preparer cost the United States $42 million in lost tax revenue between 2017 and 2020 after filing tax returns that were riddled with errors, fabrications and fraudulent entries, alleges the Department of Justice. The Department of Justice filed a civil complaint in Eastern Washington District U.S.

tax return 103

tax return Tax tax preparation income tax 103

Accounting Today

APRIL 5, 2024

CohnReznick appoints first president of global operations; Maxwell Locke & Ritter rebrands, and more news from across the profession.

Kansas 112

Kansas 112

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

Account

Patriot Software

APRIL 5, 2024

If you’re like many business owners, you know that you have to handle certain tasks, like purchasing items, taking on debt, or putting your own money into your business, to get your venture up and running. And when your company processes any type of transaction, whether it’s debt, purchases, etc.

general ledger 88

general ledger Account accountant accounted 88

Accounting Today

APRIL 5, 2024

A new study analyzing 110 years of state-level tax policies shows a migration of wealthy Americans to low-tax jurisdictions.

income tax 117

income tax Tax 117

Accounting Today

APRIL 5, 2024

Due to greater-than-expected interest, Accounting Today has moved the submission deadline for its 2024 Best Firms for Technology survey from today to Wednesday, April 10.

Technology 92

Technology Account accountant accounted 92

Randal DeHart

APRIL 5, 2024

Running a small construction business may seem like hopping from one task to another, needing more support and guidance. That can make it tempting to let some to-dos on your checklist slide, especially those related to finances, which can be challenging and are often outside your preferred skill set or experience. The issue, of course, is that clients can only pay you once you've invoiced them.

Construction 84

Construction Finance 84

Accounting Today

APRIL 5, 2024

The Top 100 Firm has merged in ITR Economics to boost its advisory capabilities.

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124

AccountingDepartment

APRIL 5, 2024

We are thrilled to announce that Episode 16 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

accounting careers 90

accounting careers Account accountant accounted 90

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Accounting Today

APRIL 5, 2024

A look at the numbers behind the biggest firms in accounting this year.

Account 127

Account accountant accounted 127

ThomsonReuters

APRIL 5, 2024

Businesses that do not have sound tax provision processes are at an elevated risk of damaging their company’s financial health. That’s because interim tax reporting plays a pivotal role in providing valuable financial information between annual reporting periods. By understanding the significance of interim tax reporting and following best practices, businesses can effectively navigate this process.

Tax 68

Tax income tax financial statements accounting standards 68

Accounting Today

APRIL 5, 2024

Bloomberg Tax and Accounting launches suite of integrated solutions; Nominal launches generative AI ERP; and other accounting technology news and updates.

Technology 86

Technology Tax Account accountant 86

Nancy McClelland, LLC

APRIL 5, 2024

Photo by coco tafoya on Unsplash As my readers and colleagues know, I’m a huge proponent of leveraging technology to remove the drudgery from our jobs and those of our small business clients. We all have enough on our plates already! As a CPA whose company works with loads of small businesses that need to process payroll, I’ve used quite a few payroll systems through the years… and Gusto has become our favorite.

tax preparation 52

tax preparation Tax bookkeeping payroll 52

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

Accounting Today

APRIL 5, 2024

The high court heard arguments in a case about a commonly used succession planning tool for closely held businesses that may affect advisors' clients.

Tax 77

Tax 77

Ronika Khanna CPA,CA

APRIL 5, 2024

The deadline to file tax returns is quickly approaching, resulting in various degrees anxiety for some taxpayers and accountants. The good news is that the stress can be managed fairly easily with some simple organization techniques. The most effective starting point is to evaluate your tax situation and prepare a checklist of the documentation that you will need with respect to your specific tax situation.

Tax 52

Tax tax return Education accounting and finance 52

Accounting Today

APRIL 5, 2024

Ideagen Audit Analytics' report shows mid-tier auditors taking market share from smaller firms.

audit 82

audit auditor 82

Insightful Accountant

APRIL 5, 2024

The Internal Revenue Service today advised taxpayers, including self-employed individuals, retirees, investors, businesses, and corporations about the April 15 deadline for first-quarter estimated tax payments for tax year 2024.

Tax 52

Tax 52

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

Technology

Accounting Today

APRIL 5, 2024

The 'client manager system' approach is unique in mid-market firms, because clients are developed at the top and trimmed from the bottom.

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52

Going Concern

APRIL 5, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

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auditor audit Oklahoma CPA 102

Accounting Today

APRIL 5, 2024

Accounting firms looking to add advisory services need to pick from among three profitable models.

accounting firms 56

accounting firms Account accountant accounted 56

CPA Practice

APRIL 5, 2024

By Erik Wasson and Samantha Handler, Bloomberg News (TNS) Senate Republicans are poised to sink a $78 billion tax-cut package, gambling that they’ll win the majority in November and can push then for bigger breaks for business. They also don’t want to hand President Joe Biden an election-year victory on the legislation, which includes both child and business tax breaks, lawmakers and aides have said.

Tax 105

Tax Idaho Kentucky Gambling 105

Advertiser: Paycor

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