MyIRSRelief

MAY 22, 2023

Chicago, Illinois is home to numerous businesses and individuals who may face tax-related challenges such as tax audits, back taxes, and payroll tax problems. The process of resolving tax issues can be overwhelming and stressful for taxpayers, and seeking professional (EA, CPA, Lawyer) tax help can be a wise decision.

payroll tax 147

payroll tax payroll audit Tax 147

Accounting Today

JANUARY 5, 2024

The Internal Revenue Service will be hosting a Tax Professional Awareness Week starting Monday, Jan. 8, to give tax pros an opportunity to get ready for tax season.

Tax 124

Tax income tax 124

MyIRSRelief

MAY 19, 2023

With this bustling economy comes a complex tax system, which can be overwhelming and confusing for many taxpayers. Whether you are a small business owner, self-employed, or an individual taxpayer, you may face tax issues such as tax audits, back taxes, and 941 payroll tax problems. Contact us for tax help today.

payroll tax 147

payroll tax New York audit payroll 147

TaxConnex

JANUARY 9, 2024

We are excited to announce the completion of our fourth annual sales tax survey. This year’s results provided insights into how businesses are managing the complexities of sales tax and how they are being impacted by economic and regulatory structures.

Sales 223

Sales Tax audit Education 223

CPA Practice

JANUARY 26, 2024

The IRS Criminal Investigation unit will hold educational sessions for tax professionals about the employee retention credit (ERC) next month, the agency announced on Jan. The ERC is a refundable tax credit that was enacted during the height of the pandemic to encourage businesses to keep their employees on payroll.

Tax 105

Tax Education tax preparation tax return 105

ThomsonReuters

JANUARY 4, 2024

Long hours and heavy workloads are nothing new for many accounting professionals. The high levels of stress associated with accounting careers may help to explain why fewer students are entering the industry and more professionals are leaving it, trends supported by data from the AICPA and the Bureau of Labor Statistics.

Tax 71

Tax Technology payroll tax accounting careers 71

ThomsonReuters

APRIL 17, 2024

Discover CoCounsel , the powerful generative AI assistant, aimed to transform how professionals work and access information. Subscribe on LinkedIn The post CoCounsel: The GenAI for tax and accounting professionals appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

Tax 52

Tax Account accountant accounted 52

ThomsonReuters

FEBRUARY 22, 2024

Developments in artificial intelligence (AI) are advancing rapidly all the time, and it’s set to play an increasingly important role in everyday life and the professional landscape. It is inevitable that in the next few years, it will impact – and even transform – how corporate tax professionals go about their work.

corporation tax 93

corporation tax Tax Technology audit 93

MyIRSRelief

MARCH 1, 2023

Fresh start – tax forgiveness program – as advertised on radio, TV, internet Taxation can be a complicated and stressful matter, particularly when it comes to tax levies and liens. If you are facing a tax issue, it is important to understand your rights and how to navigate the complex tax system. Q: What is a tax lien?

Tax 130

Tax Real Estate Government accounting and finance 130

Withum

DECEMBER 7, 2023

Are you an athlete or part of a sporting organization looking to navigate the complex world of taxes? Join this on-demand webinar where Withum’s Professional Sports experts and Rocco Scarfone dive into the complex challenges associated with athletes and taxes. Residency rules for tax purposes.

tax planning 98

tax planning Sports Tax New York 98

CPA Practice

FEBRUARY 12, 2024

Once upon a time, tax preparation was a document-heavy practice, requiring people to send their sensitive documents to their CPAs. The digitalization of the financial sector generally, and tax services in particular, has expanded access to high-quality tax services while making filing taxes more streamlined and convenient.

cpas 105

cpas Tax tax preparation Technology 105

CPA Practice

JANUARY 29, 2024

Today marks the start of the long and grueling road ahead for CPAs and enrolled agents as the IRS has begun accepting 2023 federal income tax returns. So with that in mind, IRS Commissioner Danny Werfel had a message for all tax professionals as they embark on another filing season: Thank you. Danny Werfel

Tax 96

Tax income tax tax return cpas 96

ThomsonReuters

SEPTEMBER 25, 2023

According to the new report, “Future of Professionals”, 59% of tax and accounting professionals working at firms cited productivity as their top priority, and 55% selected internal efficiency as one of their top priorities. This can save time, reduce errors, and free up professionals to focus on more complex and creative work.

Tax 104

Tax Account accountant accounted 104

ThomsonReuters

APRIL 21, 2024

For corporate tax professionals, navigating the ever-evolving landscape of tax codes and regulations is often a daunting task. This straightforward task becomes a monumental challenge when dealing with complex tax codes, global operations, and time constraints. To illustrate the scale of the challenge, in the U.S.

Tax 52

Tax corporation tax Technology tax planning 52

MyIRSRelief

DECEMBER 17, 2021

With tax season now right around the corner, it’s more important than ever to get your accounts and payroll 941/940 tax returns in order, rather than potentially find yourself staring down the wrong end of a substantial penalty from the Internal Revenue Service. Get tax help today by calling us at 1-877-78-TAXES [1-877-788-2937].

Tax 100

Tax tax return payroll CPA 100

KROST

NOVEMBER 9, 2023

The post Understanding the Complexities of Tax for Professional Athletes appeared first on KROST.

Sports 80

Sports Tax Entertainment CPA 80

ThomsonReuters

FEBRUARY 23, 2023

It is time to talk with clients about value, not cost, and make the play for business beyond this year’s tax filing. Develop best practices Developing best practices is another way tax professionals can add value. The post Tax professionals can add value by appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

Tax 98

Tax Expense Reimbursements Education Account 98

CPA Practice

FEBRUARY 27, 2024

By Crystal Blythe, IDology Once upon a time, tax preparation was a document-heavy practice, requiring people to send their sensitive documents to their CPAs. It also introduces unique challenges that CPAs and tax professionals can’t ignore. CPAs and tax professionals are right to leverage this technology.

cpas 69

cpas Tax tax preparation Technology 69

CTP

APRIL 29, 2022

When tax professionals prepare a tax return, they are typically aiming for the return to be correct “beyond a reasonable doubt.” In the eyes of tax law, the reality is that almost nothing can be dubbed “always correct” or “always incorrect.” Rather, tax professionals must learn to navigate a world of gray.

Tax 98

Tax tax preparation tax return cpas 98

CTP

APRIL 15, 2022

Every tax professional needs to be conscious of how to manage their practice ethically. Even if these professionals have other ethical obligations as defined by their governing body or rules of conduct, following the general concepts of Circular 230 will likely help them fulfill the duties they have in other areas.

Tax 87

Tax tax planning tax return CPA 87

ThomsonReuters

JANUARY 16, 2024

Making occupational wellness a priority Tax and accounting professionals are known for working hard, especially during tax season. Pursue professional development and learning opportunities and challenge yourself to grow and improve your skills and knowledge. Jump to: What is wellness?

Tax 52

Tax Account accountant accounted 52

MyIRSRelief

JANUARY 8, 2021

Americans living abroad, expatriates, are not immune from having to pay US Federal Income Tax and even some states do as well. Unfortunately, there are some people who mistakenly think that as soon as they leave the United States that they are no longer responsible for paying taxes. Where Expatriates can go for tax help?

Tax 147

Tax tax preparation income tax tax planning 147

ThomsonReuters

FEBRUARY 9, 2024

For corporate tax professionals, the emergence of ambient AI promises a future where ordinary tasks become extraordinary, and the unnoticed becomes an essential part of their work experience. Wong forecasts that in the next year, AI assistants will become more deeply integrated into the daily work of corporate tax professionals.

corporation tax 52

corporation tax Tax Transportation Technology 52

ThomsonReuters

JUNE 29, 2022

Summer is starting, so if you are planning to take the Certified Payroll Professional (CPP) exam during the Summer/Fall 2022 testing period, it would be a good idea to start working on those flashcards and find information for the seven main topics of the CPP test. This CPP quiz question will be on employment taxes. The IRS and U.S.

payroll 97

payroll Tax tax return income tax 97

ThomsonReuters

SEPTEMBER 19, 2023

Jump to: Job security: AI is an enhancement, not a replacement Making AI work for you: Best practices for tax professionals A collaborative future with AI The dawn of artificial intelligence (AI) has sparked concerns across various industries about the potential replacement of human workers with machines.

Technology 52

Technology Tax tax preparation tax return 52

Going Concern

AUGUST 23, 2023

The report’s main focus is AI, specifically the impact of AI on the future of professionals and how these people hope AI can transform their work for the better. Some key insights: How professionals’ hopes for generative AI are centered around improvements in operational efficiencies that will provide greater productivity.

Tax 88

Tax Account accountant accounted 88

KROST

JUNE 7, 2023

Loan-out corporations are widely used by sports and entertainment professionals as a tax and financial strategy. These corporations offer a wide range of benefits to individuals, such as tax advantages and enhanced financial flexibility.

Entertainment 80

Entertainment Sports Tax 80

Cherry Bekaert

APRIL 6, 2023

Tax Professional Responsibilities The Internal Revenue Services (IRS) recently issued two general announcements ( IRS Warns of ERC Scams ) warning taxpayers to be wary of third-party consultants taking improper positions related to the Employee Retention Credit (ERC). Full disclosure to a client of their tax situation.

Tax 66

Tax tax return income tax payroll 66

ThomsonReuters

DECEMBER 28, 2023

But fear not, we’re here to lighten the mood and bring you the top three webcasts that made navigating the twists and turns of the tax and accounting industry a little less taxing (pun intended). Join our engaging roundtable for a retrospective look at the 2022 tax season.

Tax 59

Tax Account accountant accounted 59

ThomsonReuters

FEBRUARY 23, 2023

It is time to talk with clients about value, not cost, and make the play for business beyond this year’s tax filing. Develop best practices Developing best practices is another way tax professionals can add value. Too often firms miss the mark and fail to realize that value is more important than price. Let’s take a closer look.

Tax 105

Tax Expense Reimbursements Education Account 105

Insightful Accountant

AUGUST 29, 2023

Industry thought leaders Dawn Brolin, Logan Graf, Tiffany Davis, Ryan Lazanis, Eric Green, and others, are partnering with Ignition to institute a new wave of change for US accountants and tax professionals.

Tax 52

Tax Account accountant accounted 52

Canopy Accounting

JANUARY 22, 2024

Learn everything there is to know about tax resolution in this ultimate guide and if it's something you should offer to your clients. See details!

Tax 98

Tax 98

ThomsonReuters

APRIL 19, 2022

Tax and accounting firms need to invest in learning and development for their employees to retain talent and address succession issues. They should give workers the tools to grow as professionals and in their careers. In person learning facilitates professional engagement. They crave the interactions of the classroom.

Tax 97

Tax Account accountant accounted 97

ThomsonReuters

SEPTEMBER 25, 2023

The top personal motivators for tax professionals are to produce high-quality advice, maintain a healthy work-life balance, and continue to develop their knowledge and skills. These benefits can help achieve goals of providing high-quality advice and service to clients while developing their knowledge and skills.

Tax 52

Tax Technology Maine Account 52

CPA Practice

AUGUST 21, 2023

A new survey shows the most urgent workflow challenges faced by tax professionals at large U.S. The survey was commissioned by Bloomberg Tax and Arizent. Among the key survey findings: More than 92% of corporate tax accountants consider workpapers as critical or very important for supporting the overall tax lifecycle.

corporation tax 52

corporation tax Tax tax accountant audit 52

Anders CPA

JULY 25, 2023

If you’re a taxpayer with income from rental activities or other real estate investments , it’s important to understand whether the IRS considers you a real estate professional. This consideration impacts the tax treatment of any rental income or losses and, consequently, may result in significant tax savings.

Real Estate 52

Real Estate Tax Non-Profits income tax 52

ThomsonReuters

MARCH 17, 2023

The industry is facing significant challenges as more accounting professionals are leaving than joining it. Since Checkpoint Edge is designed specifically with accounting professionals in mind, enhanced search functions speed up the time spent searching for information. And no, it is not for lack of demand.

Tax 59

Tax CPA Gaming Account 59