Accounting Today

JUNE 12, 2025

EDT 6 Min Read Facebook Twitter LinkedIn Email By any other name; poor Service; a saga continues; and other highlights of recent tax cases. Rockford, Illinois: Tax preparer Gretchen Alvarez, 49, has pleaded guilty to preparing and filing false income tax returns. The tax loss totaled $356,881. All rights reserved.

Tax 85

Tax tax preparation audit Technology 85

Shay CPA

JULY 16, 2025

Over the last 20 years of being an accountant, I’ve opened my fair share of mail to find tax notices so daunting they could wake you in cold sweat. These letters—from federal, state, or city agencies—might demand income tax, franchise tax, sales tax, unemployment insurance, or workers’ compensation.

Delaware 52

Delaware Tax tax return CPA 52

Going Concern

NOVEMBER 8, 2024

PwC accused of interfering in Australian tax leaks probe [ Financial Times ] PwC has been accused of interfering in Australia’s political and regulatory affairs after documents revealed the Big Four accounting group warned its local firm against co-operating with investigations into a damaging tax leaks scandal without permission.

Florida 98

Florida Mississippi audit auditor 98

Withum

JUNE 24, 2025

In May, the House passed “The One, Big, Beautiful Bill,” which contains broad provisions impacting many areas of taxation, including tax-exempt organizations. On June 17, 2025, the Senate Finance Committee released its version of the sweeping tax package.

Tax 72

Tax Transportation Finance income tax 72

CTP

APRIL 21, 2025

In 2021, student athletes were granted licensing rights for the first time, allowing them to earn income on the use of their name, image, and likeness (or NIL). Since the court decision in 2021, most Power Four schools (the most prominent NCAA Division I football conferences) have launched NIL collectives.

Tax 52

Tax Non-Profits Sports income tax 52

CPA Practice

JUNE 18, 2025

Mr. Voinovich joins Schneider Downs from a Columbus-based national retailer, where he served as Chief Financial Officer since 2021. View more articles from Mary Girsch-Bock > CPA Practice Advisor is the definitive technology and practice management resource for accounting and tax professionals. © 2025 Firmworks, LLC.

Technology 115

Technology audit Healthcare payroll 115

Anders CPA

DECEMBER 24, 2024

Nexus is the connection between a business and a state that allows the state to impose tax on the business. Wayfair decision , which created a precedent for states imposing sales tax on out-of-state businesses selling in their state. Economic Nexus: Sales & Use Tax The South Dakota v.

South Dakota 52

South Dakota income tax Missouri Sales 52

Dent Moses

JUNE 25, 2025

On March 20, 2025, the IRS issued new FAQ’s as guidance to businesses understand how to properly report Employee Retention Credit (ERC) refunds on their income tax returns. This is especially important for companies that received ERC refunds but never amended their earlier tax returns, or for those whose claims were later denied.

tax return 52

tax return income tax payroll Tax 52

Accounting Today

JUNE 5, 2025

EDT 6 Min Read Facebook Twitter LinkedIn Email Bank job; the magic is gone; not a beautiful day in the Neighborhood; and other highlights of recent tax cases. CPA Timothy Trifilo has been sentenced to 20 months in prison for making a false statement on a mortgage loan application and for not filing an income tax return. .:

Tax 59

Tax tax preparation North Carolina tax return 59

Accounting Today

JUNE 19, 2025

EDT 5 Min Read Facebook Twitter LinkedIn Email Seeking shelter; please be Gentle; where the heart is; and other highlights of recent tax cases. Nixa, Missouri: Tax preparer Tina Louise Yager has pleaded guilty to making false and fictitious claims against the U.S. million in taxes on income he earned from his business.

Tax 69

Tax tax preparation Technology Real Estate 69

CPA Practice

JULY 14, 2025

Mary Girsch-Bock Professionals on the Move is a round-up of recent hiring, promotion and staffing announcements from around the accounting and tax profession. His areas of tax expertise include partnerships, including allocations, tax planning and structuring. She is a member of the American and Pennsylvania Bar Associations.

West Virginia 51

West Virginia Technology Pennsylvania accounting and finance 51

Reckon

FEBRUARY 20, 2025

The deadline for the new tax reporting requirements for Not For Profit (NFP) organisations with an active ABN is set for 31st March 2025. However, the new reporting scheme has left some NFPs uncertain of their status or tax obligations. This is a drastic change from how tax exemption was calculated for NFPs. Lets break it down.

Non-Profits 52

Non-Profits income tax Tax Government 52

Accounting Today

JUNE 26, 2025

EDT 5 Min Read Facebook Twitter LinkedIn Email Another Naughty list; a couple of sharks; Miami vice; and other highlights of recent tax cases. San Jose, California: Execs Lalo Valdez and Matthew Olson have pleaded guilty to not paying over employment taxes to the IRS. Olson caused a total tax loss to the IRS exceeding $2.1

Tax 71

Tax Technology tax preparation CPA 71

SkagitCountyTaxServices

MARCH 6, 2025

And unfortunately, its not mostly the fun stuff keeping you busy its things more on the housekeeping side of running your business, like meeting tax and other important government deadlines. Monday, March 17 : S corporation and partnership tax returns are due for calendar-year businesses. – Tax year 2025 (reporting in 2026): 2.5K

tax return 73

tax return Tax CPA income tax 73

CPA Practice

JUNE 20, 2025

million in Paycheck Protection Program loans between 2020 and 2021. Jason Bramwell Leave a Reply Cancel reply Δ CPA Practice Advisor is the definitive technology and practice management resource for accounting and tax professionals. million in COVID-19 relief loans in Pennsylvania. million in COVID-19 relief loans in Pennsylvania.

Pennsylvania 72

Pennsylvania CPA Technology payroll 72

CPA Practice

JULY 25, 2025

Mary Girsch-Bock Professionals on the Move is a round-up of recent hiring, promotion and staffing announcements from around the accounting and tax profession. His areas of tax expertise include partnerships, including allocations, tax planning and structuring. She is a member of the American and Pennsylvania Bar Associations.

West Virginia 40

West Virginia Pennsylvania Technology accounting and finance 40

Withum

JANUARY 21, 2025

Each state has its own rulings regarding state income tax withholdings of 401(k) retirement plan distributions. Distributions of pre-tax employee elective contributions and employer contributions from a retirement plan are subject to a mandatory federal income tax of 20%.

income tax 52

income tax Tax accounted accountant 52

Accounting Today

JULY 10, 2025

EDT 6 Min Read Facebook Twitter LinkedIn Email Underhanded underground; down on the farm; reality check; and other highlights of recent tax cases. Augusta, Georgia: Two ghost preparers have pleaded guilty to a tax scheme. All rights reserved. By Jeff Stimpson July 10, 2025, 6:14 p.m.

Tax 75

Tax tax preparation income tax Technology 75

ThomsonReuters

DECEMBER 20, 2024

As the information return tax filing season approaches, businesses encounter the complex challenges of 1099 reporting. IRS data reveals that for the tax year 2022, over 72.3 From 2021 to 2022, there was an increase of over 12.5 million Forms 1099-NEC and more than 43.8 million Forms 1099-MISC were filed.

Technology 52

Technology accounts payable accounting system financial accounting 52

CPA Practice

JUNE 19, 2025

a pack federal excise tax , when they import cigarettes into the U.S. as long as they export the same amount—even though there’s no federal excise tax charged on exported cigarettes. excise tax on the more than three billion packs it ships from its Philip Morris USA Manufacturing Center by Interstate 95 in South Richmond.

Tax 75

Tax Technology payroll Manufacturing 75

Going Concern

JUNE 6, 2025

In a highly critical 35-page document, auditors BDO said in the 2021 financial year “dominant personalities and a weak control environment facilitated opportunities to commit fraud” at the union. Top Remote Tax and Accounting Candidates of the Week | June 5, 2025 Tax I.R.S.

audit 93

audit auditor Tax Government 93

Withum

JULY 22, 2025

The One Big Beautiful Bill Act (OBBBA), signed into law by President Donald Trump on July 4, 2025, includes tax reform provisions aiming to boost U.S. These changes, effective for assets acquired or construction that begins after January 19, 2025, offer tax savings for businesses with an emphasis on manufacturers. apartments).

Manufacturing 69

Manufacturing Construction income tax Tax 69

Going Concern

JANUARY 21, 2025

Stephenson, Reducing a Barrier to Entry: The 120/150 CPA Licensing Rule, January 7, 2021, [link] ). A no tax on tips bill is back. and Kevin Cramer (R-N.D), introduced the No Tax on Tips Act to exempt tips from being subject to taxation under the federal income tax. From Ted Cruz’s newsroom : U.S.

accountant 52

accountant Account accounted CPA 52

Accounting Today

JULY 11, 2025

GEORGIA Shelly Carmichael Smith + Howard, Atlanta, launched two new tax practices: site selection + incentives, led by Shelly Carmichael, and state and local income tax consulting, led by Brandee Tilman. Brown Plus, Camp Hill, promoted: Amanda Moats to audit manager; and Trinity Benedict and Megan Duffy to tax senior associates.

Oklahoma 72

Oklahoma Technology tax preparation audit 72

CPA Practice

JULY 17, 2025

The GOP megabill staggers the rollout of its sweeping budget provisions, including tax breaks and social program cuts. With next year’s midterms looming, strategic timing is everything: tax breaks to households (and corporations) begin in 2025, while most sweeping social program cuts are delayed until 2028.

Tax 105

Tax Technology payroll audit 105

CPA Practice

JULY 24, 2025

However, recurring claims for the last couple of months have hovered around the highest levels since 2021. Photo caption: A now hiring sign sets outside of Wendy’s in Saginaw, MI, on July 23, 2021. Weekly claims remain near the subdued levels seen prior to the pandemic, indicating employers are largely retaining staff.

Technology 52

Technology payroll payroll tax accounting and finance 52

CPA Practice

JULY 18, 2025

Premiums might get much pricier How it works now: Premium tax credits help taxpayers afford marketplace health insurance premiums. Since 2021, “enhanced” premium tax credits have been larger and available to more people. Smaller tax credits—and therefore more expensive premiums—go back into effect starting in 2026.

Tax 89

Tax Technology payroll audit 89

CPA Practice

JULY 17, 2025

At the same time, recurring claims near the highest since 2021 suggests unemployed Americans continue to find difficulty in securing a new job as the pace of hiring has slowed. Leave a Reply Cancel reply Δ CPA Practice Advisor is the definitive technology and practice management resource for accounting and tax professionals.

Technology 105

Technology payroll payroll tax audit 105

RogerRossmeisl

JULY 27, 2021

Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2021. Monday, August 2 Employers report income tax withholding and FICA taxes for second quarter 2021 (Form 941) and pay any tax due.

Tax 246

Tax income tax CPA business tax 246

RogerRossmeisl

OCTOBER 6, 2021

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2021. Note: Certain tax-filing and tax-payment deadlines may be postponed for taxpayers who reside in or have a business in federally declared disaster areas.

Tax 246

Tax income tax tax return CPA 246

CPA Practice

JULY 15, 2025

Toy prices increased at the fastest pace since early 2021, while the costs of household furnishings and sports equipment climbed by the most since 2022. Inflation Insights LLC President Omair Sharif pointed out that excluding cars, core goods prices climbed 0.55% in June — the biggest monthly advance since November 2021.

Technology 58

Technology payroll audit payroll tax 58

RogerRossmeisl

JANUARY 19, 2022

The IRS announced it is opening the 2021 individual income tax return filing season on January 24. You can potentially protect yourself from tax identity theft — and there may be other benefits, too. You can potentially protect yourself from tax identity theft — and there may be other benefits, too.

tax return 244

tax return Tax income tax CPA 244

RogerRossmeisl

APRIL 21, 2022

Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2022. April 18 If you’re a calendar-year corporation, file a 2021 income tax return (Form 1120) or file for an automatic six-month extension (Form 7004) and pay any tax due. See June 15. (See

Tax 246

Tax income tax tax return CPA 246

RogerRossmeisl

NOVEMBER 5, 2021

Have you heard of the “nanny tax?” Hiring a house cleaner, gardener or other household employee (who isn’t an independent contractor) may make you liable for federal income and other taxes. You may also have state tax obligations. 2021 and 2022 thresholds In 2021, you must withhold and pay FICA taxes if your household.

Tax 244

Tax income tax CPA 244

RogerRossmeisl

JULY 16, 2022

Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2022. August 1 Report income tax withholding and FICA taxes for second quarter 2022 (Form 941), and pay any tax due. See the exception below, under “August 10.”)

Tax 246

Tax income tax CPA business tax 246

RogerRossmeisl

SEPTEMBER 27, 2021

According to the National Association of Realtors, the median price of homes sold in July of 2021 rose 17.8% Be aware of the tax implications if you’re selling your home or you sold one in 2021. You may owe capital gains tax and net investment income tax (NIIT). over July of 2020.

Tax 246

Tax income tax CPA Sales 246

TaxConnex

MARCH 2, 2021

There’s always something changing in the world of tax, especially sales tax. And 2021 is off to a n especially busy start. The Sunshine State previously bet a lot on tourism revenue making up for not taxing internet sales – but the pandemic has wrecked that industry. 20 and April 14 to April 15, 2021.

Sales 247

Sales Tax Missouri Wisconsin 247