Withum

JUNE 24, 2022

When that prohibition was lifted nine months later by the Consolidated Appropriations Act, 2021, claims for the ERC exploded. One unfortunate side effect of the ERC explosion has been the proliferation of tax credit companies offering dubious advice in exchange for outsize fees. See generally Notice 2021-20, Q&As #23-28.

Tax 126

Tax audit tax return tax services 126

Going Concern

NOVEMBER 24, 2023

EY moved to a hybrid work policy in 2021 “with the expectation that most of its people will normally spend at least two days a week working remotely”. Taxpayers who use tax professionals can sometimes also show reasonable cause—i.e., Taxpayers who use tax professionals can sometimes also show reasonable cause—i.e.,

auditor 110

auditor audit tax return cpas 110

Anders CPA

NOVEMBER 29, 2022

According to the Colorado Department of Revenue website, on July 1, 2022, any retailer who had an active sales tax account, a retailer license, and any sales tax liability reported after the beginning of 2021, was automatically registered for a retail delivery fee account.

Retail 52

Retail Colorado tax return Tax 52

ThomsonReuters

JANUARY 28, 2022

If you spend a lot of time hiring temporary employees just to help with tax season, you could be missing out on a lot of potential talent—those employees who are looking for long-term positions. Tax accountants who only need office space for a few months out of the year must spend a lot of time before tax season looking for good options.

Tax 102

Tax tax preparation bookkeeping bookkeeping services 102

ThomsonReuters

FEBRUARY 1, 2021

The FUTA tax rate is currently 6.0% FUTA tax credit reduction when they file their Form 940 (Employer’s Annual Federal Unemployment (FUTA) Tax Return), resulting in a net FUTA tax rate of 0.6%.FUTA Employers paid FUTA tax at a rate of 3.0% As of January 28, 2021, 18 U.S. FUTA credit reduction.

Hawaii 89

Hawaii Nevada California New Jersey 89

CPA Practice

AUGUST 18, 2023

Join SafeSend as we examine a variety of options for automating client touchpoints across the tax engagement – gather source documents, collect digital organizers, assemble, and deliver completed tax returns, collect e-signatures, send reminders, and accept tax prep fees just to name a few.

Technology 52

Technology Indiana Michigan E-commerce 52

CPA Practice

JUNE 21, 2023

Shirley is a certified Scrum Product Owner and PMC, who loves to use stories to bridge knowledge gaps and to help firms re-imagine their tax practice management. She has been working for SafeSend since 2021 and has interacted with over 1,000 firms. Gail is a member of the AICPA’s PFS Credential Committee.

Tax 80

Tax Technology Indiana Michigan 80

CPA Practice

AUGUST 15, 2023

Jared is a popular speaker and advisor due to his expansive knowledge of current tax policies, cybersecurity, and industry trends. Ann Campbell , CPA CIA, joined Drake Software in 2021 as a Tax Software Trainer. Gail is a graduate of Indiana University where she earned a bachelor’s degree in journalism.

Tax 52

Tax North Carolina Indiana CPA 52

ThomsonReuters

JANUARY 18, 2024

Preparing tax returns. Additionally, depending on the type of firm, accountants may be involved in more advisory-centric responsibilities, such as analyzing financial data and providing clients with strategic guidance and recommendations on how to reduce costs and boost profitability. Recording disbursements and payments.

Account 59

Account accountant accounted tax preparation 59

ThomsonReuters

MARCH 22, 2021

The third early release draft of Form W-4P notes that its purpose is to provide instructions for an optional computational bridge between the 2021 or earlier Forms W-4P and 2022 and later Forms W-4P. The IRS notes that it has not yet updated these FAQs for the American Rescue Plan Act (ARPA), which was signed into law on March 11, 2021.

payroll 52

payroll Tax Arkansas Texas 52

Withum

NOVEMBER 17, 2022

Year-End Tax Strategies for Individuals. Most of the income tax proposals in the 2021 “Build Back Better” bill did not make it into the IRA. General Income Tax Planning. In 2021, individuals were able to make cash contribution up to 100% of their AGI; in 2022, the percentage is decreased to 60%.

tax planning 98

tax planning Tax Construction income tax 98

Going Concern

APRIL 11, 2022

Let’s take a look at how things have been going for the Internet’s most vexed tax accountants in the last 48 hours or so: #taxseason observations: 1. How do I pay my taxes? It just took me 90 minutes to assemble ONE tax return. I can't tell you how many returns have been redos already! TaxTwitter.

Tax 52

Tax CPA payroll tax payroll 52

Withum

OCTOBER 11, 2023

The Internal Revenue Service (“IRS”) released Notice 2023-63 , on September 8, 2023, providing guidance surrounding the requirement to capitalize Section 174 research and experimental (“R&E”) expenditures for the 2022 taxable year.While many tax accountants and business professionals welcome the additional guidance, the timing was not ideal.

income tax 80

income tax Tax accounting standards accounting and finance 80

Going Concern

FEBRUARY 19, 2024

“ China Evergrande Never Got Auditor Warning Despite Big Debt Load ,” Wall Street Journal September 24, 2021 Closer to home, Deloitte is allegedly moving offices in Milwaukee. These red flags from an auditor show that it has doubts about the company’s ability to stay afloat for at least 12 months. and moving into the U.S.

auditor 57

auditor Account accountant accounted 57

SkagitCountyTaxServices

SEPTEMBER 24, 2020

Though the IRS (and Congress) haven’t yet definitively made a statement about it (that we know of), here at Padgett & Padgett, PLLC CPA we are operating according to the fact that the filing deadline is going to be April 15th, 2021 for 2020 taxes. But this actually has nothing to do with your taxes for this year.

CPA 52

CPA tax accountant tax planning Tax 52

Going Concern

OCTOBER 20, 2023

Nevada CPA Pleads Guilty To Filing False Tax Returns [ U.S. Bradford of Henderson, was a certified public accountant (CPA) and founder and manager of an accounting firm, LL Bradford & Company (LLB). and took “an aggressive step” toward the agent before he was blocked by DeFrancesch.

CPA 105

CPA quickbooks Real Estate auditor 105

CPA Practice

AUGUST 17, 2023

He suggested this could also apply to accounting firm client service, too. For instance, when a client emails asking for a tax return or financial statement. Diane Yetter sees potential for the use of AI in sales tax processes. What are the biggest opportunities for AI in accounting?

accounting firms 98

accounting firms Account accountant accounted 98