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

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 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

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

CTP

APRIL 21, 2025

A groundbreaking court case in 2021 gives these students licensing rights, challenging the previous policy set by the NCAA. NIL collectives began to spring up after that pivotal court case in 2021, and by 2023 most of the Power Four schools (the most prominent NCAA Division I football conferences) had NIL collectives.

tax planning 52

tax planning Tax Non-Profits Sports 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

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. Very Newton-esque.

tax return 73

tax return Tax CPA income tax 73

Accounting Insight

NOVEMBER 5, 2024

With today’s launch, IRIS rolls out two initial Enterprise product offerings: Enterprise Tax and Enterprise Accounts Production. This comprehensive platform helps firms improve profitability and client satisfaction by streamlining operations and offering robust tools for producing financial statements and generating tax returns.

accounting firms 52

accounting firms tax return Account accounted 52

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

Withum

JUNE 18, 2025

In the competitive hospitality sector, achieving financial efficiency and effective tax planning is vital. Hotel ownership presents unique opportunities to enhance cash flow and minimize tax obligations, particularly through the implementation of cost segregation.

Hospitality 64

Hospitality Construction tax planning Tax 64

Going Concern

MAY 12, 2025

Here’s something you probably hadn’t thought about when it was announced last week we’re getting our first American pope: Does Leo XIV have to pay taxes ? The United States generally requires all citizens to file an annual tax return, even those who live out of the country.

Kansas 52

Kansas Connecticut Account accounted 52

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

Going Concern

NOVEMBER 22, 2024

Determining the deal momentum in the longer term will likely depend on how much of Trump’s tax, energy, trade and regulatory agenda is enacted.” million from customers and failed to report the income on tax returns. A Great Resignation 2.0 The two men received over $1.5 They did various jobs ranging from roofing to driveways.

auditor 52

auditor audit accounting and finance financial statements 52

Accounting Today

JUNE 23, 2025

I had worked my butt off for a year and I got an $800 raise, which if you do the math after taxes, its like $50 a week. We did tax returns by hand. All rights reserved. And I said, this kind of environment is not for me. (02:49): 02:49): If Im going to work hard, I want to see the fruits of my labor.

accounting firms 95

accounting firms Technology accounting and finance audit 95

Going Concern

JANUARY 13, 2025

Grant Thornton, which provides tax and business consulting services, will occupy about 5,100 square feet on the 8th floor of the River Center, at 111 E. billion to taxpayers who failed to claim a Recovery Rebate Credit on their 2021 tax returns. Kilbourn Ave., according to a permit filed with the City of Milwaukee.

accounting firms 52

accounting firms Account 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

RogerRossmeisl

FEBRUARY 23, 2022

If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2021 gift tax return. The annual gift tax exclusion has increased in 2022 to $16,000 but was $15,000 for 2021. The post Are You Ready for the 2021 Gift Tax Return Deadline?

tax return 245

tax return Tax CPA 245

RogerRossmeisl

JANUARY 19, 2022

The IRS announced it is opening the 2021 individual income tax return filing season on January 24. Business returns are already being accepted.) 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

JANUARY 26, 2022

The IRS began accepting 2021 individual tax returns on January 24. If you haven’t prepared yet for tax season, here are three quick tips to help speed processing and avoid hassles. Tip 1 Contact us soon for an appointment to prepare your tax return. This includes W-2 and 1099 forms.

tax return 234

tax return Tax CPA income tax 234

RogerRossmeisl

MAY 23, 2022

The tax filing deadline for 2021 has passed. Now that your tax return has been successfully filed with the IRS, there may still be some issues to bear in mind. The statute of limitations is generally three years after you file your return (four years for California). Here are three considerations: 1.

tax return 244

tax return Tax California audit 244

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

RogerRossmeisl

AUGUST 5, 2021

From June 2020 through June 2021, the U.S. You should be aware that the way you handle some of your initial expenses can make a large difference in your federal tax bill. The post How New Business Start-up Expenses are Handled on your Tax Return appeared first on Roger Rossmeisl, CPA.

Start-ups 246

Start-ups tax return Tax CPA 246

RogerRossmeisl

FEBRUARY 24, 2021

Many people are more concerned about their 2020 tax bills right now than they are about their 2021 tax situations. That’s understandable because your 2020 individual tax return is due to be filed in less than two months (unless you file an extension). Below are some Q&As about tax amounts for this year.

Tax 221

Tax tax return CPA 221

TaxConnex

JANUARY 21, 2021

If your online company looks to expand its interstate sales in 2021, know one thing: Your plan involves risks and new responsibilities. The key is learning how to manage both, as sales tax non-compliance or errors can bring stiff penalties. Charging and collecting sales tax in an increasingly large number of states.

Sales 219

Sales Tax tax return audit 219

RogerRossmeisl

JUNE 3, 2021

In recent months, there have been a number of tax changes that may affect your individual tax bill. Here are two changes that may result in tax savings for you on your 2020 or 2021 tax returns. Your 2021 return will be due in April of 2022.

Tax 246

Tax tax return CPA 246

RogerRossmeisl

JANUARY 11, 2022

While Congress didn’t pass the Build Back Better Act in 2021, there are still tax changes that may affect your tax situation for this year. That’s because some tax figures are adjusted annually for inflation. However, it’s a good idea to acquaint yourself with tax amounts that may have changed for 2022.

Tax 246

Tax tax return CPA 246

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

DECEMBER 14, 2021

If you’re starting to worry about your 2021 tax bill, there’s good news — you may still have time to reduce your liability. Here are three quick strategies that may help you trim your taxes before year-end. Certain tax deductions are claimed for the year of payment, such as the mortgage interest deduction.

Tax 246

Tax tax return CPA tax planning 246

RogerRossmeisl

SEPTEMBER 17, 2021

By properly using the annual exclusion, gifts to family members and loved ones can reduce the size of your taxable estate, within generous limits, without triggering any estate or gift tax. The exclusion amount for 2021 is $15,000. The exclusion covers gifts you make to each recipient each year.

Tax 238

Tax tax return CPA 238

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

TaxConnex

FEBRUARY 27, 2024

Your sales tax obligations depend on knowledge and that knowledge often resides in a professional tax specialist (usually an accountant) who helps your company meet its sales tax obligations. This is a complicated time for sales tax obligations – and a terrible time to try to hire an accountant. There were about 1.65

Sales 264

Sales Tax Account accounted 264

TaxConnex

DECEMBER 28, 2021

And that means that more companies may find themselves with new sales tax obligations. More than $1 in every $4 spent on retail purchases during the 2021 holiday season will come from online orders, by some estimates (with about two out of every five of those done via a smartphone, other industry observers add ). billion in U.S.

Sales 246

Sales Tax audit tax return 246

RogerRossmeisl

NOVEMBER 29, 2021

Do you have a tax-saving flexible spending account (FSA) with your employer to help pay for health or dependent care expenses? As the end of 2021 nears, there are some rules and reminders to keep in mind. An account for health expenses A pre-tax contribution of $2,750 to a health FSA is permitted in 2021.

Account 242

Account accounted accountant tax return 242

CPA Practice

JUNE 15, 2023

The IRS miscalculated 2021 child tax credit payments for thousands of eligible taxpayers as of May 5, 2022, according to a new report from the Treasury Inspector General for Tax Administration. 105 taxpayers didn’t receive all of their eligible child tax credit, estimated at $139,000. This process uncovered 3.8

tax return 131

tax return Tax tax accountant Technology 131

TaxConnex

JULY 15, 2021

There’s always something changing in the world of tax, especially sales tax. 1, 2022, though, all retailers must apply the destination sourcing rules when calculating, collecting and remitting state sales tax. Marketplace sellers that properly remitted tax can file a claim for credit. As of Feb.

Sales 219

Sales Tax Louisiana North Carolina 219