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

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

Accounting Today

JULY 24, 2025

EDT 6 Min Read Facebook Twitter LinkedIn Email The not-so-great outdoors; spear itself; pain and gain; and other highlights of recent tax cases. From 2017 to 2022, Heaton, who pleaded guilty in February, underreported his income to the IRS. He underreported his taxable personal income, which resulted in his evading at least $1.9

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Tax tax preparation Real Estate tax return 59

CPA Practice

JULY 7, 2025

In parallel with his public service, he is in the early stages of co-founding an estate planning and estate tax firm alongside his wife, who is also a licensed CPA. Property and Fiscal Office on accounting programs, financial systems, and operational business processes.

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cpas accounting and finance CPA Technology 85

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. .:

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Tax tax preparation North Carolina tax return 59

CPA Practice

JUNE 18, 2025

As updates to the Form 8971 instructions are considered, we suggest that Treasury and IRS include our recommendations to enhance taxpayer and tax practitioner clarity and compliance,” says Eileen Sherr, AICPA Director of Tax Policy and Advocacy. Making the tax bracket rates under the Tax Cuts & Jobs Act (TCJA) permanent.

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Withum

JANUARY 21, 2025

Hardship distributions are subject to income taxes unless those distributions are from Roth contributions. Therefore, they are subject to a 20% federal tax and may be subject to a 10% additional tax on early distributions.

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income tax Education Tax Account 52

Withum

DECEMBER 11, 2024

The R&D tax credit is a tax incentive that encourages companies to invest in research and development activities in the United States. Potentially Qualifying Activities While seemingly routine, many of the activities performed by e-commerce companies can qualify for the R&D tax credit.

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E-commerce Tax payroll tax income tax 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

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CPA Practice

JUNE 18, 2025

He becomes chair of the Governing Board, succeeding Matt Snow, who has served as board chair since 2022 and retired on May 31. Randall is the national practice leader for the firm’s International Tax Service line and has more than 25 years of experience in public accounting.

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Technology payroll accounting and finance audit 71

CPA Practice

JUNE 19, 2025

Bio ) As enterprise tax growth and industry leader and Canada tax leader, Severino drives strategic growth and fosters collaborative efforts focused on delivering comprehensive insights and innovative solutions that meet the evolving needs of the middle market. Canada, India and El Salvador.

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Withum

DECEMBER 17, 2024

The Tax Cuts and Jobs Act (TCJA) enacted several tax rate cuts when it was enacted in 2017. This included a reduction of the C Corporation rate to 21% and a temporary provision that allowed owners of S Corporations and Partnerships a reduction of their taxes by deducting an additional 20% of the taxable profit from their businesses.

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Tax tax planning income tax tax return 52

Going Concern

JUNE 13, 2025

Blick Rothenberg said ‘Making Tax Digital’, which requires taxpayers to report quarterly rather than annually, would not lead to any additional revenue for HMRC. Fiona Fernie, a partner at Blick Rothenberg says: ‘This will not change their actual tax liabilities or the payment dates on which income tax has to be paid.

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CPA audit auditor accounting firms 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

Accounting Today

JULY 21, 2025

EDT 6 Min Read Facebook Twitter LinkedIn Email Big rigged; fearsome foursome; NYPD blue; and other highlights of recent tax cases. Union City, Georgia: Truck driver Dantavious Jackson, 39, who operated a ghost tax prep business, has pleaded guilty to making claims for refunds of false pandemic-related employment tax credits.

Rhode Island 89

Rhode Island Tax tax preparation Technology 89

Dent Moses

JULY 8, 2025

The One Big Beautiful Bill Act (formally termed “The Act”), signed into law on Friday, July 4, by President Donald Trump, extends key provisions of the Tax Cuts and Jobs Act (TCJA) and addresses several tax priorities of the Trump administration. The Act permanently extends the $500 non-child dependent tax credit.

Gambling 49

Gambling Manufacturing Construction Tax 49

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.

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SkagitCountyTaxServices

JULY 2, 2025

Senate clocked 16 hours reading through President Trump’s tax proposal on Saturday, then debated it for another 10 hours on Sunday. We’re talking things like 100 percent bonus depreciation , tax-free tips for employees in certain industries, and extended pass-through deductions that could ease the burden on your business income.

income tax 53

income tax payroll payroll tax Tax 53

Going Concern

OCTOBER 30, 2024

Berson expressed that this was solely a tax mitigation strategy. BDO leadership said the conversion was purely for purposes of reducing partner income taxes and that there was no private equity or any related transaction on the table, further misleading Phan and the partnership. Other partner departures followed as well.

Healthcare 80

Healthcare Expense Reimbursements income tax Virginia 80

Withum

JULY 22, 2025

While the OBBBA does not directly amend state and local income tax laws, some of the new provisions impact state income taxes in states that use Federal Taxable Income or Adjusted Gross Income as the starting point for state corporate income and personal income taxes, respectively.

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income tax Tax Utah Oregon 72

Withum

JANUARY 30, 2025

Following the January inauguration, a flurry of executive orders, and Senate confirmations rolling in, the timing of when federal tax reform will take place still appears to be undecided amongst the Republican party. How Will Federal Tax Reform Be Presented In Congress? How Will Federal Tax Reform Be Presented In Congress?

Tax 85

Tax Florida Texas income tax 85

Going Concern

JANUARY 21, 2025

KPMG UK is under investigation : The accounting firm KPMG is under investigation by the sectors UK regulator over its audit of the 2022 accounts of the gambling company Entain. A no tax on tips bill is back. Maybe we’ll look at some historical data and see what kind of progress they’ve made in the past decade. For funsies.

accounted 52

accounted Account accountant CPA 52

Withum

DECEMBER 17, 2024

As the political landscape shifts with President Trump back in the White House and Republicans holding the majority in Congress, the practical implications for tax policy are significant. What might this new tax regime look like? Historically, tax incentives have played a crucial role in encouraging charitable donations.

Tax 52

Tax corporation tax tax planning Government 52

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.

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Tax Technology payroll audit 105

CPA Practice

JULY 24, 2025

That marked the longest stretch of declines since 2022, and the figure fell short of the median forecast in a Bloomberg survey of economists. OBannon Leave a Reply Cancel reply Δ CPA Practice Advisor is the definitive technology and practice management resource for accounting and tax professionals. © 2025 Firmworks, LLC.

Technology 52

Technology payroll payroll tax accounting and finance 52

CPA Practice

JULY 4, 2025

House sent a bill to President Donald Trump’s desk that kills tax credits of up to $7,500 for EV customers that were part of the 2022 Inflation Reduction Act. However, the tax credits helped fuel an EV market far more robust and affordable than drivers enjoyed before the rebates kicked in two and a half years ago.

Tax 90

Tax Technology payroll audit 90

ThomsonReuters

JULY 14, 2025

The oil and gas industry operates in an extremely complex and ever-evolving tax environment , one that presents a multitude of challenges for those involved in tax planning and compliance efforts. Which taxes apply to oil and gas companies? Aside from the taxes that most international companies pay (e.g.,

North Carolina 59

North Carolina Non-Profits Montana income tax 59

RogerRossmeisl

JULY 16, 2022

As a result of the current estate tax exemption amount ($12.06 million in 2022), many people no longer need to be concerned with federal estate tax. Now, because many estates won’t be subject to estate tax, more planning can be devoted to saving income taxes for your heirs.

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income tax tax planning Tax 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

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. Leave a Reply Cancel reply Δ CPA Practice Advisor is the definitive technology and practice management resource for accounting and tax professionals. © 2025 Firmworks, LLC.

Technology 58

Technology payroll audit payroll tax 58

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

NOVEMBER 13, 2022

Are you wondering how high inflation will affect your federal income tax bill for 2023? The IRS recently announced next year’s inflation-adjusted tax amounts for several provisions. A larger standard deduction will shelter more income from federal income tax next year. Some highlights Standard deduction.

Tax 235

Tax income tax CPA 235

TaxConnex

JANUARY 13, 2022

There’s always something changing in the world of tax, especially sales tax. Laura Kelly has asked the state Department of Revenue to work with state legislators representing the communities impacted by recent wildfires to fast-track legislation extending the sales tax exemption for fence materials and services. State updates.

Sales 246

Sales Utah Tax Wisconsin 246

RogerRossmeisl

APRIL 24, 2023

Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2023. April 18 If you’re a calendar-year corporation, file a 2022 income tax return (Form 1120) or file for an automatic six-month extension (Form 7004) and pay any tax due.

income tax 239

income tax Tax tax return CPA 239

RogerRossmeisl

OCTOBER 29, 2023

over July of 2022 after a couple years of much higher increases. Be aware of the tax implications if you’re selling your home or you sold one in 2023. You may owe capital gains tax and net investment income tax (NIIT). Here are the Tax Rules appeared first on Roger Rossmeisl, CPA.

Tax 264

Tax income tax CPA Sales 264

RogerRossmeisl

APRIL 21, 2022

Current retirement plan rules allow for significant tax-deductible contributions. For example, if you’re self-employed and set up a SEP-IRA, you can contribute up to 20% of your self-employment earnings, with a maximum contribution of $61,000 for 2022.

Tax 245

Tax income tax CPA accountant 245

RogerRossmeisl

AUGUST 6, 2023

Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2023. July 31 Report income tax withholding and FICA taxes for second quarter 2023 (Form 941) and pay any tax due. See the exception below, under “August 10.”)

Tax 246

Tax income tax CPA business tax 246