CPA Practice

OCTOBER 16, 2023

However, taxes expected to be owed were required to be owed by the original April 18, 2023, deadline. For 2023, however, many taxpayers who had received an extension to file, also later faced various forms of natural disasters for which the IRS has granted additional time to file. 31, 2023, to file. 15, 2023, to file.

South Carolina 111

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Nancy McClelland, LLC

APRIL 5, 2024

This week, I discovered a gift that Gusto created for tax preparers with clients that use the Gusto+Guideline combo — a reporting tool that will literally prepare the Form 8881 “Credit for Small Employer Pension Plan Startup Costs” for you. On the left side bar, click on “Tax credits” 3.

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CPA Practice

APRIL 11, 2024

“Taxpayers must look out for unscrupulous preparers, who often will promise refunds that are too good to be true,” said Deputy Assistant Attorney General David A. Hubbert of the Justice Department’s Tax Division. “If Over the last year, the Tax Division has worked with U.S.

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CPA Practice

OCTOBER 2, 2023

However, taxes expected to be owed were required to be owed by the original April 18, 2023, deadline. For 2023, however, many taxpayers who had received an extension to file, also later faced various forms of natural disasters for which the IRS has granted additional time to file. 31, 2023, to file. 15, 2023, to file.

South Carolina 124

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CPA Practice

FEBRUARY 3, 2023

TNS) A Columbus, GA-based tax preparer has pleaded guilty in federal court to charges that she submitted false claims for tax credits for her clients and also failed to pay her own personal taxes. As tax season is currently underway, citizens should be reminded that committing tax fraud will lead to criminal prosecution.”

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CPA Practice

JANUARY 24, 2023

John McCarthy, CPA ( @johnmccarthycpa on Twitter) is the founder of McCarthy Tax Preparation , a virtual firm based out of Cincinnati, Ohio which states it was “created for advisors who don’t like taxes.” Jennifer is President and Cash Coach of Jetstream Administration Inc., based out of Winnipeg, Manitoba, Canada.

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CPA Practice

APRIL 17, 2023

And now, the results are in: IN-FIRM TECHNOLOGIES Federal/State Income Tax Preparation Insight : As was true in every year of voting, the tax prep system category is always the most voted-on, with nearly all respondents selecting a preferred system. We thank the more than 5,000 professionals who participated in voting this year.

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Withum

NOVEMBER 28, 2023

With the year coming to an end, it’s essential to kickstart your 2023 tax preparations and start thinking about tax-saving techniques, potential opportunities, and the recent legal modifications that might impact your tax obligations.

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CPA Practice

APRIL 30, 2024

Police said Maxey again was hired by someone to do their taxes in 2023 and to get a Small Business Administration loan. But Maxey didn’t pay any of the taxes or apply for the loan and gave excuses to the client, an arrest report states. On April 18, Maxey, 77, was arrested again on a scheme to defraud charge.

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Accounting Today

OCTOBER 4, 2023

The worst five states for tax preparer scams averaged more than 32 million reported scams in 2023.

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Canopy Accounting

JANUARY 20, 2023

There are many interesting changes in business taxation for the 2023 season! Since tax planning for businesses is an important part of our practice, there are several things we need to be aware of.

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Cherry Bekaert

NOVEMBER 28, 2023

There are several key tax considerations and tactical approaches for businesses to address while closing out 2023 and moving into 2024. From leveraging tax incentives to optimizing deductions, this guide offers insights into tax planning to help businesses make informed decisions and set a solid foundation for the upcoming year.

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TaxConnex

MAY 7, 2024

New Jersey has begun a multi-phased modernization of its tax-filing system. In early 2025, sales and use tax filers and tax preparers will have a new self-service portal that aims to provide more control over taxpayer’s own accounts, providing faster access, easier filing and better assistance with tax account information.

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CPA Practice

MARCH 19, 2024

“For the workforce, it is absolutely essential to understand what skills are most in demand in order to stay ahead and generate value, both for organizations and themselves,” Upwork said in the study. To arrive at its findings, Upwork sourced skill data in its database from U.S. freelancer earnings between Jan.

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Shay CPA

FEBRUARY 15, 2023

You’re looking ahead and probably getting excited about everything your startup will accomplish in 2023. Don’t shoot the messenger: it’s time to do your taxes. Having that initial tax preparation conversation now means you have plenty of time to address any outstanding to-dos well before the tax deadline.

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Shay CPA

MARCH 29, 2023

Knowing about this might also impact how you spend in 2023 and beyond. Navigating this change can get a little complicated, but we can help, both with figuring out how it impacts your 2022 taxes and with your 2023 planning. The post 2023 Tech Company Tax Tips appeared first on Shay CPA.

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CPA Practice

OCTOBER 5, 2023

for PTIN renewals in 2023. Any tax professional who prepares or helps prepare a federal tax return for compensation must have a valid PTIN from the IRS before preparing returns, and they need to include the PTIN as the identifying number on any return filed with the IRS. down from $30.75 However, the $8.75

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CPA Practice

JANUARY 13, 2023

She and her co-conspirators are all scheduled to be sentenced on March 15, 2023. Acting Deputy Assistant Attorney General Stuart Goldberg of the Justice Department’s Tax Division made the announcement. Loyd faces a maximum penalty of five years in prison for the conspiracy charge and twenty years in prison for wire fraud.

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Ryan Lazanis

MAY 24, 2023

Here is my complete guide to emerging accounting technologies for 2023. Over and above just automating completion of tax forms, however, we’ll also start to see tax planning become an automated technology, which is discussed later on in this article. Which of the new related technologies do you want to leverage first?

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Canopy Accounting

JANUARY 22, 2024

So, if you're wondering what to expect and how to navigate the complexities of this year's tax season, stay tuned for insights, tips, and essential updates that will help you make informed financial decisions. Let's dive into the world of taxes and prepare you for the 2023 tax season and all the individual updates you need to know!

Tax 52

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CPA Practice

MARCH 6, 2024

Through this public-private partnership, tax preparation and filing software providers make their online products available to eligible taxpayers. Through this public-private partnership, tax preparation and filing software providers make their online products available to eligible taxpayers. Through Feb.

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CPA Practice

OCTOBER 25, 2023

Date: Monday, November 13, 2023 Time: 3 PM ET / 2 PM CT / 12 PM PT / 7 PM GMT Sponsor: Drake Software Duration: 1 Hour Receive 1 hour of free CPE credit for participating in this live webinar. Are you ready for the upcoming tax season? Already registered for this webinar? Click here to log in.

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CPA Practice

JANUARY 29, 2024

Regardless of how you do your taxes, you won’t have an automatic extension of the deadline for filing your 2023 return — at least not yet. There have been no federal disaster declarations in California thus far, so the deadline for filing your federal and state returns for 2023 remains April 15.

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Nancy McClelland, LLC

JANUARY 30, 2024

Tax preparers everywhere spent the past two months gearing up for yesterday’s “opening day” of tax season, January 29th. (Many thanks to the AICPA Town Hall for allowing members to leverage their resources, such as the slides included in this article.

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CPA Practice

MAY 12, 2023

By Joshua Tehee, The Fresno Bee (TNS) A former Fresno IRS employee who also worked as a private tax preparer was sentenced Thursday for 13 felonies related to identity theft and wire and tax fraud. The crimes occurred from 2012 through 2016, while Lee was working as a tax preparer. ©2023 The Fresno Bee.

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CPA Practice

MAY 17, 2023

By Joshua Tehee, The Fresno Bee (TNS) A former Fresno IRS employee who also worked as a private tax preparer was sentenced Thursday for 13 felonies related to identity theft and wire and tax fraud. The crimes occurred from 2012 through 2016, while Lee was working as a tax preparer. ©2023 The Fresno Bee.

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Withum

DECEMBER 8, 2023

The Internal Revenue Service (IRS) is continuing its crack down on dubious claims for the employee retention credit (ERC), a refundable tax credit for certain businesses that paid employees during the COVID-19 pandemic. The IRS stated that this program would be released in December 2023. The ERC team at Withum can help.

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CPA Practice

MAY 22, 2024

The Free File program , a partnership between the IRS and tax preparation companies that make their online filing software available to eligible taxpayers for free, has been extended through 2029, the tax agency said on May 22. 15 extension deadline for 2023 tax returns. 15 extension deadline for 2023 tax returns.

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Canopy Accounting

FEBRUARY 1, 2023

In our recent webinar, "A Guide for 2023 Tax Season Individual Updates" , we provided a quick guide to understanding the updates for the 2023 tax season and highlighted some ways you can help your clients (and yourself) prepare for the season.

Tax 95

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CPA Practice

JUNE 21, 2023

Register Today Date: Tuesday, July 18, 2023 Time: 2 PM EDT / 1 PM CDT / 11 AM PDT / 6 PM GMT Sponsor: SafeSend Duration: 1 Hour Receive 1 hour of free CPE credit for participating in this live webinar. Already registered for this webinar? Click here to log in.

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CPA Practice

JANUARY 15, 2024

By Sam Becker, Fast Company (TNS) The Free File software service from the IRS went live on Friday, meaning taxpayers can start using it in the run-up to the official start of tax season on Jan. 29—which is when Americans can actually start filing their returns for the 2023 tax year.

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CPA Practice

AUGUST 15, 2023

Date: Tuesday, September 12, 2023 Time: 3 PM EDT / 2 PM CDT / 12 PM PDT / 7 PM GMT Sponsor: Drake Software Duration: 1 Hour Receive 1 hour of free CPE credit for participating in this live webinar. Ann Campbell , CPA CIA, joined Drake Software in 2021 as a Tax Software Trainer. Already registered for this webinar?

Tax 52

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CPA Practice

APRIL 8, 2024

This phishing attack is only one of many that tax professionals must look out for when using digital services. According to the FBI’s Internet Crime Report of 2023 , phishing and spoofing were the most highly reported cyberattacks last year, with nearly 300,000 complaints filed with the Internet Crime Compliance Center.

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CPA Practice

JANUARY 29, 2024

The Internal Revenue Service opened the 2024 tax season on January 29, 2024, accepting and processing federal individual tax returns, and announcing that it expects more than 146 million individual tax returns for 2023 to be filed this filing season. Another option is the Direct File pilot program.

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CPA Practice

FEBRUARY 8, 2023

For taxpayers and tax preparers with questions, the best course of action is to wait for additional clarification on state payments rather than calling the IRS. We also do not recommend amending a previously filed 2022 return,” the agency said. __ ©2023 Advance Local Media LLC. Visit al.com.

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CPA Practice

SEPTEMBER 8, 2023

In an initial decision announced on Sept 8, 2023 , the Federal Trade Commission’s chief administrative law judge, D. Michael Chappell, ruled that Intuit Inc., taxpayers,” this also must be disclosed in a clear and conspicuous manner.

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CPA Practice

MARCH 4, 2024

Through this public-private partnership, tax preparation and filing software providers make their online products available to eligible taxpayers. Through this public-private partnership, tax preparation and filing software providers make their online products available to eligible taxpayers. Through Feb.

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