2023, tax preparation and tax services

Justice Department Continues Efforts to Stop Fraudulent Tax Preparers

CPA Practice

APRIL 7, 2023

“If your preparer asks you to sign a blank return, refuses to sign your return as your return preparer, or is charging you a fee based on the size of your refund, consult the IRS’s website and tips to make sure you are not exposing yourself to trouble.” “Tax Goldberg of the Justice Department’s Tax Division. “As

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Tax Preparer Finds Out in the Worst Way Possible That ERC Wasn’t a Free Money Glitch

Going Concern

APRIL 5, 2024

A federal grand jury in Newark, New Jersey, returned an indictment Wednesday charging tax preparer Leon Haynes of Teaneck, New Jersey with fraudulently seeking more than $150 million from the IRS by filing more than 1,600 false tax returns for himself and his clients that claimed COVID-19-related employment tax credits.

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Tax Season Best Practices to Avoid Identity Fraud – 2023

CPA Practice

FEBRUARY 17, 2023

Tax season is always stressful. Hurried filers inundate tax preparers working furiously to help their clients file on time while the dreaded tax deadline looms. However, it’s important to pause and reflect on your data privacy standards, digital communication norms, and potential vulnerabilities this tax season.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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IRS Starts Accepting Returns and Extends Hours at Tax Assistance Centers

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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H&R Block ‘Data Wiping’ and Upgrade Policies Harm Taxpayers, FTC Says

CPA Practice

FEBRUARY 27, 2024

By Katelyn Washington, Kiplinger Consumer News Service (TNS) The Federal Trade Commission (FTC) has filed a complaint against tax preparation company H&R Block, accusing the tax services provider of unfair and deceptive business practices.

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Tax Season to Start January 29, 2024

CPA Practice

JANUARY 8, 2024

Building off the success of the 2023 tax season that saw significant improvements following passage of the Inflation Reduction Act, the 2024 filing season will continue reflecting the focus on improving services to taxpayers. Most tax return preparers provide outstanding and professional tax service.

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Sorry, Private Equity, RSM Doesn’t Want Your Money

Going Concern

JANUARY 3, 2024

Since then, “private-equity investors have been buying their way into the world of accounting, planning, and advisory services” or so Journal of Accountancy wrote in February 2023. For 12 years until 2011, the firm — then known as RSM McGladrey — was part of the publicly listed tax preparer H&R Block. “It

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Promotion Watch ’24: Moss Adams Adds 20 Partners to the Roll

Going Concern

JANUARY 4, 2024

The class of 2024 is 44% smaller than that of 2023 when 36 people at Moss Adams earned their stripes. “The new class of partners and directors comes after another year of growth as Moss Adams expanded and augmented its services,” said the firm. International Tax Services). International Tax Services).

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General Business Credit (Form 3800): How To Fill it Out and Get Tax Credits

xendoo

APRIL 3, 2023

You can always use a business tax service like Xendoo and a tax CPA can do it for you. CFO services? Electric vehicle credit The Inflation Reduction Act of 2022 made changes to electric vehicle credits for tax years 2022 and 2023. The 200,000-unit limit will phase out in 2023.

Tax

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General Business Credit (Form 3800): How To Fill it Out and Get Tax Credits

xendoo

APRIL 3, 2023

You can always use a business tax service like Xendoo and a tax CPA can do it for you. Electric vehicle credit The Inflation Reduction Act of 2022 made changes to electric vehicle credits for tax years 2022 and 2023. The 200,000-unit limit will phase out in 2023.

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How To Fill Out Form 1065

xendoo

APRIL 27, 2023

March 15th is the deadline for calendar year partnerships in 2022 and 2023. How to file Form 1065 Most companies hire a CPA or tax professional to file their 1065 because it’s a complicated form. If you work with a business tax service that also does year-round bookkeeping, they’ll already have your information to file for you.

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How To Fill Out Form 1065

xendoo

APRIL 27, 2023

March 15th is the deadline for calendar year partnerships in 2022 and 2023. How to file Form 1065 Most companies hire a CPA or tax professional to file their 1065 because it’s a complicated form. If you work with a business tax service that also does year-round bookkeeping, they’ll already have your information to file for you.

Non-Profits

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2021 Ultimate List of Small Business Tax Deductions

xendoo

NOVEMBER 9, 2021

The fourth quarterly filing date is January 15, 2023. While it is in 2023, it is the deadline for quarterly 2022 taxes to ensure all December 2022 taxes are included. It is also your last chance to claim small business tax deductions for the year. . Organized Taxes. For small business owners, time is money.

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What Happens if a Business Doesn’t File Taxes?

xendoo

JANUARY 26, 2023

The Internal Revenue Service (IRS) can send you a bill for penalties and additional fees. However, we understand that tax filing requirements and rules change each year. It’s hard to keep up without your own accountant or business tax services. When you run a business, it’s easy to fall behind on your books and taxes.

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Tax Form 1120 Guide: Everything Businesses Need to Know

xendoo

DECEMBER 11, 2022

Filing corporate taxes may be confusing, especially for larger businesses that need to consider depreciation, business expenses, and tax credits. Business tax services with CPAs can file all the tax forms for you, on-time and error-free. . You must file Form 1120 and pay any taxes due by the deadline.

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How to Lower Your Taxable Income and Pay Less in Taxes

xendoo

FEBRUARY 13, 2023

The Tax Cuts and Jobs Act increased the bonus deduction to 100% for 2022, but it will decrease each year. In 2023, it will be 80%, 60% the next year, and so on. Your contributions are tax-deductible, and the earnings and qualified withdrawals are tax-free. Below is guidance for different tax situations.

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Friday Footnotes: Work-Life Balance, Does It Work?; Big 4 Firms Slash Job Postings; She Doesn’t Even Go Here! | 2.16.24

Going Concern

FEBRUARY 16, 2024

The total number of vacancies posted by Deloitte, Ernst & Young, KPMG, and PricewaterhouseCoopers, fell to 764 in 2023 from 1,996 the year before, marking a 62% drop, according to Vacancysoft, which tracks the number of jobs advertised by firms. Between January 2020 and June 2023, Jeffrey T. I’m a professional tax preparer.”

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Friday Footnotes: Working Late; The Year of the ESOP?; It’s Not Layoffs, It’s “Repositioning” | 1.5.24

Going Concern

JANUARY 5, 2024

Big 4 Big Four Reshape Consulting Workforce, Strategy With Rare Layoffs [ Bloomberg Tax ] The Big Four accounting firms have leaned into their tech advisory work and data analytics services—areas ripe for revenue growth—as interest rates and the artificial intelligence boom reshaped demand for consulting services.

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Accountant Advocate

Justice Department Continues Efforts to Stop Fraudulent Tax Preparers

Tax Preparer Finds Out in the Worst Way Possible That ERC Wasn’t a Free Money Glitch

Webinars

Trending Sources

Tax Season Best Practices to Avoid Identity Fraud – 2023

Webinars

IRS Starts Accepting Returns and Extends Hours at Tax Assistance Centers

H&R Block ‘Data Wiping’ and Upgrade Policies Harm Taxpayers, FTC Says

Tax Season to Start January 29, 2024

Sorry, Private Equity, RSM Doesn’t Want Your Money

Promotion Watch ’24: Moss Adams Adds 20 Partners to the Roll

General Business Credit (Form 3800): How To Fill it Out and Get Tax Credits

General Business Credit (Form 3800): How To Fill it Out and Get Tax Credits

How To Fill Out Form 1065

How To Fill Out Form 1065

2021 Ultimate List of Small Business Tax Deductions

What Happens if a Business Doesn’t File Taxes?

Tax Form 1120 Guide: Everything Businesses Need to Know

How to Lower Your Taxable Income and Pay Less in Taxes

Friday Footnotes: Work-Life Balance, Does It Work?; Big 4 Firms Slash Job Postings; She Doesn’t Even Go Here! | 2.16.24

Friday Footnotes: Working Late; The Year of the ESOP?; It’s Not Layoffs, It’s “Repositioning” | 1.5.24

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