RogerRossmeisl

JANUARY 14, 2024

Starting in 2024 newly formed, corporations, limited liability companies (LLCs), limited partnerships, and other entities that file formation papers with a state’s Secretary of State’s office (or similar government agency) must file a report with the U.S.

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RogerRossmeisl

FEBRUARY 18, 2024

It’s called a pension-linked emergency savings account (PLESA) and the provision authorizing it became effective for plan years beginning January 1, 2024. The IRS recently released guidance about the accounts (in Notice 2024-22) and the U.S. For 2024, a participant who earned $150,000 or more in 2023 is a highly compensated employee.

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Account accountant accounted CPA 183

RogerRossmeisl

JANUARY 1, 2024

The program runs through March 22, 2024. The post IRS Launches New Webpage with FAQs on ERTC Voluntary Disclosure Program appeared first on Roger Rossmeisl, CPA. The program is part of the IRS’ continuing efforts to combat questionable ERTC claims.

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RogerRossmeisl

JANUARY 1, 2024

The special disclosure program runs through March 22, 2024, and the IRS added provisions allowing repayment of 80% of the claim received. The post IRS Lets Employers Repay Questionable ERTC Claims at a Discounted Rate appeared first on Roger Rossmeisl, CPA.

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CPA Tax cpa firm business tax 130

CPA Practice

MARCH 5, 2024

March 2024. As business tax season winds down in the US Market, many leading partners have contacted me for strategic technology guidance for 2024 and beyond. So, What Are the Common Issues in CPA Firms? Begin building your list now for action after the busy season is over. So, What’s Next?

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Technology cpa firm CPA Non-Profits 64

CPA Practice

FEBRUARY 1, 2024

Roseland, NJ-based tax and advisory practice Magone & Co. has signed an agreement to merge with Hackensack, NJ-based CPA firm Wurdemann, Pinto & Co. The combined firm will employ approximately 40 people. Financial terms of the deal weren’t disclosed.

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Real Estate quickbooks cpa firm audit 52

Nancy McClelland, LLC

JANUARY 30, 2024

To say nothing of the fact that the next government shutdown deadline is scheduled for one week before business tax returns are due. And to add to all of this, that the bill is being funded by an early end to the Employee Retention Credit program, as of January 31, 2024. And we were freaking out about that delay.

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Tax tax return Illinois tax preparation 52

Nancy McClelland, LLC

APRIL 5, 2024

Photo by coco tafoya on Unsplash As my readers and colleagues know, I’m a huge proponent of leveraging technology to remove the drudgery from our jobs and those of our small business clients. It’s also a small-enough amount that if it gets claimed in 2023 instead of 2024, that’s not a huge deal.

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tax preparation Tax bookkeeping payroll 52