CPA Practice

MARCH 12, 2024

By Keerthi Vedantam, Kiplinger Consumer News Service (TNS) Among President Joe Biden’s requests in his newly released 2025 fiscal year budget are calls for strengthening and protecting Medicare and Social Security, moves previewed in his State of the Union address last week and ones that help to kick off his re-election campaign.

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ThomsonReuters

MARCH 6, 2024

In the meantime, the IRS renewed calls for businesses to review their eligibility for the ERC as the agency’s Criminal Investigations team begins a series of educational sessions for tax professionals. Employers who wish to claim the ERC must file amended returns for any quarter ending in 2021 no later than April 15, 2025.

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ThomsonReuters

JANUARY 4, 2024

Although most clients won’t be affected until 2025, it is essential to prepare them for compliance. This measure aims to combat illegal activities like money laundering and tax evasion. Employee retention credits : Many clients are amending payroll tax returns to address cash flow issues , aiming to leverage tax credits.

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tax planning Tax Technology tax return 78

ThomsonReuters

NOVEMBER 21, 2023

Broaden your year-end discussion to include advice that extends several years ahead and looks at the full picture by suggesting what levers to pull in various scenarios. Consider educating your clients on the following timely tax planning topics: Corporate Transparency Act. Tax Cuts and Jobs Act (TCJA).

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tax planning Tax payroll tax Education 52

CPA Practice

OCTOBER 20, 2023

Among the warning signs, businesses should be wary of vendors that require large, contingency fees and those who fail to sign the amended payroll tax returns. 1705, the STEM Education in Accounting Act. In the House of Representatives, H.R.

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CPA Practice

OCTOBER 19, 2023

Among the warning signs, businesses should be wary of vendors that require large, contingency fees and those who fail to sign the amended payroll tax returns. 1705, the STEM Education in Accounting Act. In the House of Representatives, H.R.

cpas 52

cpas CPA Education audit 52

ThomsonReuters

JANUARY 14, 2022

The Taxpayer Certainty and Disaster Tax Relief Act of 2020 (PL 116-260, Sec. 207) amended the ERC, allowing it to be claimed from January 1, 2021 through June 30, 2021 and increased the refundable payroll tax credit $7,000 per employee for each quarter of 2021. . COVID tax credits and paid leave. Educational assistance.

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