ThomsonReuters

DECEMBER 6, 2023

James Creech, a senior manager with Baker Tilly’s tax advocacy and controversy team, explained that the origin of the current issues with the ERC can be traced back to before the health emergency and the absence of tax preparer oversight. “Tax preparation is kind of the Wild West,” Creech began.

tax preparation 105

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Withum

MARCH 20, 2024

For the latest news and updates on Montana state and local tax March 20, 2024 Montana Releases Pass-Through Entity Tax Common Issues to Avoid Authored by: Jessie Racioppi and Penny Sweeting , CPA The Montana Department of Revenue released “Common Errors to Avoid when Filing Form PTE – Tax News You Can Use.”

Montana 52

Montana Tax income tax tax return 52

ThomsonReuters

JANUARY 4, 2024

Driven by the dwindling number of accountants entering the profession, the outsourcing market for tax preparation services has expanded significantly in recent years. Although most clients won’t be affected until 2025, it is essential to prepare them for compliance. Partial outsourcing is also an option.

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inDinero Tax Tips

JANUARY 16, 2024

In addition to annual business tax deadlines, businesses are also responsible to know when taxes are due for quarterly payroll taxes. These taxes include Social Security, Medicare, and federal income tax withholding from employees’ wages.

Tax 52

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ThomsonReuters

JANUARY 9, 2024

Another area of interest regarding the increased use of AI in IRS audits is whether or not tax preparers, CPAs, and other practitioners will adjust how they advise a client to avoid a possible red flag if certain information on a tax return falls outside a regular fact pattern. Will practitioner guidance change?

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audit Legal Tax tax return 98