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Ignition has released its 2024 US Accounting and Tax Pricing Benchmark report and it reveals that the 325 Ignition customers surveyed are going all-in on fee increases in 2025. 57% of accounting firms plan to increase fees across all services in 2025. Or at least half-in. Clients are just going to loooove that.
Accounting and Tax Pricing Benchmark report from Ignition, which surveyed 345 owners and decision-makers in accounting firms, adds that most firms are planning to increase fees across services by 5% or 10% in 2025. 90% plan to increase fees for individual tax returns. 87% plan to increase fees for business tax returns.
With the 2025 income tax filing season coming soon, the IRS is encouraging all taxpayers to take an important step to safeguard their identity by signing up for an identity protection personal identification number (IP PIN). IP PIN users should share their number only with the IRS and their taxpreparation provider.
Starting January 1, 2025, the implementation of Form 1099-DA and finalized crypto reporting regulations will significantly impact your taxpreparation practice.
The post Top Remote Accountants of the Week | January 17, 2025 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly. Don’t hesitate to reach out to liz@accountingfly.com.
The post Top Remote Tax and Accounting Candidates of the Week | May 1, 2025 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly. Don’t hesitate to reach out to liz@accountingfly.com.
A federal indictment unsealed today charges Jason Alexander Jerkins, 36, of Franklin, Tennessee, with wire fraud, money laundering and tax fraud, announced Acting United States Attorney for the Middle District of Tennessee Robert E. JBS was a sole proprietorship, and Jerkins controlled its bank accounts.
The post Top Remote Accountants of the Week | January 30, 2025 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly. Don’t hesitate to reach out to liz@accountingfly.com.
The post Top Remote Tax and Accounting Candidates of the Week | May 22, 2025 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly. Reach out to her at liz@accountingfly.com.
Don’t hesitate to reach out to liz@accountingfly.com The post Top Remote Tax and Accounting Candidates of the Week | May 15, 2025 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly.
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 taxpreparer oversight. “Taxpreparation is kind of the Wild West,” Creech began.
Does disaster relief apply to a taxpayer that is not in a disaster area, but the taxpreparer is? Per the IRS website , disaster relief applies to the clients of taxpreparers who are unable to file returns or make payments on behalf of the client because of a federally declared disaster.
By Sam Janesch Baltimore Sun (TNS) Marylanders who have relatively straightforward tax returns will have the chance to ditch independent—and sometimes costly—taxpreparers and instead file their federal taxes directly with the IRS for free in 2025, state and federal officials said Wednesday.
At a minimum, tax professionals need to stay sharp and up to date with the laws and regulatory requirements that change from year to year. This year is marked by unique challenges under tax law, with new IRS regulations and sector-specific concerns.
The post Top Remote Accountants of the Week | January 2, 2025 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly. Don’t hesitate to reach out to liz@accountingfly.com.
The post Top Remote Accountants of the Week | January 9, 2025 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly. Don’t hesitate to reach out to liz@accountingfly.com.
Select the period you want to pay (which is 12/31/2024 for tax year 2024, if you’re paying a balance due or extension payment or, choose 12/31/2025 if paying estimated taxes for any quarter in the current tax year). Click Submit, and re-enter your password for security purposes.
Withum is excited to announce that on May 1, 2025, CTM CPAs & Business Advisors, a public accounting, tax and business consulting firm, headquartered in Lincolnshire, IL, joined its practice with Withum. Withum expands Midwest presence and strengthens franchise practice and services.
The post Top Remote Tax and Accounting Candidates of the Week | April 24, 2025 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly. Don’t hesitate to reach out to liz@accountingfly.com.
Law & Order Clark Hill Wins for Accounting Firm in Tax Dispute With Rock Band Member [ Clark Hill ] The Clark Hill trio convinced the court that the accounting firm was not liable for an employee’s business management and taxpreparation services she provided on the side for a member of a rock band.
New Jersey has begun a multi-phased modernization of its tax-filing system. In early 2025, sales and use tax filers and taxpreparers 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.
The post Top Remote Tax and Accounting Candidates of the Week | April 3, 2025 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly. Don’t hesitate to reach out to liz@accountingfly.com.
For Glendale residents and businesses, as well as those in nearby cities like Pasadena, Burbank, and Whittier, tax season can feel like a daunting maze of forms, deadlines, and IRS complexities. Fortunately, Mike Habib, EA, and his esteemed tax firm, based in nearby Whittier, offer a beacon of clarity and expertise.
The post Top Remote Tax and Accounting Candidates of the Week | March 6, 2025 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly. Don’t hesitate to reach out to liz@accountingfly.com.
Blog home The IRS published the final Form 6765 and its instructions for the tax year 2024 on February 10, 2025. The IRS is seeking feedback on the form and instructions until June 30, 2025, to ensure that the instructions for tax year 2025 (processing year 2026) are clear and up to date. Michelle Abel, J.D.,
The IRS on Tuesday announced disaster tax relief for all individuals and businesses affected by Hurricane Helene, including the entire states of Alabama, Georgia, North Carolina, and South Carolina, as well as parts of Florida, Tennessee, and Virginia. In all of these states, the relief period ends on May 1, 2025 (postponement period).
The post Top Remote Accountants of the Week | February 27, 2025 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly. Don’t hesitate to reach out to liz@accountingfly.com.
The post Top Remote Accountants of the Week | February 13, 2025 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly. Don’t hesitate to reach out to liz@accountingfly.com.
There are no silly questions One in five Australians say they have avoided asking tax-related questions because they were worried their question might seem silly or the answer obvious, and our small business research also shows one in three business leaders find taxpreparation overwhelming.
pic.twitter.com/BuMGHJuKx9 — Jessica Smith, EA , not a CPA (@Taxsavvyjessica) February 9, 2025 Something to chew on as both sides argue about fraud and waste: My dad was an auditor with The Indiana Department of Revenue. Last thing.take our 2025 Predictions for the Accounting Profession survey so I can close it.
The Internal Revenue Service is offering tax deadline relief for individuals and businesses in the entire state of Louisiana, affected by Tropical Storm Francine that began on Sept. 3, 2025, to file various federal individual and business tax returns and make tax payments. 3, 2025 (postponement period).
In addition, two in three people describe taxpreparation companies that advertise free tax filing services as "bait-and-switch" schemes, according to WalletHub's 2025Tax Survey.
A number of federal tax provisions included in the 2017 Tax Cuts and Jobs Act (TCJA) are set to expire after December 31, 2025. These deductions include certain unreimbursed job-related expenses, investment fees and expenses, and taxpreparation expenses. The QBI deduction expires in 2025.
I presented last year and am hoping to be selected again in 2025! Get 30% off your first 3 months of your membership to The Dancing Accountant’s “Ask A CPA” community — for bookkeepers who want to level-up their accounting game and increase collaboration with their clients’ CPAs and taxpreparers.
4—Federal officials have announced tax relief for people and businesses in the Yakama Nation affected by summer wildfires that began June 22. 3, 2025, to file various federal individual and business tax returns and make tax payments, according to a news release from the IRS. (TNS) Oct. Taxpayers now have until Feb.
These virtual personal tax assistants handle a variety of tasks traditionally done manually, such as: Collating documents and identifying and extracting tax-related information from a simple one-page P60 through to 200-page tax packs. Entering all the data accurately in CCH Personal TaxPreparing and filing tax returns.
For example, advising a client on how to strategically sell a tokenized asset to minimize taxes could save them thousands, cementing your firms value beyond taxpreparation. Firms that invest in strengthening their expertise now will be well-positioned as digital assets continue to integrate into mainstream finance.
Don’t hesitate to reach out to liz@accountingfly.com The post Top Remote Tax and Accounting Candidates of the Week | May 8, 2025 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly.
The post Top Remote Accountants of the Week | February 6, 2025 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly. Don’t hesitate to reach out to liz@accountingfly.com.
The Department of Justice recently arrested a New Jersey taxpreparer for allegedly seeking more than $124 million from the IRS. The multi-millions came from filings of over 1,000 false tax forms claiming the pandemic-related employee retention credit, also referred to as the ERTC or ERC. Treasury Department.
The Boston Consulting Group predicts that by 2025, up to one quarter of jobs will be replaced by either smart software or robots. Among the top 10 percent of jobs most likely to be automated: insurance underwriters, taxpreparers, loan officers, credit analysts, and accounting professionals.
are joining EisnerAmper in a combination expected to close in spring 2025. CPA Firm Ciuni & Panichi Files Official Notice of Data Breach [ JD Supra ] On April 1, 2025, Ciuni & Panichi, Inc. Founded in 1988 and based in the Boston metropolitan area, Prague & Company has a team of 15 professionals. It’s free!
Canopy's updated guide breaks down every change, update, and addition you will need to know for the 2025tax season. Download our latest eBook to be the best-equipped tax accountant to help clients this upcoming tax season!
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