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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 taxreturns. 87% plan to increase fees for business taxreturns.
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.
If the thought of lodging your taxreturn makes your palms sweaty and you find yourself procrastinating to avoid the inevitable, youre not alone. Xeros latest research has found nearly three quarters of Australians are worried or anxious about tax time this year. For Australias 2.6 The survey was carried out online.
EDT 6 Min Read Facebook Twitter LinkedIn Email Bank job; the magic is gone; not a beautiful day in the Neighborhood; and other highlights of recent tax cases. CPA Timothy Trifilo has been sentenced to 20 months in prison for making a false statement on a mortgage loan application and for not filing an income taxreturn. .:
The post Top Remote Tax and Accounting Candidates of the Week | June 5, 2025 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly. Reach out to her at liz@accountingfly.com.
Insurance, Beverage, Professional Services, Medical Practices Tech Stack: TaxSlayer, UltraTax Remote Work Experience: Y Salary: $75-$85k Timezone: Eastern Sign up for FREE to learn more about this candidate FTE Tax Senior / Manager | Candidate ID #5306426 Certifications: IRS CCA, CPA CA Education: BA Accounting, MS Accountancy Experience (years): (..)
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.
TAX & ACCOUNTING CANDIDATES FTE Tax and Accounting Senior | Candidate ID #24255297 Certifications: EA Education: BA Accounting, MBA Experience (years): 4 years accounting experience Work experience (detail): All in public accounting Prepares complex individual taxreturns Client facing advisory with multiple clients Created and led an internal (..)
By Sam Janesch Baltimore Sun (TNS) Marylanders who have relatively straightforward taxreturns 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.
IRS Announces Tax Relief for Los Angeles County Wildfire Victims – Tax Updates with CAPATA In response to the devastating wildfires and straight-line winds that began on January 7, 2025, in Southern California, the Internal Revenue Service (IRS) has announced significant tax relief measures for individuals and businesses in affected areas.
Note : The spring 2025tax filing season is when taxpayers report their 2024 income and related matters to the IRS, so it’s important to keep up with the laws as they applied during the previous calendar year. Cybersecurity In this day and age, cybersecurity has become a valuable component of every tax practice.
TAX CANDIDATES FTE Tax Senior | Candidate ID #23616387 Certifications: EA Education: BS Accounting, MS Taxation Experience (years): 10+ tax and accounting Work experience (detail): 6+ in public accounting 3 in healthcare industry Full cycle accounting and financial reporting Preparedtax filings for individuals, SMBs, partnerships, nonprofits 30% review (..)
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.
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.
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.
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.
Its no secret that accountants are stretched during taxreturn season. Theres hardly time to stay on top of each clients basic needs yet alone advising them on their tax affairs. What is personal tax automation? In other words, your very own personal tax assistant is working 24-7 on your client portfolio.
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).
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 upgraded income taxreturn solution now includes enhanced client onboarding workflows that allow firms to create multiple engagements in bulk to accelerate onboarding. Progress will showcase the latest ShareFile product innovations at AICPA Engage 2025 , June 9–12, 2025, in Las Vegas. All rights reserved.
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 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.
Affected taxpayers now have until October 15, 2025 , to file their returns and make any required payments. Extension Due Dates for 2024 Tax Year As part of our ongoing support for the community, CAPATA is taking proactive steps to ensure timely compliance. Visit the California Franchise Tax Board’s website.
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.
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 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.
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 taxreturns and make tax payments. 3, 2025 (postponement period).
Avoid the last-minute filing rush Minimize client e-file rejections Receive faster refunds Maintain data security in taxreturns More time for advisory services How to convince clients to e-file early When does early e-filing start? The IRS usually starts accepting taxreturns for the new season on the 4th Monday of January.
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 taxreturns and make tax payments, according to a news release from the IRS. (TNS) Oct. 16, and Jan. 31 and Jan.
TAX CANDIDATES FTE Tax Accountant | Candidate ID #23752807 Certifications: CPA in process Education: BS Accounting Experience (years): 4 years tax and accounting experience Work experience: All in public accounting 250+ returnsprepared for individuals and SMBs Tax projections, estimate calculations, tax research Personal property tax and fixed asset (..)
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.
TAX & ACCOUNTING CANDIDATES FTE Accounting and Tax Senior | Candidate ID #24149531 Certifications: CPA Education: BS, MBA Accounting Experience (years): 9+ years accounting, audit and tax experience Work experience (detail): 5+ in public accounting Conducted audits of insurance companies Full cycle accounting and tax services for SMBs Federal, (..)
Here’s how you know (as quoted directly from the BOI reporting FAQ page ): “A reporting company created or registered to do business before January 1, 2024, will have until January 1, 2025, to file its initial BOI report.” So, how do you determine your estimated tax payments? This will give you your quarterly estimated tax payment.
Driven by the dwindling number of accountants entering the profession, the outsourcing market for taxpreparation 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.
(c) Nataliya Vaitkevich via Pexels I used to find it annoying when a client would forward me an article about a tax deduction or credit, to make sure I would take it on their taxreturn. It’s available through 2025 and the IRS has an FAQ on it that’s chock-full of details.
5—New Mexico is now the fourth state that can use the IRS’s new system for filing federal taxes, which officials believe will make the 2025tax season easier and save people time and money. Melanie Stansbury hailed the new tool, but local taxpreparation services offered mixed reviews. Michelle Lujan Grisham, U.S.
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.”
A head start in addressing any tax-related concerns arising from the transaction can highlight options for tax planning actions the company may take before year end and ensure a smoother process for tax provision and taxreturnpreparation for 2023. and foreign taxes should review their strategies annually.
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