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CPAs to Clients: The IRS is Coming for Cryptocurrency

CPA Practice

The federal agency launched Operation Hidden Treasure in 2021, for example, to root out taxpayers who fail to report income from cryptocurrency transactions on their federal tax returns. The IRS is looking for unreported assets,” said Lucas Rihely, a tax partner at H2R CPA. And that’s just the beginning.

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Meeting the Staffing Demands: How Automation is Transforming Accounting Firms

CPA Practice

With the continuous growth in the IRC’s complexity and the rising number of tax filings each year (at both the federal, state, and local levels), the likelihood of making an inaccurate filing is increasing to unprecedented levels; which in turn is stretching industry talent dangerously thin.

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A New Retirement Plan for Skagit County Small Business Owners

SkagitCountyTaxServices

Since we work with so many Skagit County businesses, it’s perhaps obvious that there is far more to what we do than tax returns. There is far more to being an effective tax advocate for our business owner clients than simple “historical reporting” (which is what return preparation is all about).