Remove account management Remove CPA Remove income tax
article thumbnail

ShareFile Unveils New Innovations to Transform Accounting Workflows

CPA Practice

In a ShareFile survey , 56% of accounting firms said that time-consuming, manual administrative work is a leading challenge. By addressing these manual tasks and other common inefficiencies through automated and streamlined processes, ShareFile is transforming the way accountants manage their work and deliver great client experiences.

article thumbnail

Taxpayer Advocate Delivers Annual Report to Congress, Identifies Top 10 Problems with Agency

CPA Practice

The report says the IRS virtually eliminated its backlog of unprocessed original individual income tax returns (Forms 1040) and substantially improved telephone service. Delays in processing amended tax returns and taxpayer correspondence. million users accessed individual online accounts. That’s just over 10%. “To

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

IRS Chief Lays Out Plans for New Leadership Structure

CPA Practice

During his career, Corbin has acquired an extensive background in IRS campus operations from 10 years in submission processing, three in accounts management, six in compliance services, and three in taxpayer advocate services, as well as numerous executive assignments across the agency. Corbin began his IRS career in 1986.

Tax 114
article thumbnail

Accounting for Startups

inDinero Accounting

Accountants’ specialized knowledge can support your startup business in many ways. With teams in different jurisdictions, there will be different tax and labor laws you will need to follow. Accounting management gets messy as your team and clientele spread across the country or globe.

Account 52
article thumbnail

Accounting for Startups

inDinero Accounting

Becoming a certified public accountant (CPA) takes years of higher education (150 credit hours) and success in an exam as well as continuing education requirements. Accountants’ specialized knowledge can support your startup business in many ways. However, this doesn’t mean you shouldn’t concern yourself with taxes.

Account 52
article thumbnail

IRS Turns to Wealthy Non-Filers in Push to Get Additional Tax Dollars

CPA Practice

By Erin Schilling, Bloomberg News (TNS) The IRS said it expects to get hundreds of millions of dollars from high-income people who haven’t filed federal income tax returns under a new initiative in the agency’s fight to get the money it’s owed from wealthy taxpayers.

Tax 52
article thumbnail

‘What a Difference a Year Makes!’: IRS Has Made a Huge Dent in Tax Return Backlog

CPA Practice

Despite these improvements, the report says the IRS is still behind in processing amended tax returns and taxpayer correspondence. Typically, employees in the agency’s accounts management function perform two roles: they answer telephone calls and they process taxpayer correspondence, amended returns, and other cases.