ThomsonReuters

MARCH 3, 2025

In a profession known for its measured approach to change, agentic AI is emerging as a transformative force for accountants, redefining the nature of daily work and opening the door to more meaningful (and profitable) relationships with clients. But what is agentic AI, and how is it transforming the accounting profession?

Tax 93

Tax Account accounted accountant 93

LSLCPAs

JANUARY 9, 2025

Accounting is more than just number-crunchingit’s the foundation of your financial stability and success. Yet, for many individuals and businesses, poor accounting practices lead to unnecessary stress, missed opportunities, and even costly tax consequences.

tax return 52

tax return business tax Tax Account 52

TaxConnex

JANUARY 9, 2025

northern states, having customers or clients in Canada can happen easily, but what sales tax rules apply? The same but different Canadas sales tax situation resembles that of the U.S. Canada now even has sales tax holidays.) northern neighbor also has less scattershot sales tax obligations than U.S.

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Sales Tax tax return income tax 147

ThomsonReuters

DECEMBER 4, 2024

Filing individual income tax returns can be a complex process, but with the right workflow, professional tax preparers and accounting firms can streamline the experience for both clients and staff. Harnessing technology for individual income tax return filing can transform the efficiency of accounting firms.

tax return 52

tax return income tax accounting firms Tax 52

MyIRSRelief

APRIL 11, 2025

However, amidst the hustle and bustle, tax issues can arise, creating stress and financial strain for taxpayers. Whether its unfiled tax returns, back tax debt, 941 payroll tax issues, IRS levies, garnishments, or audits, these challenges can feel overwhelming. Thats where Mike Habib, EA, comes in.

payroll tax 130

payroll tax Tax tax return payroll 130

Going Concern

MARCH 20, 2025

Some potentially juicy news coming out of North Carolina today : The Alexander County Sheriffs Office has received numerous calls related to the accounting firm of Price, Breazeale & Chastang, PA. Some of those folks showed up Thursday morning trying to get their tax documents back. You get an extension! You get an extension!

North Carolina 124

North Carolina accounting firms Tax Account 124

ThomsonReuters

DECEMBER 10, 2024

Blog home As artificial intelligence continues to rapidly evolve , a new concept is emerging that tax and accounting professionals need to be aware of: agentic AI. For tax and accounting firms, agentic AI has the potential to dramatically transform workflows, client services, and the nature of professional work itself.

audit 91

audit Tax Technology tax return 91

Accounting Today

JULY 9, 2025

EDT 1 Min Read Facebook Twitter LinkedIn Email Andrew Harrer/Bloomberg Tax year 2026 and filing season 2027 are the target date for retiring the Filing Information Returns Electronic, or FIRE, system. The Information Returns Intake System, or IRIS, will be the only intake system for information returns now received through FIRE.

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Tax tax preparation Technology corporation tax 107

CPA Practice

NOVEMBER 26, 2024

Brian Tankersley, CPA, and Randy Johnston review HubSync , an all-in-one, modern client platform which automates the tax return and other key processes and provides a single gateway to drive “Best-in-Class” collaboration between professionals and their clients. Randy Johnston 00:04 Welcome to the accounting Technology Lab.

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Technology Account accounted accountant 111

ThomsonReuters

DECEMBER 10, 2024

Blog home As artificial intelligence continues to rapidly evolve , a new concept is emerging that tax and accounting professionals need to be aware of: agentic AI. For tax and accounting firms, agentic AI has the potential to dramatically transform workflows, client services, and the nature of professional work itself.

audit 97

audit Tax Technology tax return 97

MyIRSRelief

JULY 18, 2025

Whether you’re an individual or a business owner, the accumulation of penalties and interest on unpaid taxes can quickly spiral out of control, leaving you overwhelmed and financially strained. Common penalties include: Failure-to-File Penalty : Assessed under IRC § 6651(a)(1) for failing to file a tax return by the due date.

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Tax tax return Hospitality corporation tax 130

MyIRSRelief

OCTOBER 11, 2024

Enrolled Agent: Comprehensive Tax Services for Individuals and Businesses When it comes to managing your taxes, finding a qualified and reliable tax professional is crucial. An Enrolled Agent (EA) is a federally-authorized tax practitioner who has technical expertise in the field of taxation and is empowered by the U.S.

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tax services payroll tax Tax tax preparation 130

CTP

OCTOBER 28, 2024

In recent years, tax planners have increasingly been recruited to work alongside family offices. Adding a knowledgeable tax planner to their team can greatly increase the value the firm provides its clients. Tax planners should be aware that the smaller the family office is, the more problematic it becomes from a tax perspective.

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Tax Government Real Estate payroll tax 105

inDinero Tax Tips

OCTOBER 22, 2024

You may have heard that Nevada LLC taxes are favorable to business owners. This is true if you plan to do business there, but keep in mind it’s rarely advantageous for out-of-state businesses to incorporate somewhere other than their home state; taxes accrue where you do business, not where you incorporate.

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Nevada Tax income tax payroll tax 105

Accounting Today

JUNE 20, 2025

3 to file various federal individual and business returns and make tax payments. The current list of eligible localities is on the IRS Tax Relief in Disaster Situations page.) 3 deadline for both states applies to individual income tax returns and payments normally due on April 15, 2025. All rights reserved.

Mississippi 94

Mississippi Texas Tax Technology 94

CPA Practice

OCTOBER 28, 2024

Whether due to a failure to file reports, pay taxes, or meet regulatory obligations, there may be a time when a company falls into bad standing. Most importantly, it saves on the costs associated with continuing to operate after the new year, such as fees as taxes. By Nellie Akalp. When this occurs, dissolution may be a solution.

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tax return payroll tax payroll Legal 116

Mark Lee

NOVEMBER 18, 2024

What do you really need to promote as an accountant? It’s less common today than it was, but still there are plenty of people, including some accountants, who think accountants are selling their time. You can help them realise this is not the best way to compare accountants. This may be what some clients want.

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Account accounted accountant tax return 86

Going Concern

NOVEMBER 8, 2024

This Journal of Accountancy article was mentioned in last Friday’s Footnotes (*ahem* Footnotes a wrap-up of the week’s accounting news from other sources without the sassy GC commentary and is published every Friday at 5 pm Eastern) but honestly it deserves its own article in case anyone missed it.

tax return 110

tax return CPA cpa firm Tax 110

MyIRSRelief

JUNE 13, 2025

Tax season is a time of opportunity—and vulnerability. Scammers exploit the complexity of tax laws to target unsuspecting individuals and businesses, promising quick refunds or miraculous IRS resolutions that often lead to financial loss or serious legal trouble. Red Flags of Tax Scams Knowledge is your best defense.

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ThomsonReuters

JULY 1, 2025

The tax and accounting profession is at a crossroads. Yet, despite rapid adoption, many seasoned tax professionals find themselves caught in a familiar tension: They’ve built their reputations on precision, trust, and hard-earned expertise, making them naturally cautious about agentic AI tools.

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Tax Account accounted accountant 64

ThomsonReuters

OCTOBER 23, 2024

Jump to ↓ The strategic role of tax technology Budget disparities and satisfaction levels The rise of Generative AI (GenAI) Key findings at a glance The future trends of tax technology Strategic takeaways and future directions The tax and accounting landscape is undergoing a seismic shift, driven by rapid technological advancements.

Technology 52

Technology Tax tax return Account 52

TaxConnex

JULY 24, 2025

Sales tax compliance software can seem like a valuable resource to remote sellers who struggle to calculate what they must collect from customers and remit to some of the more than 10,000 state and local tax jurisdictions around the country. How to know the best sales tax calculator solution for your business?

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Sales Tax E-commerce Technology 130

TaxConnex

DECEMBER 17, 2024

The excitement of years end can push all kinds of taxes to the back of your mind. But its a good idea to look out for how a new year can mean new sales tax obligations for you and your online business. Here are some common situations that can be exciting for your business and distracting for you and that can create sales tax risk.

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Sales Tax auditor audit 130

Withum

FEBRUARY 5, 2025

Appropriate accounting practices are crucial for real estate entities not only to manage daily operations, but also to ensure tax readiness and compliance. Selecting the Appropriate Accounting Method The choice between cash and accrual accounting methods can significantly impact financial reporting and tax filings.

Real Estate 59

Real Estate Tax accounted Account 59

Nancy McClelland, LLC

JANUARY 12, 2025

It’s tax time, you’re digging through your records… and your preparer or tax software asks about tax payments you’ve already made. “What is an IRS Account Transcript and Why Do I Need One?” Initially, this was to confirm the amounts of stimulus payments and child tax credit payments.

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Tax tax return Account accounted 52

CPA Practice

NOVEMBER 6, 2024

By Lois Norder The Atlanta Journal-Constitution (TNS) An Atlanta-area accountant sold his clients on what he assured them was a lucrative, guaranteed investment. For every dollar they paid in, they would get tax deductions of about $4.50. I think this thing is the best safe tax savings tool I have seen in a long time; probably ever.

CPA 52

CPA Tax income tax tax return 52

CPA Practice

DECEMBER 3, 2024

27)—A tax preparer who admitted to filing more than $3 million in fraudulent tax returns on behalf of her clients is facing up to 30 years in prison for her crime. Crawford is not representative of most tax preparers who provide honest services to their clients. (TNS) ATHENS, GA (Nov.

tax preparation 97

tax preparation Georgia tax return Tax 97

CPA Practice

NOVEMBER 11, 2024

This webinar will be held on Tuesday, December 3, 2024 at 1:00pm ET Sponsor: Avalara Duration: 1 Hour Register Now We’ll demonstrate how automation integrates with popular accounting platforms to save time, reduce risk, and enhance efficiency. We live and breathe sales tax and license compliance. Plus, earn free CPE credit!

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Tax Indiana Technology CPA 116

CPA Practice

OCTOBER 23, 2024

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). How to request an IP PIN The best way to sign up for an IP PIN is through IRS Online Account.

tax return 105

tax return Tax online accounting tax preparation 105

CPA Practice

MAY 21, 2025

Sirleaf, 65, of Darby, PA, pleaded guilty to 15 counts of aiding and assisting in the preparation of false income tax returns and three counts of filing false personal income tax returns for himself.

income tax 71

income tax tax return Tax accounted 71

Shay CPA

JULY 16, 2025

Over the last 20 years of being an accountant, I’ve opened my fair share of mail to find tax notices so daunting they could wake you in cold sweat. These letters—from federal, state, or city agencies—might demand income tax, franchise tax, sales tax, unemployment insurance, or workers’ compensation.

Delaware 52

Delaware Tax tax return CPA 52

Accounting Insight

MAY 2, 2025

Its no secret that accountants are stretched during tax return season. Theres hardly time to stay on top of each clients basic needs yet alone advising them on their tax affairs. The benefits of personal tax automation? In this blog, we look at: What personal tax automation is. Calculating tax liabilities.

Technology 59

Technology accounting firms Tax tax return 59

Going Concern

NOVEMBER 8, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

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Florida Mississippi audit auditor 98

Withum

JULY 2, 2025

The mistake – they failed to comply with an esoteric tax rule known as the variance doctrine. Shleifer filed a joint tax return with his wife in 2014, and on that return, the Shleifers claimed a $2.6 million deduction on their return for unreimbursed travel expenses relating to the expenses of operating the private jet.

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Tax tax return audit Florida 72

Going Concern

DECEMBER 5, 2024

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Accountingfly can assist you!

Real Estate 52

Real Estate Account accounted accountant 52

Going Concern

OCTOBER 10, 2024

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Accountingfly can assist you!

Real Estate 59

Real Estate Account accounted accountant 59