Accounting Today

JUNE 9, 2025

Practice management Technology MORE FROM ACCOUNTING TODAY Accounting Koziel: There's more upside than downside for accountants The profession faces plenty of issues — but many come with strong opportunities, says the AICPA chief.

Technology

CPA Practice

JULY 7, 2025

Partnership Tax TRP Remove Treas. 1.6011-18 (Basis Shifting TOI Regulations) from the Income Tax Regulations (26 CFR part 1). Trust, Estate, and Gift Tax TRP Provide for the ability to e-file the following: Form 706, U.S. Estate (and Generation-Skipping Transfer) Tax Return Form 706-NA, U.S. Form 709, U.S.

cpas

Accounting Today

JUNE 9, 2025

Audit Audit preparation Client retention MORE FROM ACCOUNTING TODAY Accounting Koziel: There's more upside than downside for accountants The profession faces plenty of issues — but many come with strong opportunities, says the AICPA chief.

auditor

Accounting Today

JUNE 12, 2025

EDT 6 Min Read Facebook Twitter LinkedIn Email By any other name; poor Service; a saga continues; and other highlights of recent tax cases. Rockford, Illinois: Tax preparer Gretchen Alvarez, 49, has pleaded guilty to preparing and filing false income tax returns.

Tax

Accounting Today

JULY 28, 2025

Another thing Ive noticed in the market is you dont see new accounting firms popping up. In my day, being an old-timer, I mean, it was very common for somebody to leave a big firm, start their own firm, and build it." You know, Im just doing a tax return or Im just doing this. Im not worth it.

Technology

Accounting Today

JUNE 6, 2025

The new client hub (currently in beta) provides a centralized view of client information, files, folders and projects so firms gain access to the details they need to move work forward. state aviation tax information, which will soon be embedded within the platform. This acquisition offers users up-to-date U.S.

Technology

Accounting Today

JUNE 20, 2025

Taxfyle rolls out TXF Intelligence for smaller practitioners Tax solutions provider Taxfyle announced the release of its new TXF Intelligence product, a generative AI tool built to automate and streamline tax return preparation for small tax and accounting firms in the U.S.

Technology

Accounting Today

JULY 24, 2025

West Long Branch, New Jersey: Resident Matthew Tucci has pleaded guilty to tax evasion. For 2015 and 2016, he filed tax returns that stated he owed more than $2 million in taxes for both years but did not fully pay the taxes. On these returns, Edwards admitted that he owed more than $2.5 million in taxes.

Tax

Accounting Today

JUNE 5, 2025

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 tax return. For a decade, he did not file federal income tax returns nor pay taxes owed despite earning more than $7.7 million during that time. Alvarez, a.k.a.

Tax

Accounting Today

JUNE 19, 2025

Whitman also has not filed an individual income tax return since 1997 and has made no tax payments since 2000. In 2012, the IRS assessed nearly $800,000 in taxes against Whitman for 2002 through 2009 and began trying to collect. Between 2002 and 2018, he generated millions of dollars in gross receipts sales.

Tax

Accounting Today

JUNE 23, 2025

I mean one way to put it is corporate now the managing partnership become more CEOs. I think that the concept of what a managing partner is at accounting firms has changed a little bit over the years to be more really leadership oriented. We did tax returns by hand. Dan Hood (20:10): Now, theres some risk there.

accounting firms

ThomsonReuters

JULY 1, 2025

The reality is that agentic AI is already transforming the way accounting and tax professionals work every day. Jump to ↓ Why is agentic AI a good fit for tax and accounting? This leaves more time for tax planning, client consultations, and identifying new advisory opportunities.

Tax

Accounting Today

JUNE 9, 2025

Practice management Partnerships Career planning MORE FROM ACCOUNTING TODAY Accounting Koziel: There's more upside than downside for accountants The profession faces plenty of issues — but many come with strong opportunities, says the AICPA chief.

accounted

ThomsonReuters

JUNE 12, 2025

That enabled it to achieve total control over its indirect tax process and significantly reduce risks associated with indirect tax calculation, reporting, and compliance. The company reduced ABAP coding / SAP customizations related to tax by 95%! And the company reduced unnecessary tax management costs by more than $1 million.

Tax

Accounting Today

JUNE 9, 2025

Daniel Hood Editor-in-chief, Accounting Today twitter mailto linkedin For reprint and licensing requests for this article, click here. By Daniel Hood 35m ago Technology Instead adds AI-driven tax reports The reports harness artificial intelligence to analyze full tax returns to glean tax strategies and missed opportunities.

accounted

Accounting Today

JUNE 24, 2025

Accounting is fact and circumstance driven. Whether advising nonprofits, preparing a tax return or planning an estate strategy, professional recommendations must be based on facts, rules and professional judgment. It is helpful for generating directions or outlining general concepts.

Rhode Island

Accounting Today

JUNE 26, 2025

During the 2016 through 2022 tax years, Gibson prepared at least 135 returns containing fraudulent information, causing a loss to the IRS of at least $125,197, which Gibson has agreed to pay in restitution.

Tax

Accounting Today

JULY 15, 2025

She added later that Ready to Advise is vendor agnostic, as "our initial launch will have the user uploading the tax return, so it doesnt matter what your tax compliance solution is, you can use Ready to Advise."

Technology

Menzies

JULY 14, 2025

Menzies LLP - A leading chartered accountancy firm. The nature of Touchlight’s business means they have to constantly fund development and achieving the most efficient tax outcomes is of great importance. Using their patented enzymatic DNA production platform, they can support their partners that are advancing genetic medicine.

corporation tax

Accounting Today

JULY 29, 2025

Accountants also dedicate substantial time to recording activities, including (though increasingly automated by software) ledger entries, tax liability entries, transfer pricing, intercompany transactions, tax return preparation and preparing for SEC filings in publicly listed organizations.

accounting and finance

Accounting Today

JUNE 9, 2025

There were corporate tax provisions which were permanent, (02:20): And there were the individual and estate provisions, which under that law are scheduled to sunset at the end of this year. You go to the beauty portal, you go to the barbershop, they have more protection than a person who prepares tax returns.

Washington

Accounting Today

JULY 10, 2025

Brown and other ghost preparers who worked with him falsified 63 federal income tax returns for clients, causing the Treasury to issue $1,003,631 in false tax refunds. He owned and operated We Are Taxes and boasted that "Everyone Gets a Check!" Brown had clients pay him a 10% fee of each refund.

Tax

Accounting Today

JULY 21, 2025

IRS records analysis confirmed that the defendant did not file income tax returns for 2015 and 2016, but he eventually prepared and filed those documents two years later, in April 2018. income tax return. income tax returns and falsely reported that the $150,000 payment was for legal fees.

Rhode Island

Accounting Today

AUGUST 4, 2025

These multi-hustles can range from hobbies like selling baseball cards on up to truly working multiple jobs at once, and its making those individuals financial, accounting and tax situations far more difficult.

accounted

Accounting Today

JUNE 30, 2025

Then theres the tax return thats 95% done but still waiting on "one more thing." By Tobias Salinger 5h ago Tax Senate bill preserves pass-through entity deduction The Senate made adjustments to preserve the state and local tax deduction for pass-through entities such as accounting firms. three days ago.

accounted

Accounting Today

JUNE 25, 2025

With the IRS workforce reduced by 26% and significant tax law changes on the horizon, there are risks to next years filing season," Collins said. "It More than 95% of processed returns were e-filed and some 62% resulted in refunds. IRS employees manually transcribe data from paper-filed tax returns, digit by digit, into IRS systems.

Technology

Accounting Today

JULY 2, 2025

Canopy ( [link] ): Do you really want the next generation of leadership at the firm that you worked hard to build to just figure it out along their way? Was This Convicted Tax Return Preparer Courageous or Foolish?" Tips to prepare them. Mauled Again ( [link] ): Hard to Tell the Difference Dept.: "Was

North Carolina

Accounting Today

JULY 21, 2025

This allows taxpayers that incurred R&D costs but did not claim the R&D credit to amend tax returns for 2022-2024 to capture the R&D tax credit benefit without capitalizing the related expenditures creating significant refund opportunities," Johnson noted.

Technology

Accounting Today

JUNE 9, 2025

Erik Wasson Bloomberg News MORE FROM ACCOUNTING TODAY Accounting Koziel: There's more upside than downside for accountants The profession faces plenty of issues — but many come with strong opportunities, says the AICPA chief.

Tax

Accounting Today

JULY 15, 2025

The February deadline applies to: Any individual, business or tax-exempt organization that has a valid extension to file their 2024 return due to run out on Oct. 15, 2025; Quarterly estimated income tax payments normally due on Sept. 15, 2026; Quarterly payroll and excise tax returns normally due on July 31, Oct.

Texas

Accounting Today

JUNE 25, 2025

Accountants can help, for example, when they notice suspicious activity on a clients tax return. "A The elderly resident was forced to move to a long-term care facility after leaving the hospital. A phone call to Adult Protective Services is always warranted," said Hasenauer. I have this concern, and that gets eyes on it.

Technology

Accounting Today

JULY 29, 2025

The Office of Personnel Management recently proposed a rule adding new suitability criteria for federal employees, including "failure to comply with generally applicable legal obligations, including timely filing of tax returns."

Tax

Going Concern

DECEMBER 2, 2022

I’m sharing this r/accounting post so six months from now we can look back on it and fondly remember a time when it seemed desperate for partners to be out combing the LinkedIn meat market for talent leads. We might need to start thinking about Life After Accountants. Friends, the desperation is only beginning.

accounting firms

ThomsonReuters

DECEMBER 29, 2022

Companies are facing an ever-increasing burden of corporate tax compliance and the pace of complexities shows no sign of slowing. Helping companies ensure compliance by outsourcing for business processes represents a growth opportunity for today’s tax and accounting firms. . “ percent from 2022 to 2030.

corporation tax

CPA Practice

AUGUST 23, 2023

When it comes to a corporation’s relationship with its accounting firm, the firm itself is less important than the partner who leads its engagement team in lowering its tax rate, according to a new study from Iowa’s Tippie College of Business. Wilde’s team analyzed more than 94,000 tax returns of U.S.

business tax

Going Concern

NOVEMBER 24, 2022

Firm/Team Culture. Work for an innovative, boutique advisory, tax, and accounting firm that works exclusively with growth-focused small to medium-sized businesses. Responsibilities: You will be deeply involved with preparing tax planning & tax consulting services. Location: REMOTE within the US.

Tax

ThomsonReuters

JULY 6, 2023

If you’re a tax and accounting professional, you’ve likely found yourself answering numerous questions related to your clients’ tax returns. Whether it’s advising on residential energy tax credits or restructuring a partnership, your knowledge and expertise beyond the tax return are valuable.

Tax