Remove accounting firms Remove income tax Remove Mississippi
article thumbnail

Mississippi, Texas storm victims get tax relief

Accounting Today

EDT 3 Min Read Facebook Twitter LinkedIn Email Brad Vest/Photographer: Brad Vest/Getty Im Individuals and businesses in parts of Mississippi and Texas who were affected by severe weather that began in March now have until Nov. 3 to file various federal individual and business returns and make tax payments. 15, 2025.

article thumbnail

Friday Footnotes: PwC Scandal Somehow Gets More Scandalous; Deloitte Denied in Court; Withum Embiggens in Florida | 11.8.24

Going Concern

She wrote that the local firm needed to comply with a set of remedial actions or face suspension, or expulsion, from the global network. ” The new office will employ a team of 15 by the end of the year, with all positions in the Boca office staffed by accounting professionals, Goldberg said. appeared first on Going Concern.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Special Report: 2025 Readers’ Choice Awards

CPA Practice

million – $4,999,999 $5 million – $10,000,000 Over $10 million Consent Policy (Required) By downloading this content, you agree to our Terms and Conditions. million – $4,999,999 $5 million – $10,000,000 Over $10 million Consent Policy (Required) By downloading this content, you agree to our Terms and Conditions.

article thumbnail

Tax Fraud Blotter: Negative waves

Accounting Today

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
article thumbnail

Lower Taxes, Higher Tariffs: What Trump’s Tax Plans Mean For You

CPA Practice

Here’s what a Trump presidency could mean for your taxes. Existing tax rules made permanent The TCJA lowered income tax rates for all individuals but more significantly for high-income earners. The top marginal tax rate was reduced to 37% from 39.6%.

article thumbnail

Tax Fraud Blotter: Boundless energy

Accounting Today

Mississippi: Attorney Charisse C. 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. Harman, Modoc, indefinite from Nov. 20, 2024, and attorney Jason M. Missouri: CPA William R.

Tax
article thumbnail

Friday Footnotes: Is AI Actually Improving Audits?; Activists Try to Save Direct File | 7.18.25

Going Concern

Private Equity Private equity is coming for accounting firms. While they invest money and resources, PE firms look for profits in relatively short timeframes, often achieved through cost-cutting. that challenges a Deloitte & Touche audit report and seeks $450 million in damages from the accounting firm.