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IRS to Host Virtual Focus Groups on the Business Tax Account Online Tool

CPA Practice

If you’re a business owner or a tax professional who represents one, the IRS wants to hear from you. 22 that it’s conducting virtual focus groups starting in December to gather feedback on the business tax account (BTA) online self-service tool. “We The agency said in an email on Nov.

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Lili Launches Lili Connect for Small Business Financial Management

CPA Practice

Lili , a financial platform designed for small business owners, today announced that it is launching Lili Connect,an embedded finance integration that streamlines small business banking, accounting, and tax processes, allowing partners to offer Lili’s comprehensive financial management tools directly through their platform.

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Friday Footnotes: Consulting is Done For; Audit Partners Not Feeling Optimistic | 6.6.25

Going Concern

Audit partners increased pessimism over US economy [ The Accountant Online ] More audit partners have expressed pessimism regarding the US economy, the survey of the US Center for Audit Quality (CAQ) said. If you’re hiring you’ll want to check out this week’s top remote accounting candidates.

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Friday Footnotes: Modernizing CPA Requirements in Pennsylvania; Master’s Degrees Are Hot Again; Don’t Dog the PCAOB | 5.9.25

Going Concern

Accountants Behaving Badly N.J. accountant filed 177 false tax returns on behalf of clients, feds say [ NJ.com ] A Bergen County woman was sentenced to three years in prison and must pay back over $1 million after admitting to filing 177 false tax returns on behalf of clients, officials with the U.S.

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Tax Season Best Practices to Avoid Identity Fraud – 2023

CPA Practice

Tax season is always stressful. Hurried filers inundate tax preparers working furiously to help their clients file on time while the dreaded tax deadline looms. However, it’s important to pause and reflect on your data privacy standards, digital communication norms, and potential vulnerabilities this tax season.

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Tax Changes for Payment Apps: What Small Business Owners Need to Know

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New Year, New Tax Requirements. In the past, although all business owners were required to report their earnings on their Federal Tax Returns , only those who received payments of $20,000 or more through payment apps also reported their earnings using Form 1099-K. Tax Compliance Done for You . Keep reading to find out!

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How Do I Pay Myself and My Taxes as an S-Corporation?

xendoo

When businesses are born, business owners are likely not daydreaming about taxes and payroll. Yet, they still face the unique challenge of figuring out how to pay themselves, file their taxes, and maximize their tax savings. Like most things involving taxes, it gets complicated. How Do I Pay My Taxes as an S-Corporation?

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