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Tax Tips for Accountants With Gambling Clients

CPA Practice

With over a decade specializing in gambling taxes, this Las Vegas CPA has worked with everyone from professional poker players to casual sports bettors. This article summarizes Zak’s insights from my recent Earmark Podcast interview to provide accountants and tax professionals with key guidance.

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Friday Footnotes: EY Split Drags Out; Advisory Firm Defrauds Clients; Student Loan Forgiveness and Taxes | 9.2.22

Going Concern

EY’s talks on whether to separate its audit segment from its consulting arm are set to continue into this Autumn – despite initial suggestions the Big Four firm could reach a decision by the end of summer. Pinion and Anderson ZurMuehlen to Merge Firms [ CPA Practice Advisor ] Pinion, formerly KCoe Isom, and Anderson ZurMuehlen, two U.S.

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Friday Footnotes: Why Private Equity Loves the Profession; A Very Naughty KPMG Employee; WTF PwC Guy | 4.5.24

Going Concern

CPA licensure program off to ‘promising’ start [ Journal of Accountancy ] 38 people huh? The Experience, Learn & Earn (ELE) program, a pilot program designed to help accounting graduates earn required academic credits for CPA licensure, has received early positive reviews.

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Clean Energy and Climate Action Offer Tax Benefits

CPA Practice

By Diana Crawford, CPA. One of the topics the minds of many tax and accounting professionals is the environment. Diana Crawford, CPA, is managing partner of Crawford, Merritt & Company, a firm in the Atlanta area that serves unique businesses with unique challenges. Legislation is playing a role in this.

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Tax Partner Matters More Than Firm on Business Taxes

CPA Practice

The study found that the partner has twice as great an impact on the firm’s cash effective tax rate than did their firm. The study also found that partners were a greater factor in determining the likelihood of an IRS audit. “We Male partners also tended to be associated with a higher likelihood of an IRS audit.

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Augusta Rule Provides Tax Savings for Real Estate Rentals

CPA Practice

By Diana Crawford, CPA. More impactful for tax advisors is that the history behind the tournament led to a section of the IRC code that provides for tax-free income for property owners across the U.S. Helping your clients plan ahead to take advantage of the Augusta rule is a great tool in your tax advisory bag!

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5 States with the Lowest Combined Business Taxes

CPA Practice

Some key factors to evaluate include: Tax rates Tax rates vary widely across states. Some states have higher corporate income tax rates, while others offer lower rates or no tax at all. Property tax rates can vary significantly, impacting the cost of owning or leasing business space.