CTP
FEBRUARY 29, 2024
American gaming has boomed since sports betting and online gambling were legalized. Complex tax laws for filing and deducting gambling winnings and losses provide new hurdles for taxpayers. First, you must classify gamblers, identify your clients in specific categories, and calculate estimated federal income tax.
CPA Practice
JANUARY 10, 2024
The legalization of sports betting and online gambling has led to an explosion in gaming across America. With millions trying their luck, complex tax rules for reporting and deducting gambling winnings and losses present new challenges for taxpayers. From W-2Gs to 1099-Ks, the IRS reporting requirements leave much confusion.
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Going Concern
FEBRUARY 16, 2024
Bill would let private CPAs, not state auditor’s office, audit state agencies [ Radio Iowa ] Senator Mike Bousselot, a Republican from Ankeny, IA seems to think letting CPA firms audit government books instead of the state auditor will fix the accountant shortage somehow? Year-on-year growth of 16.4%, including 13.3%
CPA Practice
MAY 15, 2024
The awards also let professionals see the technologies and best workflow practices their peers are using, which can help them stay competitive in the constantly-evolving tax and accounting space. And following dire budget conditions during and following the pandemic, states have greatly increased their sales tax audit activity.
MyIRSRelief
APRIL 3, 2023
Tax Planning and Preparation: An accountant (EA or CPA) can help small business owners navigate the complex world of tax laws and regulations, ensuring compliance and minimizing tax liabilities. They can also help prepare tax returns, file necessary forms, and represent the business in the event of an audit.
CPA Practice
APRIL 17, 2023
And now, the results are in: IN-FIRM TECHNOLOGIES Federal/State Income Tax Preparation Insight : As was true in every year of voting, the tax prep system category is always the most voted-on, with nearly all respondents selecting a preferred system. We thank the more than 5,000 professionals who participated in voting this year.
AdviceForTaxpreparers
JULY 29, 2019
Be audit you can be. AT THE IRS “Why are we paying so much tax?” It’s an accrual world, audit can help you bridge the GAAP. What’s an accountants favorite sport to play during busy season? I sold my boat for 100k, do I have to pay taxes? Short Accounting and CPA Jokes. Famous Accounting Quotes.
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