ThomsonReuters

DECEMBER 4, 2024

Filing individual income tax returns can be a complex process, but with the right workflow, professional tax preparers and accounting firms can streamline the experience for both clients and staff. Harnessing technology for individual income tax return filing can transform the efficiency of accounting firms.

tax return 52

tax return income tax accounting firms Tax 52

Summit CPA

OCTOBER 10, 2024

Although, when these errors result in more taxes owed, it may result in additional interest and penalties for the taxpayer. The majority of returns with incorrect information are due to mistakes rather that fraud. Padding business deductions with non-deductible personal expenses may be considered tax fraud.

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auditor audit tax return Tax 93

CPA Practice

DECEMBER 9, 2024

Manufacturers of qualifying products can use the IRS ECO platform to register and provide information to the IRS for filing purposes. For property placed in service beginning in 2023, a taxpayer may take a credit equal to 30% of the total amount paid for certain energy efficient products or for a home energy audit.

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Manufacturing tax return audit Tax 97

ThomsonReuters

MARCH 3, 2025

For years, automation has eliminated the need for tax professionals to spend their days steeped in manual data entry, searching for blank fields or numbers that dont add up. With agentic AI, accountants can automate complex pieces of the tax return process.

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CTP

JANUARY 15, 2025

Just the mention of the word audit can strike fear into a taxpayers heartbut with enough preparation, an audit does not have to be a reason for anxiety. Each year, a number of audits are randomly chosen by the IRS, so the possibility of being audited is unavoidable even if your tax return has been filled out perfectly.

audit 52

audit auditor Legal tax return 52

CPA Practice

OCTOBER 24, 2024

Manufacturers of qualifying products can use the IRS ECO platform to register and provide information to the IRS for filing purposes. For property placed in service beginning in 2023, a taxpayer may take a credit equal to 30% of the total amount paid for certain energy efficient products or for a home energy audit.

Manufacturing 105

Manufacturing tax return audit Tax 105

ThomsonReuters

FEBRUARY 4, 2025

Key areas where AI enhances tax services in large firms AI’s impact goes beyond simple automation — it’s changing how firms handle complex tax information. This is particularly evident in multi-jurisdictional work, helping professionals navigate tax information with ease. Solution : Start small.

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accounting firms Tax accounted Account 98

TaxConnex

JANUARY 30, 2025

Most sales tax calculation software today is SaaS-based (Software-as-a-Service), which often integrates with a companys invoicing system. Based on these elements, the software determines if sales tax is applicable and at what rate, calculates the sales tax and returns this for presentation on the invoice or the web page.

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Sales Tax E-commerce Ohio 147

Accounting Today

JUNE 13, 2025

TaxPlanIQ reads and analyzes the 1040, and proposes tax strategies for the plan alongside the potential tax savings, while also offering the ability to rank clients by potential tax savings, so people know exactly who to prioritize. Another feature will auto-redact client information on upload.

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TaxConnex

DECEMBER 17, 2024

After that, start 2025 by establishing a system to monitor your obligations, including a calendar of where youre registered for sales tax purposes, the filing frequency of each return and other state-specific information, including tracking and handling notices from tax jurisdictions.

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MyIRSRelief

APRIL 25, 2025

This designation grants unlimited practice rights before the Internal Revenue Service, meaning he can represent clients in all tax matters including audits, collections, and appeals at every level of the IRS. Unfiled Tax Returns – Your Most Common Questions Answered Q: I haven’t filed tax returns for several years.

Ohio 130

Ohio payroll tax Tax payroll 130

Shay CPA

JUNE 25, 2025

Double-check the information to avoid processing delays. Check box on Tax Return – Address Change Inform your accountant to check the ‘Address Box’ change when submitting your business tax returns with the IRS and State authorities. What You Need to Do 1. Identify the correct agency for your state.

CPA 52

CPA payroll Legal tax return 52

Withum

JULY 2, 2025

Receiving notice that you are being audited by the IRS is stressful, but losing an IRS audit that you should have won is far worse. They made procedural errors in their refund claim and subsequent audit that later prevented them from asserting a valid argument in court. On audit, the IRS disallowed the Shleifers’ refund claim.

Tax 72

Tax tax return audit Florida 72

TaxConnex

JUNE 10, 2025

It’s just sales tax. There are nuances beyond putting numbers on a sales tax return. There are 50 different state sales tax systems and 50 different sets of laws and rules. No ‘additional task’ Sales tax compliance is not a value-added responsibility for you: It’s a tax-collection responsibility imposed on you.

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Sales Tax tax return general ledger 147

CPA Practice

NOVEMBER 11, 2024

What you’ll learn: Automating sales tax returns: Simplify calculations, preparation, and filing for even the most complex tax environments. Reducing audit risks and penalties: Discover how automation ensures accuracy, minimizes late fees, and streamlines notice management. Plus, earn free CPE credit!

Tax 116

Tax Indiana Technology CPA 116

Xero

MAY 28, 2025

If the thought of lodging your tax return makes your palms sweaty and you find yourself procrastinating to avoid the inevitable, youre not alone. Xeros latest research has found nearly three quarters of Australians are worried or anxious about tax time this year. For Australias 2.6 The survey was carried out online.

tax return 56

tax return Tax tax preparation accounting and finance 56

CPA Practice

JULY 7, 2025

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. Estate (and Generation-Skipping Transfer) Tax Return – Estate of Nonresident Not a Citizen of the U.S. Form 709, U.S.

cpas 85

cpas accounting and finance CPA Technology 85

Accounting Today

JUNE 17, 2025

Breathing room Current Federal Tax Developments ( [link] ): The critical updates of Notice 2025-33, which impacts digital asset brokers and their compliance obligations under IRC Sections 6045, 3406 and related penalty provisions, extend and modify previously granted transitional relief, "offering much-needed breathing room."

E-commerce 82

E-commerce Technology tax preparation Illinois 82

MyIRSRelief

JUNE 13, 2025

They pressure taxpayers to act quickly, exploiting fears of IRS penalties or audits. Businesses, especially in industries like trucking or hospitality, face additional risks from fraudsters promising to resolve payroll tax issues without proper credentials. IRS Representation: Audits, appeals, liens, levies, and back tax resolution.

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Tax payroll tax tax preparation payroll 130

TaxConnex

JULY 24, 2025

Basic requirements You may be tempted to go the easy route when determining how best to manage your sales tax requirements. Compliance automation typically collects such information as a customer’s location, the dollar amount of the sale and the product or service sold. Online and paper returns.

Sales 130

Sales Tax E-commerce Technology 130

Shay CPA

JULY 16, 2025

Suddenly, the State of California decided to audit and claimed almost $480,000 was due. Stay on top of your accountant to ensure that they have communicated on time with the State and file any delinquent tax returns required. Piecing together the puzzle Revenue estimate gone wrong: California assumed the company made $3.2

Delaware 52

Delaware Tax tax return CPA 52

Going Concern

OCTOBER 10, 2024

Drop your information here , and we’ll reach out to schedule a call to discuss how Accountingfly can work for you. Sign up now to find your next hire. Our recruiting services are exclusively available for clients and candidates in the United States.

Real Estate 59

Real Estate accounted Account accountant 59

RogerRossmeisl

OCTOBER 13, 2024

As appearing at the IRS web page entitled “IRS Audits” An IRS audit is a review/examination of an organization’s or individual’s books, accounts and financial records to ensure information reported on their tax return is reported correctly according to the tax laws and to verify the reported amount of tax is correct.

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audit tax return CPA Tax 264

Going Concern

DECEMBER 5, 2024

Drop your information here , and we’ll reach out to schedule a call to discuss how Accountingfly can work for you. Sign up now to find your next hire. Our recruiting services are exclusively available for clients and candidates in the United States.

Real Estate 52

Real Estate accounted Account accountant 52

Accounting Today

JULY 24, 2025

Sole owner of Zion Outfitter, an outdoor retailer in Springdale, Utah, he handled the company finances and provided CPAs with information and records to prepare tax forms to submit to the IRS. million in income tax. West Long Branch, New Jersey: Resident Matthew Tucci has pleaded guilty to tax evasion.

Tax 59

Tax tax preparation Real Estate tax return 59

Accounting Today

JUNE 6, 2025

Wolters Kluwer releases AI audit documentation solution Wolters Kluwer HQ Wolters Klower announced TeamMate+ AI Editor, a generative AI writing engine designed to enhance the quality of audit documentation with data protection and safeguards.

Technology 59

Technology audit E-commerce tax preparation 59

ThomsonReuters

FEBRUARY 6, 2025

By understanding these categories, you can make more informed decisions about where to focus your time and energy. Examples include filing urgent tax returns or addressing critical financial discrepancies. Cloud-based tools are another essential component in the modern accountants toolkit.

cpas 52

cpas Account accounted accountant 52

CPA Practice

JULY 14, 2025

The new promotions reach across several areas of the firm’s service offerings, including the firm’s tax, audit and consulting practices, as well as the growing wealth management practice. Logan Kowcheck, CPA joined Schneider Downs in 2011 in the firm’s audit practice group. He graduated with a B.S.B.A

West Virginia 51

West Virginia Technology Pennsylvania accounting and finance 51

Going Concern

NOVEMBER 7, 2024

Drop your information here , and we’ll reach out to schedule a call to discuss how Accountingfly can work for you. Sign up now to find your next hire. Our recruiting services are exclusively available for clients and candidates in the United States.

Real Estate 52

Real Estate accounted Account accountant 52

CPA Practice

DECEMBER 2, 2024

The study is an accounting of the cost of in-person audits carried out by the Internal Revenue Service relative to the taxes paid as the result of the audits. These in-person audits, in contrast to “correspondence audits” in which the IRS asks for information via letter, can be labor-intensive and expensive to administer.

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Government audit Tax tax return 59

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 Philadelphia: Tax preparer James J.

Tax 59

Tax tax preparation North Carolina tax return 59

ThomsonReuters

NOVEMBER 26, 2024

If there is one thing accountants and tax preparers know for sure, it’s that an efficient tax workflow is key to remaining competitive in an increasingly digital tax and accounting landscape. Let’s take a look at what a digital tax workflow is all about and how it can unlock efficiencies for your accounting firm.

Technology 52

Technology accounting firms Tax tax return 52

CPA Practice

JULY 24, 2025

Log In Need more information? Subscribe for free to get personalized daily content, newsletters, continuing education, podcasts, whitepapers and more… Subscribe Already registered? Read the FAQs Subscribe for free to get personalized daily content, newsletters, continuing education, podcasts, whitepapers and more.

Technology 52

Technology income tax payroll payroll tax 52

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 59

Technology Tax Alaska Construction 59

Accounting Today

JUNE 19, 2025

EDT 5 Min Read Facebook Twitter LinkedIn Email Seeking shelter; please be Gentle; where the heart is; and other highlights of recent tax cases. Nixa, Missouri: Tax preparer Tina Louise Yager has pleaded guilty to making false and fictitious claims against the U.S. and to wire fraud. In March 2023, Estes made a $1.3

Tax 69

Tax tax preparation Technology Real Estate 69

ThomsonReuters

JULY 22, 2025

Florentine emphasized the importance of this distinction: “We are advising clients on both calculations as well as tracking tip information,” she said. “I would guess in tax year 2026 we might see an uptick there,” she said. . Only the $10/hour premium for those 10 hours-$100 total-is deductible.

payroll 52

payroll Tax Hospitality tax return 52

Analytix Finance & Accounting

JUNE 24, 2025

These typically include advanced encryption, secure cloud storage, regular security audits, and strict access controls. Reputable accounting firms maintain compliance with industry standards such as SOC 1 and SOC 2, providing assurance that your financial information is handled according to the highest security protocols.

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