article thumbnail

ERC IRS Audit Representation: Your Comprehensive FAQ Guide

MyIRSRelief

ERC IRS Audit Representation: Your Comprehensive FAQ Guide The Employee Retention Credit (ERC) has been a lifeline for many businesses during challenging times, providing substantial relief. However, with the IRS actively scrutinizing ERC claims, it’s crucial for businesses to understand their rights and options when facing an audit.

audit 130
article thumbnail

Payroll problem tax debt relief – get professional representation

MyIRSRelief

One of the most important things that a business must report is certain tax information for employment payroll on a quarterly and annual basis. They are required by the IRS to report the amount of 941/940 employment payroll taxes that have been either withheld from employees or what they owe to the government. Get debt relief.

payroll 140
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Prager Metis Merges in Goldsmith Molis & Gray

CPA Practice

Top 60 accounting firm Prager Metis has expanded its presence in North Carolina by combining with Asheville-based Goldsmith Molis & Gray, a full-service tax, accounting, payroll, and consulting firm. offices in California, Connecticut, Florida, Massachusetts, Nevada, New Jersey, New York, and Virginia. 1, weren’t disclosed.

article thumbnail

Friday Footnotes: PwC Partners Get Played; Bad Accounting on the Rise; Getting to the Bottom of the Shortage | 9.1.23

Going Concern

The professional and business service sector added 19,000 jobs, including 2,700 in accounting, tax preparation, bookkeeping and payroll services. EY Assurance teams now process over 775b lines of journal entry data each year, as part of the EY digitally transformed audit. Employers added 187K jobs in August, including 2.7K billion ($2.21

Account 109
article thumbnail

More Than a Tech Upgrade: How AI Investments Can Sharpen a CPA Firm’s Competitive Edge

CPA Practice

Many have now adopted intelligent process automation (IPA) — RPA enhanced with AI and machine learning — to streamline and improve the quality of more complex work like tax preparation and payroll processing. Saah earned a finance degree from Virginia Tech.

article thumbnail

5 States with the Lowest Combined Business Taxes

CPA Practice

Property and payroll taxes In addition to business or personal income taxes and sales tax, property and payroll taxes are important considerations. Payroll taxes, such as unemployment insurance and workers’ compensation, can also vary across states and affect your labor costs.

article thumbnail

Professionals on the Move – May 17, 2023

CPA Practice

In addition, the SLA team’s roots in Northern Virginia provide Schneider Downs with additional resources to serve existing clients in that region, while also helping the firm expand the offerings in its Washington D.C. He also has industry experience in financial, internal control, operational and procedural auditing techniques.