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You Shouldn’t Fear an IRS Audit if You Do Your Homework

CPA Practice

By Matthew Chancey, CFP, Kiplinger Consumer News Service (TNS) Audit. They dread the scrutiny, penalties and other unfortunate outcomes when the IRS questions the accuracy or the veracity of their tax return. Audit rates will increase by more than 50% for those with total positive income of more than $10 million.

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You Shouldn’t Fear an IRS Audit if You Do Your Homework

CPA Practice

By Matthew Chancey, CFP, Kiplinger Consumer News Service (TNS) Audit. They dread the scrutiny, penalties and other unfortunate outcomes when the IRS questions the accuracy or the veracity of their tax return. Audit rates will increase by more than 50% for those with total positive income of more than $10 million.

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Why Hiring a Tax Pro Boosts Your Small Business (and Saves You Money)

MyIRSRelief

Your tax professional will guide you through tasks like payroll tax deposits, estimated tax payments, and state and local tax regulations for your chosen business structure (C corporation, S corporation, or partnership), ensuring smooth sailing with tax authorities.

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Professionals on the Move – May 2024

CPA Practice

KSM Announces Appointments for Five New Leadership Roles Katz, Sapper & Miller (KSM) recently announced the appointments of Erin Eberly, Jason Patch, Mike North, Mike Lee, and Jamie Ellis to newly created roles overseeing the firm’s tax, audit, and advisory practices, its industry groups, and its operations. He received his L.L.M.

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Why Small Business Owners Need Tax Mitigation Strategies More Than Ever

CPA Practice

Significance of potential savings could justify audit risk Some strategies, for instance, are known irritants to the IRS and cause them to take a harder look at a given return. That usually means an audit, and obviously not every business owner wants to make such a process more likely. Distributed by Tribune Content Agency LLC.

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The 2022 Bloomberg Tax Author Awards Celebrate the Pinnacle of Tax Intelligence

Going Concern

You can always brag about it on LinkedIn, and it looks like the award winners got a free lunch and drinks at the Hay Adams Hotel in Washington, DC. Presumably everything worked out okay in the audit because, according to LinkedIn, Starr stuck around at PwC as CTO for another seven years. The press release doesn’t mention that.

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Friday Footnotes: RSM Layoffs; The Leader Who Cried On His First Day; Advisory Pays Better (Duh) | 5.5.23

Going Concern

Entry-level CPAs in advisory practices are making $11,000 more than CPAs starting out in audit and tax, and $20,000 more than non-CPAs in advisory. Accountingfly is connecting audit professionals at all experience levels with forward-thinking firms for strictly REMOTE audit roles. Don’t sweat it. Pajamas forever!

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