RogerRossmeisl
MARCH 18, 2024
We are finding that, all too often, taxpayers that make Employee Retention Tax Credit (ERTC) claims by engaging a so-called “ERTC Mill” are never told of their responsibility to amend their applicable prior year federal income tax return(s), and are shocked to learn that they owe additional taxes, penalties and interest.
TaxConnex
NOVEMBER 22, 2022
In our blog last week, we looked at how sales and use tax advisory services might be a good new field for CPAs and accounting firms. Mark Friedlich, CPA, vice president of U.S. Compare the state income tax return filings to the state sales tax filings. Review the sales tax payable account.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
TaxConnex
APRIL 20, 2021
This time of year, everybody’s mind is on income tax preparation. And for many accountants and CPA firms, this time of year means extra-long hours and more time spent managing clients’ finances. Either those that they’ve hired internally or the trusted CPA firm they’ve utilized for years.
CPA Practice
JUNE 26, 2023
Partnerships don’t pay federal income tax; instead, the partnership’s income, losses, deductions, and credits pass through to the partners themselves, who report these amounts—and pay taxes on them—as part of their personal income tax returns, said attorney and freelance writer Jane Haskins.
TaxConnex
NOVEMBER 10, 2022
I graduated in 1985 with a Masters in Tax. I was trained in income tax and expected to have a career in public accounting, but I only lasted a few years in a couple of different large CPA firms. I then went to the BellSouth Corporation tax department and had various roles.
ThomsonReuters
JULY 13, 2023
This means source documents are bookmarked and organized into a standardized work paper index that follows the order of the tax return. Preparers don’t have to painstakingly assemble tax work papers thanks to automated scan-and-organize functionality. Interested in learning more about tax workflow automation?
RitaKeller
DECEMBER 9, 2021
So have CPA firms. Some firms are notifying their clients about an increase in fees. For the preparation of your 2021 income tax returns, our minimum service fee will increase by a percentage range of 11% – 20%. In order to keep pace with these changes, we will be increasing our fees.
Expert insights. Personalized for you.
173 
Let's personalize your content