Going Concern

SEPTEMBER 25, 2023

In that capacity, Urban was responsible for maintaining the company’s general ledger, preparing financial statements, and reconciling the company’s accounts payable and receivable and bank statements. Both women are in their 30s, and both had been going to Flinchum for at least three years for tax preparation.

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Going Concern

OCTOBER 20, 2023

Local CPA weighs in on accountant shortage [ WMDT ] The Salisbury, MD news spoke to a UHY partner about the issue. according to the National Center for Education Statistics (NCES), the primary statistical agency of the Department of Education. Law & Order Investigators: Fake CPA defrauded St. Welsh said.

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Going Concern

AUGUST 31, 2023

Education: BBA in accounting Candidate ID # 18756621 Proven client-facing team leader provides full cycle accounting, bookkeeping & more to a wide range of client industries! Education: BBA in Accounting Candidate ID #1 8680068 Are you looking to hire a freelancer? Tech Stack: QBO, QBD, UltraTax, etc.

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CTP

NOVEMBER 15, 2023

But now, even your DIY tax software says it offers tax planning! Real tax planning is very hands-on, customized, and proactive. It takes a trained expert, with advanced education, specialization, and licensure to ensure the highest ethical standards and to protect you legally before the IRS! It CAN’T be that simple!

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LyfeAccounting

MARCH 10, 2021

In this post, we want to provide you with some more clarity on CPA services. Now, CPAs can provide a number of services to small businesses. But no other professional can provide all of the services that CPAs provide. So then… what are CPA services? What are CPA Services? What is a CPA? Compilations.

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CPA Practice

JANUARY 18, 2024

[Your credentials] with [#] years of experience helping individuals and small businesses with tax filings and compliance. Saving [your niche] money one tax write-off at a time! Accepting new tax preparation clients for the 2024 filing season. Earned Income Tax Credit – This one’s a biggie! Inflation Pinch?

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CPA Practice

FEBRUARY 28, 2024

According to court documents and evidence presented in court, Earnest, Randell, Klish, Barefoot and Wells worked at Sunbelt and conspired together to claim inflated tax refunds for clients by reporting false education credits, itemized deductions and business profits or losses on their clients’ tax returns.

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TaxConnex

MARCH 1, 2022

It’s that time of year again when everyone suddenly thinks about preparing their income taxes. But does tax preparation incur sales taxes – and if it does, where and how?

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MyIRSRelief

JUNE 23, 2023

Unraveling the Tax Services of Enrolled Agents Enrolled Agents offer a wide range of tax services tailored to meet the needs of their individual & business clients. b) Tax Planning: Enrolled Agents provide strategic tax planning advice to minimize tax liability and optimize financial outcomes.

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Nancy McClelland, LLC

MARCH 9, 2024

Thanks so much to Insightful Accountant — a leader in news and education for our industry — for inviting me to join a truly exceptional group of colleagues on the inaugural advisory panel. Ths allows me to continue to provide free accounting resources to small businesses who do not have the funds available to hire a CPA.

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CPA Practice

OCTOBER 25, 2023

Are you ready for the upcoming tax season? Join John Sapp, CPA and Chief Revenue Officer at Drake Software and Isaac O’Bannon, Managing Editor for CPA Practice Advisor for a live webinar covering key topics that will affect tax preparers and payers in the upcoming season. Already registered for this webinar?

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xendoo

MARCH 18, 2021

When you have more questions than a bookkeeper can answer, you’ll probably need to look into CPA services. Read on to see if online CPA services are best for you and your business. What is a CPA? It’s important to understand the differences between a Certified Public Accountant, CPA, and a regular accountant. Bookkeeper?

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CPA Practice

DECEMBER 10, 2023

By Al-Nesha Jones, CPA, MBA. While chestnuts crackle and we gear up for the annual tax preparation season, it becomes clear that the winter holidays bring more than just festivities and time off; they also mark the beginning of the tax preparation party. Tis the season! It’s ever-present in the financial journey.

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CPA Practice

APRIL 11, 2024

“Taxpayers must look out for unscrupulous preparers, who often will promise refunds that are too good to be true,” said Deputy Assistant Attorney General David A. Hubbert of the Justice Department’s Tax Division. “If Over the last year, the Tax Division has worked with U.S.

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LyfeAccounting

FEBRUARY 14, 2021

?. What is a CPA? And more importantly, what does a CPA actually do? What is a CPA? A CPA is a Certified Public Accountant. There is no higher designation in the finance or accounting industry than the CPA license. In order to become licensed as a CPA, you must pass rigorous requirements. What is it?

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CPA Practice

AUGUST 29, 2023

Here are the rules and expectations: Candidates should be working in the accounting field, or supporting the field (public, private, tax preparation, consulting, academia, government) and have not turned 40 as of September 1, 2023. Nominations for the 2023 Awards are now open. Click here to go to the free nomination form.

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ThomsonReuters

JANUARY 18, 2024

Accountant vs. CPA vs. tax preparer: What are the differences? According to Pilar Garcia, CPA , Tax and Accounting Executive Editor for Thomson Reuters, “AI, especially generative AI, can propel the accounting profession forward like no other technological advancement since Excel. So, what are the differences?

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MyIRSRelief

OCTOBER 3, 2022

Taxes can be broken down into three categories: what you purchase, what you own, and what you earn. They contribute to resources such as our government, educational systems, law enforcement, libraries, and others. However, individuals who fail to pay taxes can suffer penalties and potential criminal charges.

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MyIRSRelief

DECEMBER 15, 2022

This might include accounting software, a financial calculator, and reference materials such as tax guides or accounting textbooks. Seek help: If the task is too overwhelming to tackle on your own, consider seeking the help of a professional, such as a local SoCal EA enrolled agent or CPA. What is income tax preparation service?

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Shay CPA

FEBRUARY 28, 2024

Plus, getting things in order before you go to your accountant can streamline the process, helping you avoid extra expenses like troubleshooting services from your bookkeeper or rush-order billable hours with your CPA. Very few founders enjoy doing their taxes. fundraising, terms of service, CPA/bookkeeper fees) Office supplies (e.g.,

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CPA Practice

MAY 22, 2023

Most of us are already aware of the Financial Services Modernization Act (known as Gramm-Leach-Bliley) that was enacted in 1999, but you may not be aware of the specific impacts on those of you that are tax preparers. This would include for example, detailing what specific procedures to invoke on their computer (i.e.

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CPA Practice

JANUARY 26, 2024

The IRS Criminal Investigation unit will hold educational sessions for tax professionals about the employee retention credit (ERC) next month, the agency announced on Jan. These educational sessions will help tax preparers navigate the complexities of ERC claims to ensure they’re in compliance with U.S.

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CPA Practice

AUGUST 14, 2023

For the 2016 and 2017 tax filing seasons, Gonzalez temporarily relocated to South Carolina to prepare returns and manage multiple locations of a tax preparation business located in Columbia. Gonzalez and her co-conspirators charged clients up to $999 to prepare each return.

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CPA Practice

AUGUST 11, 2023

For the 2016 and 2017 tax filing seasons, Gonzalez temporarily relocated to South Carolina to prepare returns and manage multiple locations of a tax preparation business located in Columbia. Gonzalez and her co-conspirators charged clients up to $999 to prepare each return.

South Carolina 98

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CPA Practice

JULY 28, 2023

Here are the rules and expectations: Candidates should be working in the accounting field, or supporting the field (public, private, tax preparation, consulting, academia, government) and have not turned 40 as of September 1, 2023. Nominations for the 2023 Awards are now open. Click here to go to the free nomination form.

CPA 52

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Going Concern

AUGUST 25, 2023

Talent Nontraditional Candidates Can Solve Accounting Talent Shortage [ Bloomberg Tax Mazars’ Tifphani White-King explains why accounting firms should recruit people with nontraditional educational backgrounds and discusses ways to help such candidates succeed in the industry. Elizabeth Warren, D-Mass., Katie Porter, D-Calif.,

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CPA Practice

JUNE 21, 2023

Gail Perry is the editor-in-chief of CPA Practice Advisor. Gail is the author of over 30 books (including Mint.com For Dummies , The Idiot’s Guide to Introductory Accounting , and Surviving Financial Downsizing: A Practical Guide to Living Well on Less Income ), and she maintains a small tax practice.

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Going Concern

MARCH 22, 2023

After a frantic search, the Trump Organization settled on the firm of Whitley Penn, LLP (“Whitley Penn”) based out of Fort Worth, Texas to perform audit services, compilation services and tax preparation services, including the preparation of an SOFC for the year 2021. ” SO.

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xendoo

FEBRUARY 23, 2022

How do you know when to bring in a tax professional? Complicated tax situations like inheritance, small business taxes , or other big life changes usually warrant bringing in a certified public accountant or CPA. . How Much Time Does it Take an Accountant to Prepare Taxes? State or local property tax.

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Going Concern

JANUARY 26, 2024

“It is reflective of a declining population of individuals who are pursuing those degrees that would allow them to sit for the CPA exam, but that’s coupled with the fact that there’s less students in general,” Grzes said. This survey reflects many of the challenges that professionals in CPA firms of all sizes are currently facing.

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CPA Practice

AUGUST 15, 2023

Jared Ballew, 2022-23 Chair of the ETAAC and Vice President of Government and Industry Relations at Taxwell; and Ann Campbell, CPA CIA and Drake Software Trainer will share an overview of the cyber threats that taxpayers and tax professionals face daily. Gail Perry is the editor-in-chief of CPA Practice Advisor.

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CPA Practice

DECEMBER 13, 2023

Mention a broad solution (payroll management, for example) and ask if they would like to book an appointment now to work on resolving their challenge after tax season. Separate planning sessions from work sessions: Co-mingling tax planning and tax preparation ultimately provides less value to the client and reduced revenue for your firm.

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Nancy McClelland, LLC

APRIL 16, 2023

(c) Nataliya Vaitkevich via Pexels I used to find it annoying when a client would forward me an article about a tax deduction or credit, to make sure I would take it on their tax return. Though keep in mind — there is no requirement that a tax preparer be a CPA, or even an EA.

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CPA Practice

JANUARY 29, 2024

Direct File also allows you to claim only a truncated list of credits and deductions: the Earned Income Tax Credit for low-income workers, the credits for children and other dependents , the standard deduction , and the deductions for student loan interest payments and educators’ classroom and professional development expenses.

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Nancy McClelland, LLC

DECEMBER 1, 2023

Plus, it’s free if you attend live ($25 fee for the recording, which is totally worth it, as they’re able to subsidize the education without your having to sit through vendor commercial plugs). They have the personal relationships and tech know-how that you lack!

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Nancy McClelland, LLC

DECEMBER 1, 2023

Plus, it’s free if you attend live ($25 fee for the recording, which is totally worth it, as they’re able to subsidize the education without your having to sit through vendor commercial plugs). They have the personal relationships and tech know-how that you lack!

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CPA Practice

JUNE 28, 2023

By Chris Farrell, CPA. By now, most tax preparers are aware they need to comply with the FTC Safeguards Rule and IRS Publication 4557. And what if you don’t provide tax? He holds a Masters degree in Business Administration from UCLA’s Anderson School of Management and received his CPA license in California.

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