CPA Practice

JANUARY 26, 2024

A Florida woman was sentenced on Jan. 23, 2024, to two years in prison for a scheme to file false tax returns, and to two years in prison for an unrelated online romance scam. According to court documents and statements made in court related to the tax scheme, Iona Coates owned and operated Bits & Bytes Accounting Services Inc.,

Florida 110

Florida tax preparation Tax tax return 110

CPA Practice

FEBRUARY 13, 2024

By Bruce Gil, Quartz (TNS) Jeff Bezos, the world’s second richest person at the moment, could end up saving nearly $600 million because of his recent move to Miami, Florida—a state with no capital gains tax. Now that he lives in Florida, he has managed to avoid this tax. Last week, Bezos announced in a U.S.

Florida 116

Florida Tax Washington Sales 116

CPA Practice

NOVEMBER 27, 2023

Top 200 accounting firm H&CO has acquired fellow Florida CPA firm Grennan Fender, which has offices in Orlando and Melbourne. This merger allows us to strengthen our position as a leading CPA firm while enriching our advisory services. Terms of the deal were not disclosed. The firm had revenue of $31.2

cpa firm 106

cpa firm CPA Florida tax planning 106

CPA Practice

FEBRUARY 6, 2024

Coming on the heels of the acquisitions of a CPA firm in Chapel Hill, NC , and a New York City-based business software consulting firm , top 25 accounting firm Citrin Cooperman on Feb. KMC), a full-service tax, attest, and business advisory firm based in Fort Lauderdale, FL. 1 picked up Keefe McCullough & Co. 1, 1971. “The

Florida 40

Florida cpa firm CPA New York 40

CPA Practice

APRIL 15, 2024

A Florida attorney was sentenced today to eight years in prison for conspiring to defraud the United States and tax evasion arising out of his promotion of an illegal tax shelter scheme involving false charitable deductions. Meyer earned more than $10 million from selling the Ultimate Tax Plan.

Florida 59

Florida Tax tax planning Ohio 59

CPA Practice

AUGUST 17, 2023

While choosing to retire in Florida isn’t the best choice for everyone, relocating to the Sunshine State comes with its share of benefits. Of course, some people move to Florida for the warm weather and plentiful beaches, but that’s not all the state has to offer. But you may be wondering where in Florida other retirees are going.

Florida 98

Florida Tax Georgia Sales 98

CPA Practice

JANUARY 3, 2024

If you’re in Florida and missed out on buying some things you wanted during the holidays, here’s some good news. A bonus New Year Florida sales tax holiday has started and will continue until mid-January. It’s worth noting that offering a second tax-free holiday for back-to-school shopping is a first for the Sunshine State.

Florida 59

Florida Sales Tax income tax 59

CPA Practice

APRIL 16, 2024

A Florida attorney was sentenced today to eight years in prison for conspiring to defraud the United States and tax evasion arising out of his promotion of an illegal tax shelter scheme involving false charitable deductions. Meyer earned more than $10 million from selling the Ultimate Tax Plan.

Florida 52

Florida Tax tax planning Ohio 52

CPA Practice

JUNE 12, 2023

The Illinois CPA Society (ICPAS)—one of the largest state associations in the nation serving the certified public accountant (CPA) community—has presented Daniel F. Rahill III, CPA/PFS, JD, LL.M., Rahill earned the CPA credential and became an ICPAS member in 1981. Rahill also holds several other volunteer roles.

Illinois 106

Illinois CPA Florida income tax 106

CPA Practice

OCTOBER 11, 2023

Mark Anthony Gyetvay, a former CPA in Naples, Florida, has been sentenced to 86 months in prison for a scheme to hide millions of dollars of income in undisclosed Swiss bank accounts and submitting a false filing to the IRS. Additionally, and despite being a CPA, Gyetvay did not file personal tax returns for 2013 and 2014.

Tax 106

Tax Florida tax return CPA 106

CPA Practice

MAY 3, 2024

Sales tax holidays are all the rage right now. There were about 45 sales tax holidays in 24 states in 2023 and could be even more than that in 2024. If you’re in retail, hang on to your hats and read our sales tax holiday FAQ to learn: What is a sales tax holiday? Do all states have a tax holiday? By Gail Cole.

Sales 119

Sales Tax Nevada West Virginia 119

CPA Practice

FEBRUARY 6, 2024

State CPA Society News & Updates is a selection of recent announcements and initiatives by CPA associations in the United States and its territories. Beeler, CPA – Deloitte Tax, LLP Mary Kay Curtiss, MSPA, CPA – CliftonLarsonAllen LLP Stacy R. Farber, CPA – UHY LLP Teresa J.

CPA 65

CPA Illinois Arkansas Idaho 65

MyIRSRelief

MAY 24, 2023

The notice will state the amount of tax due, as well as interest and penalties. The notice will also include the following information: The amount of tax due The amount of interest and penalties The due date for payment Instructions on how to pay What do I need to do if I receive an IRS CP14 notice? What is an IRS CP14 notice?

North Carolina 147

North Carolina Oklahoma Ohio Tax 147

CPA Practice

MARCH 6, 2023

The partners and employees of Daszkal Bolton have joined the advisory, assurance and tax firm CohnReznick , a leading advisory, assurance, and tax firm, effective March 1, 2023. Daszkal Bolton is a regional South Florida accounting, tax, and advisory firm.

Florida 59

Florida Massachusetts cpa firm CPA 59

CPA Practice

MARCH 2, 2023

A Broward County, Florida, man convicted of buying a Lamborghini and other luxury goods with $2 million in U.S. It’s not the Lamborghini or the million dollar home that will inspire the world but the trials and tribulations you overcame,” Barosy, who was born in Haiti and immigrated to South Florida as a teen, wrote in one post.

Florida 98

Florida Sports payroll Government 98

MyIRSRelief

MAY 24, 2023

The notice will state the amount of tax due, as well as interest and penalties. The notice will also include the following information: The amount of tax due The amount of interest and penalties The due date for payment Instructions on how to pay What do I need to do if I receive an IRS CP14 notice? What is an IRS CP14 notice?

North Carolina 130

North Carolina Oklahoma Ohio Tax 130

CPA Practice

FEBRUARY 2, 2023

A former Jacksonville company CEO was sentenced on January 30, 2023, to 32 months in prison for willfully attempting to evade the assessment of his federal income taxes. In total, Cory evaded more than $600,000 in taxes through his actions. Goldberg of the Justice Department’s Tax Division and U.S. Attorney Roger B.

Florida 52

Florida Tax tax return income tax 52

CPA Practice

JUNE 29, 2023

Key O’Keefe, CPA, began her tenure as the 96 th Chair of the Florida Institute of Certified Public Accountants on July 1, 2023. “I Each year, she leads multi-session courses with as many as 20 classes of elementary and high school students, introducing them to accounting and championing the CPA profession.

CPA 52

CPA Florida cpas Education 52

CPA Practice

APRIL 11, 2024

The Justice Department is advising taxpayers to choose their return preparers wisely as the April 15 federal tax filing deadline approaches. Unscrupulous preparers who include errors or false information on a tax return could leave a taxpayer open to liability for unpaid taxes, penalties and interest.

tax return 116

tax return Tax tax preparation Florida 116

CPA Practice

JANUARY 30, 2024

NDH Advisors has acquired Houston-based CPA firm Jain & Jain—the second transaction the Chicago accounting business has made in as many months. NDH’s first foray into M&A was last November when it acquired Leawood, KS-based tax and accounting firm Stratus Group. Terms of the deal weren’t disclosed.

cpa firm 52

cpa firm CPA Utah Texas 52

CPA Practice

DECEMBER 19, 2023

The start of a month typically brings some number of tax-related changes. Erie County, New York, exempts energy sources and services New York state sales tax doesn’t apply to retail sales of residential energy sources and services, but local sales tax does apply in many jurisdictions, including Erie County. cents per gallon.

South Carolina 111

South Carolina Tax Florida tax return 111

CPA Practice

AUGUST 18, 2023

Rendon is among thousands of people in South Florida and other parts of the country who have been accused of exploiting the SBA’s relief programs for businesses that faced hardship during the COVID-19 pandemic between 2020 and 2022.

Florida 98

Florida Real Estate tax preparation Government 98

CPA Practice

APRIL 3, 2024

A new study by WalletHub revealed that residents of New York state are burdened by taxes the most among the 50 states, while Alaska residents have the lowest tax burden. The following are some key findings from WalletHub’s study: As previously stated, New York has the highest overall tax burden, while Alaska has the lowest.

Rhode Island 111

Rhode Island Alaska Tax New Hampshire 111

CPA Practice

APRIL 9, 2024

A new study by WalletHub revealed that residents of New York state are burdened by taxes the most among the 50 states, while Alaska residents have the lowest tax burden. The following are some key findings from WalletHub’s study: As previously stated, New York has the highest overall tax burden, while Alaska has the lowest.

Rhode Island 106

Rhode Island Alaska Tax New Hampshire 106

CPA Practice

NOVEMBER 1, 2023

Top 60 accounting firm Doeren Mayhew said on Wednesday it has acquired Michael Sorrentino’s practice of Button Eddy & Sorrentino, a CPA firm based in Farmington Hills, MI. million during its most recent fiscal year, has eight offices in four states: Florida, Michigan, North Carolina, and Texas.

Michigan 52

Michigan CPA North Carolina Florida 52

CPA Practice

APRIL 5, 2024

Earlier this week WalletHub released a study that shows which states’ residents have the highest and lowest tax burden , measured as the proportion of total personal income that residents pay toward state and local taxes. The study looks at how much tax the average person is estimated to pay in each state throughout their lifetime.

West Virginia 127

West Virginia Rhode Island South Dakota North Dakota 127

Going Concern

AUGUST 26, 2022

CPAs spill the beans [ CPA Canada ] Three accountants share their experience being back at the office. Baker Tilly Acquires Consulting Firm Management Partners [ CPA Practice Advisor ] The national advisory and CPA firm Baker Tilly US, LLP (Baker Tilly) will acquire Management Partners, effective Oct. Firm M&A.

CPA 90

CPA cpas audit cpa firm 90

CPA Practice

APRIL 26, 2024

With the 2024 filing season in the rearview mirror, the IRS provided an update Friday on how well its Direct File pilot program fared this year but said little about what the future holds for its prized tax-filing service. We saw a strong response from the pilot, and Direct File’s users generally found it fast and easy to use.

South Dakota 111

South Dakota Tax New Hampshire Wyoming 111

CPA Practice

APRIL 9, 2024

As accountants and CPAs, dealing with payroll taxes is essential to managing finances for your business clients. Understanding the details of payroll taxes helps you better assist your clients in fulfilling their obligations and maximizing tax efficiency. Social Security Tax : Employers and employees each contribute 6.2%

payroll tax 110

payroll tax West Virginia payroll cpas 110

CPA Practice

OCTOBER 5, 2023

in unpaid taxes and, as a result, the agency has placed a tax lien on a condo he owns south Florida. million in Palm Beach County, Florida, located approximately three miles from Trump’s Mar-a-Lago estate. According to The New York Times and the Daily Mail , former New York City mayor Rudolph Giuliani owes $549,435.26

Georgia 112

Georgia Tax Florida New York 112

CPA Practice

DECEMBER 13, 2023

State CPA Society News & Updates is a round-up of recent announcements and initiatives by CPA associations in the United States and its territories. The West Virginia Society of Certified Public Accountants (WVSCPA) is offering an Introduction to Crypto Currency and Tax Planning. investments and U.S.

West Virginia 40

West Virginia CPA Kentucky Virginia 40

Going Concern

DECEMBER 9, 2022

Trump Organization found guilty on all counts of criminal tax fraud [ CNN ]. Grant Thornton merges two Orlando offices as firm continues to grow in Florida [ Grant Thornton ]. A DYNAMIC office change for Grant Thornton’s CHOSEN MARKETS in Florida. Grant Thornton LLP will merge its two locations in Orlando, Florida.

CPA 88

CPA Florida auditor audit 88

CPA Practice

JANUARY 3, 2024

Taylor, Kiplinger Consumer News Service (TNS) As we venture into the new year, 2024 brings a wave of changes in state taxes across the country. From gas taxes to property tax amendments and income tax cuts, being aware of these changes is crucial since state and local taxes are among the highest taxes most people pay.

Tax 128

Tax Kansas income tax Montana 128

CPA Practice

JANUARY 8, 2024

Top 200 accounting firm Saltmarsh, Cleaveland & Gund has combined with fellow Florida CPA firm Ruggiero, Martinez & Norton (RM&N), based in Winter Park. We are eager to expand our footprint in Central Florida as part of this merger and are even more enthusiastic to welcome them to their new home at our firm.”

Florida 98

Florida cpa firm audit CPA 98

CPA Practice

APRIL 9, 2024

The domestic sales tax landscape in the United States has been in a constant state of flux over the last decade. In fact, the 2023 Vertex End-of-Year Sales Tax Rates and Rules report shows that a total of 444 sales tax rate changes took place across all U.S. States continue to issue new fees, exemptions and tax holidays.

Sales 110

Sales Tax Minnesota Tennessee 110

CPA Practice

APRIL 30, 2024

By Chris Tisch, Tampa Bay Times (TNS) A Largo, FL, man arrested five years ago on charges that he stole more than $300,000 from clients who hired him to pay their taxes has been accused of doing the same thing while out on bail awaiting trial. On April 18, Maxey, 77, was arrested again on a scheme to defraud charge.

tax preparation 52

tax preparation Florida Tax 52

CPA Practice

AUGUST 4, 2023

However, the Mega Millions winner will have to pay considerable federal taxes. The IRS takes federal tax “off the top.” But the winner then pays additional federal income taxes based on the tax rate tied to their federal tax bracket, which will be high due to the multi-billion-dollar payout. Here are eight U.S.

South Dakota 98

South Dakota New Hampshire Wyoming income tax 98