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Justice Department Continues Efforts to Stop Fraudulent Tax Preparers

CPA Practice

The Department of Justice is warning taxpayers to choose their return preparers wisely as the April 18 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. million in restitution.

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U.S. Chamber of Commerce Sues FTC to Block Noncompete Agreement Ban

CPA Practice

The Chamber’s lawsuit in federal court in Tyler, Texas, alleges that the U.S. The lawsuit comes after tax service firm Ryan LLC on Tuesday filed the first legal challenge to the FTC rule in a different federal court in Texas. The FTC did not immediately respond to a request for comment.

Utah 110
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Bonadio Group to Add Dallas Firm Howard LLP

CPA Practice

The Bonadio Group, a top 50 accounting firm based in Pittsford, NY, is merging in a top 400 CPA firm—Dallas-based Howard LLP. Wexler, who helped open Bonadio Group’s first Dallas office in 2018, will refocus his efforts on business development and client service to support continued strategic growth in Texas, the firm said.

Texas 52
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Business Tax Rates: How Much Do Small Businesses Pay in Taxes?

xendoo

Filing taxes as a small business owner can be complex, with numerous factors to consider. From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate.

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Friday Footnotes: Staffing Disasters; Let’s Rag on EY; A Warning For Tax Practitioners | 4.14.23

Going Concern

The firm had a contract to perform the 2022 year-end audit for $26,135, but in order to complete it, the CPAs had to spend a lot of time doing extra accounting work that the previous town employees had failed to do, it was stated. At a February meeting, CPA Paul Johnson explained the reasons for the increase.

Tax 103
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Ryan Leads Charge Against Biden’s Ban on Noncompete Clauses

CPA Practice

By Arcelia Martin, The Dallas Morning News (TNS) Within 45 minutes of the Federal Trade Commission posting its latest ruling outlawing noncompete clauses , Ryan, a Dallas-based global tax services firm, filed the first of what would soon be a slew of lawsuits against the ban. But its objectors, like the U.S.

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Is Software as a Service Taxable? 

Anders CPA

Even if a state doesn’t require sales tax on SaaS, the company may still need to file if they pass a certain threshold of sales. SaaS really encompasses three types of services: SaaS; Infrastructure as a Service (IAAS) and Platform as a Service (PAAS). And the states may follow suit on the other services.