article thumbnail

Cohen & Co. to Move Into Buffalo After Acquiring CPA and Consulting Firms

CPA Practice

will be entering the Buffalo market when a deal to acquire Szymkowiak & Associates CPAs and its sister firm PEAR Consultants closes next month. All professionals of Szymkowiak and PEAR Consulting, which share an office in Buffalo, will join Cohen & Co. PEAR’s tax consulting work complements much of Cohen & Co.’s

CPA 110
article thumbnail

Monday Morning Accounting News Brief: EY Embarrasses Itself (Again); Archaic IRS Tech; Partners Battle It Out | 2.27.23

Going Concern

. “IRS tech is so ‘archaic’ the agency struggles to find people to work it” from The Washington Post : The Internal Revenue Service, which funds nearly everything the federal government does, uses information technology that is creaking with old age.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Friday Footnotes: Remembering Legend Sid Kess; Andersen’s Doing Great; Poland Banned Deloitte From Auditing? | 9.22.23

Going Concern

Both Mendlowitz and his father, also a CPA, attended the CUNY school. Summing up Sid: The ultimate CPA and friend to all [ Journal of Accountancy podcast ] Plenty of CPAs can say they learned something from Sid Kess, who died last week at age 97.

audit 93
article thumbnail

When You Need to Hire a Pro: Online Accounting Service for Small Business

xendoo

based financial team—bookkeeping, tax consulting, and tax filing all under one roof, available 24/7. When you need to deal with government red tape. When you’re audited, you need a CPA to perform the audit services and issue the IRS’s required reports. You need to figure out the best legal structure for your SMB.

article thumbnail

How to Write Off Your Dream Car Tax Free in 2021

LyfeAccounting

So if you had a $150,000 tax liability, the money you would have to pay the government anyway, this would allow you to get a $150,000 tax write-off. And this can be a tax savings of 30-40%! Now, this is the power of leveraging the tax code and why accountants and CPAs get paid so much money.

Tax 52
article thumbnail

Friday Footnotes: More Bad News for PwC; Firm Leader Says AI Will Get People Back in the Office | 6.2.23

Going Concern

ChatGPT Offers CPAs ‘Superpowers’ Deloitte’s Ucuzoglu Says [ Bloomberg Tax ] “The use cases are breathtaking: They will fundamentally alter the profession,” said Deloitte Global CEO Joe Ucuzoglu, addressing a University of Southern California financial reporting conference on Thursday. .” The roughly A$290 billion ($196.71

cpas 99
article thumbnail

How to Keep My New Corporation Out of Trouble?

MyIRSRelief

Federal, state, and local governments have for the public records the rules and regulations that guide businesses that operate in their location. The reasons are many, but it mostly happens because filing tax returns becomes so routine that it often gets overlooked. In other words, know the rules and stay within them.