article thumbnail

Payroll Taxes Demystified: A Breakdown for Accountants and CPAs Serving Business Owners

CPA Practice

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. By Nellie Akalp. and West Virginia) Washington, D.C.

article thumbnail

6 SECURE Act 2.0 Changes to Plan for in 2023

CPA Practice

Previously, employer matches had to go into an employee’s pre-tax account. Retirement savers and employers alike should speak with their certified public accountants (CPAs), who can help them strategically manage their finances and maximize the tax credits and deductions available to them. With SECURE Act 2.0

Illinois 119
Insiders

Sign Up for our Newsletter

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

article thumbnail

Now the Profession Is Losing Experienced Accountants Too

Going Concern

That last one was the first sign a shortage was coming down the road, mentioned here by the Illinois CPA Society back in 2017: An impending mass exodus of CPAs over the next 15 years is the most obvious contributor to shrinking CPA numbers.

Account 113
article thumbnail

How to Find a Qualified Tax Preparer In Your Geographic Area

Nancy McClelland, LLC

As you might imagine, we get quite a few inquiries for tax preparation services, but a) we only do taxes for our small business accounting & bookkeeping clients, and b) we only work with clients in Illinois, Indiana and Wisconsin.

article thumbnail

Friday Footnotes: Looking Elsewhere For Talent; MPs Talk Private Equity Concerns; The Burnout Queen | 8.25.23

Going Concern

Firm Watch Baker Tilly Names Adam Grinde Illinois Managing Partner [ Business Wire ] Grinde succeeds Thomas Walker who transitioned to a regional leadership role as managing partner – Central U.S. ” Grinde will provide leadership, management and strategic direction to grow the firm’s Illinois market. effective June 1.