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

Going Concern

Daniel Garigen, who holds a 40% stake in Dansa D’Arata & Soucia CPAs LLP, has accused managing partner Eric Soucia of financial and workplace misconduct in a lawsuit filed this month in state Supreme Court that seeks to force Soucia to give up control of the company.

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How Long Does It Take an Accountant to Do Taxes?

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Is It Worth Getting an Accountant to Do Your Taxes? There are three main types of qualified tax preparers. These include enrolled agents (EAs), certified public accountants (CPAs), and tax lawyers. Tax consulting services can assist you with ensuring your business tax return is properly completed.

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What Happens if a Business Doesn’t File Taxes?

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A tax accountant can also advise you on deadlines and changes. Here’s a list of common forms and tax filing requirements for businesses and their filing deadlines. For a complete list, we’ve updated our 2023 tax deadlines for businesses here. How Long Can You Go Without Filing Business Taxes?

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

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This deduction ensures that you aren’t double-taxed on the same money. Other tax credits may be available to small business owners to offset some or all of the cost of paying self-employment taxes. To avoid paying self-employment taxes, consult a tax professional to discuss incorporating your business.