Accounting Today

JUNE 20, 2025

The current list of eligible localities is on the IRS Tax Relief in Disaster Situations page.) 3 deadline for both states applies to individual income tax returns and payments normally due on April 15, 2025. Calendar-year corporation and fiduciary returns and payments normally due on April 15, 2025. 15, 2025.

Mississippi

MyIRSRelief

JUNE 13, 2025

Unlicensed Preparers: Anyone lacking a Preparer Tax Identification Number (PTIN) or credentials like EA, CPA, or attorney status. Only EAs, CPAs, and attorneys can represent taxpayers before the IRS. To verify a tax professional, use the IRS Directory of Federal Tax Return Preparers (irs.gov) or check state licensing boards.

Tax

LSLCPAs

JANUARY 16, 2025

Taxpayers that have been impacted now have until October 15, 2025, to file various federal tax returns and make payments. Who Qualifies for Disaster Tax Relief? The post Disaster Tax Relief for Southern California Wildfire and Wind Disaster Victims appeared first on LSL CPAs. This relief applies to areas.

California

Accounting Today

JUNE 9, 2025

By Daniel Hood 35m ago Technology Instead adds AI-driven tax reports The reports harness artificial intelligence to analyze full tax returns to glean tax strategies and missed opportunities. By Paige Hagy June 6 Like what you see?

Technology

Accounting Today

JUNE 9, 2025

By Daniel Hood 35m ago Technology Instead adds AI-driven tax reports The reports harness artificial intelligence to analyze full tax returns to glean tax strategies and missed opportunities. By Paige Hagy June 6 Like what you see?

auditor

ThomsonReuters

JUNE 18, 2025

The PTET allows pass-through entities, such as partnerships and S corporations , to pay state income tax at the entity level and claim a deduction on their federal income tax returns. This, in turn, causes less income to be passed through to the individual owners.

income tax

Accounting Today

JULY 24, 2025

Sole owner of Zion Outfitter, an outdoor retailer in Springdale, Utah, he handled the company finances and provided CPAs with information and records to prepare tax forms to submit to the IRS. million in income tax. West Long Branch, New Jersey: Resident Matthew Tucci has pleaded guilty to tax evasion. million in taxes.

Tax

LSLCPAs

MARCH 5, 2025

Then they ask, Can you send over your last few years of tax returns? Cant you just handle this years taxes? And the answer is: The post Why Your CPA Wants Your Prior Tax Returns (And Why Its Not Just About Taxes) appeared first on LSL CPAs. Great question!

tax return

Accounting Today

JUNE 6, 2025

The upgraded income tax return solution now includes enhanced client onboarding workflows that allow firms to create multiple engagements in bulk to accelerate onboarding. The new AI document assistant transforms lengthy documents into actionable insights by extracting key details.

Technology

Accounting Today

JUNE 9, 2025

credentialed CPAs in America) and demand (i.e., total addressable market), the well-documented conclusions are: 75% of todays CPAs will have retired in the next decade; and, Revenue per CPA is projected to 2.7x CPAs on technical expertise and client service? during that period, because new entrants are declining.

accountant

Going Concern

NOVEMBER 22, 2024

The Australian Financial Review Top 100 Accounting Firms list for 2024 shows countries such as India and the Philippines have become key hubs for preparing the tax returns and financial reports of corporate Australia, including high-level, potentially sensitive work. A Great Resignation 2.0 The two men received over $1.5

auditor

inDinero Tax Tips

JANUARY 1, 2025

Tax returns arent worth a founder’s time. Filing taxes late or misclassifying expenses can carry penalties or even trigger audits. For startups expanding into multiple states or countries, its easy to unintentionally run afoul of local tax laws. This is a case where knowledgeable CPAs are worth consulting with.

accrual accounting

Accounting Today

JUNE 9, 2025

EDT 4 Min Read Facebook Twitter LinkedIn Email Even as accountants worry about a host of pressing issues, there are strong reasons to be optimistic about the future of the profession, according to Mark Koziel the president and CEO of the American Institute of CPAs. By Paige Hagy June 6 Like what you see?

accountant

Going Concern

FEBRUARY 10, 2025

ZDNet brings you 5 ways AI can help with your taxes – and 10 major mistakes to avoid: In a recent test of ChatGPT’s Deep Research feature, the AI was asked to identify 20 jobs that OpenAI’s new o3 model was likely to replace. Good luck with that, taxpayers. OK but how if none of the things you mention are going to change?

Indiana

Accounting Today

JULY 29, 2025

Accountants also dedicate substantial time to recording activities, including (though increasingly automated by software) ledger entries, tax liability entries, transfer pricing, intercompany transactions, tax return preparation and preparing for SEC filings in publicly listed organizations.

accounting and finance

Accounting Today

JUNE 9, 2025

You go to the beauty portal, you go to the barbershop, they have more protection than a person who prepares tax returns. So they have attorneys, CPAs, enrolled agents, a couple of others which are very minor. (28:39): 28:39): So CPAs, there were 204,522 CPAs with thein. million since September of 2010. No question.

Washington

CPA Practice

JUNE 18, 2025

OBannon For several weeks, the American Institute of CPAs (AICPA), along with various other stakeholders, have raised concerns over proposals to eliminate the pass-through entity tax (PTET) state and local tax (SALT) deduction for specified service trades or businesses (SSTBs).

Tax

Accounting Today

JULY 21, 2025

IRS records analysis confirmed that the defendant did not file income tax returns for 2015 and 2016, but he eventually prepared and filed those documents two years later, in April 2018. income tax return. income tax returns and falsely reported that the $150,000 payment was for legal fees.

Rhode Island

LSLCPAs

MARCH 13, 2025

These contributions are due by April 15, 2025, the first due date of personal tax returns. The post IRA & HSA Contribution Deadlines: Dont Miss These Time-Sensitive Opportunities appeared first on LSL CPAs. Due to fire disaster relief for Los Angeles, if you are a resident of LA County.

tax return

Going Concern

JANUARY 13, 2025

A CPA’s office building caught fire in Kentucky : An office building caught fire Friday morning in downtown Hazard. A portion of Main Street was shut down for approximately two hours as crews worked to put out the flames at Chris Gooch CPAs office building. No injuries were reported. The IRS is sending out money.

accounting firms

Accounting Today

JUNE 30, 2025

Then theres the tax return thats 95% done but still waiting on "one more thing." Kyle Walters Partner, L&H CPAs and Advisors For reprint and licensing requests for this article, click here. You finish a long day, turn off all three of your monitors and try to relax. three days ago. Sound familiar?

accountant

CPA Practice

JULY 25, 2025

OBannon Thirty-seven percent of Americans have experienced fraudulent activities after being personally and/or professionally impacted by a natural disaster, according to a recent survey conducted by The Harris Poll on behalf of the American Institute of CPAs (AICPA).

Technology

Going Concern

NOVEMBER 1, 2024

CBIZ Completes Acquisition of Marcum [ PR Newswire ] Concurrent with the closing of this transaction, the attest business of Marcum was acquired by CBIZ CPAs, a national independent CPA firm with which CBIZ has had an Administrative Service Agreement for over 25 years. “We have an intentional focus to grow Cincinnati.” billion. .”

audit

Going Concern

APRIL 11, 2025

News Tax firm owned by Anne Arundel lawyer found liable in unjust enrichment case [ Maryland Daily Record ] An accounting firm owned by Glen Frost, the founder of one of Anne Arundel Countys largest law firms, was found liable for unjust enrichment and ordered to pay more than $680,000 after a jury trial last month.

audit

Going Concern

JULY 18, 2025

Here they are: Top Remote Tax and Accounting Candidates of the Week | July 17, 2025 Firm Watch Doeren Mayhew expands to lakeshore market in deal for Grand Haven CPA firm [ Crain’s ] The Troy-based Doeren Mayhew closed last month on the acquisition of Draper Bialik & Co. Department of Justice.

audit

Accounting Today

JULY 21, 2025

This allows taxpayers that incurred R&D costs but did not claim the R&D credit to amend tax returns for 2022-2024 to capture the R&D tax credit benefit without capitalizing the related expenditures creating significant refund opportunities," Johnson noted.

Technology

Accounting Today

JUNE 9, 2025

By Daniel Hood 35m ago Technology Instead adds AI-driven tax reports The reports harness artificial intelligence to analyze full tax returns to glean tax strategies and missed opportunities. By Paige Hagy June 6 Like what you see?

Tax

CPA Practice

JULY 14, 2025

According to court documents, Festus Adenisimi, of Mansfield, Texas, was the owner of FA Tax, a tax preparation business located in Grand Prairie, where he and other tax preparers prepared fraudulent tax returns for their clients, often causing the IRS to issue refunds to those clients. in restitution.

tax preparation

Going Concern

MAY 9, 2025

accountant filed 177 false tax returns on behalf of clients, feds say [ NJ.com ] A Bergen County woman was sentenced to three years in prison and must pay back over $1 million after admitting to filing 177 false tax returns on behalf of clients, officials with the U.S. Accountants Behaving Badly N.J.

Pennsylvania

MyIRSRelief

FEBRUARY 23, 2024

The Consequences of Unpaid Back Taxes and Unfiled Returns: Unpaid back taxes and unfiled returns can lead to a cascade of adverse consequences. Firstly, accumulating interest and penalties on unpaid taxes can significantly inflate the original debt, exacerbating financial strain.

tax return

CPA Practice

APRIL 19, 2024

Forbes this week released its inaugural list of America’s Top 200 CPAs , nine of whom were recently recognized by CPA Practice Advisor. Forbes said the 200 finalists were selected through a review of more than 1,000 CPAs from a variety of backgrounds, specializations, and locations.

cpas

CPA Practice

APRIL 9, 2024

With the plethora of highly sensitive personal and financial data being shared between firms and clients, it’s the perfect time for bad actors to strike, especially as the April 15th deadline inches closer and CPAs push to get more done with less time.

cpas

BuildYourFirm

MARCH 31, 2020

Her affiliations include Massachusetts Society of CPAs, National Conference of CPA Practitioners, and Chair, Mass. Society of CPAs South Shore Breakfast Networking Forum. Memorable Quotes: “Especially the smaller ones [film companies], they don’t realize they need to file tax returns.”. Irene graduated with a B.S.

cpas

AdviceForTaxpreparers

SEPTEMBER 8, 2020

Facebook, Twitter, LinkedIn, talking directly to CPAs, accounting majors, accounting teachers, etc.). Join my LinkedIn group Accounting LIONs to add connections of accounting & tax professionals to your LinkedIn network. Free Tax Staff Guide. Tax Preparers: A Free Program to Stop Losing Important Notes. Popular Posts.

tax preparation

CPA Practice

MAY 24, 2023

The American Institute of CPAs (AICPA) has endorsed bipartisan legislation introduced by Representatives Judy Chu (D-CA) and Mike Carey (R-OH) to simplify the tax filing extension process. In addition, taxpayers and their preparers must often obtain records from third parties to properly determine their tax liability.

Tax

Bharmal&Associates

AUGUST 28, 2020

You don’t need to file a separate federal income tax return for the single-member LLC. The big federal income tax advantage of operating as a single-member LLC is extreme simplicity. In other words, the default federal income tax treatment of a multimember LLC is partnership status. Premier Orange County CPAs.

income tax

MyIRSRelief

FEBRUARY 1, 2023

An IRS audit is a review or examination of an individual’s or organization’s tax return to ensure that the information is accurate and that the tax return is being filed in compliance with the tax laws. They can also help taxpayers to negotiate with tax authorities and to resolve tax disputes.

Tax