MyIRSRelief

OCTOBER 30, 2023

Credentials: Make sure that the tax preparer is credentialed by a reputable professional organization, such as the American Institute of Certified Public Accountants (AICPA) or the National Association of Enrolled Agents (NAEA). Keep all of your trust tax documents in a safe and organized place. Be organized.

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CPA Practice

APRIL 22, 2024

The race to integrate Artificial Intelligence into the workflow of Certified Public Accountants is no longer a futuristic concept, but a current reality. Large accounting firms have made substantial strides in using AI to augment their services and deliver high quality outcomes. By Chris Stephenson and Eric Hylton.

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MyIRSRelief

FEBRUARY 23, 2024

Tax professionals, such as enrolled agents, certified public accountants (CPAs), and tax attorneys, possess the expertise and experience necessary to negotiate with the IRS on behalf of taxpayers. Provide them with all relevant documentation and information necessary to advocate effectively on your behalf.

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CPA Practice

APRIL 16, 2024

According to court documents and statements made in court, from at least 2013 through 2021, Michael L. Meyer, of Davie, Florida, used his skills as an attorney and certified public accountant to promote his fraudulent tax shelter called “The Ultimate Tax Plan.”

Florida 52

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Going Concern

SEPTEMBER 12, 2023

.” From today’s news release : The Securities and Exchange Commission today charged Alfonse Gregory Giugliano, CPA, the former National Assurance Services Leader at Marcum LLP, a public accounting firm, with failing to sufficiently address and remediate numerous deficiencies in Marcum’s quality control system.

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MyIRSRelief

JULY 3, 2023

Audits aim to verify the eligibility of wages claimed, the calculation methodology used, and the supporting documentation provided. During an ERC audit, the IRS reviews the business’s records, including payroll records, tax returns, and supporting documentation related to ERC claims. Why are ERC Claims Subject to Audits?

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CPA Practice

APRIL 30, 2024

By Paul Walsh, Star Tribune (TNS) An Edina, MN-based certified public accountant tapped into her clients’ bank accounts and stole more than $340,000, according to federal charges. Cascarano said prosecutors had claimed Lautigar stole an amount “that was way higher” than noted in the charging document.

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MyIRSRelief

FEBRUARY 1, 2023

The IRS may conduct audits through various methods, including correspondence audits, in which the taxpayer is asked to provide additional documentation by mail, or field audits, in which an IRS agent visits the taxpayer’s place of business or home to review the tax return and related records in person. Get professional taxiety help!

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MyIRSRelief

AUGUST 14, 2023

c) Seek Professional Help: If you are struggling with your tax obligations, consider seeking professional help from a tax attorney, certified public accountant (CPA), or EA enrolled agent. b) Gather Documentation: Collect all relevant documents, such as tax returns, pay stubs, and financial records, to support your case.

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MyIRSRelief

AUGUST 14, 2023

c) Seek Professional Help: If you are struggling with your tax obligations, consider seeking professional help from a tax attorney, certified public accountant (CPA), or enrolled agent. b) Gather Documentation: Collect all relevant documents, such as tax returns, pay stubs, and financial records, to support your case.

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tax return Tax Legal audit 130

Cherry Bekaert

MARCH 6, 2024

Cherry Bekaert’s tax team brings expertise in both industry and public accounting to deliver a tailored solution. At Cherry Bekaert, we tailor our solution to your unique situation in order to best support your finance team. Our specialists can help build a robust plan so you can focus on your business.

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CPA Practice

AUGUST 15, 2023

and MSPC CPAs —failed to make and/or document certain communications with audit committees related to the planned participation of other firms and auditors in the audit, as required by AS 1301, Communications with Audit Committees. Top 60 accounting firm Blue & Co. 9: Blue & Co.

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Going Concern

SEPTEMBER 21, 2023

License verification can be performed at verify.tn.gov Records: Endeavor to obtain any personal or business records, files, or documents from the firm. Just in case you need it, JD Frost’s Tennessee Certified Public Accountant license number is 21324 and expires December 31, 2024.

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CPA Practice

NOVEMBER 21, 2023

Stivers has had prior legal trouble over his actions as an accountant. He was a certified public accountant from 1989 until his CPA license was revoked in October 2015 after he pleaded guilty in Tennessee federal court in a case alleging tax fraud against a state legislator. ©2023 Lexington Herald-Leader.

Kentucky 65

Kentucky CPA Tax tax return 65

CPA Practice

SEPTEMBER 28, 2023

Nicole says, “We have our training system in place to bring someone that does not have the experience or hasn’t worked in public accounting or a firm very long. Then, eventually, she graduated to accounting-specific practice management software. Create Documentation Document your processes as you work.

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CPA Practice

MAY 11, 2023

A New Jersey Certified Public Accountant has pleaded guilty to conspiring to defraud the United States by promoting fraudulent tax shelters to high-income clients. According to court documents and statements made in court, James H.

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CPA Practice

APRIL 8, 2024

Tax season – an already stressful time for Certified Public Accountants (CPAs) – has been made even more stressful by tax scams. For example, many CPAs and tax professionals use e-signatures to sign and send documents digitally, reducing instances of errors and speeding up time-consuming processes like auditing or reporting.

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MyIRSRelief

JUNE 9, 2023

Gather supporting documents: Collect all relevant documents, such as receipts, bank statements, and tax forms, to substantiate your original tax return, complete and provided form 433. Crafting a well-documented and persuasive response is vital when dealing with IRS Letter 1058. How should I respond to IRS Letter 1058?

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Going Concern

FEBRUARY 9, 2023

But nearly all of them miss a relatively simple step: Get the flow of documents between you and your clients under control with a document request management solution. In our research for this article, a public accounting firm revealed that it spent up to 30% of its time collecting documents in a typical engagement.

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CPA Practice

APRIL 25, 2024

By Eduardo Castillo, The Wichita Eagle (TNS) A Kansas accountant has been accused of defrauding a business client and using the client’s money to build himself a home, federal prosecutors said. Quintin Flanagin, 43, of Colby, is a certified public accountant and is part owner of Williams Consulting, a Colby accounting firm.

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CPA Practice

JULY 9, 2023

This new product combines the power of artificial intelligence (AI) large language models (LLMs) from Microsoft Azure OpenAI with the full suite of Advantage Audit programs and planning documents for industry-specific audits, reviews and compilations.

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CPA Practice

OCTOBER 11, 2023

A federal jury convicted Gyetvay in March 2023 of failing to file a Report of Foreign Bank and Financial Accounts (FBAR), making a false statement to the IRS and willfully failing to file tax returns.

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Going Concern

APRIL 29, 2024

” Also want to include this link from Footnotes in case you missed it, we’ll do a full story later: PIPCA Survey Sheds Light on What Existing CPAs Want and Why Some are Leaving [ INSIDE Public Accounting ] The report is found here: CPA Talent Retention 2024: Keeping Your Best Performers And now new news. “ U.S.

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Going Concern

JANUARY 8, 2024

Refresher: Municipalities across the US are at risk of having their credit ratings downgraded or withdrawn by S&P Global Ratings because staffing shortages have delayed financial disclosure documents. Said the Sheridan Press today : The city of Sheridan and Sheridan County’s FY2023 audits will come in after the state-mandated deadline.

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MyIRSRelief

APRIL 22, 2024

Here’s how to handle unfiled returns: Steps to Take: Gather Documentation: Collect all necessary financial records. Contacting a qualified tax professional, such as a certified public accountant (CPA) or enrolled agent (EA), who specializes in audit representation can help ensure that your rights are protected throughout the audit process.

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CPA Practice

NOVEMBER 22, 2023

Stivers has had prior legal trouble over his actions as an accountant. He was a certified public accountant from 1989 until his CPA license was revoked in October 2015 after he pleaded guilty in Tennessee federal court in a case alleging tax fraud against a state legislator. ©2023 Lexington Herald-Leader.

Kentucky 52

Kentucky CPA Tax tax return 52

CPA Practice

JANUARY 17, 2023

Rather than being constrained towards a single country, accounting credentials such as Certified Public Accountant (CPA), Enrolled Agent (EA) and Certified Management Accounting (CMA) are quickly turning into global designations. . The development of technology is hastening the transformation of the accounting sector.

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MyIRSRelief

MAY 22, 2023

Tax audits can be time-consuming and require a significant amount of documentation. Tax professionals can also help taxpayers gather and organize documentation and prepare responses to audit inquiries. 941 payroll tax problems can be complicated and require a significant amount of documentation and communication with the IRS.

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CPA Practice

AUGUST 18, 2023

The Public Company Accounting Oversight Board (PCAOB) permanently revoked the registration of Denver-based accounting firm AJ Robbins CPA on Aug. 17 and jointly fined the firm and its owner Allan Jeffrie Robbins $150,000 for independence and professional skepticism failures, as well as for the improper alteration of documents.

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CPA Practice

MARCH 12, 2024

Digilence offers AI, machine learning, automation and intelligent document processing capabilities to accounting firms through its Digilence Cloud, using a SaaS model. Materia provides an AI-powered intelligent workflow automation platform for public accounting firms that helps improve the efficiency and quality of audits.

cpas 52

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CPA Practice

JUNE 21, 2023

Learn how using digital, fillable client organizers, file exchange, document request lists (DRL), and other front-end gathering tools within the SafeSend Suite is a smart technology investment. We had significant usage with the source document upload feature.” – Virginia Dennerlein, Director of Operations, Sax LLP.

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ThomsonReuters

JANUARY 29, 2024

Retiring Baby Boomers are creating a vacuum, leading to a scarcity of experienced professionals, and there aren’t enough young people graduating with accounting degrees—or choosing to enter public accounting—to fill that void. This generational shift is not just a numerical problem but also a transfer-of-knowledge issue.

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CPA Practice

SEPTEMBER 1, 2023

On one side is the dedicated land team, who handles the mapping of assets and inventory visualizations within their mineral management platform , contract review, regulatory compliance, digital document storage, and reporting analysis.

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CPA Practice

DECEMBER 28, 2023

The survey polled chief executive officers, chief financial officers, controllers and other certified public accountants in U.S. companies who hold executive and senior management accounting roles. The Standards reference the NASBA Fields of Study document, which also was reviewed and evaluated for currency and relevancy.

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Going Concern

JANUARY 26, 2024

This comes after KPMG, which was hired by the organization in 2021 to review its compliance with agreements for three federal grants, found that documentation was lacking. Pride “encountered challenges in locating supporting documents for certain expenditures spanning the years 2017 to 2021,” Modeste said in the statement.

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ThomsonReuters

MAY 16, 2024

Here, we delve into the intricacies of QC 1000, exploring its implications for registered public accounting firms and the broader auditing environment. The post Unveiling the new PCAOB standard QC 1000: A leap towards enhanced audit quality appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

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Ryan Lazanis

JUNE 19, 2023

Prioritize your self-care Why Does Busy Season Accounting Happen? During the audit busy season, it’s almost a given that most public accounting firms have their hands full. That means training your clients to provide documentation, stay up-to-date, and be ready ahead of time for the documents you’ll need.

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