Snyder

OCTOBER 30, 2022

How much do small businesses pay in taxes? How to file income tax? How to file self-employment tax? How to file employment tax? How to file excise tax? How to file estimated tax? Tax preparation tips: How to prepare in 5 steps. When are 2022 taxes due? General Tax Calendar.

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CPA Practice

DECEMBER 22, 2023

A Georgia man was sentenced on December 19 to two years in prison for evading his personal federal income taxes. According to court documents and statements made in court, from 1999 to 2021, Samir Patel, of Statesboro, was a tax return preparer at a national return preparation business.

Georgia 52

Georgia tax preparation Tax income tax 52

Going Concern

SEPTEMBER 25, 2023

In the indictment that was unsealed on Tuesday, prosecutors allege that Mitchell and Shreiteh allegedly recruited independent business owners, self-employed workers, and other businesses to provide them with personal information, bank statements, and other documents which they then submitted for PPP loans, prosecutors said.

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MyIRSRelief

MARCH 29, 2024

In the bustling city of Whittier, California, businesses face a myriad of tax-related challenges that can significantly impact their operations and financial health. From business tax preparation to dealing with unpaid back taxes and navigating complex audits, the tax landscape can be daunting.

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California tax services business tax Tax 130

CPA Practice

FEBRUARY 3, 2023

TNS) A Columbus, GA-based tax preparer has pleaded guilty in federal court to charges that she submitted false claims for tax credits for her clients and also failed to pay her own personal taxes. As tax season is currently underway, citizens should be reminded that committing tax fraud will lead to criminal prosecution.”

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Snyder

NOVEMBER 10, 2022

The biggest tax season challenge for a small business is tax preparation and filing. Most SMB owners fall into the trap of putting off taxes until the last minute because they don’t have professional tax accounting software backing them up. What is tax software? Online tax preparation + IRS forms.

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tax preparation Tax tax return accounting software 52

CPA Practice

APRIL 5, 2024

TNS) A Kennewick tax preparer cost the United States $42 million in lost tax revenue between 2017 and 2020 after filing tax returns that were riddled with errors, fabrications and fraudulent entries, alleges the Department of Justice. Taylor prepared 779 returns for S corporations between tax years 2017 and 2020.

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CPA Practice

APRIL 7, 2023

An Indiana woman pleaded guilty in federal court last Friday in the District of Columbia to conspiring to file false tax returns and related charges. According to court documents and statements made in court, Awett Tedla of Indianapolis was the owner and operator of Speedy Tax Services, L.L.C., and District Heights, Maryland.

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tax preparation Indiana Tax income tax 52

CTP

APRIL 29, 2022

A taxpayer cannot submit a document simply to delay tax administration, that demonstrates intentional disregard of a rule, or that is otherwise frivolous and not based on guidance from a reasonable authority. If a position is deemed frivolous, both the taxpayer and the tax preparer can be penalized.

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CPA Practice

FEBRUARY 28, 2024

Earnest and Randell were also convicted of preparing such returns. Wells and Barefoot pleaded guilty before the trial to crimes related to preparing and filing false tax returns for clients.

Mississippi 52

Mississippi tax return tax preparation Tax 52

MyIRSRelief

DECEMBER 15, 2022

Here are some steps you can take to tackle the task: Take an inventory: First, make a list of all the records you have, including bank/credit card statements, invoices, receipts, and other documents. What is income tax preparation service? What is business tax preparation service?

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CPA Practice

SEPTEMBER 25, 2023

18 it warned five tax preparation companies that they could face thousands of dollars in fines for using clients’ confidential data for purposes other than tax preparation, such as advertising. The Federal Trade Commission (FTC) said on Sept.

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CPA Practice

JANUARY 13, 2023

A professional tax return preparer in Texas recently pleaded guilty to “engaging in a multi-year conspiracy to prepare and file false tax returns on behalf of clients and obtaining a fraudulent loan under the Paycheck Protection Program” (“PPP”). The proceeding was held before U.S. Magistrate Judge Jeffrey C.

Texas 52

Texas tax preparation Tax tax return 52

MyIRSRelief

FEBRUARY 8, 2023

Tax Preparation, Tax Planning, and Tax Representation: Understanding the Importance of Professional Assistance Tax preparation, tax planning, and tax representation are all crucial components of managing your finances and ensuring that you meet your tax obligations.

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CPA Practice

DECEMBER 13, 2023

StanfordTax is eliminating the time-consuming and inefficient process of creating tax organizers for accountants and tax professionals with a platform driven by artificial intelligence (AI). The new features help eliminate inefficiencies and inaccuracies in the preparation of client tax organizers.

Tax 104

Tax Technology tax preparation Account 104

CPA Practice

APRIL 8, 2024

While digital services have improved the tax return experience and streamlined more mundane accounting tasks so CPAs can have more time to serve their clients, cybercriminals and groups have taken advantage of the technology shift to exploit tax returns and other digital tax documents.

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Accounting Today

DECEMBER 15, 2023

Under Development; lack of security; CI at work; and other highlights of recent tax cases.

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Tax tax preparation 67

Going Concern

JULY 21, 2023

Big 4 Senator calls for Deloitte to face fresh grilling over claims ex-partner David Milo shared military documents [ ABC News (Australia)] A federal senator says reports of a former Deloitte partner leaking confidential defense documents demonstrate the “threat” consulting firms pose to Australia.

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audit Tax Manufacturing Government 98

CPA Practice

AUGUST 14, 2023

A South Carolina woman was sentenced today to 37 months in prison for conspiring to defraud the United States by preparing and filing false tax returns. According to court documents and statements made in court, Georgina Gonzalez, formerly of Miami, worked as a tax return preparer since at least 2013.

South Carolina 98

South Carolina Tax tax preparation tax return 98

CPA Practice

AUGUST 11, 2023

A South Carolina woman was sentenced today to 37 months in prison for conspiring to defraud the United States by preparing and filing false tax returns. According to court documents and statements made in court, Georgina Gonzalez, formerly of Miami, worked as a tax return preparer since at least 2013.

South Carolina 98

South Carolina Tax tax preparation tax return 98

MyIRSRelief

OCTOBER 3, 2022

There is a substantial amount of time you have to file your taxes, but the process can seem hefty. With the help of Los Angeles tax services firms, you can receive information on your tax return, the amount you owe, and various resources for tax preparation service.

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tax services California Tax tax preparation 147

CPA Practice

FEBRUARY 17, 2023

Tax season is always stressful. Hurried filers inundate tax preparers working furiously to help their clients file on time while the dreaded tax deadline looms. However, it’s important to pause and reflect on your data privacy standards, digital communication norms, and potential vulnerabilities this tax season.

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Tax tax preparation cpas Legal 122

xendoo

FEBRUARY 23, 2022

How Much Time Does it Take an Accountant to Prepare Taxes? The time it takes an accountant to do taxes depends on the complexity of your return and how quickly you make your tax information and necessary documents available to them. . It is better to plan ahead before the tax filing deadline.

Tax 94

Tax tax preparation tax return Account 94

CTP

JANUARY 9, 2023

Even if your business only has one administrator and one tax preparer, that is your team. Before a system was put in place, the business owner was involved in answering the phone, redirecting calls, and closing sales, even though their primary strength was tax preparation. The solution? Other controls can include….

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CPA Practice

AUGUST 15, 2023

Each state mandates that most companies formed within their jurisdiction assign a registered agent and registered office to handle timely and potentially sensitive service of process documentation. Resident agents are required to have a physical location in the state where these documents can be received.

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CPA Practice

FEBRUARY 12, 2024

Once upon a time, tax preparation was a document-heavy practice, requiring people to send their sensitive documents to their CPAs. This lack of visibility and explainability is especially problematic for high-stakes work like tax preparation. By Crystal Blythe, IDology. Those days are long gone.

cpas 105

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CTP

OCTOBER 17, 2022

Even if your business only has one administrator and one tax preparer, that is your team. Before a system was put in place, the business owner was involved in answering the phone, redirecting calls, and closing sales, even though their primary strength was tax preparation. The solution? Other controls can include….

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CPA Practice

APRIL 9, 2024

Social media—things like Facebook, Instagram and TikTok—can be used to circulate “wildly inaccurate tax advice,” the agency said. Some claims involve urging people to misuse common tax documents like Form W-2 or more obscure ones like form 8944, a technical e-file form not commonly used by most filers.

Tax 116

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CPA Practice

APRIL 17, 2023

Categories for this year’s awards range from online tax, research and accounting systems, to remote engagement, practice management, document automation, workflow tools, apps for collaboration, mobile productivity and more. WINNER: TheTaxBook – Tax Materials Inc.

quickbooks 130

quickbooks payroll Technology audit 130

CPA Practice

FEBRUARY 8, 2024

The IRS and the agency’s Security Summit partners alerted tax professionals on Thursday of a scam email impersonating various software companies in an attempt to steal electronic filing identification numbers (EFINs). The IRS said it has already received dozens of reports of the scam targeting tax professionals.

Hawaii 124

Hawaii Alaska Arizona Tax 124

CPA Practice

JANUARY 9, 2024

With the 2024 filing season right around the corner , the IRS is alerting tax professionals about a new round of email schemes in which cybercriminals pose as potential clients looking for tax help. Kindly prompt how you plan to push ahead. This includes awkwardly phrased sentences and odd word usage.

Tax 101

Tax tax preparation tax return CPA 101

MyIRSRelief

JUNE 1, 2022

You need to seek help from a professional tax service provider. You need someone to help you in terms of business bookkeeping, tax preparation, tax planning and even with tax controversy. Tax preparation for Norwalk. Your problem will not be solved by paying interests, fines and fees.

California 100

California tax services Tax tax return 100

CPA Practice

APRIL 11, 2024

This year, the IRS has launched a pilot program dubbed “Direct File” through which Americans can opt to have the IRS prepare their taxes for free (well, except for the billions of taxpayer dollars used to create the program). The IRS wants to eliminate Americans’ reliance on private-sector tax-preparation services.

South Dakota 98

South Dakota audit tax preparation Legal 98

CPA Practice

OCTOBER 2, 2023

October 16 is this year’s deadline for taxpayers who requested additional time to file their taxes. This is often necessary for taxpayers who are still waiting on some documents before they can file their returns. However, taxes expected to be owed were required to be owed by the original April 18, 2023, deadline.

South Carolina 124

South Carolina Tax Georgia income tax 124

ThomsonReuters

NOVEMBER 8, 2022

With strong documentation, you can formulate a plan, gain approval, and implement/augment technology to streamline your accounting processes. . Here’s how to start: Document your processes. Identify all the steps in your tax workflow process, including all systems and software you and your staff use on a daily basis.

Technology 105

Technology Account accountant accounted 105

Randal DeHart

DECEMBER 16, 2022

Most construction business owners who reach out to us describe this as their "Year End Madness" to prepare their documents for the tax accountant. Bottomline - pay your taxes right, but it doesn't have to be more than what you owe. The year is almost over. Fourth-quarter and year-end deadlines are approaching.

Construction 78

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CPA Practice

OCTOBER 16, 2023

October 16 is this year’s deadline for taxpayers who requested additional time to file their taxes. This is often necessary for taxpayers who are still waiting on some documents before they can file their returns. However, taxes expected to be owed were required to be owed by the original April 18, 2023, deadline.

South Carolina 111

South Carolina Georgia income tax Vermont 111