Tax educator Sidney Kess dies at 97
Accounting Today
SEPTEMBER 18, 2023
Kess, a renowned tax accountant, attorney and educator, died at the age of 97 on Sunday.
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Accounting Today
SEPTEMBER 18, 2023
Kess, a renowned tax accountant, attorney and educator, died at the age of 97 on Sunday.
MyIRSRelief
DECEMBER 15, 2022
For example, you may want to catch up on your tax filings, prepare for an audit, or simply get a better understanding of your financial situation. This might include accounting software, a financial calculator, and reference materials such as tax guides or accounting textbooks. What is income tax preparation service?
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TaxConnex
FEBRUARY 27, 2024
Your sales tax obligations depend on knowledge and that knowledge often resides in a professional tax specialist (usually an accountant) who helps your company meet its sales tax obligations. This is a complicated time for sales tax obligations – and a terrible time to try to hire an accountant.
CPA Practice
JUNE 21, 2023
Artificial intelligence has been the focus of significant discussion within many professions, among them accounting, tax and legal. Furthermore, about half (52%) of all respondents believe that generative AI should be used for legal and tax work. What are the perils?
TaxConnex
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It’s that time of year again when everyone suddenly thinks about preparing their income taxes. But does tax preparation incur sales taxes – and if it does, where and how? For some 90 years, states have levied sales tax on goods (West Virginia was the first to do so , in 1921). Sourcing is huge.
TaxConnex
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“Services” are generally not subject to sales tax while tangible personal property generally is subject to sales tax. Kentucky is the latest in terms of taxing specific services. The Bluegrass State looks to expand sales tax on what it calls high-growth services. Get in touch to learn more.
Going Concern
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Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Accountingfly can help!
CPA Practice
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Once upon a time, tax preparation was a document-heavy practice, requiring people to send their sensitive documents to their CPAs. The digitalization of the financial sector generally, and tax services in particular, has expanded access to high-quality tax services while making filing taxes more streamlined and convenient.
ThomsonReuters
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As open-source generative AI platforms (like ChatGPT) gain momentum, there are concerns around accuracy, security, and privacy — especially when it comes to handling clients’ sensitive tax information. The basics of generative AI in tax So, what exactly is generative AI and how does it work within the tax and accounting profession?
Going Concern
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Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Accountingfly can help!
MyIRSRelief
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When it comes to tax season, many people are faced with the decision of whether to prepare their own taxes or use an income tax preparation service. While it may seem like an added expense, there are many benefits to using a professional tax preparation service that make it well worth the cost.
CPA Practice
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Join SafeSend, as they share the journey of solving pain points experienced on the front-end of the tax process and define a new way to get your firm and clients tax ready! Shirley Chen is a Digital Transformation Practitioner who specializes in leading changes in the tax & accounting industry. Click here to log in.
CPA Practice
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This is the original, completely virtual online CPE conference for accounting and tax pros, so you can attend and earn free CPE credits from the comfort of your office. Field of study: Marketing HOW TO GROW, ELEVATE, AND SCALE TODAY’S ACCOUNTING FIRM Field of study: Business Marketing & Organization DAY TWO (Dec.
CPA Practice
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This is the original, completely virtual online CPE conference for accounting and tax pros, so you can attend and earn free CPE credits from the comfort of your office. Field of study: Marketing HOW TO GROW, ELEVATE, AND SCALE TODAY’S ACCOUNTING FIRM Field of study: Business Marketing & Organization DAY TWO (Dec.
CPA Practice
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By Crystal Blythe, IDology Once upon a time, tax preparation was a document-heavy practice, requiring people to send their sensitive documents to their CPAs. It also introduces unique challenges that CPAs and tax professionals can’t ignore. CPAs and tax professionals are right to leverage this technology.
Going Concern
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Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Accountingfly can help! Sign up now to see the complete candidate list and connect with potential hires.
CPA Practice
OCTOBER 4, 2023
As a tax professional, you are probably aware of your responsibility for keeping your clients’ personal data safe, but do you know what that really means and how to successfully protect their privacy? State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Click here to log in.
CPA Practice
AUGUST 15, 2023
Jared Ballew, 2022-23 Chair of the ETAAC and Vice President of Government and Industry Relations at Taxwell; and Ann Campbell, CPA CIA and Drake Software Trainer will share an overview of the cyber threats that taxpayers and tax professionals face daily. Program level: Basic (no prerequisites required).
xendoo
FEBRUARY 23, 2022
As tax season looms, you may be wondering whether you should have an accountant prepare your taxes. In addition to considering how much an accountant costs , you’ll also want to consider how long an accountant will take to do taxes compared to trying to do it yourself. State or local property tax.
Basis 365
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While we may not be tax accountants , we, too, look for ways to save money, and having tax write-offs is a great way to save your business some money. In that sprint, we’ve devised a list of some common tax write-offs that you might consider when preparing your taxes this season. Be sure to keep your receipts.
Going Concern
AUGUST 31, 2023
Are you struggling to hire remote accountants, auditors, or tax professionals right for your firm or internal team? Gain full access to a pool of highly skilled and experienced remote accountants ready to join your team with Always-On Recruiting. Accountingfly is ready to partner with you! Tech Stack: QBO, QBD, UltraTax, etc.
xendoo
APRIL 8, 2022
Many small business owners miss out on tax savings simply because they aren’t aware of what tax deductions are available. As professional accountants, we know all the small business tax deductions that can save you money, and we’re sharing them in this tax deductions checklist. . What is a tax deduction?
inDinero Tax Tips
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However, most businesses are unprepared and need IRS tax audit help. An audit is the way the Internal Revenue Service (IRS) ensures that what’s being reported on your tax return matches your business activities. Some of them are easily avoidable with diligence and care in tax reporting. What is an Audit? IRS audits can be scary.
CPA Practice
NOVEMBER 17, 2023
Renew has helped hundreds of accounting firms increase their number of target clients, focusing on inspiring metrics and work while making a significant impact with their clients. Join this hard-hitting and practical webinar and learn proven strategies to eliminate the tax season pit in your stomach and transform your firm – once and for all.
Shay CPA
FEBRUARY 28, 2024
Don’t shoot the messenger: it’s time to do your taxes. Plus, getting things in order before you go to your accountant can streamline the process, helping you avoid extra expenses like troubleshooting services from your bookkeeper or rush-order billable hours with your CPA. Very few founders enjoy doing their taxes. for 2024.
ThomsonReuters
APRIL 2, 2024
While the exact details of the investigation remain undisclosed, the IRS’s involvement suggests potential tax evasion and money laundering charges. In the case of the investigation into Shohei Ohtani’s former interpreter, the IRS’s involvement suggests that there may be evidence of tax evasion or money laundering.
CPA Practice
APRIL 16, 2024
Last summer she became a tax accountant at wealth management firm Stonehage Fleming. The 2024 tax and audit season, which generally stretches from mid-January to mid- or late April, hasn’t been quite as challenging as it was in pandemic years, industry experts said. She resigned about 10 months ago. “I
Withum
JUNE 27, 2022
The New Jersey Society of Certified Public Accountants (NJCPA) has named Joe Breen a 2022 Ovation Award winner in the Emerging Leaders category. Joe is a Senior Tax Accountant working in both the Construction Industry Team and Private Client Services , specifically with High Net-Worth Individuals.
CPA Practice
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The height of tax season is often the time when firms feel the impact of inefficiency. By standardizing the experience with the SafeSend Suite, you provide ONE PLATFORM that clients become comfortable with at every point in the tax engagement and staff know how to use. Please click here to log in.
Nancy McClelland, LLC
JANUARY 15, 2023
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. Tax Preparer. It’s an arena rife with underrepresentation issues.). 3) Located in?
CPA Practice
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Career Awareness Event Brings CPAs to Classrooms to Inspire Future Accountants Texas Society of CPAs (TXCPA) is excited to announce our collaboration with the American Institute of CPAs and fellow state CPA societies throughout the U.S. For more information about Accounting Opportunities Month, please visit bit.ly/TXAOM23.
ThomsonReuters
SEPTEMBER 7, 2023
Jump to: Child and dependent care credit FAQs What is kiddie tax? What is the adoption tax credit? Claiming children on taxes Choosing the best tax preparation software As all working parents know, the cost of child and dependent care can be a significant financial burden.
CPA Practice
MAY 23, 2024
Gail is the author of over 30 books (including Mint.com For Dummies , The Idiot’s Guide to Introductory Accounting , and Surviving Financial Downsizing: A Practical Guide to Living Well on Less Income ), and she maintains a small tax practice. Learn more at [link].
Going Concern
NOVEMBER 24, 2023
Bonuses will also be cut, with staff in KPMG’s 2,900-strong tax and legal arm receiving 55 per cent of the full amount that could have been paid, an insider said. Tax Court Provides Evidentiary Lesson On Professional-Reliance Defense [ Forbes ] Reasonable cause is a common defense to civil tax penalties. UK inflation stood at 4.6
CPA Practice
APRIL 25, 2023
Over a 60-day comment period leading up to the adoption of the new rule, more than 850 respondents provided input to an exposure draft issued by NASBA’s Uniform Accountancy Act Committee. 1, 2024, places a greater emphasis on technology and analytical skills, as well as on tax, accounting, and audit. Bravo NASBA.
CPA Practice
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In IRS customer service initiatives, taxpayers can already see important changes this tax season, and the plan provides a foundation for future efforts. This plan charts the course forward for the IRS and tax administration.” As a result, the IRS has no plans to increase the audit rate for households making less than $400,000.
CPA Practice
APRIL 24, 2023
Gail is the author of over 30 books (including Mint.com For Dummies , The Idiot’s Guide to Introductory Accounting , and Surviving Financial Downsizing: A Practical Guide to Living Well on Less Income ), and she maintains a small tax practice. Gail is a graduate of Indiana University where she earned a bachelor’s degree in journalism.
PYMNTS
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Bitcoin investors took a massive hit in 2018 – and, according to personal finance company Credit Karma, most of them don’t realize they can write off the losses on their tax returns. According to a report in MarketWatch , citing Jagjit Chawla, general manager of tax at Credit Karma, U.S. investors lost $1.7
Going Concern
OCTOBER 20, 2023
Local CPA weighs in on accountant shortage [ WMDT ] The Salisbury, MD news spoke to a UHY partner about the issue. Accounting enrollment for the past 10 years has been declining by 16.9% according to the National Center for Education Statistics (NCES), the primary statistical agency of the Department of Education.
PYMNTS
MARCH 17, 2020
The federal tax filing deadline in 2020 has been waived in the wake of coronavirus disruptions. But come coronavirus or the Martian measles, taxes will be filed, and refunds issued. But come coronavirus or the Martian measles, taxes will be filed, and refunds issued. It’s About More Than Taxes. It’s unprecedented.
ThomsonReuters
JANUARY 18, 2024
Jump to: What are the roles and responsibilities for accountants? Accountant vs. CPA vs. tax preparer: What are the differences? GAAP and AICPA What issues should accountants be aware of in the profession? How can accountants be more efficient? Accountant responsibilities extend far beyond number crunching.
ThomsonReuters
AUGUST 1, 2023
Thomson Reuters set out to answer that question by surveying more than 100 CPAs who are currently employed as accountants. The results show that tax and accounting professionals know exactly what they want in an employer—and here’s how firms can heed the call. But all that’s changed.
CPA Practice
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Following its acquisition in 2018, Ryan started Future Firm which provides coaching, community and training to help accountants quickly scale a systematic firm of their own that improves their lifestyle. The Unique CPA also hosts monthly webinars and an annual conference for the accounting profession.
CPA Practice
AUGUST 18, 2023
Join SafeSend’s Andrew Hatfield, co-founder and Chief Growth Officer, as he shares the journey of solving pain points experienced on the front-end and back-end of the tax process. Discover the fastest and easiest way get your firm and clients from “tax ready” to “finish & file” using automation.
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