Accounting Today

JULY 23, 2025

A game-changing tech tool that represented a quantum leap from phone communication, email has been a welcome development for both CPAs and their clients. By Michael Cohn July 22 Tax House GOP appropriations bill would slash IRS funding House Republicans have introduced a spending resolution that would slash IRS funding by around $2.8

Technology

CPA Practice

NOVEMBER 19, 2024

In the accounting world, burnout is especially common during tax busy season. Tax season often feels like a “necessary evil” for the success of your firm, bringing with it a lot of stress. By stepping up your planning and management game, you can take control and make tax season more manageable.

Tax

Accounting Today

JULY 28, 2025

And I think if youre a small to medium sized regional firm, to be able to get access to some of the best talent, the best technology and the best tools out there is really a game changer. (03:03): All rights reserved. 03:03): Yeah, one piece of advice is just alignment. Alignment on the vision. Like what you see?

Technology

Accounting Today

JUNE 23, 2025

I had worked my butt off for a year and I got an $800 raise, which if you do the math after taxes, its like $50 a week. You have your starting pitchers, you have your relief pitchers, you have your shortstop batting third, and then you have your right fielder whos batting eighth, but nobody ever won a ball game without a right fielder.

accounting firms

Accounting Today

JULY 16, 2025

With automation, 77% see AI as a game-changer for marketing and customer engagement. Source: PR Newswire ) Why this is important for your firm and clients: I agree that AI is a game-changer and that it will have a big impact on small businesses. All rights reserved. But I dont believe its having that impact yet.

Technology

Mark Lee

MARCH 4, 2025

You need to win and retain the right clients, manage your business, stay on top of changes, and ensure you are making sufficient profits – all while keeping up with changes in tax and accounting law and practice (not just MTD!). This is where having a mentor can be game-changing. Provide a sounding board for ideas and challenges.

Account

Accounting Today

AUGUST 4, 2025

The larger workforce that you carry, you have to figure out a way to keep people busy, in and out of your normal tax season. By Michael Cohn 7m ago Tax New Mexico weather victims get tax relief The IRS is pushing back filing and payment deadlines for individuals and businesses in the state affected by severe storms, flooding and landslides.

Technology

Going Concern

APRIL 4, 2025

Tax IRS: 7,000 probationary workers will return to their jobs in next 10 days [ Journal of Accountancy ] About 7,000 probationary IRS workers who lost their jobs in February and were placed on administrative leave in March will return to work later this month, according to an email they received Tuesday. It’s free!

Tax

Accounting Today

JUNE 10, 2025

899; IRMMA tactics; and other highlights from our favorite tax bloggers. Why lawmakers ought to adopt a simple reform that would raise revenue and make the Districts business tax system fairer. Tax Talk: ( [link] ): OBBBA wont be so beautiful for foreign persons if IRC Section 899 becomes reality. All rights reserved.

tax preparation

Accounting Today

JULY 15, 2025

billion from video game and electronics retailer GameStop Corp. By Daniel Hood 11h ago Tax More winners and losers from the Trump tax bill Many of the provisions of the OBBBA benefit businesses, but colleges and universities will take a hit, as will companies in renewable energy. All rights reserved. billion and $11.6

audit

Accounting Today

JULY 18, 2025

The Guardians will recognize the gift in a pre-game ceremony at Progressive Field on July 18, which will include Cohens grandson throwing out the first pitch. All rights reserved. relocate offices; and more news from across the profession. Cohen & Co., Community Foundation, in honor of Cohen & Co.s

Indiana

ThomsonReuters

DECEMBER 6, 2023

James Creech, a senior manager with Baker Tilly’s tax advocacy and controversy team, explained that the origin of the current issues with the ERC can be traced back to before the health emergency and the absence of tax preparer oversight. “Tax preparation is kind of the Wild West,” Creech began.

tax preparation

MyIRSRelief

DECEMBER 6, 2024

But beneath its glamorous surface lies a practical reality: taxes. Whether youre an individual chasing the California dream or a business owner navigating the complexities of the entertainment industry, tax obligations are an unavoidable part of life in this vibrant city. Habibs credentials as an Enrolled Agent set him apart.

tax services

Accounting Today

NOVEMBER 22, 2024

Captive audience; some disagreement; game of 21; and other highlights of recent tax cases.

Tax

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.

tax preparation

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. She also failed to file her own tax returns during that time period. District Judge Clay Land. Attorney Peter D.

tax preparation

CPA Practice

NOVEMBER 20, 2024

In the accounting world, burnout is especially common during tax busy season. Tax season often feels like a “necessary evil” for the success of your firm, bringing with it a lot of stress. By stepping up your planning and management game, you can take control and make tax season more manageable.

Tax

ThomsonReuters

APRIL 4, 2022

Sure, your firm’s tax compliance software does its job, but you know that there’s room for significant improvement. Tax season can obviously be a hectic and stressful time, but eliminating time-consuming tasks, and streamlining and automating the tax workflow would be transformative for you and your staff.

Tax

MyIRSRelief

DECEMBER 2, 2024

The Benefits of Outsourcing Bookkeeping for Small Business Growth Outsourcing bookkeeping has become a game-changer for small businesses looking to streamline operations, cut costs, and focus more on growth. This expertise can be especially valuable during tax season or audits, where precision is critical.

bookkeeping

CPA Practice

SEPTEMBER 5, 2024

By Sam Janesch Baltimore Sun (TNS) Marylanders who have relatively straightforward tax returns will have the chance to ditch independent—and sometimes costly—tax preparers and instead file their federal taxes directly with the IRS for free in 2025, state and federal officials said Wednesday.

Maryland

CPA Practice

AUGUST 28, 2024

CPA Practice Advisor has announced the 2024 Tax and Technology Innovation Award winners and finalists. After voting by the awards committee panel each year, the top five products are presented as winners of the Tax and Accounting Technology Innovation Awards. In 2004, under the editorial leadership of Gregory L.

Technology

CPA Practice

NOVEMBER 15, 2023

Ignition , a platform for professional services to get paid faster and run smarter, has expanded its strategic partnership with Intuit by integrating with ProConnect Tax , a cloud-based tax software. They can save time by sending tax engagements in bulk, eliminate AR by automating payments, and seamlessly connect workflows.”

quickbooks

Insightful Accountant

NOVEMBER 12, 2024

Stanford Tax offers a game-changing approach to gathering tax information for accounting firms, streamlining the collection process and improving accuracy. This innovative tool transforms tax preparation.

Tax

ThomsonReuters

NOVEMBER 8, 2022

The answer lies in implementing an end-to-end tax workflow automation solution backed by an integrated technology ecosystem. Identify all the steps in your tax workflow process, including all systems and software you and your staff use on a daily basis. Standardize your tax workflow. Tax preparation. The result?

Technology

CTP

FEBRUARY 20, 2024

By Dominique Molina, CPA MST CTS You’re in the business of tax planning, and you pride yourself on being the go-to expert for navigating the complex world of taxes. It’s a widespread belief, but it barely scratches the surface of what tax planning can do.

tax planning

SkagitCountyTaxServices

AUGUST 26, 2021

One thing you can expect from me come rain or shine is to keep you in the loop on changes to all things tax-related. There are some important changes to small business tax deductions rolling out, and not all deductions apply to all Skagit County businesses. This week is no exception. ” – John W. ” – John W.

business tax

CPA Practice

JANUARY 24, 2023

John McCarthy, CPA ( @johnmccarthycpa on Twitter) is the founder of McCarthy Tax Preparation , a virtual firm based out of Cincinnati, Ohio which states it was “created for advisors who don’t like taxes.” Some games are finite, with a beginning, an end, & agreed rules. based out of Winnipeg, Manitoba, Canada.

Account

Going Concern

MARCH 16, 2023

” Raising salaries to levels that would put accounting back in the game as an attractive major to students is indubitably a hardship for firms. Among the top 10 percent of jobs most likely to be automated: insurance underwriters, tax preparers, loan officers, credit analysts, and accounting professionals.

accounting firms

Analytix Finance & Accounting

DECEMBER 30, 2024

As a CPA firm, you already know that tax season brings the need for organization, meticulous attention to detail, and efficient processes to ensure success. Balancing the need for precision while meeting tight tax deadlines can inadvertently result in errors. All of these serve to highlight the importance of preparation for tax firms.

cpa firm

Accounting Today

NOVEMBER 22, 2022

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Gaming

Going Concern

MARCH 21, 2023

TurboTax and QuickBooks are full of rudimentary AI features and already have reduced the need for some bookkeepers and tax preparers. The products can sort accounts, predict the other side of a journal entry, and populate a tax form with high accuracy. It isn’t just another game, it’s a different sport.

Account

CPA Practice

SEPTEMBER 27, 2024

This applies both to audit and tax work. Services like Black Ore for tax automation will remain in touch with the user and expect the tax preparer to review and annotate tax documents, all the while freeing up the tax preparer to devote more time to more lucrative advisory services.

New York

CPA Practice

AUGUST 29, 2024

Here are the rules and expectations: Candidates should be working in the accounting field, or supporting the field (public, private, tax preparation, consulting, academia, government) and have not turned 40 as of Oct. Nominees must have not turned 40 by Oct.

Education

SkagitCountyTaxServices

SEPTEMBER 16, 2020

But here’s something that doesn’t HAVE to be unexpected: making further proactive moves to minimize your taxes for this year. With an entire quarter left, there is still time to make positive moves to save your Mount Vernon business on its taxes — and, of course, on your personal return as well. Gary Hopkins.

tax preparation

ThomsonReuters

JULY 25, 2023

To keep pace in an increasingly competitive landscape, forward-looking firms are investing in artificial intelligence (AI) solutions to automate tax workflow, open up additional revenue streams, and better serve clients. If your firm is considering an investment in tax technology, the time is now. IRS.gov).

Technology

ThomsonReuters

JUNE 8, 2023

Tax season can be a hectic time for tax professionals, but the off-season is a perfect opportunity to take stock of your practice and make sure you’re ready for the upcoming year. These programs also provide self-help resources for those needing guidance with taxes.

Tax

LyfeAccounting

JUNE 9, 2021

All it takes to use this cryptocurrency tax loophole is a click of a button and it works for all cryptocurrencies at the moment. Our goal for today’s post is to explain the cryptocurrency tax loophole in an easy-to-understand manner, so you can benefit from it. The Cryptocurrency Tax Loophole. Let’s dive in. Wrapping Up.

Tax