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How the “Wild West” of Tax Preparation Led to Massive ERC Issues

ThomsonReuters

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.

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Georgia Tax Preparer Pleads Guilty to Federal Tax Fraud Charges

CPA Practice

(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.

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Best Tax Preparation Software for Small Business: What Tax Software to Choose?

Snyder

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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Redefining Tax Strategy Beyond Retirement Savings: Unveiling the Full Potential of Tax Planning

CTP

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.

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Tax practice tune up: five tips for the off season

ThomsonReuters

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.

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Ignition and Intuit Expand Partnership

CPA Practice

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.”

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4 Keys to Selling Your Boss on New Tax Compliance Solutions

ThomsonReuters

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.

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