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Monday Morning Accounting News Brief: EY Embarrasses Itself (Again); Archaic IRS Tech; Partners Battle It Out | 2.27.23

Going Concern

. “IRS tech is so ‘archaic’ the agency struggles to find people to work it” from The Washington Post : The Internal Revenue Service, which funds nearly everything the federal government does, uses information technology that is creaking with old age.

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Withum Partner Robert Fried Receives 2023 Tony Honors for Excellence in the Theatre 

Withum

Robert’s career spans over 30 years, in which he has served as an accountant, tax consultant and advisor to countless shows. As a lifelong musical theatre fan, Robert completed the ultimate goal of doing what you love.

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What Happens if a Business Doesn’t File Taxes?

xendoo

A tax accountant can also advise you on deadlines and changes. Here’s a list of common forms and tax filing requirements for businesses and their filing deadlines. For a complete list, we’ve updated our 2023 tax deadlines for businesses here. How Long Can You Go Without Filing Business Taxes?

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Tax Refund in 2021: Why You Still Don’t Have Your Money

LyfeAccounting

For example, if you owe child support, t hen it is very possible that your tax refund in 2021 can be garnished and used to support your other government liabilities. Now you will likely know if the first two happen to you because the IRS will usually send a letter confirming how your tax refund was used to pay your liabilities.

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Business Tax Rates: How Much Do Small Businesses Pay in Taxes?

xendoo

Likewise, employers pay State Unemployment Tax Act (SUTA) taxes to fund state unemployment benefits. Quarterly Taxes (Estimated Taxes) Most sole proprietorships, partnerships, and S corps owners pay estimated taxes to the government on a quarterly basis.