CPA Practice

NOVEMBER 11, 2024

The injunctions also prohibit Dombek from preparing anyfederal tax returns for anyone other than himself and Optimal from preparing certain federal tax returns reflecting such tax plans. Dombek and Optimal consented to entry of the injunctions.

Texas

CPA Practice

JULY 15, 2025

C. New Leadership Models in the CPA Profession Traditionally, the key person in a CPA firm was the individual handling the technical work—whether tax preparation or auditing. Non-CPA buyers recognize this reliability as a key factor in making acquisitions viable. However, there has been a shift in the mindset.

cpa firm

Accounting Today

AUGUST 4, 2025

The February deadline applies to: Any individual, business or tax-exempt organization that has a valid extension to file their 2024 return due to run out on Oct. Quarterly estimated income tax payments normally due on Sept. Quarterly payroll and excise tax returns normally due on July 31 and Oct. All rights reserved.

New Mexico

Accounting Today

JULY 24, 2025

Sole owner of Zion Outfitter, an outdoor retailer in Springdale, Utah, he handled the company finances and provided CPAs with information and records to prepare tax forms to submit to the IRS. He underreported his taxable personal income, which resulted in his evading at least $1.9 million in income tax.

Tax

Accounting Today

JUNE 19, 2025

EDT 5 Min Read Facebook Twitter LinkedIn Email Seeking shelter; please be Gentle; where the heart is; and other highlights of recent tax cases. Nixa, Missouri: Tax preparer Tina Louise Yager has pleaded guilty to making false and fictitious claims against the U.S. All rights reserved. and to wire fraud. Herman Estes Jr.

Tax

Accounting Today

JULY 22, 2025

Trout CPA ( [link] ): Handy rundown of current tax law versus OBBBA. The Tax Times ( [link] ): What reform means for GILTI and U.S. Parametric ( [link] ): And the bills impact on mid-year tax planning. Taxable Talk ( [link] ): In this years World Series of Poker, zero is the best tax number. All rights reserved.

E-commerce

Accounting Today

JUNE 5, 2025

CPA Timothy Trifilo has been sentenced to 20 months in prison for making a false statement on a mortgage loan application and for not filing an income tax return. For a decade, he did not file federal income tax returns nor pay taxes owed despite earning more than $7.7 Philadelphia: Tax preparer James J.

Tax

Accounting Today

AUGUST 8, 2025

Samuel Corum/Bloomberg The Internal Revenue Service wont adjust current income-tax withholding levels for workers and employers to account for President Donald Trumps new tax law, delaying savings from retroactive cuts for most taxpayers. All rights reserved.

Technology

ThomsonReuters

JULY 21, 2025

For tax professionals, this change brings with it both opportunity and complexity, whether it’s deciphering federal changes, navigating a mix of state conformity, or managing client expectations. When the federal government enacts a tax provision, states must decide whether (or how) to incorporate it.

tax preparation

CTP

JANUARY 17, 2025

This refundable tax credit was designed to help businesses whose employees were impacted by the COVID-19 pandemic, but within just a few years, the government had detected over $2.8 Taxpayers and tax preparers alike will want to check the news to keep tabs on the credits and deductions the IRS is currently scrutinizing.

audit

Accounting Today

JUNE 6, 2025

The upgraded income tax return solution now includes enhanced client onboarding workflows that allow firms to create multiple engagements in bulk to accelerate onboarding. All rights reserved. The new AI document assistant transforms lengthy documents into actionable insights by extracting key details.

Technology

Accounting Insight

MAY 2, 2025

These virtual personal tax assistants handle a variety of tasks traditionally done manually, such as: Collating documents and identifying and extracting tax-related information from a simple one-page P60 through to 200-page tax packs. Entering all the data accurately in CCH Personal Tax Preparing and filing tax returns.

Technology

Accounting Today

JUNE 26, 2025

Hartford, Connecticut: Tax preparer Clyde Gibson Jr., 43, has pleaded guilty to tax fraud. From at least 2015 into 2024, Gibson was a tax preparer under the name Build Understand Destroys LLC. He prepared thousands of federal returns, many of which claimed false deductions. All rights reserved.

Tax

CPA Practice

AUGUST 5, 2025

The firm provides tax advisory, tax consulting, tax preparation, valuation, outsourced back-office accounting, fractional CFO, litigation support, and startup business services. Since then, Prosperity Partners has added offices in Kansas City , Houston , Philadelphia, Santa Barbara, CA , Detroit, Washington, D.C.,

Virginia

CPA Practice

JULY 1, 2025

has offered a wide range of tax preparation services and a full line of financial accounting, reporting, and attestation services to a variety of clients, including financial institutions, manufacturing and construction companies, privately owned businesses, and not-for-profit organizations. Since 1994, Flynn & Co.

Ohio

Going Concern

JULY 10, 2025

TAX CANDIDATES FTE Tax and Advisory | Candidate ID #24421361 Certifications: CPA Education: BBA Accounting Experience (years): 30 years accounting experience Work experience (detail): 10+ in public accounting Manages a book of clients, tax prep, sign off, advisory Leads client tax planning and transaction advisory Researches and presents tax savings (..)

Real Estate

ThomsonReuters

JULY 21, 2025

Jump to ↓ How OBBBA is impacting federal tax policy Strategic implications in a shifting political landscape What tax professionals should do now to manage the OBBA impact For tax professionals, the newly signed One Big Beautiful Bill Act (OBBBA) of 2025 has significant impacts for client tax planning and compliance.

Tax

Accounting Today

JULY 11, 2025

By Jeff Stimpson July 10 Tax Smith+Howard starts new tax practices Smith + Howard, an Atlanta-based Top 100 Firm, has opened two new tax practices: site selection + incentives and state and local income tax consulting. All rights reserved. By Michael Cohn July 10 Like what you see?

Technology

Accounting Today

JULY 11, 2025

By Jeff Stimpson July 10 Tax Smith+Howard starts new tax practices Smith + Howard, an Atlanta-based Top 100 Firm, has opened two new tax practices: site selection + incentives and state and local income tax consulting. All rights reserved. By Michael Cohn July 10 Like what you see?

Technology

Accounting Today

JUNE 9, 2025

billion in fraudulent earned income tax credits given out, which represented about a third of the tax returns that had the EITC credit on there. They estimate that 96% of those payments were attributable to a non-credentialed preparer. All rights reserved. What are some of the things you were hearing?

Washington

Accounting Today

JULY 10, 2025

For the "Standard" option, Brown had his preparers falsely claim sick and family leave credits and other false items. Brown and other ghost preparers who worked with him falsified 63 federal income tax returns for clients, causing the Treasury to issue $1,003,631 in false tax refunds. All rights reserved.

Tax

Accounting Today

JULY 21, 2025

Grand Prairie, Texas: Four tax preparers convicted of defrauding the IRS of nearly $8 million have been sentenced to a combined 105 months in prison. Adenisimi pleaded guilty last year to falsely preparing returns and admitted to fraudulently obtaining two Paycheck Protection Program loans totaling $760,415. income tax return.

Rhode Island

Accounting Today

JULY 15, 2025

The bill said that you had to have the asset placed in service by 2027 but also you had to start construction on that facility within one year of the enactment date," said Ian Boccaccio, principal and income tax practice leader at tax firm Ryan. "If companies from this tax increase in the European Union, will be made permanent.

Tax

Accounting Today

AUGUST 4, 2025

These multi-hustles can range from hobbies like selling baseball cards on up to truly working multiple jobs at once, and its making those individuals financial, accounting and tax situations far more difficult. Traditionally, accounting firms may have offered a personal income tax return option along with a business owners C corp tax returns.

Account

Accounting Today

JUNE 24, 2025

The Wandering Tax Pro ( [link] ): What politicos dub "tax reform" just adds complexity to the code. How any "new Internal Revenue Code must acknowledge and confirm that the one and only purpose of the federal income tax system is to raise the money necessary to fund the government." By Michael Cohn 4h ago Tax House vs.

tax preparation

Accounting Today

JUNE 18, 2025

Since Ryan is a global tax consulting firm, he has been working with the firms Australian, Canadian, European, and U.S. We look at the tariffs that are being paid and we say, how are these impacting other tariffs, or how are these tariffs impacting other tax types? All rights reserved. teams of customs and duties experts.

Technology

Accounting Today

JUNE 25, 2025

With the IRS workforce reduced by 26% and significant tax law changes on the horizon, there are risks to next years filing season," Collins said. "It It is critical that the IRS begin to take steps now to prepare." All rights reserved. More than 95% of processed returns were e-filed and some 62% resulted in refunds.

Technology

Accounting Today

JULY 10, 2025

By Jeff Stimpson 5h ago Tax Smith+Howard starts new tax practices Smith + Howard, an Atlanta-based Top 100 Firm, has opened two new tax practices: Site Selection + Incentives and State and Local Income Tax Consulting. All rights reserved.

audit

Accounting Today

JULY 10, 2025

By Jeff Stimpson 5h ago Tax Smith+Howard starts new tax practices Smith + Howard, an Atlanta-based Top 100 Firm, has opened two new tax practices: Site Selection + Incentives and State and Local Income Tax Consulting. All rights reserved.

auditor

Accounting Today

AUGUST 6, 2025

By Michael Cohn 3h ago Technology Bloomberg T&A adds feature for ASU 2023-09 compliance Bloomberg Tax and Accounting launched an embedded solution to help users adhere to the FASB Accounting Standards Update that concerns income tax disclosures. All rights reserved.

Technology

CPA Practice

JULY 14, 2025

OBannon Four tax preparers convicted of defrauding the IRS of nearly $8 million have been sentenced to a combined 105 months in federal prison, the acting United States Attorney for the Northern District of Texas Nancy E. The estimated loss to the IRS from these false tax returns totaled more than $7.5 in restitution.

tax preparation

Accounting Today

JULY 11, 2025

GEORGIA Shelly Carmichael Smith + Howard, Atlanta, launched two new tax practices: site selection + incentives, led by Shelly Carmichael, and state and local income tax consulting, led by Brandee Tilman. All rights reserved. Read the full story.) ILLINOIS Jason Van de Loo was appointed CEO at Choreo, Chicago.

Oklahoma

Accounting Today

JULY 15, 2025

The February deadline applies to: Any individual, business or tax-exempt organization that has a valid extension to file their 2024 return due to run out on Oct. 15, 2025; Quarterly estimated income tax payments normally due on Sept. 15, 2026; Quarterly payroll and excise tax returns normally due on July 31, Oct.

Texas

Accounting Today

JULY 10, 2025

By Jeff Stimpson 5h ago Tax Smith+Howard starts new tax practices Smith + Howard, an Atlanta-based Top 100 Firm, has opened two new tax practices: Site Selection + Incentives and State and Local Income Tax Consulting. All rights reserved.

Technology

CPA Practice

AUGUST 1, 2025

million in tax preparation fees in its first year and was on track to save $11 billion per year “at scale.” Since reports of the IRS’ plan to axe the program emerged, several Democrats have expressed their disapproval. They said it had saved $5.6

Technology

MyIRSRelief

JANUARY 16, 2023

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.

tax preparation

MyIRSRelief

OCTOBER 30, 2023

Income Tax Return for Estates and Trusts, is a complex tax form that is used to report the income and expenses of estates and trusts. Trust tax preparation can be a challenging task, even for experienced tax preparers. Third, a tax preparer can help you to avoid costly tax penalties and errors.

tax preparation