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Tax Preparers Rejoice! Here’s How To Prepare SECURE 2.0 Form 8881 Retirement Tax Credit If You Use Gusto & Guideline

Nancy McClelland, LLC

As a CPA whose company works with loads of small businesses that need to process payroll, I’ve used quite a few payroll systems through the years… and Gusto has become our favorite. Honestly, I randomly stumbled on it when I went into my own Gusto account to run weekly payroll.)

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This Shady Chattanooga Accounting Firm Just Went Down in Flames and Still Owes Staff Months of Pay

Going Concern

Chattanooga Times Free Press has written quite the story about legacy accounting firm Croft & Frost abruptly laying everyone off earlier this week after months of issues making payroll. “There may be a slight delay on the payroll,” he said. Thanks to the tipsters who sent this over because holy s**t.

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Confused about IRS Pub 4557 vs FTC Safeguards Rule, and Which Applies to Your Firm?

CPA Practice

Is it tax firms only, or, do firms who do CAS (with or without Payroll) need to comply as well? All firms who provide tax prep services for their clients are subject to both because providing paid tax preparation services is called out specifically in both publications. and serves as its Chief Executive Officer.

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IRS Starts Accepting Returns and Extends Hours at Tax Assistance Centers

CPA Practice

The IRS reminds taxpayers the deadline to file a 2023 tax return and pay any tax owed is Monday, April 15, 2024. Taxpayers living in Maine or Massachusetts have until April 17, 2024, due to the Patriot’s Day and Emancipation Day holidays. Most tax return preparers provide outstanding and professional tax service.

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Florida Woman Sentenced for Pandemic Loan Fraud, Leased a Bentley with Funds

CPA Practice

The relief programs became targets for fraudulent activity because the loans were guaranteed and then mostly forgiven by the SBA as long as the funds were properly used for overhead, mainly payroll for employees.

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Cost Overruns in Construction Projects And How to Manage Them

Steve Feinberg

One of the main construction bookkeeping differences from other industries is the use of record keeping for “job costing,” wherein managers consult previous prices on materials, labor, insurance, repairs, and other fees to create an informed estimate of how much a job of a similar size will cost to complete.

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Cost Overruns in Construction Projects And How to Manage Them

Steve Feinberg

One of the main construction bookkeeping differences from other industries is the use of record keeping for “job costing,” wherein managers consult previous prices on materials, labor, insurance, repairs, and other fees to create an informed estimate of how much a job of a similar size will cost to complete.