Accounting Today

JULY 24, 2025

West Long Branch, New Jersey: Resident Matthew Tucci has pleaded guilty to tax evasion. For 2015 and 2016, he filed tax returns that stated he owed more than $2 million in taxes for both years but did not fully pay the taxes. based tax prep firms, businesses and individuals. million in taxes.

Tax

MyIRSRelief

JUNE 13, 2025

To verify a tax professional, use the IRS Directory of Federal Tax Return Preparers (irs.gov) or check state licensing boards. Payroll Tax Solutions: Resolving IRS and state payroll tax disputes, critical for businesses. How Mike Habib EA Stands Out Choosing a tax professional is about trust.

Tax

Accounting Today

JUNE 6, 2025

The new client hub (currently in beta) provides a centralized view of client information, files, folders and projects so firms gain access to the details they need to move work forward. The new AI document assistant transforms lengthy documents into actionable insights by extracting key details.

Technology

Going Concern

NOVEMBER 22, 2024

The Australian Financial Review Top 100 Accounting Firms list for 2024 shows countries such as India and the Philippines have become key hubs for preparing the tax returns and financial reports of corporate Australia, including high-level, potentially sensitive work. A Great Resignation 2.0 The two men received over $1.5

auditor

Going Concern

JUNE 30, 2025

State lawmakers in Pennsylvania and Delaware each voted on Thursday to pass their respective CPA pathways legislation, joining a growing number of states enacting new laws to provide alternative routes to obtaining a certified public accounting license and ease the accounting shortage. And this was prevalent across government.

accounted

Shay CPA

JUNE 25, 2025

Check box on Tax Return – Address Change Inform your accountant to check the ‘Address Box’ change when submitting your business tax returns with the IRS and State authorities. This ensures that state tax documents, returns, and any relevant notices are sent to the correct address.

CPA

Accounting Today

JUNE 23, 2025

We just kept growing and we were primarily a New York City and Long Island based firm. So we also wanted to get out of our, just being a New York based firm, so we sat down and came up with a business plan that was totally based on geography at that point. (17:17): We did tax returns by hand.

accounting firms

Accounting Today

JUNE 9, 2025

So youre in New York, you get a job in California, you relocate. 20 years ago when I moved from New York to Florida, I moved my business down here. One in particular was Mike Lawler, who is I believe from the Westchester Rockland area just north of New York City. New York is a three year cycle.

Washington

Accounting Today

JULY 21, 2025

IRS records analysis confirmed that the defendant did not file income tax returns for 2015 and 2016, but he eventually prepared and filed those documents two years later, in April 2018. income tax return. income tax returns and falsely reported that the $150,000 payment was for legal fees. Sentencing is Aug.

Rhode Island

Accounting Today

JUNE 26, 2025

New York: CPA Kimberly Johnson, Bronx, indefinite from Nov. Klein, in New City, New York, (effective July 22, 2024). San Jose, California: Execs Lalo Valdez and Matthew Olson have pleaded guilty to not paying over employment taxes to the IRS. Gordon, Raymond, indefinite from Feb. Missouri: CPA William R.

Tax

Going Concern

APRIL 11, 2025

Asset Management and PE Practices [ INSIDE Public Accounting ] KPMG LLPof New York has announced three new leaders for its U.S. sector leader for asset management; David Neuenhaus appointed tax sector leader for asset management; Matt Giordano appointed audit sector leader and audit service line leader for asset management.

audit

Accounting Today

JULY 2, 2025

Was This Convicted Tax Return Preparer Courageous or Foolish?" CLA ( [link] ): Real-estate-owning clients looking for ways to streamline tax compliance and enhance deductions can look to an often-overlooked strategy: the de minimis safe harbor election. Avalara ( [link] ): An updated list of states sales tax holidays.

North Carolina

Withum

JULY 23, 2025

The OBBBA also preserves the Pass-Through Entity Tax (“PTET”), meaning the federal deductibility of state and local taxes (“SALT”) paid at the entity level. This expansion is particularly relevant to pass-through entities in high tax jurisdictions such as New York and New Jersey. million per individual ($27.98

Construction

Accounting Today

JUNE 25, 2025

EDT 3 Min Read Facebook Twitter LinkedIn Email The Bonadio Group's office building in Buffalo, New York The Bonadio Group, a Top 50 Firm based in Pittsford, New York, is taking aim at the growing problem of elder financial abuse by helping protect senior citizens. I have this concern, and that gets eyes on it.

Technology

CPA Practice

DECEMBER 19, 2023

Firearms and ammunition are already subject to New York sales tax. If New York State Senate Bill 7733 is enacted, it will place an additional excise tax on the sale of firearms and ammunition in the Empire State. Will New York tax all guns and ammunition? By Gail Cole.

New York

MyIRSRelief

MAY 19, 2023

New York is known for being a hub of commerce, culture, and innovation, attracting businesses and individuals from all over the world. With this bustling economy comes a complex tax system, which can be overwhelming and confusing for many taxpayers. Contact us for tax help today. Contact us for tax help today.

New York

CPA Practice

JULY 17, 2024

A federal court in the Eastern District of New York issued a permanent injunction yesterday against a Brooklyn, New York, tax return preparer. 5, Jacob pleaded guilty to aiding and assisting in the preparation of a false tax return. 1, 2019, to the present.

New York

CPA Practice

MAY 8, 2023

That idea is supported by migration data, recently released by the IRS, showing that taxpayers are leaving notoriously high-tax states like California and New York and choosing to live instead in low-tax states. New York and California gained some residents, but far fewer than the numbers lost.

New York

CPA Practice

SEPTEMBER 10, 2024

3, 2025, to submit a variety of tax filings and payments, the Internal Revenue Service announced on Tuesday. The extended deadlines are limited to flood-damaged areas of Fairfield, New Haven and Litchfield counties in Connecticut, as well as Suffolk County in New York that sustained damage in the historic Aug.

Connecticut

CPA Practice

APRIL 11, 2024

The Justice Department is advising taxpayers to choose their return preparers wisely as the April 15 federal tax filing deadline approaches. Unscrupulous preparers who include errors or false information on a tax return could leave a taxpayer open to liability for unpaid taxes, penalties and interest.

tax return

TaxConnex

JANUARY 19, 2023

That’s personally responsible, as many states’ sales tax registration forms ask for Social Security or driver’s license numbers (or both) of at least one corporate officer or executive. Owners’ individual tax returns have occasionally been compared to those of the company for evidence of “material involvement” in the business.

Wisconsin

TaxConnex

DECEMBER 7, 2021

Rolling the dice with sales tax compliance can backfire in a big way. Keep reading to see some recent sales tax missteps that had big costs. Tax air-or. New York: A Long Island provider of self-service, coin-operated air machines to inflate car tires has been socked with a $4.25

Alabama

TaxConnex

DECEMBER 12, 2023

Most states’ sales tax registration forms ask for Social Security or driver’s license numbers (or both) of at least one corporate officer or executive. And in a case similar to one that might have involved sales tax, the president of a corporation was properly held liable for the corporation’s unpaid Ohio personal withholding taxes.

Sales

CPA Practice

AUGUST 6, 2024

TNS) More than 1 million New York families will begin receiving child tax credit checks this week. The checks will be delivered to families who received the Empire State Child Credit in the 2023 tax year. Filers are eligible for the credits if they have children under age 17 and qualify for the federal child tax credit.

New York

TaxConnex

DECEMBER 10, 2020

States may be getting tougher on sales tax delinquents as the pandemic drags on and tax revenues, in many places, take hits. Just ask Fiorella’s Landscaping in western New York. area company must pay back more than $95,000 after pocketing sales tax money owed to the state, according to authorities.

Sales

Withum

SEPTEMBER 2, 2022

New York City’s tax code was amended on August 31, 2022, to harmonize a number of the City’s provisions with New York State. New York City Corporate Economic Nexus. This legislation does not apply to New York City Unincorporated Business Tax or General Corporation Tax.

New York

Accounting Today

MARCH 7, 2024

New York State and the Internal Revenue Service have developed a new program that allows eligible New Yorkers to e-file their federal and state personal income tax returns for free.

New York

CPA Practice

OCTOBER 17, 2023

According to the IRS, Arizona, California, Massachusetts, and New York have decided to work with the agency to integrate their state taxes into the Direct File pilot program for the 2024 filing season. A free, government-run, online tax-filing system for taxpayers has been talked about as a possibility for many years.

tax return

TaxConnex

APRIL 30, 2024

A: States always think a tax-revenue avenue is a good idea. Minnesota is the only other state with official plans to roll out an RDF, but Illinois and New York are also discussing them. As they begin to roll out these fees, states are taking lessons from Colorado – but as with everything about sales tax, details vary by state.

Retail

CPA Practice

MARCH 24, 2023

Residents and businesses in five New York counties affected by recent winter storms now have until May 15, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service has announced. 9, 2023, will be abated as long as the tax deposits were made by Jan.

New York

TaxConnex

JANUARY 11, 2024

TikTok has told The New York Times that it has already signed up 200,000 sellers to Shop and that more than 100,000 creators could make videos and livestream with shopping buttons. Can you depend on Shop’s calculation of sales tax? Is TikTok Shop a marketplace or eCommerce platform?

Sales

Accounting Today

OCTOBER 14, 2022

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tax return

Shay CPA

JULY 26, 2023

An Overview of START-UP NY, QETC, and Life Sciences R&D Tax Credit Program New York has long been a global hub for finance, fashion, and food. A QETC is defined as a company located in New York State with total annual product sales of $10 million or less. The credit is available for three consecutive years.

New York

TaxConnex

DECEMBER 23, 2021

The Sales Tax Institute reports that Maine, Illinois, California, Massachusetts, Wisconsin and Washington have been the most aggressive states in sending notices and audit requests. Industry observers look for New York, Ohio and New Jersey to soon intensify enforcement. Get to work on this first and fast.

audit

TaxConnex

AUGUST 1, 2023

Where was the sale made (and did it incur sales tax based on destination or origin )? When was the return made? What was returned? What extra charges were involved in the return? Have you already filed your sales tax return based on the original amount of sales tax charged?

Sales

CPA Practice

DECEMBER 19, 2023

The start of a month typically brings some number of tax-related changes. Erie County, New York, exempts energy sources and services New York state sales tax doesn’t apply to retail sales of residential energy sources and services, but local sales tax does apply in many jurisdictions, including Erie County.

South Carolina

TaxConnex

JULY 15, 2021

percent sales tax created three years ago to address a budget crisis, has been sent to the governor for executive approval. Maryland is offering a vendor credit of up to $3,000 on sales tax returns for the months of March, April and May 2021. Previously, New Mexico was an origin-based sourcing state.

Sales