CPA Practice

JANUARY 29, 2024

It’s back to regular IRS deadlines this year, but with a new tool for many low- and moderate-income households: a service that will prepare and file their tax returns online for free. And its chat feature can provide answers to basic tax questions in real time from IRS customer service representatives.

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ThomsonReuters

APRIL 25, 2024

Navigating state taxes on retirement income is a critical aspect of financial planning for retirees. While federal tax rules apply uniformly across the country, state tax rules can vary widely. Jump to: • State tax on retirement income • Which states do not tax retirement income?

South Dakota 52

South Dakota Rhode Island New Hampshire Wyoming 52

CPA Practice

APRIL 11, 2024

By Jean Ross, InsideSources.com (TNS) If there’s one thing we should be able to agree upon, it’s that everyone should pay the taxes they owe without having to pay for the privilege of doing so. This year, for the first time, residents of 12 states who file simple tax returns can file online for free using the IRS’s new Direct File portal.

Tax 52

Tax tax return income tax Arizona 52

CPA Practice

MAY 5, 2023

Kirsten Gillibrand (D-New York) is demanding the IRS pay up. Advertisements touting it for individual taxpayers and businesses in the current tax year have been abundant online. It is also no longer available, and new applications are only being processed to adjust tax filings for the 2020 and 2021 tax years.

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payroll tax preparation Tax New York 114

Withum

NOVEMBER 28, 2023

With the year coming to an end, it’s essential to kickstart your 2023 tax preparations and start thinking about tax-saving techniques, potential opportunities, and the recent legal modifications that might impact your tax obligations. Mucenski-Keck Principal New York, NY Kimberlee S.

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CPA Practice

MAY 11, 2023

New York Total Number of Accounting Jobs Available: 10,213 Total Number of Finance Jobs Available: 9,244 Accounting and Finance Average Salary : $117,000 Average World University Rankings Accounting and Finance Score: 79.70 They also determined the best-paying jobs for finance graduates. Finance Career Score /10: 9.65 2.

Account 104

Account accountant accounted accounting and finance 104

CPA Practice

MARCH 12, 2024

The American Institute of CPAs and CPA.com announced the participants of its 2024 Startup Accelerator program, which will kick-off this week at a meeting at their headquarters in New York. The Startup Accelerator supports the growth of early-stage technology companies benefiting the accounting and finance ecosystem.

cpas 52

cpas Technology accounting and finance audit 52

Accounting Insight

MARCH 3, 2023

As digital transformation continues to accelerate the evolution of tax and accounting, the players who expedite their embrace of these six tech trends will have an early mover advantage. And governments around the world – 136, to date – have also already agreed to adopt the 15% minimum corporate tax.

Tax 52

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CPA Practice

DECEMBER 11, 2023

Source: [link] Personalized Tax Compliance and Advisory Services : AI will enable accountants to offer clients personalized tax compliance and advisory services. AI-powered platforms will help individuals and businesses comply with complex tax regulations, optimize tax strategies, and minimize tax liabilities.

Technology 124

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PYMNTS

MAY 5, 2019

The calls, which came in the form of letters sent to the IRS and FTC from presidential hopefuls Senator Elizabeth Warren and Bernie Sanders among other lawmakers, stem from allegations the companies didn’t promote free government tax preparation options to customers, reported CNBC. TaxSlayer, FreeTaxUSA, and 1040.com

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CPA Practice

NOVEMBER 9, 2023

Financial and tax software maker Intuit has added new updates to its professional line of products and services, including Intuit Tax Advisor , Intuit ProConnect Tax , Intuit Lacerte Tax , and Intuit ProSeries Tax , for the upcoming tax year.

Real Estate 52

Real Estate tax return quickbooks Tax 52

Going Concern

FEBRUARY 9, 2024

Big 4 Big Four Lobby Congress on Accounting Pipeline, AI, Crypto [ Bloomberg Tax ] PwC spent the most at $3.27 In a summary of the report, Linklaters said six unidentified partners outside Australia should have asked where the tax information had come from and that disciplinary action had been taken against them. “Win big?

Technology 84

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Going Concern

JULY 28, 2023

Upon graduation, Mr. Seidman joined the accounting firm of Apfel and Englander and thereafter enrolled in night school at New York University, where he earned a law degree and served on the law review. He was drafted into the army in 1952 and returned to the accounting firm in 1954.

Gambling 84

Gambling audit Technology accounting firms 84

Going Concern

MARCH 24, 2023

Tax The IRS plans to tax some NFTs as collectibles — and the rich would pay up to 28% on profits [ CNBC ] The IRS said it plans to tax some non-fungible tokens, or NFTs, as collectibles akin to art or gems — an approach that would tax profits for wealthy owners at a higher rate relative to assets such as stocks, real estate and cryptocurrency.

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auditor audit Entertainment Real Estate 97

MyIRSRelief

MAY 15, 2024

Nonprofit Tax Service by Mike Habib, EA Nonprofit organizations play a crucial role in society, offering valuable services and advocacy. However, managing tax compliance can be a significant challenge due to the complex nature of tax laws and regulations. Get professional help by calling us at 1-877-78-TAXES [1-877-788-2937].

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PYMNTS

MARCH 2, 2020

As the leader in DIY taxes, TurboTax has been dealing with escalating competition from Credit Karma, which is now a leading financial app among younger customers. Credit Karma started offering a free tax filing service in 2017. Credit Karma’s tax filing market share is growing at a rate of 3 percent.

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tax preparation Tax New York California 52

Going Concern

SEPTEMBER 22, 2023

Michael Harlow to Lead Cannabis Practice at CohnReznick [ INSIDE Public Accounting ] New York-based IPA 100 firm CohnReznick LLP (FY23 net revenue of $920 million) has named Michael Harlow as leader of its cannabis industry practice. Greiner was a client-relationship manager for Croft and Frost for a year and a half.

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audit accounting and finance Virginia auditor 87

Going Concern

NOVEMBER 11, 2022

India Launches Audit Inspections After Spate Of Scandals [ Bloomberg Tax ]. India’s accounting watchdog on Friday published new audit quality inspection guidelines, as the country’s regulators continue to clamp down after a flood of scandals. Individuals also rely on CPAs for tax preparation, financial planning, and strategic advice.

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Going Concern

SEPTEMBER 1, 2023

The professional and business service sector added 19,000 jobs, including 2,700 in accounting, tax preparation, bookkeeping and payroll services. Law & Order Co-Owner of Media Brokerage Firm Pleads Guilty to Filing a False Tax Return [ Department of Justice ] According to court documents and statements made in court, Susan K.

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Account accountant accounted audit 100

PYMNTS

MAY 9, 2018

Or, they can be creative arts performers, such as voiceover artists; technical service providers, such as programmers, and professional service providers, such as attorneys and tax accountants. The partners looked at more than 20 million tax returns from the 15 cities studied. Across the 15 top U.S.

Kansas 40

Kansas Healthcare tax preparation tax return 40

Xero

OCTOBER 4, 2022

I finally received help from a tax preparation office who told me they would help with accounting and to bring in all my receipts. I previously lived in Los Angeles, New York, Dallas and Miami and could never find the authentic flavors at restaurants like I was used to in Mexico.

accounting and finance 97

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Going Concern

NOVEMBER 20, 2023

As a senior accountant, his primary responsibilities are professional tax preparation and auditing services for individuals, commercial clients, and nonprofit organizations. Before joining Whitinger & Company as a Staff Accountant, he was a Tax Associate for PricewaterhouseCoopers.

Account 76

Account accountant accounted audit 76

CPA Practice

AUGUST 31, 2023

Toss on the tax savings : Quantify for your client how increased pre-tax retirement contributions (401(k) and/or IRA) could decrease their overall tax liability. You can use a tool such as Intuit Tax Advisor to calculate the impact quickly and easily, and present it in an easy-to-understand format.

quickbooks 59

quickbooks bookkeeping course Tax CPA 59

Going Concern

JANUARY 26, 2024

His tenure includes positions as Head of London Audit and Tax, Head of People and Client Experience, and most recently, Chief Operating Officer since 2019. His appointment as CEO, subject to regulatory approval, marks the beginning of a new era for the firm. “I Good Luck With That! There’s a shortage of accountants in the U.S.

Account 115

Account accountant accounted audit 115

LyfeAccounting

DECEMBER 30, 2020

?. Are you tired of paying taxes? Taxes stink. But recently, I heard that some people pay very little in taxes. In fact, the president’s tax returns show he paid just $750 in federal income taxes in 2016 and 2017. And nearly nothing for many years before that, according to reports from the New York Times.

Real Estate 52

Real Estate Tax income tax Gaming 52

Going Concern

MARCH 22, 2023

On March 20, New York Attorney General Letitia James filed a motion to compel (aka “gonna need the court to make someone do something thx”) Whitley Penn to hand over documents and communications relating to her civil fraud case against their client Donald Trump, three of his adult children, and the Trump Organization.

New York 109

New York South Carolina Texas CPA 109

Going Concern

AUGUST 25, 2023

News US Accounting Board Looks Across the Ocean to Fill Hole in Rules [ Bloomberg Tax ] The flood of government aid that helped keep companies afloat during the coronavirus pandemic exposed a hole in US accounting rules: Businesses have no way to record the grants, loans, and tax breaks that bolstered their bottom lines.

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tax preparation CPA payroll tax Illinois 93

CPA Practice

MARCH 12, 2024

After several weeks of testing , the IRS said on Tuesday that eligible taxpayers in 12 states can now use its new Direct File service to submit their tax returns online for free directly with the agency. Our goal with the Direct File pilot is to help people meet their tax obligations as easily and quickly as possible.

South Dakota 108

South Dakota income tax tax return Arizona 108

Going Concern

DECEMBER 2, 2022

Florida state tax website bug exposed filers’ data [ TechCrunch ]. Report Suggests Tax Audits of Trump Foes Were Random, but Leaves Questions [ New York Times ]. Las Vegas Tax Preparer Sentenced to Prison for Multiple Fraud Schemes [ Department of Justice ]. Law, Order, and Something Else.

public accounting 94

public accounting audit Account accountant 94

CPA Practice

JANUARY 23, 2023

By Marsha Mercer, Stateline.org (TNS) As inflation soared in the past year, families in some states suffered a double whammy—paying food sales taxes on top of higher-priced groceries. At least five of the 13 states where groceries were taxed as of last Jan. Grocery taxes that remain are “there for a reason. In 2021, about 13.5

Idaho 111

Idaho South Dakota Tax Kansas 111