article thumbnail

How to avoid Self Assessment penalties

Accounting Insight

Do you feel ready to do your Self Assessment tax return with a smile this year? Late filing The deadline for filing your Self Assessment tax return online is midnight 31 January 2025. If you are over 3 months late submitting your tax return, you will have to pay more.

article thumbnail

Top Remote Accountants of the Week | October 10, 2024

Going Concern

ACCOUNTING CANDIDATES FTE Accounting | Candidate ID # 22574493 Certifications: EA in process Education: BA Business Experience (years): 20+ years accounting experience Work experience (detail): Currently Accountant & Office Manager at a CPA firm Full cycle accounting, reconciliations, financial reporting AP/AR, payroll processing and quarterly (..)

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

AICPA News – July 2025

CPA Practice

Trust, Estate, and Gift Tax TRP Provide for the ability to e-file the following: Form 706, U.S. Estate (and Generation-Skipping Transfer) Tax Return Form 706-NA, U.S. Estate (and Generation-Skipping Transfer) Tax Return – Estate of Nonresident Not a Citizen of the U.S. Form 709, U.S.

cpas 85
article thumbnail

How I Stay Sane During Busy Season (Mostly… Arguably… Okay, Just Don’t Ask My Husband About It)

Nancy McClelland, LLC

Its what facilitates the lifestyle Ive chosen for myself: a fully-remote CPA firm that allows me to live in Mexico during tax season and travel during conference season, while making an important difference in the lives of small business owners back home in Chicago. QuickBooks Online has been my trusty sidekick on this journey for years.

article thumbnail

Why it’s critical to make Self Assessment less taxing

Accounting Insight

This explains why despite having up to 10 months’ notice to file your Self Assessment tax return, nearly half (46%) of owners are holding off filing until 2-3 months before the 31 st January deadline. The post Why it’s critical to make Self Assessment less taxing appeared first on Accounting Insight News.

Tax 93
article thumbnail

Tax Filers Face the Festive Pinch As Many Struggle to Down Tools 

Accounting Insight

With the January Self Assessment deadline looming and more than 12 million people needing to file a tax return, new research* by Intuit QuickBooks highlights the extent to which stress levels peak in the run up to Christmas for small business owners and sole traders. Mute distractions and aim to finish early to avoid stress.

article thumbnail

Confidential to Clients: Don’t Trust a CPA With a Word Cloud on His Website in 2025

Going Concern

The complaint says that Jerkins, who had bank account and online banking info for his clients, initiated wire transfers out of client bank accounts into accounts he controlled or could access using QuickBooks. On at least one occasion, in September 2023, Jerkins used these stolen client funds to purchase residential real property.