Accounting Today

JUNE 20, 2025

3 to file various federal individual and business returns and make tax payments. The current list of eligible localities is on the IRS Tax Relief in Disaster Situations page.) 3 deadline for both states applies to individual income tax returns and payments normally due on April 15, 2025. 15, 2025.

Mississippi 94

Mississippi Texas Tax Technology 94

Accounting Today

JUNE 9, 2025

EDT 1 Min Read Facebook Twitter LinkedIn Email Tax management platform Instead launched artificial intelligence-driven tax reports, harnessing AI to analyze full tax returns to glean tax strategies and missed opportunities.

Tax 52

Tax Technology tax return tax preparation 52

CPA Practice

JULY 7, 2025

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

cpas accounting and finance CPA Technology 85

ThomsonReuters

OCTOBER 29, 2024

That will get you in trouble in the long run,” says Tracy Davis , Retail and Diversified Vertical Lead at Thomson Reuters at a recent webinar on Digital transformation for end-to-end indirect tax compliance. ONESOURCE Indirect Tax Maximize the impact of digital transformation with integrated tax technology.

Technology 52

Technology accounting and finance accounts payable Tax 52

Accounting Today

JUNE 13, 2025

Instead launches tax reports feature Valery Kachaev Tax management platform Instead launched an AI-driven tax reports feature. This feature is now available to eligible merchants in the United States using Shopify Tax. …

Technology 82

Technology tax planning audit tax preparation 82

ThomsonReuters

JUNE 18, 2025

The PTET allows pass-through entities, such as partnerships and S corporations , to pay state income tax at the entity level and claim a deduction on their federal income tax returns. This, in turn, causes less income to be passed through to the individual owners.

income tax 91

income tax New Jersey New York California 91

Accounting Today

JUNE 17, 2025

EDT 3 Min Read Facebook Twitter LinkedIn Email Private equity in the profession; green cards and exit taxes; governance for preparers; and other highlights from our favorite tax bloggers. TaxConnex ( [link] ): Your e-commerce clients can create problems with sales tax obligations in several ways.

E-commerce 82

E-commerce Technology tax preparation Illinois 82

Accounting Today

JUNE 9, 2025

Gary Boomer June 9, 2025 10:00 AM Facebook Twitter LinkedIn Email As CPA firms grow into the $10 million to $100 million revenue range, operational complexity increases, especially during peak periods like tax season.

Technology 59

Technology cpa firm audit tax preparation 59

Accounting Today

JUNE 9, 2025

By Daniel Hood 35m ago Technology Instead adds AI-driven tax reports The reports harness artificial intelligence to analyze full tax returns to glean tax strategies and missed opportunities.

auditor 59

auditor audit Technology tax preparation 59

Ronika Khanna CPA,CA

JULY 8, 2025

You report the payment as self-employment income on your personal tax return. Tax Treatment of Management Fees If you pay yourself a management fee: You report the income on the T2125 (Statement of Business Activities) on your personal tax return. You pay income tax on it at your personal marginal rate.

income tax 52

income tax tax return payroll Tax 52

Accounting Today

JUNE 20, 2025

Taxfyle rolls out TXF Intelligence for smaller practitioners Tax solutions provider Taxfyle announced the release of its new TXF Intelligence product, a generative AI tool built to automate and streamline tax return preparation for small tax and accounting firms in the U.S.

Technology 59

Technology Tax Alaska Construction 59

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. Whitman also has not filed an individual income tax return since 1997 and has made no tax payments since 2000. Herman Estes Jr. In March 2023, Estes made a $1.3

Tax 69

Tax tax preparation Technology Real Estate 69

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. The new AI document assistant transforms lengthy documents into actionable insights by extracting key details.

Technology 59

Technology audit E-commerce tax preparation 59

Accounting Today

JUNE 5, 2025

EDT 6 Min Read Facebook Twitter LinkedIn Email Bank job; the magic is gone; not a beautiful day in the Neighborhood; and other highlights of recent tax cases. .: 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.

Tax 59

Tax tax preparation North Carolina tax return 59

CPA Practice

JULY 14, 2025

One tool that handles everything from source document gathering all the way to tax return assembly/delivery—and automates manual tasks like intake, signatures, and deadline reminders—makes your firm a more attractive employer, too.

West Virginia 40

West Virginia Technology Pennsylvania accounting and finance 40

Accounting Today

JUNE 12, 2025

EDT 6 Min Read Facebook Twitter LinkedIn Email By any other name; poor Service; a saga continues; and other highlights of recent tax cases. EDT 6 Min Read Facebook Twitter LinkedIn Email By any other name; poor Service; a saga continues; and other highlights of recent tax cases.

Tax 85

Tax tax preparation audit Technology 85

Accounting Today

JUNE 9, 2025

By Daniel Hood 35m ago Technology Instead adds AI-driven tax reports The reports harness artificial intelligence to analyze full tax returns to glean tax strategies and missed opportunities.

Account 99

Account accountant accounted Technology 99

Accounting Today

JUNE 24, 2025

Whether advising nonprofits, preparing a tax return or planning an estate strategy, professional recommendations must be based on facts, rules and professional judgment. EDT 3 Min Read Facebook Twitter LinkedIn Email The impact of artificial intelligence on education has progressed exponentially.

Rhode Island 100

Rhode Island Account accountant accounted 100

Nancy McClelland, LLC

MARCH 7, 2025

And because theres functionality for ProAdvisors that allows us to easily review and recategorize (check out my MSN article on our favorites), it means I can feel confident about the quality of the end result before it goes onto my clients tax returns. I also rely on apps that help me make the most of our time outside of tax season.

Technology 59

Technology quickbooks bookkeeping Tax 59

Accounting Today

JUNE 9, 2025

By Daniel Hood 34m ago Technology Instead adds AI-driven tax reports The reports harness artificial intelligence to analyze full tax returns to glean tax strategies and missed opportunities.

Account 52

Account accountant accounted Technology 52

Accounting Today

JULY 15, 2025

She added later that Ready to Advise is vendor agnostic, as "our initial launch will have the user uploading the tax return, so it doesnt matter what your tax compliance solution is, you can use Ready to Advise."

Technology 58

Technology Tax audit tax preparation 58

Accounting Insight

MAY 9, 2025

In this blog, we answer all your FAQs related to MTD for Income Tax , as there remains uncertainty about HMRCs scheme. Weve taken key questions from webinars, events, and conversations with our customers, and put them all in one place, so we can clarify any confusion you may have. Provide digital quarterly updates. What is MTD for VAT?

income tax 52

income tax Tax tax return bookkeeping software 52

Accounting Today

JUNE 9, 2025

You go to the beauty portal, you go to the barbershop, they have more protection than a person who prepares tax returns. So it is safe to say that 70% of the people who prepare tax returns are not credentialed. Now, every month, the IRS comes out with a list on information on active pns. Youre counted in each category.

Washington 52

Washington New York Florida Tax 52

CPA Practice

JUNE 18, 2025

Removed from Senate Bill: Restriction on regulation of contingency fees with respect to tax returns. The Child Tax Credit is also included and reflects a permanent increase to $2,200. Restoration of the limitation of “downward attribution” of stock ownership under section 958(b).

Tax 87

Tax Technology income tax payroll 87

Accounting Today

JUNE 23, 2025

We did tax returns by hand. Jeff Weiner (22:34): Oh, its a completely different profession than when I started. When I started, we used seven column or 14 column paper pencils and didnt have a computer. We didnt have iPhones, we didnt have the internet, we didnt have email.

accounting firms 95

accounting firms Technology accounting and finance audit 95

Accounting Today

JULY 10, 2025

EDT 6 Min Read Facebook Twitter LinkedIn Email Underhanded underground; down on the farm; reality check; and other highlights of recent tax cases. 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.

Tax 75

Tax tax preparation income tax Technology 75

CPA Practice

NOVEMBER 1, 2024

This webinar will be held on Monday, November 18, 2024 at 1:00pm ET Sponsor: Drake Software Duration: 1 Hour Register Now Upon completion of this session, you will be able to: Discuss strategies for confidently setting fair prices that reflect the value you provide. Gail is a member of the AICPA’s PFS Credential Committee.

Indiana 52

Indiana Tax CPA Illinois 52

Accounting Today

JUNE 30, 2025

Then theres the tax return thats 95% done but still waiting on "one more thing." You finish a long day, turn off all three of your monitors and try to relax. But just as youre about to take your foot off the accelerator you remember a clients email that you forgot to respond to. three days ago. Sound familiar?

Account 71

Account accountant accounted Technology 71

CPA Practice

JUNE 26, 2025

The company also uses Avalara’s tax code database and AI tools to classify product SKUs and apply exemptions efficiently within Shopify. By reducing manual intervention and automating sales tax returns, the tax team saved significant time and reduced errors across filings in more than 50 U.S. jurisdictions.

Technology 75

Technology Tax South Dakota NetSuite 75

Accounting Today

JUNE 26, 2025

EDT 5 Min Read Facebook Twitter LinkedIn Email Another Naughty list; a couple of sharks; Miami vice; and other highlights of recent tax cases. He pleaded guilty to one count of aiding and assisting in the preparation of false and fraudulent income tax returns, which carries a maximum of three years in prison.

Tax 71

Tax Technology tax preparation CPA 71

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 More than 95% of processed returns were e-filed and some 62% resulted in refunds. IRS employees manually transcribe data from paper-filed tax returns, digit by digit, into IRS systems.

Technology 106

Technology tax preparation tax return audit 106

Accounting Today

JULY 2, 2025

EDT 3 Min Read Facebook Twitter LinkedIn Email Preparing for OBBBA; your firm: the next generation; courage and foolishness; and other highlights from our favorite tax bloggers. Was This Convicted Tax Return Preparer Courageous or Foolish?" Tips to prepare them. Mauled Again ( [link] ): Hard to Tell the Difference Dept.: "Was

North Carolina 59

North Carolina tax preparation Technology audit 59

CPA Practice

JULY 15, 2025

Many people assume that the maximum 529 plan contribution is $19,000 per child in 2025—or $38,000 if you file jointly—but that’s the maximum amount you can contribute without exceeding the annual gift tax limit. (If Here’s what else you should know about using a 529 plan to save for your kids’ education.

Technology 59

Technology payroll Account accountant 59

Accounting Today

JUNE 9, 2025

EDT 4 Min Read Facebook Twitter LinkedIn Email Eric Lee/Bloomberg Senate Republicans intend to propose revised tax and health-care provisions to President Donald Trumps $3 trillion signature economic package this week, shrugging off condemnations of the legislation by Elon Musk as they rush to enact it before July 4.

Tax 52

Tax Technology West Virginia audit 52

CPA Practice

JULY 14, 2025

According to court documents, Festus Adenisimi, of Mansfield, Texas, was the owner of FA Tax, a tax preparation business located in Grand Prairie, where he and other tax preparers prepared fraudulent tax returns for their clients, often causing the IRS to issue refunds to those clients. in restitution.

tax preparation 66

tax preparation Texas Tax Technology 66

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 103

Texas Tax Technology tax preparation 103