ThomsonReuters

JULY 29, 2025

Jump to ↓ The challenge: Drowning in documentation The solution: SurePrep + UltraTax integration The results: Peace of mind and client growth A no-brainer investment When Josh Haislip took over his small CPA firm in Stanton, Texas, he knew he was inheriting more than just a client list. Request a demo to see how your firm can benefit today.

cpa firm

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. Texas: CPA Robert A. San Jose, California: Execs Lalo Valdez and Matthew Olson have pleaded guilty to not paying over employment taxes to the IRS. All rights reserved. Washington, D.C.:

Tax

Accounting Today

JULY 15, 2025

EDT 3 Min Read Facebook Twitter LinkedIn Email Thomson Reuters debuted two agentic AI offerings that are aimed at improving tax and advisory workflows: Ready to Advise and Ready to Review. Ready to Advise is the companys AI-powered tax planning advisory solution meant to help firms grow their strategic advisory services.

Technology

Accounting Today

JUNE 9, 2025

As youve probably heard, theres a lot going on on the tax front in Washington, D.C., Its got a host of tax provisions and some other provisions that could affect their profession in it as well. But were just going to really talk about the tax provisions right now that affect that. All rights reserved. as we record this.

Washington

CPA Practice

OCTOBER 28, 2024

A family limited partnership (FLP) may do the trick and save estate tax to boot. This can’t be merely a means to reduce or avoid tax liability. The family in the new Tax Court put a different spin on the FLP technique. The family in the new Tax Court put a different spin on the FLP technique.

Tax

Accounting Today

JULY 21, 2025

EDT 6 Min Read Facebook Twitter LinkedIn Email Big rigged; fearsome foursome; NYPD blue; and other highlights of recent tax cases. Union City, Georgia: Truck driver Dantavious Jackson, 39, who operated a ghost tax prep business, has pleaded guilty to making claims for refunds of false pandemic-related employment tax credits.

Rhode Island

Withum

DECEMBER 4, 2024

Doing so may enable you to claim larger deductions, credits, and other tax breaks for 2024 that are phased out over varying levels of adjusted gross income (AGI). Doing so may enable you to claim larger deductions, credits, and other tax breaks for 2024 that are phased out over varying levels of adjusted gross income (AGI).

tax planning

TaxConnex

JULY 22, 2025

Soon after you start dealing with sales tax, you’re going to also run into excise tax. According to the IRS , excise taxes “are imposed on certain goods, services and activities. Excise taxes, which in the U.S. Targeted tax If sales tax is broad-based, excise tax is specific. What’s the difference?

Sales

CPA Practice

JULY 14, 2025

OBannon Four tax preparers convicted of defrauding the IRS of nearly $8 million have been sentenced to a combined 105 months in federal prison, the acting United States Attorney for the Northern District of Texas Nancy E. The estimated loss to the IRS from these false tax returns totaled more than $7.5 in restitution.

tax preparation

Accounting Today

JULY 15, 2025

EDT 2 Min Read Facebook Twitter LinkedIn Email Members of a firefighter crew assist in recovery efforts in Hunt, Texas, on Thursday, July 10, 2025. Eli Hartman/Bloomberg Individuals and businesses in Texas affected by severe storms, straight-line winds and flooding that began on July 2 now have until next Feb. All rights reserved.

Texas

CPA Practice

AUGUST 1, 2025

via TNS) The Internal Revenue Service is poised to discontinue its Direct File program, which allows millions of Americans to file their taxes for free, drawing criticism from some Democrats. During a tax summit on July 28, IRS Commissioner Billy Long said the cost-free service is “gone,” according to Bloomberg Tax.

Technology

CPA Practice

JUNE 23, 2025

Victims of severe storms that produced flooding and damaging winds in areas of Texas and Mississippi in mid- to late March have more time to file various federal individual and business tax returns and make tax payments, the IRS said.

Mississippi

CPA Practice

JUNE 23, 2025

Jason Bramwell Former Missouri congressman Billy Long was sworn in as the 51st commissioner in the history of the IRS on June 16, saying transforming the culture at the tax agency is at the top of his to-do list. an Arkansas-based oil and gas company, which Democrats said offered non-existent “tribal tax credits.”

Missouri

CPA Practice

JULY 11, 2025

Individuals and businesses in Kerr County, Texas, have until Feb. 2, 2026, to file various federal tax returns and make tax payments after flash floods hit the Texas Hill Country on the Fourth of July.

Texas

TaxConnex

DECEMBER 12, 2023

But not for sales tax liability, where most states still maintain strong responsible party laws. And they can come as a real shock: CEOs, CFOs, directors and other execs can be held personally responsible for sales tax shortfalls. That’s true for many of the fiscal messes that can befall a company. How do they know who’s responsible?

Sales

TaxConnex

JULY 9, 2024

Sales tax compliance has many moving parts, not just in the filing but in everything that goes into making sure you stay on the legal side of the jurisdictions where you have sales tax nexus. Billing systems You charge the customers sales tax for online purchases, they pay and you remit the money to the tax jurisdictions.

Sales

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

APRIL 7, 2022

Federal Income Tax Day, April 18 th , looms large in everybody’s mind right now. Too bad sales tax doesn’t come with a deadline that simple. State sales tax filing obligations come in a dizzying number of deadlines for you to follow (potentially with bad consequences if you don’t). A regular schedule – unless it’s not.

Sales

TaxConnex

JANUARY 19, 2023

We hear a lot about “sales tax obligations,” but who exactly in your company is “obligated?” Since the Supreme Court’s 2018 Wayfair decision, many businesses are required to collect and remit sales tax in multiple states – more so than pre-Wayfair. Personal liability can often apply whether the imposed tax was collected or not.

Wisconsin

TaxConnex

MARCH 2, 2021

There’s always something changing in the world of tax, especially sales tax. The Sunshine State previously bet a lot on tourism revenue making up for not taxing internet sales – but the pandemic has wrecked that industry. Estimates reportedly said the tax will generate up to $250 million but opponents promise legal challenges.

Sales

Accounting Today

JULY 23, 2024

3 to file various federal individual and business tax returns and make tax payments. Individuals and businesses in the affected counties now have until next Feb.

Texas

TaxConnex

JULY 15, 2021

There’s always something changing in the world of tax, especially sales tax. 1, 2022, though, all retailers must apply the destination sourcing rules when calculating, collecting and remitting state sales tax. Marketplace sellers that properly remitted tax can file a claim for credit. As of Feb.

Sales

CPA Practice

OCTOBER 17, 2023

Thirteen states have agreed to participate in a trial run of the IRS’s free online return filing system, called Direct File, during the 2024 tax season, the agency said on Tuesday. In addition, the state of Washington agreed to join the integration effort for its application of the Working Families Tax Credit.

tax return

TaxConnex

APRIL 6, 2021

There’s always something changing in the world of tax, especially sales tax. The Alaska Remote Seller Sales Tax Commission has approved its “Remote Seller Sales Tax Code & Common Definitions” that would apply to local municipalities in Alaska that choose to adopt it. 10 to report use tax.

West Virginia

TaxConnex

JULY 30, 2024

Sales tax isn’t simple. Here’s a step-by-step overview of various complications of sales tax compliance – and how to handle them. Then came 2018’s South Dakota vs. Additional complexities: The five NOMAD states – New Hampshire, Oregon, Montana, Alaska and Delaware – do not have a statewide sales tax.

South Dakota

CPA Practice

APRIL 7, 2023

The Department of Justice is warning taxpayers to choose their return preparers wisely as the April 18 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 preparation

TaxConnex

SEPTEMBER 28, 2023

Now it’s time to register with the states to collect and remit sales tax. You complete your sales tax registrations and file them with the departments of revenue or taxation in each state. These registrations are called sales tax permits, sometimes licenses. New York calls theirs a “sales tax certificate of authority.”

Sales

TaxConnex

OCTOBER 3, 2023

There’s always something changing in the world of tax, especially sales tax. billion in tax revenue on sales tax holidays that offer breaks on such goods as back-to-school or disaster-preparedness items. The other prevalent argument is that sales tax holidays are a way of giving tax relief. “The

Sales

CPA Practice

MAY 8, 2023

Reducing taxes is one way to cut costs, and sometimes moving from a high-tax state to a low-tax state can eliminate thousands of dollars in expenses year after year. Tennessee, Texas, and Florida are among the most commonly moved-to states, and it just so happens that these states don’t tax income.

New York

TaxConnex

AUGUST 1, 2023

You sell an item to a customer, they decide for whatever reason to return it, and you give them a refund. Except when sales tax becomes involved. One in every five … What are the odds your online company will have to deal with returns and make refunds? And the state or local sales tax you also charged on the purchase?

Sales

CPA Practice

JANUARY 8, 2024

With the 2024 tax filing season starting later this month, the IRS is launching a special Tax Professional Awareness Week , from Jan. 8-14, 2024, to assist tax professionals on what to expect during the filing season and start the year on the right foot. 10: Answering Your Frequently Asked Questions on Due Diligence Friday, Jan.

Tax

TaxConnex

MAY 30, 2023

You know all about reaching sales tax nexus: selling enough or having a physical presence in a tax jurisdiction sufficient to create a connection with that jurisdiction and create an obligation for you to collect and remit sales tax. Sales tax isn’t getting any easier. But business and sales patterns change over time.

Sales

CPA Practice

APRIL 12, 2023

million people across the nation (state-by-state list below) have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return. billion in refunds remain unclaimed because people haven’t filed their 2019 tax returns yet. People face a July 17 deadline to file their returns.

Rhode Island

Withum

MARCH 7, 2024

We are now seeing the IRS issue standardized information and document requests (IDRs) from a centralized office in Austin, Texas. The VDP allow taxpayers to keep 20% of the ERC claimed, tax free, as well as the interest received, but taxpayers must apply to the program by March 22, 2024, and agree to extend the statute of limitations.

Tax

CPA Practice

MARCH 14, 2023

Allegations include stealing identities of accountants, tax preparers, and taxpayers. On March 7, a federal grand jury in Austin, Texas, returned an indictment charging seven individuals with conspiracy to commit mail and wire fraud and other crimes arising out of their scheme to defraud the IRS using stolen identities.

Tax

CPA Practice

SEPTEMBER 9, 2024

The deadline for taxpayers to submit their third quarter estimated tax payment is one week from today. However, individuals and businesses affected by disasters in 17 states, Puerto Rico, and the Virgin Islands may automatically qualify for a delayed tax-payment deadline, the IRS said last week.

South Dakota

CPA Practice

AUGUST 2, 2024

Nic Querolo Bloomberg News (TNS) Undocumented immigrants paid almost $100 billion of taxes, underscoring the importance of border policies on the country’s tax collections, according to a new report. billion, or roughly $9,000 per person, in taxes in 2022, the report shows. government. In total, undocumented immigrants paid $96.7

Tax