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IRS Begins Audits of Corporate Jet Usage

RogerRossmeisl

As reported in IR-2024-46 Using Inflation Reduction Act funding and as part of ongoing efforts to improve tax compliance in high-income categories, the Internal Revenue Service announced on 2/21/24 plans to begin dozens of audits on business aircraft involving personal use.

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LEAP into Compliance in 2024

TaxConnex

While not at all related to sales tax, we thought that as we spend a day to align our seasons and the Earth’s orbit of the sun, we should also discuss how to ensure your processes align with maintaining sales tax compliance in 2024! L: Liability. E: Expect Changes.

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Changes in 2024 CPA Exam Put Technology Front and Center

CPA Practice

The Uniform Certified Public Accountant Examination (CPA Exam) is regularly updated to reflect enhancements to accounting and auditing standards as well as tax laws and regulations — and to improve the efficiency of the exam. What are the 2024 CPA Exam changes? By Gail Cole. Here’s what you need to know.

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State CPA Society News & Updates – Aug. 2024

CPA Practice

State CPA Society News & Updates is a selection of recent announcements and initiatives by CPA associations in the United States and its territories. CPA of the Year Award The CPA of the Year Award recognizes a CPA who has made outstanding contributions toward advancing the accounting profession.

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Illinois CPA Society Announces 2024 Outstanding Leadership Award Recipients

CPA Practice

The Illinois CPA Society (ICPAS)—one of the largest state societies serving the certified public accountant (CPA) community—has announced the honorees of its annual Outstanding Leadership Awards program, which celebrates distinguished leaders within the CPA profession through a variety of prestigious awards. Wolfe, Ltd.

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New Jersey CPA Society Announces Ovation Awards

CPA Practice

The New Jersey Society of Certified Public Accountants ‘ has announced that 40 individuals are the recipients of its 2024 Ovation Awards in seven categories: Lifetime Leader; Diversity, Equity & Inclusion; Exceptional Educators; Emerging Leaders; Impact; Innovation; and Women to Watch. Centeno, CPA, MBA — Director, Smolin, Lupin & Co.,

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IRS Resumes Processing of ERTC Claims

RogerRossmeisl

As appearing in IR-2024-203 Agency accelerates work on complex credit as more payments move into processing. The IRS is continuing to work denials of improper ERTC claims, intensifying audits and pursuing civil and criminal investigations of potential fraud and abuse.

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