CPA Practice

SEPTEMBER 17, 2024

As a CPA, John has considerable experience in public and private accounting for the technology industry. LaDonna Keener, CPA has been a Certified Public Accountant licensed in the state of North Carolina since 1997. She is passionate about keeping up-to-date on tax changes and devotes much of her time to enhancing that understanding.

Tax 105

Tax North Carolina Indiana Illinois 105

CPA Practice

NOVEMBER 1, 2024

As a tax industry veteran, Amanda is a favorite speaker and trainer known for making tax topics accessible and relevant. Moderated by: Gail Perry is the editor-in-chief of CPA Practice Advisor. A veteran of accounting journalism, she also speaks at many accounting events, trade shows, and webinars.

Indiana 52

Indiana Tax CPA Illinois 52

CPA Practice

FEBRUARY 11, 2023

The IRS has determined that in the interest of sound tax administration and other factors, taxpayers in many states will not need to report these payments on their 2022 tax returns. Other payments Other payments that may have been made by states are generally includable in income for federal income tax purposes.

Rhode Island 131

Rhode Island South Carolina income tax Idaho 131

CPA Practice

JUNE 12, 2024

Moderated by: Gail Perry is the editor-in-chief of CPA Practice Advisor. Gail is the author of over 30 books (including Mint.com For Dummies , The Idiot’s Guide to Introductory Accounting , and Surviving Financial Downsizing: A Practical Guide to Living Well on Less Income ), and she maintains a small tax practice.

Technology 93

Technology Indiana Tax Idaho 93

CPA Practice

AUGUST 19, 2024

Moderated by: Gail Perry is the editor-in-chief of CPA Practice Advisor. Gail is the author of over 30 books (including Mint.com For Dummies , The Idiot’s Guide to Introductory Accounting , and Surviving Financial Downsizing: A Practical Guide to Living Well on Less Income ), and she maintains a small tax practice.

Technology 97

Technology Tax Indiana Idaho 97

CPA Practice

NOVEMBER 29, 2023

Get Your Gifts Ready: If you’re feeling generous with your wealth and would like to pass some of it on to a loved one or other beneficiary, you can gift up to $17,000 (or $34,000 for married couples filing a joint tax return) without triggering a gift tax or reducing your lifetime gift and estate tax exemption.

Tax 108

Tax tax return CPA accounting and finance 108

Anders CPA

JANUARY 23, 2023

Maddox, CPA in tax, Merella Schandl, MHA, CPMSM, CPCS in health care and Stephanie H. Jones, CPA in audit and assurance to principals at the firm. in Accountancy from Southern Illinois University Edwardsville. in Accounting from Quincy University in Illinois. Anders proudly announces the promotion of Jane M.

Missouri 19

Missouri Real Estate Illinois public accounting 19

CPA Practice

FEBRUARY 27, 2024

Whether you’ve been self-employed for ages or are one of many entrepreneurs to have launched a business recently, lowering your taxes is always a savvy business strategy. Here are a dozen deduction tips, provided by the Illinois CPA Society. Advertising: Every business needs customers, right? 15, 2024, to file.

Real Estate 116

Real Estate Illinois CPA Non-Profits 116

Nancy McClelland, LLC

APRIL 9, 2023

Reminder: Due to a new law , Illinois S-Corp and Partnership owners should generally pay quarterly IL state ( not federal) taxes through the business. The post below is about how to pay IL taxes personally ; click here for how to make IL business tax payments. and ask you what kind of tax payment you wish to make.

Illinois 52

Illinois Tax tax preparation bookkeeping 52

CPA Practice

APRIL 9, 2024

Compliance and Reporting Ensuring compliance with payroll tax regulations involves timely and accurate reporting to various tax authorities. As an accountant or CPA, you play a vital role in: Calculating and withholding taxes correctly. Filing tax returns and remitting payments on time.

payroll tax 110

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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. Need to file a 2019 tax return?

Rhode Island 122

Rhode Island tax return Tax West Virginia 122

CPA Practice

OCTOBER 2, 2023

These areas include: Taxpayers affected by flooding in Illinois and Alaska. 24, 2024, to file various individual and business tax returns. They typically have 180 days after they leave the combat zone to file returns and pay any taxes due. They have until Oct. 31, 2023, to file. They have until Nov.

South Carolina 124

South Carolina Georgia Tax income tax 124

TaxConnex

AUGUST 4, 2022

Most states with economic nexus laws also employ marketplace facilitator laws (it is best to consult with a sales tax expert or CPA to find the most updated laws). Recently Hawaii, Texas, Wisconsin, Illinois, Michigan, Iowa, Louisiana and North Carolina added laws. returns for direct sales and indirect sales.?.

Wisconsin 130

Wisconsin North Carolina Michigan Hawaii 130

CPA Practice

JANUARY 31, 2023

The IRS began accepting tax returns in late January, and if you were hoping for a bigger tax refund—or at least a smaller tax bill—in the new year, some tax law changes impacting the upcoming 2022 tax year filing season may dampen your spirits. Find an Illinois CPA at www.icpas.org/findacpa.

Tax 64

Tax Illinois tax return cpas 64

Going Concern

OCTOBER 7, 2022

What CFOs Should Consider Concerning ESG Reporting [ The CPA Journal ]. Minority Accounting Students Sought for Internship Preparation Program [ Illinois CPA Society ]. Illinois-based racial and ethnic minority college students who are interested in pursuing careers in accounting and finance are encouraged to apply. ‘As

Illinois 98

Illinois CPA audit financial statements 98

CPA Practice

OCTOBER 16, 2023

These areas include: Taxpayers affected by flooding in Illinois and Alaska. 24, 2024, to file various individual and business tax returns. They typically have 180 days after they leave the combat zone to file returns and pay any taxes due. They have until Oct. 31, 2023, to file. They have until Nov.

South Carolina 111

South Carolina Georgia income tax Vermont 111

CPA Practice

AUGUST 21, 2023

They are taxed on their income but can’t write off most of their business expenses. Section 280E of the federal tax code bars marijuana firms from claiming business expenses on their federal tax return other than for their cost of goods sold. Look for more states to follow suit. _

income tax 98

income tax Tax tax return Oregon 98

Going Concern

FEBRUARY 16, 2024

This is according to the Illinois CPA Society (ICPAS), which surveyed 449 employers and 433 accounting and finance employees last summer and released its results last month. According to a lobbyist for the Iowa Society of Certified Public Accountants, fewer CPA firms are willing to audit government agencies.

Real Estate 105

Real Estate Iowa audit public accounting 105

Nancy McClelland, LLC

JULY 22, 2022

On June 27th I woke to find dozens of notifications from MyTax Illinois in my email inbox — one for each and every client of ours who files sales taxes. This was created for retailers to report sales of qualifying items sold during the sales tax holiday. My inbox on June 27th.

Illinois 52

Illinois Sales Tax tax return 52

CPA Practice

JUNE 21, 2023

Gail Perry is the editor-in-chief of CPA Practice Advisor. Gail is the author of over 30 books (including Mint.com For Dummies , The Idiot’s Guide to Introductory Accounting , and Surviving Financial Downsizing: A Practical Guide to Living Well on Less Income ), and she maintains a small tax practice.

Tax 80

Tax Technology Indiana Michigan 80

CPA Practice

AUGUST 28, 2024

The deadline for making a nondeductible IRA contribution typically aligns with the federal income tax return filing deadline for that tax year, usually April 15 of the following year. Rahill, CPA/PFS, JD, LL.M., There is no deadline for converting nondeductible IRA contributions to the Roth IRA.

Tax 115

Tax Illinois CPA income tax 115

CPA Practice

FEBRUARY 1, 2023

The penalty will be further reduced to 10% for IRA owners if the account owner withdraws the RMD amount previously not taken and submits a corrected tax return in a timely manner. Illinois CPA Society member Daniel F. Rahill, CPA/PFS, JD, LL.M., CGMA, is a Managing Director at Wintrust Wealth Management.

Illinois 96

Illinois Start-ups Tax CPA 96

CPA Practice

OCTOBER 12, 2023

Also exempt from the tax: Gross receipts from the retail sale of any firearm, firearm precursor part, or ammunition by any licensed firearms dealer, firearms manufacturer, or ammunition vendor in any quarterly period in which their total gross receipts from the retail sales of firearms, firearm precursor parts, or ammunition is less than $5,000.

California 124

California Sales Tax Pennsylvania 124

Going Concern

FEBRUARY 9, 2024

Birthdays A CPA Firm Celebrates a Century in Business [ The CPA Journal ] In today’s climate of accounting firm mergers, it is worth recognizing when a CPA firm has managed to remain independent and partner-owned for 100 years. Law & Order BDO, Workers Strike $2.25 billion 401(k) plan.

Technology 104

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CPA Practice

MARCH 14, 2023

This article was provided by the Illinois CPA Society. Tax season may be in full swing, but there’s still time to make a smart money move that often goes overlooked by taxpayers eager to file their tax returns and pocket their refunds: saving for retirement. Find your CPA at www.icpas.org/findacpa.

Tax 52

Tax Illinois CPA income tax 52

Nancy McClelland, LLC

FEBRUARY 6, 2022

If a taxpayer did not receive the full amount, then they are entitled to recoup the difference on their annual tax return. To get a list of the estimated tax payments you’ve made to the state of Illinois, go to [link] and enter your SSN, Name, and the year (in this case 2021). Let the tax return preparing begin!

accountant 52

accountant accounted Account tax return 52

MyIRSRelief

JULY 3, 2023

During an ERC audit, the IRS reviews the business’s records, including payroll records, tax returns, and supporting documentation related to ERC claims. Verify their credentials, such as being an enrolled agent, tax attorney, or CPA, and check for any relevant certifications or affiliations. ERC IRS Audit Process 2.1

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Nancy McClelland, LLC

JANUARY 16, 2024

For example, if you’re trying to prepare a tax return for a prior-year and need a list of all the informational documents filed with the IRS that are associated with your SSN, you’d want a Wage & Income Transcript. Print the file to PDF and save it somewhere safe, along with the rest of your tax season documents.

tax return 52

tax return Tax accountant accounted 52

Nancy McClelland, LLC

APRIL 9, 2024

We still want folks to make quarterly payments (see my related IRS & Illinois posts for how to do it online), but for the first quarter, at least, we’re asking everyone to use “safe-harbor” calculations. However, times have changed. Why Use 1Q Safe-Harbor Calculations Instead of Annualizing?

Illinois 52

Illinois Tax tax preparation tax return 52

CPA Practice

APRIL 10, 2024

Clients and staff can gather source documents, collect digital organizers, assemble, and deliver completed tax returns, collect e-signatures, send reminders, accept tax prep fees, and more all within the SafeSend Suite. Gail Perry is the editor-in-chief of CPA Practice Advisor. What is top of mind to the client?

Tax 52

Tax Indiana Technology tax return 52

RitaKeller

MARCH 3, 2022

The article is titled, The Changing Face of the CPA Profession Del Wright, Corporate Outreach Coordinator for the Illinois CPA Society. It is so much more than tax returns and using Excel. Recently, I read a quote that made me smile. It was in an article I read via AccountingWEB.

Illinois 45

Illinois tax return CPA Tax 45

CPA Practice

AUGUST 9, 2024

Ballew is also actively engaged in the Council for Electronic Revenue Communications Advancement (CERCA) and the Security Summit, serving as a co-lead for the Tax Pro Working Group. Moderated by: Gail Perry is the editor-in-chief of CPA Practice Advisor. For all other tax return preparers, CE is voluntary.[link]

Tax 52

Tax Indiana tax preparation CPA 52

CPA Practice

SEPTEMBER 17, 2024

Since joining the firm in 2021, Brianna has excelled in accounting, auditing, compliance, financial statement preparation, tax return preparation, and special projects. Her specialization in nonprofit work and her CPA certification highlights her commitment to excellence. He holds both CPA and CVA certifications.

Construction 52

Construction Illinois audit Real Estate 52

Going Concern

SEPTEMBER 25, 2023

Attorney General’s Office for Northern Illinois announced on Wednesday. The long-running TPB investigation found that Mr Carter lodged false BAS and amendments for unwitting clients and lied about their tax returns and debts that did not exist. Palos Hills Accountant Indicted In $7.8M and House of Furniture and Mattress, Inc.,

tax preparation 105

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CPA Practice

FEBRUARY 16, 2023

Join SafeSend as we examine a variety of options for automating client touchpoints across the tax engagement – gather source documents, collect digital organizers, assemble, and deliver completed tax returns, collect e-signatures, send reminders, and accept tax prep fees just to name a few.

Technology 52

Technology Tax Indiana CPA 52

Nancy McClelland, LLC

JANUARY 30, 2024

To say nothing of the fact that the next government shutdown deadline is scheduled for one week before business tax returns are due. Ths allows me to continue to provide free accounting resources to small businesses who do not have the funds available to hire a CPA. And we were freaking out about that delay.

Tax 52

Tax tax return Illinois tax preparation 52

CPA Practice

SEPTEMBER 19, 2024

Moderated by: Gail Perry is the editor-in-chief of CPA Practice Advisor. Gail is the author of over 30 books (including Mint.com For Dummies , The Idiot’s Guide to Introductory Accounting , and Surviving Financial Downsizing: A Practical Guide to Living Well on Less Income ), and she maintains a small tax practice.

Technology 52

Technology Indiana CPA Illinois 52