MyIRSRelief

JULY 1, 2022

Are you in need of a tax preparation expert in Santa Fe Springs? More than enabling your problem to grow and acquire more fees, penalties and fines, we can help you with your business bookkeeping and tax preparation needs. Tax auditing services for Santa Fe Springs residents. Call us today at 562-204-6700.

tax preparation 130

tax preparation California Tax bookkeeping 130

Summit CPA

MARCH 7, 2024

While the IRS encourages non-credentialed tax preparers to increase their knowledge through continuing education, doing so is optional. A PTIN authorizes the holder to do one specific thing: prepare taxes for compensation.

tax preparation 102

tax preparation CPA Tax Education 102

MyIRSRelief

JANUARY 16, 2023

When it comes to tax season, many people are faced with the decision of whether to prepare their own taxes or use an income tax preparation service. While it may seem like an added expense, there are many benefits to using a professional tax preparation service that make it well worth the cost.

tax preparation 130

tax preparation income tax Tax Real Estate 130

CPA Practice

APRIL 7, 2023

“If your preparer asks you to sign a blank return, refuses to sign your return as your return preparer, or is charging you a fee based on the size of your refund, consult the IRS’s website and tips to make sure you are not exposing yourself to trouble.” “Tax Goldberg of the Justice Department’s Tax Division. “As

tax preparation 132

tax preparation Tax tax return income tax 132

Insightful Accountant

APRIL 24, 2024

While rare, tax preparers must disclose reportable transactions on most returns. Understanding which transactions require disclosure is crucial for all preparers to ensure compliance.

tax preparation 103

tax preparation Tax 103

Insightful Accountant

NOVEMBER 20, 2024

For accountants and tax preparers, reaching new goals requires more than just ambition. The start of a new year is a prime opportunity for reflection and goal setting.

tax preparation 52

tax preparation Tax accountant Account 52

AdviceForTaxpreparers

SEPTEMBER 8, 2020

Advice for Tax Preparers Making tax preparers lives easier one blog at a time HOME. Earn $20 per Book Promoting My Tax Preparer Book from Home in Your Spare Time. My name is Bill Meador and I am writing a book to help tax staff succeed in a public accounting firm tax department.

tax preparation 246

tax preparation Tax cpa firm tax return 246

CPA Practice

MAY 19, 2023

The IRS is planning to roll out its own free online tax-filing system in a move that could put the agency in direct competition with online tax preparation behemoths like Turbo Tax and H&R Block.

tax preparation 136

tax preparation Tax tax return Washington 136

Withum

MARCH 22, 2024

Extensions are permitted that will postpone the due date, but the payments cannot be extended and balances due and the first quarter estimated taxes, if required, must be paid by the original due date of April 15 th or 17 th. They are, and the short mention of a concern at that tax preparation meeting or interaction is the way to find out.

tax preparation 59

tax preparation Tax cpas Massachusetts 59

Going Concern

APRIL 5, 2024

A federal grand jury in Newark, New Jersey, returned an indictment Wednesday charging tax preparer Leon Haynes of Teaneck, New Jersey with fraudulently seeking more than $150 million from the IRS by filing more than 1,600 false tax returns for himself and his clients that claimed COVID-19-related employment tax credits.

tax preparation 116

tax preparation tax return New Jersey Tax 116

ThomsonReuters

FEBRUARY 13, 2024

Here are some basic ways to keep your tax preparation invoice process moving smoothly through the most demanding time of year: Establish file-naming conventions. Offering a mobile app is a critical component of streamlining your digital tax return workflow from start to finish. Are they using the designated tools?

tax preparation 52

tax preparation Tax tax return cpa firm 52

Withum

APRIL 4, 2024

Most clients have no way of knowing whether their tax preparer is good or not, whether the fees paid are worth it, or what value they can expect. Takeaways There are many other things great tax preparers can do and the above is a single illustration. Here is a case study that just occurred.

tax preparation 59

tax preparation Tax tax return accountant 59

Withum

FEBRUARY 7, 2024

They should recognize that the preparer will always “be there” for them, and they should also pay their bills promptly. Takeaways Tax preparation is a collaboration between the client and preparer and is most successful when both fulfill their roles and are aware of the other’s concerns.

tax preparation 59

tax preparation Tax tax return 59

ThomsonReuters

JULY 25, 2023

Additionally, AI can help tax professionals to automate the process of extracting data from financial statements, reducing the time and effort required to perform manual data entry. The post Baker Tilly partner explains the power of automation in tax preparation appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

tax preparation 98

tax preparation Technology Tax accounting firms 98

Accounting Today

DECEMBER 22, 2023

A look at the credits, regulations and other tax developments that will shape the coming tax season.

tax preparation 128

tax preparation Tax 128

Canopy Accounting

SEPTEMBER 8, 2023

Fortunately, several advanced methods, such as utilizing automated software, implementing standardized procedures, and leveraging data analytics, can aid in streamlining the tax preparation process.

tax preparation 59

tax preparation Tax accountant Account 59

CPA Practice

APRIL 18, 2023

By David Wichner, The Arizona Daily Star, Tucson (TNS) A tax preparer in Tucson, AZ, already awaiting trial on drug-smuggling charges has been indicted by a federal grand jury, accused of filing fraudulent tax returns to reap inflated fees.

Arizona 98

Arizona tax preparation Tax tax return 98

CPA Practice

JANUARY 26, 2024

According to court documents and statements made in court related to the tax scheme, Iona Coates owned and operated Bits & Bytes Accounting Services Inc., which provided tax preparation and bookkeeping services.

Florida 109

Florida tax preparation Tax tax return 109

CPA Practice

MAY 16, 2023

The IRS is planning to roll out its own free online tax-filing system in a move that could put the agency in direct competition with online tax preparation behemoths like Turbo Tax and H&R Block.

tax preparation 98

tax preparation Tax Washington Technology 98

ThomsonReuters

DECEMBER 6, 2023

James Creech, a senior manager with Baker Tilly’s tax advocacy and controversy team, explained that the origin of the current issues with the ERC can be traced back to before the health emergency and the absence of tax preparer oversight. “Tax preparation is kind of the Wild West,” Creech began.

tax preparation 105

tax preparation Tax tax return payroll 105

Canopy Accounting

FEBRUARY 25, 2024

Your clients count on you to handle their tax issues, and you’ve earned that trust through transparency, customer service, and demonstrating your expertise. When preparing a client’s tax return , you must exercise due diligence and good faith, all while staying up-to-date on all IRS policies and guidelines.

tax preparation 98

tax preparation Tax tax return 98

Snyder

OCTOBER 30, 2022

How much do small businesses pay in taxes? How to file income tax? How to file self-employment tax? How to file employment tax? How to file excise tax? How to file estimated tax? Tax preparation tips: How to prepare in 5 steps. When are 2022 taxes due? General Tax Calendar.

tax preparation 98

tax preparation E-commerce Tax income tax 98

CPA Practice

MARCH 19, 2024

By Sean Emery, The Orange County Register (TNS) A former Orange County tax preparer convicted of carrying out a tax fraud in which prosecutors say he attempted to claim more than $10 million from the IRS and numerous state tax authorities was sentenced on March 18 to 10 years in federal prison.

tax preparation 69

tax preparation California Tax tax return 69

Patriot Software

OCTOBER 28, 2022

No matter how small your company is, you have to file taxes. But, your small business tax preparation cost can be more expensive than you might think. How much does small business tax preparation cost? There isn’t a simple answer to how much tax preparation will cost you.

tax preparation 52

tax preparation business tax Tax accountant 52

ThomsonReuters

OCTOBER 6, 2023

Therefore, it is important to leverage the right client collaboration tools that facilitate data collection and integrate with the tax software to automate 1040 preparation. Learn more by reading our whitepaper: Find your flow: 1040 tax workflow best practices. TaxCaddy , a highly secure client collaboration platform, can help.

tax preparation 64

tax preparation Tax tax return Technology 64

CPA Practice

MAY 17, 2023

The IRS is planning to roll out its own free online tax-filing system in a move that could put the agency in direct competition with online tax preparation behemoths like Turbo Tax and H&R Block.

tax preparation 52

tax preparation Tax tax return Washington 52

Nancy McClelland, LLC

JANUARY 15, 2023

As you might imagine, we get quite a few inquiries for tax preparation services, but a) we only do taxes for our small business accounting & bookkeeping clients, and b) we only work with clients in Illinois, Indiana and Wisconsin. Tax Preparer. It’s an arena rife with underrepresentation issues.).

tax preparation 52

tax preparation Tax bookkeeping Wisconsin 52

CTP

APRIL 15, 2022

As news headlines proclaim stories of tax fraud, taxpayers may wonder how they can trust that their tax preparer is abiding by ethical practices. Another example of an unconscionable fee is if a tax preparer were to take the fee but not do any of the work.

tax preparation 52

tax preparation Tax tax return tax planning 52

xendoo

SEPTEMBER 28, 2021

Due to the unprecedented challenges of 2020, the IRS extended the traditional income tax filing deadline to May 17, 2021. While it remains to be seen whether they plan to do the same for the 2021 tax year, it is a strong possibility. . The current deadline for business tax preparation and submission is currently April 15, 2022.

tax preparation 52

tax preparation Tax income tax bookkeeping 52

CPA Practice

DECEMBER 22, 2023

According to court documents and statements made in court, from 1999 to 2021, Samir Patel, of Statesboro, was a tax return preparer at a national return preparation business. As the owner, he hired, trained and supervised tax preparers, while continuing to prepare returns for customers.

Georgia 52

Georgia tax preparation Tax income tax 52

Going Concern

SEPTEMBER 25, 2023

According to his plea agreement, Fulton and his company provided bookkeeping, accounting, and tax preparation services for Wayne Joseph Nix, 46, of Newport Coast, a former minor-league baseball player who for nearly 20 years ran an illegal bookmaking business.

tax preparation 105

tax preparation Gambling accountant Account 105

Snyder

NOVEMBER 10, 2022

The biggest tax season challenge for a small business is tax preparation and filing. Most SMB owners fall into the trap of putting off taxes until the last minute because they don’t have professional tax accounting software backing them up. What is tax software? Online tax preparation + IRS forms.

tax preparation 52

tax preparation Tax tax return accounting software 52

AdviceForTaxpreparers

SEPTEMBER 4, 2014

As part of my blog Advice for Tax Preparers , I will be adding interviews other tax professionals on their advice, tips, and tricks to make your life as a tax preparer easier and more successful. click to keep reading. ].

tax preparation 100

tax preparation Tax public accounting accounting firms 100

CPA Practice

FEBRUARY 3, 2023

TNS) A Columbus, GA-based tax preparer has pleaded guilty in federal court to charges that she submitted false claims for tax credits for her clients and also failed to pay her own personal taxes. As tax season is currently underway, citizens should be reminded that committing tax fraud will lead to criminal prosecution.”

tax preparation 52

tax preparation Georgia Tax tax return 52

Withum

FEBRUARY 6, 2023

Help is a phone call/email away to work alongside our ERP and tax preparation specialists. Let’s Chat The post Why Your Accounting/ERP System Is the Key To Successful Business Tax Preparation appeared first on Withum. Contact Us Good News! Contact us for a complimentary consultation today.

tax preparation 78

tax preparation business tax Tax general ledger 78

CTP

APRIL 29, 2022

A taxpayer cannot submit a document simply to delay tax administration, that demonstrates intentional disregard of a rule, or that is otherwise frivolous and not based on guidance from a reasonable authority. If a position is deemed frivolous, both the taxpayer and the tax preparer can be penalized.

tax preparation 52

tax preparation Tax tax return cpas 52

KROST

FEBRUARY 18, 2021

Good preparers will ask to see a taxpayer’s records and receipts. They’ll ask questions to figure things like the total income, tax deductions and credits. Taxpayers should not use a tax preparer who asks them to sign a blank tax form. Before signing a tax return, the taxpayer should review it.

tax preparation 52

tax preparation Tax tax return income tax 52