Top 10 Firm Baker Tilly announced plans to acquire West Virginia-based Hayflich CPAs PLLC, in its third deal this month. Based in Huntington and founded in 1952, Hayflich provides audit, tax and advisory services, with specialties in the wholesale distribution, construction and manufacturing industries. “Hayflich CPAs has built a strong
Tens of millions of lower-income retirement savers could soon get up to $1,000 in matching contributions toward their nest eggs each year — but they’ll need financial advisors’ help. That’s the key takeaway from a report last month by The Morningstar Center for Retirement & Policy Studies and interviews with
Refunds without taxes; bouncing BOI; never too late for an Employee Retention Credit; and other highlights from our favorite tax bloggers. Judge for yourself TaxProf Blog (http://taxprof.typepad.com/taxprof_blog/): How income taxation can, and should, be used to regulate judicial misconduct when conduct rules fail. Tax Foundation (https://taxfoundation.org/blog): The German economy has
Account Sense founder & CEO Jennifer Mitchell (center) and her teamrichard Breshears Jennifer Mitchell tries not to say the words “tax season.” She is retraining herself and her staff of 11 at Washington State-based firm Account Sense to think of busy season differently, but she’s also designed it to be
Cruise operators may yet avoid paying more U.S. corporate taxes despite threats from U.S. Commerce Secretary Howard Lutnick to close favorable loopholes. Lutnick’s comments on Fox News Wednesday that U.S.-based cruise companies should be paying taxes even on ships registered abroad sent shares lower, though analysts indicated the worry may
Cruise operators may yet avoid paying more U.S. corporate taxes despite threats from U.S. Commerce Secretary Howard Lutnick to close favorable loopholes. Lutnick’s comments on Fox News Wednesday that U.S.-based cruise companies should be paying taxes even on ships registered abroad sent shares lower, though analysts indicated the worry may
Artificial intelligence took the business world by storm in 2024. Countless AI-driven tools that emerged during the past year are boosting efficiency in virtually every industry by automating the tasks that most often bog down business processes. Essentially, AI takes on the business world’s day-to-day dirty work, delivering with more
Fell a little short; oh brother; only one hitch; and other highlights of recent tax cases. Tacoma, Washington: The second of two Nigerian men residing in Canada who defrauded U.S. pandemic aid programs has been sentenced to 54 months in prison for wire fraud and aggravated ID theft. Fatiu Ismaila
Hegseth’s IRS notice; CPA exam questions; spotting cyberattacks; and other highlights from our favorite tax bloggers. Painful choices Eide Bailly (https://www.eidebailly.com/taxblog): The new Secretary of Defense claims his recent dunning letter from the IRS was a parting shot from the Biden administration. Tax controversy specialist Elyse Katz proposes a less exciting
The Internal Revenue Service is reportedly planning layoffs of thousands of first-year probationary employees in the midst of tax season, perhaps as soon as this week. The layoffs are set to occur despite assurances that the IRS would wait until May 15, a month after the end of tax season,