As the accounting landscape is ever evolving, the ability to adapt is key. Firms seeking business growth need to shift towards leveraging digital strategies to win. Search engine optimization stands out as a powerful tool for attracting clients. In this article, we’ll dive into a few ways accounting firms can
Bloomberg via Getty Images Tax practitioners can now register for the 2024 IRS Nationwide Tax Forums taking place this summer, with more than 40 sessions on tax law and ethics, beneficial ownership information, cybersecurity, tax scams and schemes, digital assets and clean energy credits. CPAs, Enrolled Agents, Annual Filing Season Program participants
Deloitte auditors have been turning their attention to climate risks affecting clients who need to deal with a growing array of regulations and laws around the world as the pace of climate change accelerates. With Monday, April 22, marking the 54th anniversary of Earth Day, the accounting profession is playing
The Internal Revenue Service’s criminal investigators have been on the lookout for tax evasion by so-called “ghost employers” who don’t pay employment taxes, and over 30 cases have been prosecuted in recent years, but the problem is far larger, according to a new report. The report, released Thursday by the
The Internal Revenue Service previewed a draft version of the Form 1099-DA on Friday for crypto brokers reporting on the proceeds of digital asset transactions to their customers. The form is the result of the bipartisan Infrastructure and Investment Jobs Act that President Biden signed into law in 2021, which
The Public Company Accounting Oversight Board says there are significant and consistent deficiencies in auditors’ evaluations of audit evidence. According to a new spotlight report released Thursday by the PCAOB, approximately 17% of comment forms in both the 2021 and 2022 inspection cycles contained deficiencies where the auditor did not
Speedy decision; trouble in paradise; diplomatic imbecility; and other highlights of recent tax cases. Waxahachie, Texas: Tax preparer Bachary Rushid McGruder, 45, has been sentenced to three years in prison and ordered to pay more than $6.7 million in restitution to the IRS. McGruder, owner of M&M Enterprises and Consulting,
The Public Company Accounting Oversight Board plans to host a series of five in-person forums this year, with different members of the board visiting cities including Chicago, Los Angeles, Denver, Miami, and Jersey City. The forums will focus on auditing in the small business environment and on auditing broker-dealers. The
The Internal Revenue Service is extending tax relief on required minimum distributions from retirement accounts not made in 2024 after providing similar relief in recent years. In Notice 2024-35, the IRS said Tuesday such relief was provided with respect to certain RMDs in 2021, 2022 and 2023, and is being
The Internal Revenue Service is waiving penalties to companies that fail to pay their estimated taxes for the first quarter for the corporate alternative minimum tax. In Notice 2022-33, the IRS said Monday the relief notice applies only for calculating the installment of estimated income tax of a corporate taxpayer