5 easy ways that congress could fix tax collection

industrial metal number 5yeah, we said “easy” and “congress” in the same breath. we’re optimists.

by 卡塔尔世界杯常规比赛时间 research

everyone talks about fixing the irs. but where do you start?

more: 4 ways to fix irs collections | 3 ways to improve irs levies | how the irs abuses ‘math errors’
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

we’ve found five slam-dunks that congress should be able to agree on.

 

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4 ways to fix irs collections

home foreclosure? put on the brakes.

by 卡塔尔世界杯常规比赛时间 research

tax assessment and collection – this is the juncture where taxpayers really get to know their favorite federal agency … or, if not favorite, the only one that touches virtually every working american.

more: 3 ways to improve irs levies | how the irs abuses ‘math errors’
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

it can be a heavy touch to a tender area, the one in the vicinity of the wallet. so it’s a touch that can always use improvement.

fortunately for taxpayers, the tax advocacy service  suggests 16 ways congress could make the assessment and collection touch a touch softer.
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how to guide your firm through ‘critical periods’

illustrationtake a holistic approach.

by kayleigh padar

most firms face “critical periods” as they grow in which new challenges appear, karbon’s recent practice excellence scorecard report finds. however, with some strategies firms can prepare for these stressful times and emerge unscathed, the report shows.

more: 9 key insights for practice excellence
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the study assessed 250 accounting firms and identified the common challenges firms are facing and how they’re conquering them.
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3 ways to improve irs levies

hand drawing a rainbow-colored 3because common sense isn’t always common.

by 卡塔尔世界杯常规比赛时间 research

there’s a rumor that the pillared citadel of the internal revenue service on constitution avenue has a secret room where no one ever goes. it’s the largest room in the building, yet empty save for distant echoes in the dark. the room has a name. it’s called the room for improvement.

more: how the irs abuses ‘math errors’ | taxpayers deserve better receipts | troubles with irs private debt collection | what difference does one word make? | what’s the real impact of irs audits? | data divers profile taxpayer filing styles
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ok, that’s an exaggeration. the irs is constantly improving, at least when congress gives it the funds to do so.

but that doesn’t mean the room isn’t there.
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9 key insights for practice excellence

illustration listing key insightsbe ready for growing pains.

by kayleigh padar

karbon’s latest practice excellence scorecard report reveals nine key insights to promote success – from suggesting expert help to reminding firms to consistently update business processes.

the study has assessed 250 accounting firms so far and identified the common challenges firms are facing and the ways they’re overcoming them.

the data from the report is used in karbon’s new interactive quiz, which scores a firm compared to other firms and provides insight on what areas firms should improve on.
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how the irs abuses ‘math errors’

businesswoman with headache at laptopoic fees, partial payments are counterproductive.

by 卡塔尔世界杯常规比赛时间 research

improve the internal revenue service?

yes, it is still possible.

one general area that could use some big-time tweaking is that of tax assessment and collection procedures. the national tax advocate has found no fewer than 16 ways to make the irs more fair and more efficient.

which ones would you recommend? read more →

are you ready for the new lease accounting standard?

dart stuck in bull's-eye of dartboard8 steps to take.

at the start of 2019, the implementation deadline for the financial accounting standards board’s (fasb) new lease accounting standard passed for public companies.

now, the focus – and pressure – is on privately held organizations, which must adopt the requirement by 2020.

and new research suggests that many of these firms may find themselves scrambling to meet the deadline for compliance.
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the #1 problem: staffing, staffing, staffing

client

smallest firms plagued most by growing tax complexity. 

via aicpa

staff recruitment remains the top issue for most cpa firms, while growing tax complexity and risk management regarding privacy and data security are rising challenges, new research by the aicpa shows.

today’s best talent, career, and growth strategies
join the survey: get the answers.

“finding qualified staff” is the no. 1 issue for every firm-size segment except sole practitioners, according to the 2019 pcps cpa firm top issues survey, matching the topline results from the last survey two years ago.

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recession-proofing your business

source: aicpa

accountants in industry and in practice are taking a dimmer view of the economic and business outlook

by 卡塔尔世界杯常规比赛时间 research

recession-proofing your practice:
join the survey. get the results.

new 卡塔尔世界杯常规比赛时间 soundings show concerns are building among both public and corporate accountants about the outlook for both the u.s. and global economies.

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the abcs of building a financially healthy medical practice

portrait of reed tinsley
tinsley

checklist: 24 practice statistics you should benchmark for medical-office clients.

by reed tinsley

reed tinsley, cpa is a houston-based cpa, certified valuation analyst and health care consultant at rtacpa.com. he works closely with physicians, medical groups and other health care entities with managed care contracting issues, operational and financial management, strategic planning, and growth strategies. his entire practice is concentrated in the health care industry.

as changes continue to occur in the health care industry, physicians are taking a hard look at the numbers of a medical practice and gauging whether the year at hand will be economically successful.

to analyze the productivity of the practice, physicians depend on accurate and timely information. however, with the focus of every practice on delivering quality health care, the financial side often becomes neglected or ignored. this is where you, as their cpa, come in. read more →

deducting litigation expenses: new appellate court decision

statue of scales of justiceauditors said the activity wasn’t profit-seeking.

portrait of christopher demayo
demayo

by christopher m. demayo
withum

the fifth circuit court of appeals issued a decision on march 29, 2019, that explains some of the requirements for deducting litigation expenses.

the facts of the case are bizarre, but the controlling legal principles are not.

in a nutshell, the taxpayer was the sole shareholder of a company that was a commercial cleaning franchisor (“company”). in november 2002, the taxpayer traveled on vacation with his girlfriend and two employees of his company to the caribbean island of st. maarten, where he owned a home. one of the employees was a bodyguard and the other was a former girlfriend.

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