merger joins jody grunden, author of “building the virtual firm in the cloud,” with bob minkler jr.’s top 100 super-regional.
anthony zecca, author of 卡塔尔世界杯常规比赛时间’ “leading from the edge,” advised.
– more grunden here | see “building the virtual cfo firm in the cloud” by grunden | more zecca here | see “leading from the edge” by zecca
e-commerce changes everything.
avalara, the tax compliance automation software provider, has opened registration for crush, its sixth annual tax, and technology event. the virtual conference will take place may 17–18, 2022. registration is free at avalaracrush.com.
“e-commerce has erased borders and created new channels for businesses of all sizes. at the same time, our omnichannel economy has created new and expanded compliance challenges,” said scott mcfarlane, co-founder, and ceo of avalara. “during this year’s global virtual event, we aim to help businesses understand the global tax landscape and equip them with the tools they need to keep compliance from getting in the way of growth.”
headline sessions for crush include: read more →
we may be miserable but the money is rolling in.
by 卡塔尔世界杯常规比赛时间 research
how does your tax practice measure up?
join the survey. get the results.
ai-powered fintech to deploy funds for product development and marketing.
trullion, which promises to help automate lease accounting, says it has closed $15 million in series a funding, co-led by aleph and third point ventures, with participation from existing investors greycroft and verissimo ventures, and seasoned financial executives including jody padar, “the radical cpa” at 卡塔尔世界杯常规比赛时间.
see: trullion: new a.i. startup targets rev rec, lease accounting
“accounting errors due to incorrect data entry, omissions, and compliance oversights can cost organizations millions of dollars and harm their brand reputations, yet it’s still all too commonplace for manual, laborious practices to pervade,” says isaac heller, co-founder, and ceo of trullion.
first stats show 4 million refunds delivered in opening days.
both could be simple and cheap. if only.
by 卡塔尔世界杯常规比赛时间
the irs has been making some progress in improving the functionality of individual taxpayer online accounts. progress has been slow but in the right direction.
more tax: imagine a fully online irs | the real cost of interstate sales tax | irs at death’s door? | beyond tax prep: the big cha-ching! | crisis at the irs | the irs’s 10 biggest problems | fear and loathing for tax season ’22 | padar joins vc-backed tax fintech for banks | covid chokes an already crippled irs | tax regs for the metaverse | 10 steps to a superior tax department | accountants critical of competitor price-cutting | automate busy season with apps you already use | sales & use tax costs are higher than anyone thought | survey: nobody loves the wayfair decision | busy season forecast: more chaos | a woman named wanda leaves an ira nightmare | are you under-pricing your client accounting services? | your best advice: get smart, get tech, get moving | worries for small business clients |
- more in tax season here | more in research & surveys here | more in the 卡塔尔世界杯常规比赛时间 shop here
pro members: log in here or 2022世界杯足球排名 today.
now it’s time for the irs to aim for two huge new improvements: online accounts for businesses, and expansion of the functionality of tax pro accounts for tax practitioners.
a lot. it’s bad and getting worse.
by 卡塔尔世界杯常规比赛时间
taxpayers and their tax preparers have a right to be informed about what’s happening at the internal revenue service. it’s the law, duly legislated and mandated by the u.s. congress in the taxpayer bill of rights.
but that doesn’t mean it actually happens.
more: irs at death’s door? | beyond tax prep: the big cha-ching! | crisis at the irs | the irs’s 10 biggest problems | fear and loathing for tax season ’22 | padar joins vc-backed tax fintech for banks | covid chokes an already crippled irs | tax regs for the metaverse | 10 steps to a superior tax department | accountants critical of competitor price-cutting | automate busy season with apps you already use | sales & use tax costs are higher than anyone thought | survey: nobody loves the wayfair decision | busy season forecast: more chaos | a woman named wanda leaves an ira nightmare | are you under-pricing your client accounting services? | your best advice: get smart, get tech, get moving | worries for small business clients |
- more in tax season here | more in research & surveys here | more in the 卡塔尔世界杯常规比赛时间 shop here
the irs has never been especially good at providing information. taxpayers have a hard time finding out:
five reasons business clients are ready for tax advisory services.
by 卡塔尔世界杯常规比赛时间
question: if half your tax clients were buying planning or advisory services for five times what they’re paying for tax prep, what would that add up to?
answer: a big cha-ching!
more on tax season: crisis at the irs | the irs’s 10 biggest problems. here are just the first five. | fear and loathing for tax season ’22 | padar joins vc-backed tax fintech for banks | covid chokes an already crippled irs | tax regs for the metaverse | 10 steps to a superior tax department | accountants critical of competitor price-cutting | automate busy season with apps you already use | sales & use tax costs are higher than anyone thought | survey: nobody loves the wayfair decision | busy season forecast: more chaos | a woman named wanda leaves an ira nightmare | are you under-pricing your client accounting services? | your best advice: get smart, get tech, get moving | worries for small business clients |
- more in tax season here | more in research & surveys here | more in the 卡塔尔世界杯常规比赛时间 shop here
this may be the season for tax filing, but accountants failing to leverage prep into planning and advisory are missing out on a lot of potential revenue.
the average annual fee for tax planning and advisory services is $2,351—five times the average annual tax prep fee of $459, according to a new study. read more →
sound-off: how would accountants fix the irs? join the survey. get the results.
by 卡塔尔世界杯常规比赛时间
tax preparers and taxpayers aren’t the only ones with tax problems. the irs has problems, too.
ten of those problems have been laid out in an annual report to congress from the taxpayer advocate service.
how to save the irs?
make your voice heard:
join the survey. get the results.
we covered the top five here. and here are the next five explained. read more →
here are just the first five.
by 卡塔尔世界杯常规比赛时间 research
america’s taxpayer advocate service—an independent watchdog agency within the irs—has identified the ten most serious problems at the irs.
more: fear and loathing for tax season ’22 | padar joins vc-backed tax fintech for banks | covid chokes an already crippled irs | tax regs for the metaverse | 10 steps to a superior tax department | accountants critical of competitor price-cutting | automate busy season with apps you already use | sales & use tax costs are higher than anyone thought | survey: nobody loves the wayfair decision | busy season forecast: more chaos | a woman named wanda leaves an ira nightmare | are you under-pricing your client accounting services? | your best advice: get smart, get tech, get moving | worries for small business clients |
- more in tax season here | more in research & surveys here | more in the 卡塔尔世界杯常规比赛时间 shop here
by “problems,” the tas means the difference between what taxpayers want and what the irs delivers. unfortunately, tax preparers trying to bridge the gap between the two often end up taking grief for failing to do the impossible.
understanding the problems at the irs end can help practitioners explain the situation. here are the top five: read more →
accounting today’s top 100 most influential people list includes 39 figures connected to 卡塔尔世界杯常规比赛时间.
deal follows the acquisition of track1099.
avalara, a provider of tax compliance automation software for businesses of all sizes, is acquiring crowdreason llc, a developer of saas-based property tax compliance applications, as well as a related property valuation and advisory services business to help solve property tax compliance challenges.
acquiring leaders in tax compliance verticals has been core to avalara’s mission and growth strategy since its founding. earlier this month, avalara acquired track1099, which automates the managing, filing, and delivery of irs forms, including 1099s, w-9s, and more. with the acquisition of crowdreason, avalara furthers its mission of being the leading global compliance automation provider.
why estate planners may now need to re-think an uncountable number of revocable trusts in at least 30 jurisdictions.
by seymour goldberg, cpa, mba (taxation), jd
the practitioner’s guide to the ira distribution rules under the secure act
a kansas court case may make it necessary to redo many ira trusts and change them from revocable trusts to irrevocable trusts, affecting an untold number of estate plans in at least 30 jurisdictions. the case revolves around a woman named wand and a $93,314.48 promissory note to a bank.
wanda was living in a retirement home and getting by on medicaid when she died in 2003, leaving an estate that owed more than it owned. wanda’s ira accounts were set up to be payable to her revocable trust. but the court ruled that, because the estate’s assets were inadequate, the bank could seize wanda’s ira accounts.
more: why you really need a protective trust | irs updates pub. 590b on ira distributions | irs pledges to fix secure act 10-year rmd rule
so, from an asset protection point of view, it may be worthwhile to use an irrevocable standalone trust, instead of a revocable standalone trust, as the beneficiary of an ira account. this may be especially true in jurisdictions that have adopted versions of the uniform trust code.
the reason this case is so important is that during an ira owner’s lifetime, ira accounts are protected from creditors, except the irs, of course. but there has never been a case prior to the kansas case in which the deceased ira owner’s creditors – other than the irs – could collect from a beneficiary of a deceased ira owner’s ira account unless the beneficiary the ira account of the deceased ira owner was his or her estate.
since many attorneys in the u.s. use revocable trusts in estate planning and not irrevocable trusts, there may be many revocable trusts that have been selected as the ira owner’s beneficiary of his or her ira account. based on the kansas case, it may be necessary to review an uncountable number of trusts and change them from revocable to irrevocable trusts.