tax

help business clients lower property tax assessments

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profile of man shouting tax and other, starred-out wordssome property owners pay inaccurate property tax levels by as much as 20% to 30%.

by josh malancuk with jm tax advocates

with cash-starved states and municipalities looking under every nook and cranny for revenue, manufacturers with lots of fixed assets and personal property are generally taking it on the chin when it comes to their property tax assessments.

more: six kinds of loan covenants | 26 ways to wreck a financial projection | three ways to run a break-even analysis | price not always the top consideration in a sale | when an owner dies without a buy-sell agreement | due diligence is in the details
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many of your business clients, especially manufacturers, sense their assessments are too high. but most don’t have the time, resources or expertise to challenge their assessment through the protest or appeal process before the deadline. and so, overpayments continue for another cycle and then again, and again and again. that’s what assessors count on. but you owe it to your clients to keep your assessors accountable through available appeals and to help them avoid overpaying taxes year after year.

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irs embracing stakeholders

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partnership, feedback sought.

by 卡塔尔世界杯常规比赛时间 research

the internal revenue service recognizes that it cannot achieve effective tax administration alone, that it must include a broad ecosystem of stakeholders.

more: coming soon: new ways to pay the irs | irs to speed up issue resolution | irs sets milestones for radically new service | irs promises 12 customer service initiatives | should tax preparers be certified competent?
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in other words, taxation takes a village.

the irs’s new strategic operating plan 2023-2031 delves into the breadth and variety of stakeholders.
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coming soon: new ways to pay the irs

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person using credit card to pay bill onlineimprovements will be made over four years.

by 卡塔尔世界杯常规比赛时间 research

americans are used to paying for things online, over the phone, through bank transfers, with automatic renewals, with credit cards, digital wallets and checks in the mail, not to mention a variety of specialized banks, such as paypal and venmo, and even good ol’-fashioned cash.

more: irs to speed up issue resolution | irs sets milestones for radically new service | irs promises 12 customer service initiatives | should tax preparers be certified competent? | irs: let the sun shine in … and out | irs has big plans for its $80 billion | can’t irs tax pro accounts do more? | hello? irs? anybody home? | taxpayer assistance centers need upgrade | at the irs, short on staff means short on service
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

to the frustration of millions of american taxpayers, the internal revenue service, until recently, has accepted payments only with 19th-century technology.
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irs to speed up issue resolution

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woman looking at tablet at outdoor tablea triad of good intentions.

by 卡塔尔世界杯常规比赛时间 research

a lot of the backlog at the internal revenue service is because of simple errors that compound their own complications. arithmetic boo-boos too easily snowball into backlogs, bankruptcies and court cases.

more: irs sets milestones for radically new service | irs promises 12 customer service initiatives | should tax preparers be certified competent? | irs: let the sun shine in … and out | irs has big plans for its $80 billion
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

it might start off with a simple math error or misplaced deduction.
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pros end tax season filing 53% of returns

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in sheer numbers, they fared the same as last year.

by beth bellor
卡塔尔世界杯常规比赛时间 research

the april 18 deadline for individual income tax returns came and went, leaving a scattering of negative figures in its wake. the largest ones had dollar signs attached: average refunds down nearly 9 percent, total refunds down 11 percent.

more: tax refunds down 8 percent | pros filing 54% of individual tax returns | average tax refunds down 10% | tax pro e-filings up 3% | pros handle 45% of income tax returns | only 39% of tax returns filed by pros | tax season opens with refunds up 85%
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the internal revenue service received 137.1 million returns, down 1.3 percent from 2022, according to data released for the week ending april 21. it processed 134.7 million returns, up 0.7 percent – the only positive in our report.
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four reasons to perform tax projections

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fountain pen on word "tax"make sure the client sees the value.

by ed mendlowitz
the 卡塔尔世界杯常规比赛时间 practice doctor

many accountants do tax projections. some clients get projections who should not, but there are many who do not, who should.

more: four additional services to suggest
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here are some insights about preparing and charging for them.
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why tax planning matters so much to the wealthy

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money tree growing in the middle of green meadowmake the boom in these services work for you.

by anthony glomski and russ alan prince
your $5-million high-net-worth practice

tax planning is in very high demand by the wealthy, growing exponentially in importance as you move up the wealth hierarchy.

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

for a large percentage of the super-rich (net worth of $500 million or more) with various private company interests, astute tax planning is the most valuable expertise – far exceeding other services such as investment management.
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irs sets milestones for radically new service

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calendar pages turningwhat’s promised between now and the end of 2027.

by 卡塔尔世界杯常规比赛时间 research

funded with $80 billion in new appropriations, the irs has laid out detailed plans for overhauling the service with better customer service, more online options and a modernized information technology system.

more: irs promises 12 customer service initiatives | clientele and revenues rising, but … | should tax preparers be certified competent? | irs: let the sun shine in … and out | irs has big plans for its $80 billion | can’t irs tax pro accounts do more? | hello? irs? anybody home? | taxpayer assistance centers need upgrade
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

it’s an ambitious – and necessary and long overdue – plan. can the irs pull it off?

we’ll know they can do it if they manage to hit the milestones they’ve set for the next few years. if they do, the united states may be on the road to a just and user-friendly system of tax collection.
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pros filing 54% of individual tax returns

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data tabletotal refunds down 10 percent.

by beth bellor
卡塔尔世界杯常规比赛时间 research

with 11 days to go in the tax season, the internal revenue service was seeing red. only two of its weekly data points were on the plus side, and those at less than 1 percent.

more: average tax refunds down 10% | tax pro e-filings up 3% | pros handle 45% of income tax returns | irs processing returns as fast as it gets them | only 39% of tax returns filed by pros | tax season opens with refunds up 85%
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the irs received 101.3 million individual income tax returns as of april 7, the latest data available. that’s down 1.9 percent from the same period in 2022.
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irs promises 12 customer service initiatives

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illustrative flowchart of customer servicebut can it deliver?

by 卡塔尔世界杯常规比赛时间 research

the inflation reduction act, which increases the irs budget by $80 billion over the next 10 years, has already allowed the irs to write a new strategic operating plan for the years 2023-2031.

more: clientele and revenues rising, but … | should tax preparers be certified competent? | have no fear, april is here | should tax preparers be certified competent? | irs: let the sun shine in … and out | irs has big plans for its $80 billion | can’t irs tax pro accounts do more? | hello? irs? anybody home?
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

but can the irs really accomplish what it plans?

if so, we could see a wonderful new tax collection agency that is fair, efficient, helpful, modern and serious about enforcement.
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clientele and revenues rising, but …

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… is expansion cutting into profits?

by 卡塔尔世界杯常规比赛时间 research

client rosters, revenue and profits all seem to be rising, according to the 卡塔尔世界杯常规比赛时间 busy season barometer – and rising more than expected.

more: should tax preparers be certified competent? | have no fear, april is here | survey: busy season looking good | on business outlook, cpas are confident … and concerned | tax pros offer advice for small businesses | busy season barometer finds many cpas in transition | more cpas see worsening economy | has early tax season optimism peaked?
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

most impressive, and curious, is the radical rise in numbers of clients. for 22 percent of respondents, clientele has expanded by more than 10 percent. another 43 percent have seen increases of 5 to 10 percent. only 13 percent have seen any significant decrease.
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