354 search results for stitely

what’s the irs hiding?

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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 |

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the irs has never been especially good at providing information. taxpayers have a hard time finding out:

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claiming the r&d tax credit (the right way)

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crabtree

how to save clients money while staying off the irs ‘dirty dozen’ list.

a conversation with randy crabtree, cpa

randy crabtree is co-founder and partner of tri-merit specialty tax professionals, a widely followed author, lecturer, and the host of “the unique cpa” podcast.

under new rules, taxpayers filing a valid r&d tax credit claim for refund under irc 41 must provide, at minimum, five essential pieces of “contemporaneous documentation.”

here crabtree addresses a few of the biggest questions.

the new rules include:

  1. all business components that form the factual basis of the r&d tax credit claim for the claim year.
  2. all research activities performed by business component (i.e., this must include a description of what the taxpayer did, and how they did it, by business component).
  3. all individuals who performed each research activity by business component. (i.e., this can be a list, table, or narrative but must include the first and last name, and the title/position of the person or persons engaged in the r&d by business component).
  4. all the information each individual sought to discover by business component. (i.e., this can be a list, table, or narrative providing the information each individual sought to discover).
  5. the total qualified expenses of employee wage expenses, supply expenses, and contract research expenses.

question: randy, why is the irs suddenly clamping down on those claiming the r&d tax credit? has there been a spike in fraud?

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what makes a partner

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checklist: the 16 big responsibilities for any partner.

by marc rosenberg

when managers become new partners, they face numerous changes.

more: the 17 rules for making partner at a cpa firm | who shouldn’t be a partner? | nine reasons people are promoted to partner | how to make partner
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

those include some things they’re entitled to … and not. read more →

covid chokes an already crippled irs

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can busy season get any worse? we’re about to find out.

irs workloads up, budgets down
irs workloads up, budgets down

by 卡塔尔世界杯常规比赛时间

the year 2021 gave tax preparers and taxpayers one big mutual hope — the hope that such a year never happens again.

more for tax season 2022: eight ways to charm a client | prepping for tax season: plug small leaks before they become big floods | four issues with ‘quick’ tax questions | updated: accountants critical of competitor price-cutting | when to pick up the phone this tax season | get your team ready for tax season | automate busy season with apps you already use | these five procedures will simplify your tax season | 11 steps to better client tax instructions | 12 ways to squeeze fun into tax season | six ways to get paid faster | survey: worries for small business clients | busy season forecast: more chaos |

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

and just in case congress didn’t get the message, national tax advocate erin m. collins submitted to that august body an annual report that pulled no punches and spared no explication. the new filing season starting jan. 24 could bring hitherto unbelievable problems.

the situation, she said, was dire. read more →

tax regs for the metaverse

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and 19 more tax issues for the wild world of e-commerce you didn’t know you needed to worry about.

by 卡塔尔世界杯常规比赛时间

if you, as an accounting or tax professional, aren’t uneasy (if not terrified) by the whirl of the scary new world, you aren’t paying attention.

more in tax: sales & use tax costs are higher than anyone thought | survey: nobody loves the wayfair decision | salt: the small business disaster waiting to happen | avalara launches new tax automated compliance apps for accountants at all levels of practice | 10 steps to a superior tax department | automate busy season with apps you already use | busy season forecast: more chaos | how charlatans, creeps, and ghosts plague the tax profession |

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

it isn’t just the perpetual pandemic, the clogged logistics, the turbulent politics, the automating algorithms, the climate catastrophes, the evolving economics, and the rush of rules and regs. it’s that, and more, all interlocked in global business and tax regimes that interact with each other and keep causing each other to change.

avalara’s sixth annual “tax changes” guide rolls out a tsunami of information that generates a tsunami of questions (so far, we have 20) that every number-cruncher—small, medium or large—should at least look at. read more →

stop complaining and start innovating

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the pandemic requires new thinking with new business models.

by tamera loerzel

considering the many long-term ramifications from the pandemic on the accounting profession, i would start with a “clean sheet of paper” to position your firm for future success,

more: private equity at the gates | 12 shifts to ensure firm success | how to reinvent the firm for the covid age | why it’s time for an acquisition | three ways the accounting profession has changed | ramping up for the year ahead
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

firms today require new thinking, new business models, and new ways of operating, staffing, managing work, and measuring success.

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automate tax season with apps you already use

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make automation take the load off this busy season.

by donny shimamoto
center for accounting transformation

between tax law changes and the pandemic, the last two busy seasons have been a bear for tax preparers to deal with.

related: discover your accountant superpowers | what auditors know about amazon product ratings | non-cpa “cpa” firms? really? |

while there is still some volatility and uncertainty around what the next busy season will look like, tax preparers should consider the following technology-related initiatives now so they can proactively equip their firms for the coming busy season. this should enable staff to have more work-life balance during the busy season and increase the firm’s ability to recruit and retain talent.

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want to be a partner? meet these 17 expectations

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//www.g005e.com/2021/03/23/17-basic-expectations-of-partners/plus four super basics.

by marc rosenberg
the rosenberg practice management library

we’ve all heard the names given to various generations of people over the past century. the lost generation. the greatest (wwii) generation. the silent generation. baby boomers. gen x. millennials. gen z. though i don’t know of any studies on this, i’m quite sure that every generation of cpa firm ownership has complained – bitterly – about the younger generation.

more: five reasons not to make someone a partner | yes, you need another partner | what prospective partners should ask their firm | making partner: 15 steps to the buy-in | drive your profits with only four metrics
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

baby boomers and gen xers love to complain that today’s staff don’t want to be partners. they cite this as a major reason why it’s so difficult to bring in new partners.
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