financial service firms — banks, investment advisors, insurance companies, etc. — account for three-quarters of the tax returns filed by all large corporations. so why, then, is the irs allocating only 15% of its corporate revenue agents to the sector? … continued
some cpas are ahead of the curve. here’s one of them. kathleen huston, head of mcguire williams cpas, posts: ah, how do you make tax meetings less painful and less dry? meet and greet at starbucks. you get to swill … continued
contrary to irs claims last year, audit rate for wealthy americans sharply declines. according to agency data obtained by the transactional record access clearinghouse in syracuse, n.y.: the significant turndown in audits for richer americans from fy 2007 to fy … continued
most tax professionals are having at least as good or better season this year. but the economy threatens fees and collections. join the survey; get the updates. the latest data show for the week ended march 15, 34% of practitioners … continued
busy season this year comes amidst the worst economic crash in a generation. how are cpas handling it? actually, not too badly. at least not yet. true, the economy remains the biggest worry, and collections could become an issue. but … continued
how big a problem will it be? leave a comment, then join the survey; get the answers. by rick telberg/at large the economic crash is taking its toll on cpas this busy season, with clients running late, coming in disorganized … continued
the recession may be the single biggest factor affecting tax professionals in this year’s busy season. but, in the end, it’s all about clients. ask a cpa, “what the biggest difference about your tax season this year?” and, collectively, they’ll … continued
dave mcclure picks the five top web sites for tax season. domino’s pizza is no. 5, at www.dominospizza.com. dave says: you can pretend that you don’t order pizzas during tax season, but no one will believe you. that’s why dominos … continued
and 7 ways to learn to love it instead. Â how’s your tax season so far? join the survey, compare results with your peers. by rick telberg/at large tax professionals may be embarking on one of their busiest busy seasons in … continued
free download: genworth financial’s reg 7216 client consent sample forms, here:Â word doc.
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accountants too often fall into the trap of relying too heavily on their tax preparation software. “they look at the input screen and think it will prompt them for questions to ask, and they’ll get their clients all the deductions … continued
the aicpa tax section is today providing several examples of consent forms which have been developed by cpa members for their discussions or consultations with individual clients. get the free download: four sample consent forms (word document, 8 pages) according … continued