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1040 Tax Plus Services LLC is an Authorized IRS tax preparation provider and we offer top notch tax preparation services.
Learn MoreSome people do their taxes themselves and often-times they leave money on the table via missed deductions etc. There are lots of great software to help with that, but no software will reveal all of the possible deductions that maybe available.
Learn MoreWe provide big firm service without big firm prices. Our prices are not the cheapest, neither are they the most expensive. They are very competitive. But our service is top-notch, so don't sell entrust such an important matter as your tax returns with just anyone.
Learn MoreThe Institute of Management Accountants is planning ahead for next year’s 100th anniversary of the organization, which it will be getting an early start on next month at its annual conference, where it also plans to roll out its long anticipated Competency Framework. “We officially celebrate it next June in San Diego, but start the […]
As accounting firms know, they have the responsibility to protect client data, both ethically and legally under various laws, regulations and professional standards, such as the Gramm-Leach-Bliley Act, which was enacted to protect consumers’ private financial information by restricting the collection and disclosure of nonpublic personal information and imposing certain security requirements on covered organizations. […]
AuditFile has introduced a free add-in report writer tool for Microsoft Word that works with the company’s audit automation software. The AuditFile Report Writer Toolbox helps audit and assurance professionals link from financial statements, reports, schedules and other workpapers directly to relevant data in the AuditFile trial balance tool. The add-on tool extends AuditFile’s existing […]
FloQast, a startup company that provides close management software for accountants, has debuted Perm Docs, a new feature that centralizes the storage of important supporting documentation needed for a given close or subsequent audit, but not tied to only a single time period. Perm Docs, short for “permanent documents,” can include policies and procedures documentation, […]
The Internal Revenue Service has issued a revenue procedure providing the 2019 inflation-adjusted amounts for health savings accounts. In Revenue Procedure 2018-30, the IRS said the annual limitation on deductions for an individual with self -only coverage under a high deductible health plan is $3,500 for calendar year 2019. Also for next year, the annual […]
Scheffel Boyle raises $6.1K for Big Brothers Big Sisters of Southwestern Illinois Illinois firm Scheffel Boyle CPAs recently took part in their annual Bowl for Kids’ Sake fundraiser on April 24 in Edwardsville, benefiting Big Brothers Big Sisters of Southwestern Illinois. Staff members raised $6,100 in all for the organization. “Every year our teams go […]
The Internal Revenue Service issued a warning Thursday about a new variation on a scam involving requests by criminals who pretend to be working for the IRS asking for bank information from international taxpayers and non-resident aliens. The crooks mail or fax a letter to unsuspecting victims asking them to fill out a copy of […]
Now that tax season is over, audit season has arrived. Based on statistics released in the 2017 IRS Data Book, the audit rate for individual tax returns is the lowest it’s been since 2002. It’s currently 0.6 percent, or about one in every 160 returns. That rate amounted to 934,000 audited returns in 2017. While […]
The Public Company Accounting Oversight Board barred two former senior partners and CEOs at Deloitte Turkey after the firm was found to have improperly altered documents ahead of a PCAOB inspection. The PCAOB found that the partners, Hüseyin Gürer and Gökhan Alpman, who both served as chief executive officers of Deloitte Turkey (officially known as […]
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