High Quality Work…Great Customer Service.
In the previous installment of this series, I wrote about the usefulness of knowing your client’s family tree. After all, these are the folks who are impacted by your client’s financial decisions. There are other important relationships you need to understand in order to be your client’s most trusted advisor — their professional network. These […]
The Internal Revenue Service announced that it is going to let charities and nonprofits electronically apply for tax-exempt status with a newly revised Form 1023, starting later this month. The move comes after complaints that applications for tax-exempt status have been taking too long. In 2013, a scandal erupted over applications for Section 501(c)4 tax-exempt […]
New clients might be the last thing harried tax preparers want to see a couple months from now, but conventional wisdom says that season’s opening marks a good time for last-minute marketing. Is this wisdom true, and what do preparers do to get the word out this early in the filing season? “We work on […]
RSM US has awarded nine of its employees $90,000 ($10,000 each) and nine paid-time-off days as part of the firm’s Pursue Your Passion program. Started in 2016 to honor the firm’s 90th anniversary, Pursue Your Passion annually selects a group of ambitious winners via a team comprising staff members and partners. “At RSM, we understand […]
The Internal Revenue Service has convinced nearly 80 percent of the taxpayers who received settlement offers after engaging in micro-captive insurance schemes to accept the settlement terms. But there are still thousands of other taxpayers who have participated in what the IRS considers to be “abusive” insurance transactions, and the agency is setting up 12 […]
Nichols, Cauley Associates LLC, a firm in Dalton, Georgia, has added the Morehouse Group, a firm based in the same city, expanding Nichols Cauley’s presence in North Georgia. The Morehouse Group partners and staff will be moving into the recently renovated parts of Nichols Cauley’s existing Dalton office. They include Penny Carpenter, Jerry Watkins, Karen […]
Several recent tax law changes promise to help religious groups, houses of worship, charities, private foundations, utilities and other tax-exempt organizations, according to the Internal Revenue Service. The Taxpayer Certainty and Disaster Tax Relief Act, which Congress passed in December, includes some provisions that can apply to tax-exempt organizations’ current and previous tax years. The […]
A group of IRS stakeholder organizations has submitted a letter to the Treasury Department and the Internal Revenue Services with suggestions on the implementation of the Taxpayer First Act. The group includes the American Institute of CPAs, alliantgroup, HR Block, the Latino Tax Professionals Association, the National Association of Enrolled Agents, the National Association of […]
Very deconstructive; snowboard job; matters of discipline; and other highlights of recent tax cases. Heppner, Oregon: Dr. Kenneth Wenberg, 73, has been sentenced to a year and a day in prison and three years of supervised release for failing to report income resulting in a tax loss of some $128,000. Dr. Wenberg created nominee entities […]
Gilded has released a first-of-its-kind open finance platform built on a blockchain. The platform offers accounting, payments and invoicing functionality. Gilded takes care of everything from invoicing and payments, to accounting and tax reporting for cryptocurrency. The system offers non-custodial verification of crypto payments and support for Coinbase, a crypto exchange platform. Of course, in […]
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