new study reveals widespread weaknesses in accounting firm technology strategies.
by rick telberg
卡塔尔世界杯常规比赛时间 research
accountants aren’t known for their risky decisions. quite the opposite, in fact. in most things, accountants are paragons of caution and care.
that’s, “in most things.”
but as the “accounting firm operations and technology survey,” published by 卡塔尔世界杯常规比赛时间, shows again and again, accountants are taking sometimes potentially disastrous risks with their firms and – worse – with their clients. read more →
fy 2016 budget provisions would expand authority for regulation, correctable errors.
refund fraud, especially that caused by identity theft, remains “an ongoing battle” for the irs, commissioner john koskinen said in testimony about the 2015 tax season before the house ways and means committee’s subcommittee on oversight.
“for that reason, and in spite of our budget constraints, we have continued to focus as much of our resources as possible on improving our efforts against identity theft,” he said, improving filters used to detect suspicious returns as they come in at a rate of more than 2 million suspicious returns so far, which is over 500,000 more than last year at this time. read more →
growing business draws on high-level skills and special talents.
plus: professional resources and cpe.
by 卡塔尔世界杯常规比赛时间 research
cannabizcpa.pro
attention cpas: there’s a big new niche opening in your area soon, but are you up to speed on accounting for a legal business that sells an illegal product?
dude, get with it. the united states – some of the states, anyway – is opening up the biggest niche this side of the rio grande. read more →
budget cuts remain a concern.
by 卡塔尔世界杯常规比赛时间 research
no matter what you think of your 2015 tax season, the irs thinks it had it worse.
commissioner john koskinen testified about the season before the house ways and means committee’s subcommittee on oversight, and said even opening on schedule was a “major accomplishment” because of additional preparation needed for the affordable care act and the foreign account tax compliance act, as well as a system update reflecting december’s tax extender legislation. read more →
tax professionals kept 59 percent of the e-filing segment.
when all the clicking and cursing was done, the irs had received more than 132.2 million individual tax returns this year, up 0.8 percent from 2014. as of april 17, it had processed 126.1 million of them, up 0.4 percent from last year and a rate of 95.4 percent for the season’s receipts.
related: tax preparation fees: the national averages [infographic] | irs form 3115: a sin and a travesty | accountants see solid business gains in 2015 | as market share slips away, accountants look beyond the 1040 | irs emerges as major tax season competitor read more →
more at cannabizcpa.pro
with so many “cannabusinesses” springing up, nbc news asks, who will do their accounting? cpa jim marty started an accounting firm in 2013 solely to service companies that work in the legalized marijuana industry. marty’s firm bridge west cpas may be the pre-eminent accounting firm serving the cannabis industry in the united states and internationally. the firm provides bookkeeping, accounting, tax, attest/assurance services and business consulting services to non-profit organizations, for-profit companies and individuals associated with the cannabis industry. the firm works with dozens of local law firms throughout the country and the most knowledgeable and experienced nationally known tax attorneys to help defend its clients from challenges by taxing authorities. in addition to their role as accountants, they are also hired as expert witnesses in tax and legal matters and as advisors in mergers and acquisitions.
from deanguske.com:
dean guske has over 26 years of experience in taxation, accounting and business consulting. he has deep experience in all facets of real estate and businesses related to real estate. his clients have included everything from development and construction to brokerage and rental. because he has also participated in these businesses as an owner, the impact of his hands-on experience sets him apart from others who have only dealt with these issues on paper. in addition to his expertise in real estate, dean has significant experience with high net worth individuals, professionals, closely held businesses, startups, executive compensation, retirement planning, business succession and transactions planning and analysis. he holds a master’s degree in taxation from golden gate university and a bachelor of arts (business) degree from the university of washington. he is a licensed cpa in the state of washington. dean’s other passion is golf. he admits he is a “junkie” and has the best time playing with his 9-year-old son austin. he is married to michelle, who teaches yoga and meditation. the guskes live and play in bellevue, wash.
are medical marijuana expenses tax deductible? cpa james campbell at numbers.tax in royal oak, mich., operates a nationwide practice that specializes in medical marijuana tax issues.
todd arkley, cpa, talks with dominic corva, phd and professor at the university of washington at tacoma, about cannabis tax and regulatory issues. todd also serves on the board of the coalition for cannabis standards & ethics.
receipts, processing, refund numbers all down.
with only five days left in the tax season, the irs had received more than 110.7 million individual tax returns and processed 108 million of them. the april 10 data showed receipts down 1.8 percent from 2014 and processing down 2.1 percent. processing for 2015 continued in the same range, at 97.5 percent.
related: have fun this tax season! | tax preparation fees: the national averages [infographic] | irs form 3115: a sin and a travesty | how to get paid faster this tax season | accountants see solid business gains in 2015 | as market share slips away, accountants look beyond the 1040 | irs emerges as major tax season competitor | tax pros losing market share to self-filers read more →
identity theft also is part of the program.
the irs’ criminal investigation division is conducting fewer investigations with reduced staff, but there still is plenty of activity in its refund fraud program, which includes the return preparer program and the questionable refund program.
investigations are down 20 percent.
by 卡塔尔世界杯常规比赛时间 research
despite high-profile victories in the credit suisse and bank leumi cases, the irs’ criminal investigation division is struggling with lower staffing levels and a continuing decline in the number of cases pursued. read more →
after a bad year for many practitioners, watch for the consolidation and shakeout to come.
by rick telberg
卡塔尔世界杯常规比赛时间 research
before busy season 2015 had even begun, tax professionals were worrying most about the new rules and regulations they’d be facing, among them, the affordable care act.
join the survey; get the results
indeed, so-called obamacare loomed largely over the 2015 season, but practitioners found bigger problems with form 3115, tougher competition and fee pressures. so much so, that a significant number of practitioners swore this tax season would be their last. and with merger season coming close on the heels of busy season, the profession should brace for a new wave of consolidation and shakeout, according to the 卡塔尔世界杯常规比赛时间 analysis.
nearly 100 million individual returns have been filed.
with the tax season winding down, the irs had received more than 99 million individual tax returns as of april 3, down 0.8 percent from 2014. more than 97.9 percent of those had been processed – 97 million, down 1.2 percent from last year.
related: have fun this tax season! | tax preparation fees: the national averages [infographic] | irs form 3115: a sin and a travesty | how to get paid faster this tax season | accountants see solid business gains in 2015 | as market share slips away, accountants look beyond the 1040 | irs emerges as major tax season competitor | tax pros losing market share to self-filers read more →
the 卡塔尔世界杯常规比赛时间 busy season barometer 2015:
join the survey. get the results
by 卡塔尔世界杯常规比赛时间 research
as results pour in from the final days of the 卡塔尔世界杯常规比赛时间 busy season barometer 2015, it’s clear that practitioners’ experiences range widely, from outright euphoria to bleak despair.
see comprehensive coverage of busy season 2015
here are a few the latest comments, verbatim…