Taxes
IRS Shares Five New Warning Signs of Incorrect ERC Claims
These red flags come from common issues that IRS compliance teams have seen while analyzing and processing ERC claims.
Jason Bramwell
Jason Bramwell is senior staff writer for CPA Practice Advisor. He has nearly 25 years of professional writing experience, the last nine covering the accounting profession. He most recently was a staff writer and editor at Going Concern, and he previously spent five years as a staff writer and editor at AccountingWEB. He can be reached by email at jbramwell@cpapracticeadvisor.com.
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Taxes
IRS Boasts New and Improved Online Tools and Digital Services For Taxpayers
The agency provided an update July 25 on its Strategic Operating Plan, which sets out several priorities for the IRS to accomplish.
IRS
IRS Chief Not Too Worried About Fallout From Loper Bright Ruling
Danny Werfel said he's "fairly optimistic" the Supreme Court ruling won't deter future efforts to provide better taxpayer services.
Firm Management
What Is the Greatest Flaw of Accounting Firm Leaders?
Koltin Consulting Group CEO Allan Koltin talked about this flaw during his keynote speech on leadership at Bridging the Gap 2024.
Taxes
IRS Releases Initial Guidance on Carbon Sequestration Tax Credit
Notice 2024-60, issued by the IRS on July 24, details how taxpayers can claim the credit for the sequestration of carbon oxide.
Taxes
Texans Get Tax Relief From the IRS After Hurricane Beryl
Individual and business taxpayers in 67 counties now have until Feb. 3, 2025, to file their returns and make tax payments.
Accounting
FASB Aims to Improve Derivative Accounting
Investors, accounting firms, and other stakeholders have until Oct. 21 to provide comments to the FASB on the proposed ASU.
Auditing
How Auditors Are Currently Using Generative AI
The integration of GenAI in audits and financial reporting is in its early stages but rapidly evolving, the PCAOB said in a new report.
Auditing
PwC and Withum Share Lead For Most IPO Audit Clients in Q2
Of the 54 companies that went public, PwC and Withum audited 16 of them—eight each—according to Ideagen Audit Analytics.
Accounting
Incoming NASBA CEO Appoints Four to Leadership Team
The new leadership team members will start Aug. 1, the same day Daniel Dustin takes over as NASBA CEO and president.
Accounting
Accountants Among the Happiest Workers in the U.S., New Study Finds
Accounting and tax had an overall score of 71.92 out of 100, just behind manufacturing which has the most satisfied workers.
Accounting
Number of the Day: $839,687
Equity partner compensation has dramatically risen from 2019 to 2023, according to data from INSIDE Public Accounting.