Taxes February 21, 2024
IRS Isn’t Raising Tax Interest Rates in Q2 2024
Starting on April 1, the rate for overpayments and underpayments for individuals will be 8% per year, compounded daily.
IRS February 16, 2024
IRS-CI Chief Jim Lee Will Call It a Career in April
Lee, a 29-year veteran of the agency who has served as chief of IRS Criminal Investigation since 2020, will retire on April 6.
Taxes February 16, 2024
Several Taxpayer Assistance Centers to Have Saturday Hours, IRS Says
The special Saturday openings will take place from 9 a.m. to 4 p.m. on Feb. 24, March 16, April 13, and May 18.
Taxes February 15, 2024
Filed Tax Returns Are Down 19% So Far This Filing Season—But There’s a Reason Why, IRS Says
The IRS released a slew of early tax season 2024 stats last week, calling it “a strong start to filing season, with all systems running well.”
Taxes February 15, 2024
7 Warning Signs of an Incorrect ERC Claim
The IRS listed several red flags of a questionable employee retention credit claim to help businesses resolve incorrect submissions.
Firm Management February 14, 2024
Mowery & Schoenfeld Merges in Chicago Firm Hochfelder & Weber
The top 200 accounting firm has combined with Hochfelder & Weber, a CPA firm with a 91-year history in Chicago.
Firm Management February 14, 2024
PKF O’Connor Davies Picks Up a Boutique Firm in New Jersey
The top 30 accounting firm acquired SuárezBaldomero, a boutique CPA firm with a growing international clientele, on Jan. 1.
Firm Management February 13, 2024
Mazars Fell a Smidge Short of $3 Billion in Global Revenue Last Year
Mazars reached global revenue of €2.8 billion ($2.998 billion) in 2023, up from €2.45 billion ($2.63 billion) in 2022.
Taxes February 12, 2024
IRS Updates FAQs For Premium Tax Credit
The IRS released a fact sheet on Feb. 9 that includes updated frequently asked questions about the ACA-created tax credit.
Firm Management February 12, 2024
Crowe Topped $5 Billion in Global Revenue For the First Time in 2023
Crowe had a record-high $5.3 billion in global revenue during its fiscal year ending Dec. 31, 2023, up from $4.9 billion in 2022.
Firm Management February 12, 2024
CPA Firm BGBC Joins Forces with Springline Advisory
Business advisory platform Springline officially launched last month with backing from private equity firm Trinity Hunt Partners.
Taxes February 8, 2024
IRS Cautions Tax Pros About New EFIN Email Scam
The IRS warned that scammers are posing as tax software providers and requesting EFIN documents from tax professionals.
Contributors
Amy Vetter
CPA, CITP, CGMA
Becky Livingston
Accounting & AI Marketing Consultant
Brian Tankersley
CPA, CITP, CGMA
Garrett Wagner
CPA, CITP, CEO and Founder of C3 Evolution Group
Jim Boomer
CPA, CITP, CEO
Ken Berry, JD
CPA Practice Advisor Tax Correspondent
Kristy Short, Ed.D.
Accounting Content Specialist
Mary Girsch-Bock
Contributing Writer
Randy Johnston
MCS, MCP
Roman Kepczyk
CPA, CITP, CGMA
