Latest Articles

February 4, 2020 

Located on IRS.gov, Identity Theft Central is available 24/7 at irs.gov/identitytheft. It is a resource on how to report identity theft, how taxpayers can protect themselves against phishing, online scams and more.

February 3, 2020 

Have you ever thought about the difference between the words “value” and “values”? If you’re laughing and thinking, “Yeah, it’s the letter ‘s’,” well, you’re not wrong, but that’s not what I mean. When we talk about “value,” a word we usually use in a professional context, we’re usually referring to providing benefit to clients....…

Amy Vetter

February 3, 2020 

Many professional liability claims arise because the tax pro had insufficient time to properly review client information received and an otherwise avoidable error is made on the client’s tax return. To help reduce this risk, be proactive and contact ...

February 3, 2020 

Those celebrating the holiday said they plan to spend an average $196.31, up 21 percent over last year’s previous record of $161.96. Spending is expected to total $27.4 billion, up 32 percent from last year’s record $20.7 billion.

February 2, 2020 

This chart shows when you might receive your tax refund. In general, the IRS says e-filed returns are usually processed and refunds issued within 21 days,or less than two weeks for simpler tax returns.

January 31, 2020 

Nearly half (46%) of CFOs are facing increased demand to provide overall business counsel. Additional factors driving the changing CFO role include the availability of real-time data and increased compliance and regulation requirements, as well as the ...

January 31, 2020 

In their feedback, the tax practitioners highlighted key priorities in each of the three areas in which reports are being submitted to Congress. The letter outlines recommendations for providing taxpayers access to empowered IRS employees; timely ...

January 31, 2020 

Tax filing season is officially underway! On January 27, just a few days before the Super Bowl, the IRS announced in a press release that it had started to accept and process 2019 tax returns, as scheduled (IR-2020-20, 1/2720). The deadline for filing a 2019 tax return and paying any tax that is due remains...…

January 31, 2020 

As part of an ongoing effort to improve service for the tax-exempt community, the Internal Revenue Service has revised Form 1023 to allow electronic filing.

January 31, 2020 

Successful accounting firms seem to have two things in common: they grow, and they prioritize the client experience. Both these attributes are imperative to win new business and retain existing clients. Understanding why a company chooses to work with an accounting firm lays a foundation for success and competitive advantages. Survey research conducted by Bill.com...…

January 31, 2020 

Professionals on the Move is a roundup of recents accounting firm promotions.

January 31, 2020 

This chart shows an estimated date for when a taxpayer is likely to receive their refund, based on the information we have now, and using projections based on previous years. If your IRS income tax refund is delayed, ...