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How CPAs bill for financial planning services Hourly, fixed-fee, and fee-for-service models all have their advantages. CPAs who expand their services to include financial planning often find themselves facing a change in billing methods. However, deciding between different options and finding the right billing method can be a challenge. There are a number of options, … Read more
Have you heard about the ‘2021 Black CPA Centennial’ campaign? As February marks the beginning of Black History Month, organizations across the accounting profession have marked the occasion by commemorating the 100th anniversary of John Cromwell Jr. becoming the first registered Black CPA with a new yearlong diversity program. On Monday, a number of prominent … Read more
Ready for the 2021 Tax Season? Here’s How the Coronavirus Pandemic Affected Your Business Clients As some of your business clients prepare to reopen their doors while ensuring the safety of their employees and customers, it’s your job to nudge them to start gathering their tax documents and financials for the April deadline. As some … Read more
Beware of identity theft scam involving unemployment benefits The IRS is warning taxpayers of an identity theft scam involving fraudulent claims for state unemployment benefits. Identity thieves are reportedly using stolen personal information to file for and receive unemployment benefits. This scam has proliferated during the COVID-19 pandemic as unemployment claims in general have skyrocketed. … Read more
How to Get an EFIN https://www.youtube.com/watch?v=nIPwmFWrgn0 What is an Authorized IRS e-file Provider A Provider is a business or organization authorized by the IRS to participate in IRS e-file. It may be a sole proprietorship, partnership, corporation or other entity. The firm submits an e-file application, meets the eligibility criteria and must pass a suitability … Read more
IRS Creates New Position: Chief Taxpayer Experience Officer The position will work with business units and offices across the IRS, including Chief Counsel, the Independent Office of Appeals and the National Taxpayer Advocate. The role is envisioned as working in coordination with the National Taxpayer Advocate… The Internal Revenue Service has created a new Chief … Read more
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