Industry News: Dark Horse Disrupts Traditional CPA Firm Model with New Principal Accelerator Program

Dark Horse Disrupts Traditional CPA Firm Model with New Principal Accelerator Program
Dark Horse CPAs, a top accounting and tax firm serving small businesses and individuals across the nation, has created a first of its kind business model that puts the CPA in the driver seat and the traditional CPA firm on notice.

 

Dark Horse CPAs, a top accounting and tax firm serving small businesses and individuals across the nation, has created a first of its kind business model that puts the CPA in the driver seat and the traditional CPA firm on notice.

Industry News: Georgia May Start Taxing Digital Products in July

Georgia May Start Taxing Digital Products in July

Lawmakers in Georgia are looking to extend the state’s sales and use tax to digital goods and services. If House Bill 594 is enacted as written, audiovisual works, electronic books, video games, and a host of other digital products and services would ...

 

Industry News: Get Off the Hackers' Hit List: Evolving Competencies for Finance Firms Today

Get Off the Hackers' Hit List: Evolving Competencies for Finance Firms Today

CPA practices, accounting firms and financial services organizations are increasingly wise to the ways of cybercriminals. They're proactively partnering with IT and business leaders to take preventative action, mitigate risk and avoid costly breaches.

Industry News: Cybersecurity requirements provide new opportunity for CPAs

Cybersecurity requirements provide new opportunity for CPAs

CPAs have a new opportunity to act as third-party assessors of the cybersecurity maturity of U.S. defense contractors as they work to comply with new regulations that have been created to combat cyberthreats.

Industry News: Do you know how an employer can claim the COVID-19-Related Employee Retention Credit?

This FAQ is not included in the Internal Revenue Bulletin, and therefore may not be relied upon as legal authority. This means that the information cannot be used to support a legal argument in a court case.

72. How does an Eligible Employer claim the Employee Retention Credit for qualified wages?

Industry News: 4 ways to build resilience to digital risks in the COVID-19 era

4 ways to build resilience to digital risks in the COVID-19 era

 
  • By 2026, almost 26% of the world’s GDP could be based on internet-based and digitally-connected industries.
  • Seizing digital opportunities begins with an understanding of digital risk; at a minimum, companies need to understand their total exposure.
  • Following key principles of digital risk management will separate the companies that will thrive in the digital age from those that will not.

Industry News: Have you heard about the ‘2021 Black CPA Centennial’ campaign?

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.

Industry News: Season of uncertainty: Aiming for April 15

Season of uncertainty: Aiming for April 15

The month ahead will be a critical time for tax preparers as they face issues on many different fronts. Old legislation, new legislation, stimulus payments and Paycheck Protection Program questions will complicate matters for preparers and taxpayers alike, according to observers — to say nothing of the delayed start to tax season.

The filing season itself will be “one for the ages,” said Mark Steber, senior vice president and chief tax officer at Jackson Hewitt.

Industry News: Ready for the 2021 Tax Season? Here’s How the Coronavirus Pandemic Affected Your Business Clients

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.

Industry News: Beware of identity theft scam involving unemployment benefits

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.

Industry News: Do you know why the IRS created the position of Chief Taxpayer Experience Officer?

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...

Industry News: COVID Tax Credit Extended for Employers Who Keep Workers on Payroll

COVID Tax Credit Extended for Employers Who Keep Workers on Payroll

The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted Dec. 27, 2020, made a number of changes to the employee retention tax credits previously made available under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

The Internal Revenue Service is urging employers to take advantage of the newly-extended employee retention credit, designed to make it easier for businesses that, despite challenges posed by COVID-19, choose to keep their employees on the payroll.

Industry News: IRS Offers New Contact-Free Signature Options for Tax Pros and Clients

IRS Offers New Contact-Free Signature Options for Tax Pros and Clients

Tax professionals can find the new “Submit Forms 2848 and 8821 Online” on the IRS.gov/taxpro page. Tax professionals must have a Secure Access account, including a current username and password, or create an account in advance of submitting an online ...

The Internal Revenue Service has rolled out a new online option that will help tax professionals remotely obtain signatures from individual and business clients and submit authorization forms electronically.

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