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2 months ago | 
timmermanreport.com | Eric Green |Luke Timmerman
Please subscribe and tell your friends why it’s worthwhile. Quality journalism costs money. When you subscribe to Timmerman Report at $199 per year, you reward quality independent biotech reporting, and encourage more.
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Jul 15, 2024 | 
cpatrendlines.com | CPA Trendlines Research |Art Werner |Eric Green |Seth Fineberg
Geni Whitehouse: Conquer Client Communication Chaos June 4, 2024 . With Seth FinebergCPA Trendlines ResearchGeni Whitehouse, CPA.CITP, the “Countess of Communication” for Brotemarkle, Davis & Co., LLP (BDCo), says you must meet your clients where they are and understand their personalities to better communicate with them. Doing so, she says, will provide the ultimate value for your clients.
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Jul 7, 2024 | 
cpatrendlines.com | Eric Green
What you need to know now. By Eric GreenFor over a year now, we’ve been saying that the IRS was properly funded and warned it would unleash a tidal wave of work. We also warned you that we would be dealing with all sorts of untrained employees. The bad news, at least for clients, is that day has come.
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Jul 7, 2024 | 
cpatrendlines.com | Eric Green |CPA Trendlines Research
The IRS Tidal Wave Is Here July 7, 2024 What you need to know now. By Eric GreenFor over a year now, we’ve been saying that the IRS was properly funded and warned it would unleash a tidal wave of work. We also warned you that we would be dealing with all sorts of untrained employees. The bad news, at least for clients, is that day has come.
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Apr 30, 2024 | 
cpatrendlines.com | Eric Green
“Reasonable comp” audits are coming. By Eric Green“The IRS never audits reasonable comp, so don’t worry about it.”Have you ever heard this phrase? Well, when it comes to IRS priorities and increasing enforcement, S corporations and their owners will find themselves in the crosshairs of the IRS. MORE in TAX: Eight Steps to Getting Started with AI: A Guide for Tax Professionals | What’s Your Value to Your Tax Clients? | Are You Excited About Tax Season?
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Apr 27, 2024 | 
activerain.com | Eric Green
It happens all the time - I literally just woke up to it again. A Press Release from the Department of Justice Tax Division:Maryland Payroll Company Owner Pleads Guilty to Employment Tax Crimes and Embezzling from Employees’ 401(k) PlansSo what happens when a payroll company steals the payroll tax dollars meant for the government? The employer still owes those payroll tax dollars to the IRS. The fact that it was stolen by a third party does not relieve the employer of the payroll tax liability.
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Apr 21, 2024 | 
activerain.com | Eric Green
Recently, the IRS and United States Department of Justice (“DOJ”) have been criminally prosecuting more payroll tax cases than ever before. Several years ago the decision was made to focus on payroll tax cases for both civil and criminal enforcement, given the importance of payroll taxes to the federal income stream.
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Apr 21, 2024 | 
activerain.com | Eric Green
Businesses that fall behind with payroll taxes are the number one source of new clients for most tax rep professionals. The IRS takes payroll tax debts very seriously, as it is a double whammy on the government: it does not receive the tax money, and yet it will be issuing refunds to the taxpaying employees when they file their 1040 tax returns.
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Apr 21, 2024 | 
activerain.com | Eric Green
Businesses that fall behind with payroll taxes are the number one source of new clients for most tax rep professionals. The major issue many of these clients has is confusion about what to do first. Often we hear “I should make a payment against the oldest period first, that way the IRS knows we are serious.”No they don’t!The IRS does not think that way. The first step to do anything with the IRS is to get into tax compliance first. What is “Tax Compliance”?
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Apr 21, 2024 | 
activerain.com | Eric Green
Businesses that fall behind with payroll taxes are the number one source of new clients for most tax rep professionals. The first three issues that must be dealt with are:Can the business get into and maintain tax compliance? Is this business viable in its current form? If the business is not viable in its current form, can it be restructured to be a viable ongoing concern?
