The Internal Revenue Service wants small business taxpayers and the self-employed to know that, starting May 13, 2019 an important change will affect the way it issues employer identification numbers, or EINs.
HB 354 changed the due date for the first estimated tax payment for corporations and limited liability pass-through entities. Under the old rule, the first payment wasn’t due until June 15. That due date is now April 15. The subsequent due dates are June 15, September 15 and December 15.
Why is it important to get a CPA license? What are the benefits of working toward this designation?
Once upon a time you had to be in the office to be a productive member of the team — but no longer! Tax technology has come a long way over the years, eliminating handwritten tax forms, paper filing of tax returns and the need to be in the office to effectively manage your clients.
We live in a world where work and home are increasingly intertwined. Work flexibility is no longer a perk for employees but a core part of companies’ and employees’ work strategies. Employees consider work-life balance as one of the top factors when choosing a job. Alternatively, many employers expect their workers to be available at all times via email, phone or direct message.
It’s impossible for us to get along with everyone. Here are 9 steps to make the best of tense work relationships.
The 2018 Revision to Government Auditing Standards (GAGAS) was released in July 2018 and is effective for periods ending on or after June 30, 2020, and for performance audits beginning on or after July 1, 2019. Because the Revision addresses requirements for the entire period under audit, we will want to understand what these changes are before July 1, 2019.
Making partner isn’t what it used to be. CPAs no longer go door to door to sell commodities like tax returns and audits. Accountants are no longer interested in one career or staying with just one firm. Staff don’t want to put in the hours, equity or sweat. They don’t want to hear “Let’s talk when you start bringing in business.” Fewer staff are stepping up and willing to do “what it takes” to make partner. They are not like us. Sound familiar?
The Kentucky General Assembly continued its work in the 2019 regular session on a number of legislative fronts last week, with no bill more important to the Kentucky Society of Certified Public Accountants than House Bill 354, a legislative measure introduced to address several unintended consequences of the tax reform package passed during the final hours of the 2018 session.
Use IRS.gov to avoid phone delays. The IRS expects the first refunds to go out in the first week of February and many refunds to be paid by mid- to late February like previous years. The IRS reminds taxpayers to check “Where’s My Refund?" (http://bit.ly/My2018TaxRefund) for updates. Demand on IRS phones during the early weeks of tax season is traditionally heavy, so taxpayers are encouraged to use IRS.gov to find answers before they call.
