IRS October 24, 2023
IRS Opens PTIN Renewal Season for 2024
The fee to renew or obtain a PTIN for 2024 is $19.75, down from $30.75 in 2023. Failure to have a valid PTIN may result in penalties.
Firm Management October 10, 2023
Meeting the Staffing Demands: How Automation is Transforming Accounting Firms
As tax regulations become more intricate and audit scrutiny intensifies, the demand for accurate tax preparation continues to grow, adding pressure to tax practitioners.
Taxes October 5, 2023
IRS Cuts PTIN Fees for 2024
The IRS is slashing the costs for paid tax return preparers to renew their preparer tax identification numbers in 2024 by nearly 36%.
Accounting September 11, 2023
Students Sought for Accounting Internship Preparation Program
Program highlights include motivational keynotes, resume advice, interview coaching, and opportunities to network with other diverse accounting students and professionals.
Firm Management August 8, 2023
No PII in Email? Is This Realistic In Firms Today?
Cyber insurance is now one of the most expensive lines on a firms’ business insurance policy.
Taxes July 13, 2023
IRS and Security Partners Announce Special Summer Series
This marks the eighth year that the Security Summit partners have worked to raise awareness about these issues through the "Protect Your Clients; Protect Yourself" campaign.
Accounting July 11, 2023
Leading Change: Workplace Transformation is Possible in the Accounting Profession
To drive change effectively, let's delve into the key components that fuel authentic, long-lasting changes within accounting firms and their cultures.
Advisory June 28, 2023
Fast Track Compliance with the IRS Pub 4557 and the FTC Safeguards Rule – a No-nonsense Guide for Firm Owners
By now, most tax preparers are aware they need to comply with the FTC Safeguards Rule and IRS Publication 4557. Failure to do so could result in stiff penalties.
Taxes June 28, 2023
How to Prepare For and What to Do Following the Death of a Tax Practitioner
The IRS offers tips to protect the practitioner’s clients, firm, and family, and to ensure compliance with legal requirements.
June 21, 2023
Rolling out Your Firm’s WISP – A Practical Guide for Firm Owners
It only takes one breach to destroy a firm’s good reputation, and breaches are stressful and costly to remediate. Plus, most firms cannot afford the possible FTC penalties for non-compliance.