The Public Company Accounting Oversight Board levied sanctions and penalties against four auditing firms as part of a sweep.
Day: February 20, 2024
IRS CI cracks down on ERC claims
The Internal Revenue Service’s Criminal Investigation unit has been investigating bogus claims for the Employee Retention Credit and educating tax pros about the problems they can encounter.
In the blogs: Pressing questions
Assessing your fees; partner comp; how to spend money; and other highlights from our favorite tax bloggers.
The ERC: Practitioners’ responsibilities to amend income tax returns
Practitioners must weigh applicable professional standards and exercise due diligence in assessing whether a taxpayer claiming an employee retention credit must amend one or more income tax returns to reduce deductions of wages for which the credit was claimed.
Draffin Tucker merges in Baldwin
The Georgia-based firm is expanding to South Carolina in its first M&A deal since 1978.
Myths and fears about niching down
There are many myths flying around the internet about how niching down can harm your firm. They’re false.
Helping sole proprietors choose between a solo 401(k) and a SEP-IRA
Understanding the differences between these two types of retirement plans can help sole proprietors make the best choice for their bigger-picture tax and retirement savings goals.