Kentucky storm, flooding victims now eligible for tax relief
Storm victims in parts of Kentucky now have until Nov. 15, 2022, to file various individual and business tax returns and make tax payments,...
AICPA pushes Congress on Disaster Retirement Savings Act
As Congress moves forward toward an agreement on a final version of a bipartisan and bicameral retirement package, the American Institute of CPAs (AICPA)...
Sales taxes a continued hot industry issue
Technology, the rise of the online entrepreneur, direct sales markets, and COVID work-from-home gigs have all created a huge backlog of complicated sales and...
Taxes and the Gig Economy
What exactly is the gig economy anyway and why do we as tax accountants need to pay attention to it? It’s a common misconception...
Are we going from hard to harder? A look at tax industry trends
For the last couple years, the industry trends have felt a lot like everything is on fire and we are just never getting ahead....
Passthrough Entities Tax Loophole update
Tax practitioners still are working to identify clients who will benefit from the tax law changes of the Passthrough Entities Tax Loophole (PTET), also...
Did you forget the FBAR?
A staggering number of US citizens dropped their US citizenship in 2020 among frustrating tax laws. In a recent CNBC survey, Americans said that...
Understanding QOZ Fund reporting requirements
In April, the IRS announced that taxpayers not meeting the requirements for compliance with Qualified Opportunity Zone (QOZ) Funds would start receiving notices. Qualified...
The extension crisis and the IRS slowdown
If you feel you have filed more extensions this past filing season than in any of your previous years in practice, you are not...
Tax benefits for veterans
In honor of Memorial Day, below are a few resources that may be available to your veteran clients. The IRS lists all available resources...
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Are you taking on too much?
Most of us have heard the phrase “jack of all trades,” and we usually use it as a term of endearment to compliment seemingly...
Topel Forman affiliates with Avantax for wealth management, financial planning services
Accounting firm Topel Forman L.L.C. has affiliated with Avantax Planning Partners℠, Avantax’s employee-based RIA (registered investment advisor) to provide comprehensive tax-focused financial planning and...
Old school accounting firms are dead
Talent shortages are impacting every industry across the nation. Forbes recently reported that talent shortages could create up to 85 million unfilled jobs over...