Accountants for a Changing World

Newsletters

Tax Alerts
Tax Briefing(s)

The IRS has released the 2021-2022 special per diem rates. Taxpayers use the per diem rates to substantiate certain expenses incurred while traveling away from home.


The IRS and the Treasury Department have issued guidance to employers about reporting the amount of qualified sick and family leave wages paid to employees for leave taken in 2021 on Form W-2, Wage and Tax Statement.


The IRS has issued temporary and proposed regulations that authorize the assessment of any erroneous refund of the COVID-19 employment tax credits which were added by the American Rescue Plan Act of 2021 ( P.L. 117-2). These credits for certain wages paid by employers are:



The IRS has reminded taxpayers to file their 2020 tax returns by the upcoming October 15, 2021 due date. Taxpayers must file on or before the extension deadline to avoid the penalty for filing late if they request an extension. Tax returns can still be filed through electronic filing options, such as the IRS Free File.


The IRS has reminded taxpayers to develop emergency preparedness plans due to the upcoming hurricane season and the ongoing threat of wildfires in some parts of the country. September is declared as the National Preparedness Month.


The IRS has emphasized the importance of correctly determining whether the individuals providing services to businesses were employees or independent contractors.


The IRS has allowed taxpayers to use electronic or digital signatures on certain paper forms they cannot file electronically.


The Tax Court had jurisdiction to determine the appropriate relief available to an individual who sought innocent spouse relief for two tax years at issue. Initially, the taxpayer submitted a request for innocent spouse relief for one tax year, which the IRS denied in a final determination.


Maintaining good financial records is an important part of running a successful business. Not only will good records help you identify strengths and weaknesses in your business' operations, but they will also help out tremendously if the IRS comes knocking on your door.


Senior Accountant

The Audit/Tax Senior will be responsible for coordinating the day-to-day "in-charge" duties of planning, fieldwork and "wrap-up" to include the preparing of financial statements with disclosures, applying most areas of GAAP as necessary and documenting, validating, testing and assessing various control systems. In addition, the position will be responsible to assist in the preparation of individual, corporate, partnership and trust tax returns and will be responsible for acting as the client contact for basic questions and information gathering.

Staff Accountant

Perform audits of financial statements for registered companies, including auditing and reviewing SEC required documents. Analyze and prepare audited and unaudited financial statements for non-public entities. Perform financial and system activities relating to the maintenance of a complete and accurate corporate accounting environment. Perform accounting, business and tax research. Perform tax compliance and tax preparation for clients both in U.S. and abroad.

Replies:  Send resumes/responses to:  boston@millerwachman.com