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Tax Season Articles

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Why Accounting Firms need to Safeguard their Multifunction Printers

While multifunction printers are a critical component of most office networks, they are often the most overlooked from a cyber security standpoint.

The One Thing You Must Do Before Tax Season

As tax season approaches, the pressure mounts for tax and accounting professionals to ensure a smooth and efficient process for their clients. While...

IRS Introduces Draft Form 7217: Implications for Partnership Distributions

The Internal Revenue Service (IRS) has unveiled draft Form 7217, "Partner's Report of Property Distributed by a Partnership," set for implementation...

A Cautionary Tale for Tax Practitioners

The recent case of Gagliardi v. Prager Metis CPAs LLC (No. 1:23-cv-07454, S.D.N.Y. 2024) has sent ripples through the tax preparation community,...

The Fate of a Finished Filing Season Still in Limbo

One significant concern is the Corporate Transparency Act, which has faced legal challenges and caused confusion among small businesses regarding...

How to Get Things Done When You Feel Overwhelmed

Did everyone take a long post-tax season vacation or is everyone diving into the never-ending to-do list that piles up in the months leading up to...

Beyond Survival: Transforming the Busy Season with AI and Proactive Strategies

Talk to almost any accountant about a part of their job they dread, and you’ll hear them respond, “The busy season.” Client demands continue, no...

Tax Season Credit Changes on the Horizon

The Tax Relief for American Families and Workers Act is currently stalled in the Senate but is expected to continue to move forward in some form over...

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