Client demand, and their own perceptions of the areas clients need help in, are the main drivers of new business service offerings at accounting firms, according to a new study.
The research, part of the monthly
While firms are doing an excellent job of offering business clients multiple services, the majority of those services remain compliance-based, with accounting/bookkeeping and tax planning/filing far in the lead.
The study surveyed 270 accountants in mid-October.
The SECURE 2.0 Act contained changes to traditional and Roth individual retirement accounts and 401(k) plans that are being phased in over several years.
After an injunction was lifted by an appeals court, the Treasury's Financial Crimes Enforcement Network has extended the deadline for beneficial ownership information reporting.
Proposed regs for the corporate alternative minimum tax may place a major burden on smaller partnerships.
H&R Block is making the jolly old elf and small-business owner's tax details public for the first time.
The agency will send out checks for up to $1,400 to taxpayers who didn't claim the Recovery Rebate Credit.
Only about one-third of taxpayers globally believe tax revenues in their country are being spent for the public good.
