Accura Accounting, Inc.

03/22/2025

This is a huge win for small business. 🙌

FinCEN issued an interim final rule Friday removing the requirement for U.S. companies and U.S. persons to report beneficial ownership information under the Corporate Transparency Act.

02/21/2025

02/21/2025

It appears the FINCEN reporting requirement is back on. Here is an estimate of the time required from start to finish.

Question: How much time will I have to spend if I do a “do-it-yourself” FinCEN report?

08/15/2024

https://www.irs.gov/newsroom/irs-provides-details-of-second-employee-retention-credit-voluntary-disclosure-program-program-for-improper-claims-open-through-nov-22

IR-2024-213, Aug. 15, 2024 — The Internal Revenue Service urged businesses that have received Employee Retention Credit payments to recheck eligibility requirements and consider the second Employee Retention Credit (ERC) Voluntary Disclosure Program (VDP) to resolve incorrect claims without penalt...

07/22/2024

https://www.irs.gov/newsroom/irs-warns-taxpayers-about-misleading-claims-about-non-existent-self-employment-tax-credit-promoters-social-media-peddling-inaccurate-eligibility-suggestions

IR-2024-187, July 15, 2024 — The IRS issued a consumer alert today following bad advice circulating on social media about a non-existent “Self Employment Tax Credit” that’s misleading taxpayers into filing false claims.

03/23/2024

https://www.irs.gov/newsroom/irs-employee-retention-credit-compliance-effort-tops-1-billion-threshold-since-fall-voluntary-disclosure-program-suspended-after-march-22-special-withdrawal-program-remains-open-as-audits

IR-2024-78, March 22, 2024 — The Internal Revenue Service announced today that compliance efforts around erroneous Employee Retention Credit (ERC) claims have topped more than $1 billion so far since last fall as work continues on a number of efforts to counter questionable claims pushed by aggres...

01/08/2024

https://www.irs.gov/newsroom/2024-tax-filing-season-set-for-january-29-irs-continues-to-make-improvements-to-help-taxpayers

IR-2024-04, Jan. 8, 2024 — The Internal Revenue Service today announced Monday, Jan. 29, 2024, as the official start date of the nation’s 2024 tax season when the agency will begin accepting and processing 2023 tax returns.

11/22/2023

https://www.irs.gov/businesses/understanding-your-form-1099-k

Form 1099-K reports payments from payment apps or online marketplaces when the gross payment amount is more than $600 and from credit, debit or stored-value cards. Use it to help figure and report your correct income on your tax return.

11/16/2023

Latest IRS update on ERC credit

06/06/2023

I am looking for a someone to assist with day to day office administration. For more details feel free to call the office or message me on FB.

01/24/2023

https://www.irs.gov/newsroom/irs-reminds-taxpayers-choose-a-tax-professional-carefully

IR-2023-13, January 24, 2023 —The Internal Revenue Service today reminded taxpayers to choose a tax return preparer with care. Even though most tax return preparers provide honest, quality service, some may cause harm through fraud, identity theft and other scams.

12/23/2022

Breaking news......

IR-2022-226, December 23, 2022 — The Internal Revenue Service today announced a delay in reporting thresholds for third-party settlement organizations set to take effect for the upcoming tax filing season.