Compliance Archives - Page 3 of 6

IRS Announces Sweeping Effort to Restore Fairness to Tax System with Inflation Reduction Act Funding
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IRS Announces Sweeping Effort to Restore Fairness to Tax System with Inflation Reduction Act Funding

Audits, Compliance, IRS, Personal Taxes, Tax Law Changes, Tax Tips, Taxes

IRS Announces Sweeping Effort to Restore Fairness to Tax System with Inflation Reduction Act Funding

This article was published by the IRS. Capitalizing on Inflation Reduction Act funding and following a top-to-bottom review of enforcement efforts, the Internal Revenue Service has announced the start of a sweeping, historic effort to restore fairness in tax compliance by shifting more attention onto high-income earners, partnerships, large corporations, and promoters abusing the nation's tax [...]

cozbycpa2024-02-14T10:28:45-05:00February 14th, 2024|Categories: Audits, Compliance, IRS, Personal Taxes, Tax Law Changes, Tax Tips, Taxes|Tags: Cozby & Company, CPA Heather Cozby, Earned Income Tax Credit, Inflation Reduction Act funding, IRS dirty dozen, IRS expansion of pilot focused on leveraging AI, IRS prioritization of high-income cases, IRS scrutiny on FBAR violations, IRS use of artificial intelligence, Plymouth MA accountant|

New Massachusetts Form PC Filing Requirements
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New Massachusetts Form PC Filing Requirements

Charitable Organizations, Compliance, Entities, Non Profits, Planning Strategies, Tax Tips

New Massachusetts Form PC Filing Requirements

Effective September 1, 2023, Massachusetts Division of Charities no longer accepts a paper copy of Form PC. They have a new electronic filing system on their website called the Charity Portal. This system does not interface with any professional tax preparation software and the entire Form PC will have to be manually entered by a third-party [...]

cozbycpa2024-01-12T13:34:47-05:00January 12th, 2024|Categories: Charitable Organizations, Compliance, Entities, Non Profits, Planning Strategies, Tax Tips|Tags: Cozby & Company, CPA Heather Cozby, MA Division of Charities portal, MA Division of Charities training videos, Massachusetts Division of Charities, Massachusetts Form PC filing options, new Massachusetts Form PC filing requirements, Plymouth MA accountant|

How to File a Return and Remit a Contribution for Paid Family and Medical Leave
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How to File a Return and Remit a Contribution for Paid Family and Medical Leave

Compliance, DOR, E-file, Self-Employed, Small Business, Technology, Videos, YouTube

How to File a Return and Remit a Contribution for Paid Family and Medical Leave

This video tutorial shows an employer how to file and pay a Paid Family and Medical Leave return in MassTaxConnect. Follow the step-by-step instructions to learn how to navigate the online system. Paid family and medical leave (PFML) is a program designed to help people in Massachusetts take paid time off of work for family or [...]

cozbycpa2023-10-30T12:44:07-04:00October 30th, 2023|Categories: Compliance, DOR, E-file, Self-Employed, Small Business, Technology, Videos, YouTube|Tags: Cozby & Company, CPA Heather Cozby, how is paid family and medical leave funded, how to file a return for paid family and medical leave, how to remit a contribution for paid family and medical leave, MassTaxConnect, paid family and medical leave, PFML, Plymouth MA accountant|

Filing Information Returns Electronically with the IRS
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Filing Information Returns Electronically with the IRS

Compliance, Information Returns, IRS, IRS Video, Self-Employed, Small Business, Tax Tips, Taxes, Videos, YouTube

Filing Information Returns Electronically with the IRS

If you file 10 or more information returns to the IRS - like a 1099 - you are now required to file those returns electronically. You can file them using the Information Returns Intake system, also known as IRIS. Using IRIS is a quick and easy process that also helps reduce common errors that can happen [...]

cozbycpa2023-10-16T13:04:57-04:00October 16th, 2023|Categories: Compliance, Information Returns, IRS, IRS Video, Self-Employed, Small Business, Tax Tips, Taxes, Videos, YouTube|Tags: Cozby & Company, CPA Heather Cozby, how to file information returns electronically with the IRS, information returns intake system, IRIS, who must file information returns electronically|

What Employers Need to Know When Classifying Workers as Employees or Independent Contractors
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What Employers Need to Know When Classifying Workers as Employees or Independent Contractors

Compliance, Corporate Taxes, IRS, Self-Employed, Small Business, Taxes

What Employers Need to Know When Classifying Workers as Employees or Independent Contractors

This article was published by the IRS. It is critical for business owners to correctly determine whether the individuals providing services are employees or independent contractors. An employee is generally considered anyone who performs services, if the business can control what will be done and how it will be done. What matters is that the business [...]

cozbycpa2022-07-06T09:55:39-04:00July 6th, 2022|Categories: Compliance, Corporate Taxes, IRS, Self-Employed, Small Business, Taxes|Tags: Cozby & Company, CPA Heather Cozby, how to classify an employee vs. an independent contractor, independent contractor vs. employee, Plymouth MA tax preparer, Voluntary Classification Settlement Program, what is a misclassified worker, who is considered self-employed|