Craig W. Smalley, MST, EA, is the Founder and CEO of CWSEAPA, PLLC. He has been admitted to practice before the Internal Revenue Service as an Enrolled Agent and has a Master’s Certificate in Taxation from UCLA. In practice since 1994, Craig is well-versed in U.S Tax Law and U.S. Tax Court cases, and specializes in individual, partnership, and corporate taxation for high-net-worth clients; entity structuring and restructuring; and representation before the IRS regarding negotiations, audits and appeals. Craig is currently a columnist for CPA Practice Advisor and AccountingWEB and has had 12 books published. His articles have been featured in publications including the Wall Street Journal, The New York Times, and Christian Science Monitor, and he has been interviewed and appeared as a featured guest on numerous radio shows and podcasts. Craig can be reached at craig@craigwsmalleyea.com.
Accounting December 27, 2024
The roller coaster continues, as the 5th U.S. Circuit Court's decision on Dec. 26 suspends the deadline once again for most reporting companies to file BOI reports with the Financial Crimes Enforcement Network.
Small Business December 27, 2024
2024 saw major news events and ongoing trends that are significantly shaping the profession, including how professionals practice, how firms operate, and your business and individual clients.
Advisory December 27, 2024
Marketing automation offers you a dynamic approach to streamline lead nurturing, making the client acquisition process more efficient and personalized.
Technology December 26, 2024
Brian Tankersley, CPA, and Randy Johnston discuss the technologies and processes they see having the greatest impact on the accounting profession in the coming year.
Small Business December 26, 2024
Existing-home sales grew in November, according to the National Association of Realtors. Sales advanced in three major U.S. regions and remained steady in the West. Year-over-year, sales climbed in all four regions.
Payroll December 26, 2024
34% plan to staff vacated positions, while 63% will increase the number of contract professionals on their teams. Robert Half is a talent solutions and business consulting firm.
Auditing December 26, 2024
In a Dec. 19 comment letter to the SEC, the AICPA says the new requirements adopted by the PCAOB last month would particularly burden small and midsized firms, as well as unintentionally hurt capital markets and the investing public.
Payroll December 24, 2024
In total, Comeau caused a tax loss to the IRS of approximately $1,150,000. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.
Accounting December 24, 2024
FinCEN has extended the Jan. 1, 2025, deadline for most reporting companies to file beneficial ownership information reports with the Treasury Department until Jan. 13, 2025, after a federal court of appeals lifted an injunction on Dec. 23 that had halted the new law.
Income Tax December 23, 2024
Depending on when taxpayers file their returns, they can often receive their federal tax refund payment (check or direct deposit) within 10-21 days.
Accounting Standards December 23, 2024
The invitation to comment is intended to explore ways the FASB can improve this area of financial reporting, which includes the accounting for acquired and internally developed intangibles.
Taxes December 23, 2024
The IRS on Dec. 20 released the draft Instructions for Form 6765, Credit for Increasing Research Activities, and is seeking feedback on proposed changes to the form, which is used by taxpayers to claim the research and development tax credit.
