Taxes December 19, 2025
2025-2026 Tax Season Guide to OBBBA Tax Law Changes – SPECIAL SERIES
This series of articles spotlights key tax issues and changes made to tax law in 2025 and the years to come as a result of the OBBBA.
March 28, 2022
It’s Wise to Get a Cost Segregation Study Before Time Runs Out
One way you can offer more value to your clients starting today is by providing them cost segregation studies. Cost segregation is an accounting method that recognizes the fact that a building depreciates, or loses value, over time due to everyday wear...
March 28, 2022
Avalara Announces Low-Code Developer Tools and New APIs to Embed Compliance into Business Applications and Ecommerce Platforms
Avalara is expanding opportunities for partners to build compliance integrations and experiences. To offer flexibility and control to developers, Avalara is pursuing a headless compliance approach that decouples the front-end presentation layer of a ...
March 28, 2022
IRS Form 7203 – Fileable PDF Version
S corporation shareholders use Form 7203 to figure the potential limitations of their share of the S corporation’s deductions, credits, and other items that can be deducted on their individual returns.
March 28, 2022
6 Business Payment Trends in 2022
The new imperatives of work from home drove more change in the long overlooked area of B2B payments than we’ve seen in decades. But there’s more room for improvement. This is a huge market --$22 trillion domestically-- where ...
March 28, 2022
Biden Administration Includes Billionaire’s Tax in New Budget
Under the proposed plan, a 20% minimum tax rate would be imposed on all U.S. households worth more than $100 million. The vast majority of affected taxpayers would be comprised of billionaires.
March 28, 2022
IRS Issues New FAQs for Payments from Tribal Gvts. and Alaska Native Corps.
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), enacted on March 27, 2020, provided a number of emergency relief programs that benefit Indian Tribal Governments (Tribes) and tribal members.
March 28, 2022
April 1 is Last Day for New Retirees to Take RMDs
For retirees who turned 72 during the last half of 2021, in most cases, Friday, April 1, 2022, is the last day to begin receiving payments from Individual Retirement Arrangements (IRAs), 401(k)s and similar workplace retirement plans.
March 30, 2022
Webinar: Better, Faster and More Profitable Client Accounting Services
A business model that doesn’t require any user or software fees, firms are saving a bundle and serving clients of any size and monthly payment volume. Are you ready to innovate?
March 25, 2022
Trustero Completes SOC 2 Type 1 Certification
The Trustero Compliance as a Service (CaaS) platform establishes and manages regulatory compliance by undertaking vulnerability assessments, security risk analyses, and other measures to ensure that all business processes and systems remain fully ...
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March 25, 2022
GoDaddy Automates Sales Tax, Launches Commerce Plus with Avalara Partnership
The sales tax automation feature upgrades GoDaddy Online Store capabilities and frees business owners from having to manually track their transaction thresholds for each state to know if/when they owe sales tax, log the sales tax rates for each ...
March 24, 2022
Reporting Virtual Currency Transactions on Taxes? Remember to Check a Box
All taxpayers filing Form 1040, Form 1040-SR or Form 1040-NR must check one box answering either "Yes" or "No" to the virtual currency question. The question must be answered by all taxpayers, not just taxpayers who engaged in a transaction involving ...
March 24, 2022
IRS Updates FAQs on Unemployment Compensation Exclusion
The Internal Revenue Service has revised its frequently asked questions (FAQs) on 2020 unemployment compensation exclusion.