Latest Articles

November 10, 2020 

As employees scattered across the country during Covid-19, startups have faced new challenges. Companies must register separately in each state where they hire employees, in order to keep everyone insured and comply with local tax and labor laws.

November 10, 2020 

The Department of the Treasury and the Internal Revenue Service have issued guidance for employers and employees with terminating 403(b) plans that fund benefits through 403(b)(7) custodial accounts. The guidance reflects changes provided in the ...

November 10, 2020 

Each year, the AICPA FVS Section names two volunteers who contributed greatly to the practice and profession. Armstrong is the 2020 Forensic & Litigation Services (FLS) Volunteer of the Year, while York is the Business Valuation Volunteer of the Year.

November 10, 2020 

In the wake of the 2020 election, many expect that the Biden administration will seek to engage Congress to enact new tax legislation in order to raise revenue to pay the costs associated with the pandemic and other government programs.

November 10, 2020 

States are now requiring gig platform companies to report their workers’ earnings through a 1099-K form - directly to the state. While gig platform companies provide this form to the Internal Revenue Service (IRS), they don’t provide it for ...

November 10, 2020 

The acquisition will also strengthen insightsoftware’s presence and customer base in Europe and build on its strategy to deliver a broad portfolio of market-leading solutions for the Office of the CFO across the globe.

November 9, 2020 

State and local income taxes imposed on and paid by a partnership or S corporation on its income are allowed as a deduction by the partnership or S corporation in computing its non-separately stated taxable income or loss for the taxable year of ...

November 9, 2020 

National EIP Registration Day is part of the agency’s further concerted push with partners across the country to make sure every eligible American has registered before the Nov. 21 deadline to receive their Economic Impact Payment this year.

November 9, 2020 

Kansas isn’t alone in taxing remote sales, but it is unique. Following the Wayfair decision, legislatures in most states adopted economic nexus laws requiring certain out-of-state businesses to register then collect and remit sales tax.

November 9, 2020 

The California Department of Tax and Fee Administration (CDTFA) is being sued for “crushing thousands of small business owners” by holding Fulfillment by Amazon sellers liable for back sales tax. The Online Merchants Guild, a trade association for small online businesses, is the plaintiff. The language of the suit is at times inflammatory: It warms...…

November 9, 2020 

SmartVault, a provider of cloud-based document management and client portals for the accounting profession announced today the launch of its “Taking Care of Business” resource center for accounting firms and their clients, which can be ...

November 9, 2020 

Tax professionals will need to perform proactive tax planning to not just determine what amount of taxes will be due for estimated payments, but how to re-orient the business and individual finances to reduce tax liability.