Taxes February 13, 2026
Tax Court Slams Brakes on Charitable Deduction
The Tax Court immediately nixed the deduction because of the inadequate substantiation and the lack of any appraisal for high-income items.
June 27, 2021
IRS Partners with Community Organizations to Advise on Child Tax Credit Payments
The Internal Revenue Service is partnering with non-profit organizations, churches, community groups and others in 12 cities to help eligible families, particularly those who normally do not file a federal tax return, file a 2020 income tax return or ...
June 27, 2021
More Americans Using Tax Professionals for Filing
As IRS enforcement takes the spotlight in political agendas, tax professionals need to be more informed and educated than ever before. One way for tax preparers to remain connected to the industry and receive the information necessary to complete ...
June 24, 2021
Do Your Clients Need a Mid-Year Tax Checkup?
CPA tax advisors are in a unique position as financial physicians. Now is an ideal time to be proactive and contact clients who might be in need of a mid-year financial check-up. With potentially significant changes to the tax landscape looming, we ...
June 24, 2021
Cannabis Accounting: What Your Clients Need to Know
Because so many new cannabis business owners have lots of questions I've pulled together the common ones I hear so you can help prospective clients understand the ways accounting professionals can support their businesses.
June 23, 2021
Everything You Need to Know About LLCs to Help Your Clients
Popular for its owner liability protections and flexible tax options, the Limited Liability Company (LLC) is a legal structure option worth exploring for clients who are starting or growing businesses.
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June 22, 2021
Massachusetts Society of CPAs Commits $25,000 to Expand Early College High School Academy
The Early College High School Academy launched in 2019 and is the state’s first accounting-focused, early college initiative in Massachusetts. Participating students learn the fundamentals of accounting, economics, statistics and information technology.
June 22, 2021
Credit Cards Could Be the Next Big Opportunity in B2B Payments
With the advent of widespread remote work, businesses have made impressive leaps in eliminating checks and adopting electronic supplier payments. These changes primarily translated to increasing the number of ACH or Direct Deposit payments made.
June 22, 2021
Pros on the Move – June 2022
Professionals on the Move is a round-up of recent promotions, staffing changes, and achievements in the profession.
June 22, 2021
Most States to Treat PPP Loan Forgiveness as Nontaxable Income
Twenty-nine state tax departments responded they will follow the federal treatment of such forgiveness or cancellation under section 1160(i) of the CARES Act and will not treat these amounts as taxable income. An executive summary of the survey, which ...
June 22, 2021
Majority of Workers Say Working from Home Improved Their Finances
Among the 38% of Americans who worked from home at some point since the COVID-19 pandemic was declared in March 2020, 57% said working from home had a positive effect on their personal finances, according to a new study from Bankrate.com.
June 22, 2021
AICPA is Offering More than $125,000 in Scholarships and Grants
The AICPA’s CPA Exam Scholarship offers up to $1,500 to at least 50 AICPA Student Affiliate members or AICPA CPA Exam Candidate Affiliate members in the U.S. to reimburse fees for taking the CPA Exam as well as Exam preparatory courses and materials.
June 22, 2021
Avalara Enables Global Sellers to Manage Treaty and Trade Restrictions for Cross-Border Commerce
Trade treaties are formal agreements between two or more countries that make it easier to trade between each other by reducing tariffs, quotas, and other trade restrictions. For businesses, assembling and maintaining content related to treaties ...