Tax Practice Advisor

Taxes December 16, 2024 

While measures up for renewal that largely benefit individuals and households are an easy sell to voters, economists caution on the scale of economic dividend they generate. The bigger spur for investment, they say, would be cuts for corporations.

Small Business December 13, 2024 

The 1099 filing offering from BILL is an all-in-one solution that enables businesses to manage their AP needs and 1099-NEC and 1099-MISC forms together from a single platform.

Isaac M. O'Bannon

Taxes December 12, 2024 

The update given by the IRS on Dec. 12 comes as the threat of additional budget cuts from Republicans and a potential new leader of the agency loom once Donald Trump takes office next month and both chambers of Congress are controlled by the GOP.

Jason Bramwell

Taxes December 12, 2024 

The latest expansion of the IRS business tax account makes this online self-service tool available to C corporations, the tax agency said on Dec. 12. In addition, designated officials can now access business tax account on behalf of their S corporation or C corporation.

Jason Bramwell

Small Business December 12, 2024 

According to SCORE, 82% of small businesses fail due to issues managing cash flow. If money has not been set aside for taxes, an unexpected rise in expenses can cause their business to fail. As a result, personal savings can be wiped out, and those with small business loans can go into debt.

Payroll December 11, 2024 

Required minimum distributions (RMDs) are amounts that many retirement plan and IRA account owners must withdraw annually. These withdrawals are considered taxable income and may incur penalties if not taken on time.

Isaac M. O'Bannon

December 18-19, 2024 

The end of the year is almost here, and that means you need to check if you have all of your CPE completed. A lot of us have just gotten out of extension season, then the election, but if you need more CPE, Ensuring Success is an easy way to earn up to 14 hours…

Isaac M. O'Bannon

Taxes December 10, 2024 

The agency awarded grants to 41 Tax Counseling for the Elderly and 315 Volunteer Income Tax Assistance applicants.

Jason Bramwell

Financial Reporting December 5, 2024 

A new federal law that would require most LLCs, corporations and partnerships to file disclosures with the Treasury Department, including Beneficial Ownership Information, has been halted by a Texas federal judge.

Isaac M. O'Bannon

Taxes December 5, 2024 

The current IRS commissioner, Danny Werfel, has said that he intends to fulfill his term, which is slated to end on Nov. 12, 2027.

Taxes December 3, 2024 

The IRS has extended the deadline for payroll companies and third-party payers to file a supplemental claim for their clients until Dec. 31.

Jason Bramwell

Sales Tax December 3, 2024 

State politicians love to proclaim temporary tax respites, but they rarely achieve their stated objective of boosting economic activity.