Taxes
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‘Unpredictable’ Election Clouds Tax and Economic Policy View
Sanders May Bring His Populist Brand to Powerful Senate Finance Committee
Accountant Gets Jail Time For Charging $3 Million on New Jersey Employer’s Credit Card
New Jersey Joins IRS Direct File For 2025 Filing Season
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State Rules for Voluntary Disclosure Agreements Vary Widely
While almost all states offer a Voluntary Disclosure Agreement (VDA) program, issues that qualify for inclusion in these programs vary widely, according to Bloomberg Tax & Accounting’s 22nd annual Survey of State Tax Departments.
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Senate Considers Reviving R&D Tax Deduction
As of this year, companies must deduct their domestic R&D expenses over five years instead of all upfront, making the tax break less lucrative.
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Europe Starts Mandating E-Invoicing to Maintain Transaction Tax Compliance
Ecommerce has enabled millions of small and midsize businesses to tap into the global market. This presents enormous opportunities. It can also create a world of tax requirements.
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Report Says Sales Tax Holidays will Cost States $1 Billion in Revenue in 2022
Lawmakers are increasingly turning to sales tax holidays with unprecedented scope and duration. For example, Florida added five tax-free holidays, ranging from tools for ...
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Corporate Tax Departments at Risk of Falling Behind in Technology Capabilities
Fewer companies this year rated themselves as either “optimized” or “predictive,” the highest stages of development with fully integrated, enterprise-wide automation ...
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Georgia Tax Pro Accused of $2 Million PPP Fraud: Prosecutors Allege She Used Funds for Silicone Implants
Parker is accused of a $2 million scheme, and prosecutors say she used nearly $14,000 of those proceeds for beast augmentation surgery and liposuction.
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Marna Ricker Named New EY Global Vice Chair – Tax
Ricker succeeds Kate Barton, who will take on a new role helping to guide the organization and lead additional projects for the Office of the Chairman, having served the full four-year tenure as EY Global Vice Chair - Tax.
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Donut Shop Owners Convicted of Evading $2 Million in Taxes
Prosecutors say they used unreported income to fund a lavish lifestyle that included multiple luxury vehicles, expensive watches, investment accounts and real estate.