Taxes

Taxes March 8, 2023 

The Inflation Reduction Act reintroduces the corporate AMT, but with major changes, and it only applies to certain corporations, but a company only needs to pass the book income test once to be subject to AMT.

Sales Tax March 7, 2023 

While you focus on your business, Avalara stays on top of legislative and policy changes that can affect your tax compliance.

Accounting March 7, 2023 

Although the most significant advantage is the limited liability protection it provides its shareholders, the S Corp election also avoids the double taxation incurred by C Corps.

Nellie Akalp

Taxes March 7, 2023 

The IRS is working with payroll companies and large employers to verify W-2 information in light of these scams.

Taxes March 7, 2023 

The president’s budget proposes raising Medicare taxes from 3.8% to 5% on annual income above $400,000.

Accounting March 6, 2023 

Beginning in 2027, for calendar year taxpayers, a public company’s covered employees will include Current Law Covered Employees as well as the next five highest paid employees.

Taxes March 6, 2023 

Here are some strategies you can use to avoid an oversized tax bill when bringing foreign earnings back stateside.

Taxes March 2, 2023 

His nomination was approved by the committee on a 17-9 bipartisan vote. The full senate will now vote on his confirmation.

Isaac M. O'Bannon

Digital Currency March 1, 2023 

Nishad Singh, the former head of engineering at FTX, pleaded guilty to wire fraud and several other charges.

Taxes March 1, 2023 

During National Consumer Protection Week, March 5-11, IRS-CI will share information on its social media about tax scams.

Jason Bramwell

Taxes March 1, 2023 

IRS statistics for the week ending Feb. 17 show the average refund is $3,140, down 11.2%, or $396, from last year.

Accounting March 1, 2023 

AICPA News is a roundup of recent announcements from the American Institute of CPAs.

Mary Girsch-Bock