Benefits May 29, 2026
Don’t Forget About Tax on Social Security Benefits
Seniors can lower their PI via capital losses, annuities, growth stocks, life insurance, or IRA contributions.
Sales Tax May 13, 2023
Alabama Business Tax Licenses Must be Renewed Annually
Other states that require sales tax licenses to be renewed annually include Arizona, Arkansas, and Rhode Island.
Taxes May 12, 2023
IRS is Looking to Connect More Taxpayers with Appeals Services
The agency is seeking ideas on how to improve tax dispute conference options for taxpayers who don’t live close to an appeals office.
Taxes May 12, 2023
AICPA Supports Extending Tax Mailbox Rule to E-Filed Returns and Payments
This practice – known as the “mailbox rule” – already applies to payments and documents sent to the IRS through traditional mail.
Taxes May 11, 2023
Maryland Supreme Court Revives State’s Digital Ad Tax
State’s highest court reversed a ruling by a circuit court judge that struck down the first-in-the-nation tax on digital advertising.
Taxes May 11, 2023
How Homeowners Qualify For the New Energy Efficient Tax Credits
The Inflation Reduction Act includes credits for taxpayers who make qualifying energy improvements to their home.
Taxes May 11, 2023
Ex-IRS Agent, Five Others Charged in COVID Fraud Plot
The five men and one woman were charged on May 10 with conspiracy to commit bank fraud and face up to 30 years in prison.
May 11, 2023
New Jersey CPA Pleads Guilty to $2.5 Million Tax Fraud
Benkoil admitted his conduct resulted in a tax loss to the IRS of nearly $2.5 million and has agreed to pay full restitution.
Taxes May 10, 2023
More Flexibility for Section 529 Plans
A 529 plan account owner can roll over up to $35,000 in unused funds to a Roth IRA without paying any tax, beginning in 2024.
Taxes May 10, 2023
New Jersey Allows Cannabis Businesses to Deduct Expenses on State Taxes
Under the new state law, the business subject to the corporation business tax will be allowed to deduct from income all ordinary expenses associated with managing a licensed cannabis business.
Digital Currency May 9, 2023
Sam Bankman-Fried Wants Criminal Charges Dropped
A filing from the FTX founder’s legal team argues 10 charges in Bankman-Fried’s 13-count indictment should be dismissed.
Accounting May 8, 2023
Mythbusters: Hosting Vs. Cloud Native
A hotly debated topic in the accounting profession right now is the difference between hosted and cloud native software, and which works best for your firm.
Taxes May 7, 2023
Cannabusiness Tax Liabilities and How to Navigate Filing
Making sure your COGS are accurate is the best way to ensure your tax liability is accurate as well, and working with a seasoned accounting professional can give you that peace of mind.