Advisory September 16, 2026
Your Client Has 501(c)(3) Status. Is Its Illinois Real Estate Exempt?
State sales tax exemptions and property tax exemptions, often do not flow with federal public charity status.
Payroll November 1, 2023
IRS Increases 401(k) Limit to $23,000 for 2024; IRA Limit Raised to $7,000
The contribution limit for employees who participate in 401(k), 403(b), and most 457 plans, as well as the federal government's Thrift Savings Plan is increased to $23,000, up from $22,500.
Accounting November 1, 2023
Avalara Adds 17 Certified Integrations into Business Apps
Avalara certified integration partners have met criteria developed by Avalara for performance and reliability.
IRS November 1, 2023
Biden Would Veto House GOP’s Israel Aid Bill That Cuts IRS Funds, White House Warns
The legislation, championed by new House Speaker Mike Johnson, has already run into stiff bipartisan opposition from the Senate.
Taxes November 1, 2023
5 Family-Based Income Tax Breaks
Families may be eligible for certain tax benefits along the way. Here are five of the main tax breaks on the books.
Taxes November 1, 2023
Employers Can Get a Tax Benefit for Providing Gym Access
Although this tax break has been on the books for decades, several special rules may come into play.
IRS October 31, 2023
House Republicans’ $14.3B Israel Aid Bill Would Impact the IRS
Stand-alone measure seeks to offset Israel support by clawing back $14.3 billion in IRS funding from the Inflation Reduction Act.
Small Business October 30, 2023
Halloween Shopping Expected to Top $12.2 Billion; Dog Owners Add to Total
The top ways consumers are planning to celebrate are handing out candy (68%), decorating their home or yard (53%) or dressing in costume (50%).
IRS October 30, 2023
IRS OKs E-Signatures to Be Used on a Slew of Forms Indefinitely
The agency said Monday it will continue to allow alternatives to handwritten signatures to be accepted for certain tax documents.
IRS October 30, 2023
IRS Boosts Hiring for Taxpayer Assistance Centers
The agency has increased staffing at its TACs by 31% during FY 2023 thanks to funding from the Inflation Reduction Act.
Taxes October 30, 2023
Canopy to Host Summit for Accounting Professionals on Nov. 9. 2023
Canopy’s annual summit will include insights from CEO Davis Bell and Chief Product Officer (CPO) Shane Westra along with a panel of business experts.
Taxes October 27, 2023
IRS Promotes E-Filing of Payroll Tax Forms
While paper filing is available, the IRS strongly encourages e-filing. E-filing is the most secure, accurate method to file returns, and it saves time.
Taxes October 25, 2023
IRS Starts Business Tax Accounts
The business tax accounts are part of a continuing effort to improve IRS taxpayer services and make the agency more tech-friendly.