Taxes

Payroll July 19, 2023 

Previously, any money that grandparents gave a grandchild for college had to be reported as student untaxed income on the FAFSA, potentially lowering the student’s eligibility for financial aid.

Taxes July 18, 2023 

Over the past 60 years, in times of adverse economic cycles, sales taxes have provided a more resilient method of funding relative to income and property taxes.

Isaac M. O'Bannon

Small Business July 18, 2023 

Is shipping taxable? Just as there’s no one way to get products into the hands of customers, there’s no one way to tax delivery charges: Taxability varies by state and is influenced by the delivery method.

Gail Cole

Taxes July 17, 2023 

A frivolous claim is one that is used to support an unreasonable entry on your returns or the failure to file a return. Numerous such claims have been shot down by the IRS, as well as the courts, in recent years.

Ken Berry, JD

Taxes July 13, 2023 

This marks the eighth year that the Security Summit partners have worked to raise awareness about these issues through the "Protect Your Clients; Protect Yourself" campaign.

Isaac M. O'Bannon

Accounting Technology Lab Podcast July 12, 2023 

Technologists Randy Johnston and Brian Tankersley, CPA, discuss the pros and cons, as well as the technologies and liabilities, of outsourcing tax and accounting tasking.

Brian Tankersley, Randy Johnston

Taxes July 12, 2023 

The Internal Revenue Code includes several tax strategies that may help your clients better prepare for the potential costs of long-term care—here are three to consider.

Daniel F. Rahill

Small Business July 12, 2023 

Because registering in multiple states is time-consuming and requires numerous compliance deadlines, most companies employ a third-party formation service to ensure they stay on the right side of the law.

Nellie Akalp

Accounting July 12, 2023 

This integration enables users to print and automatically route documents like tax returns from UltraTax CS directly to the correct folder in SmartVault.

Isaac M. O'Bannon

Accounting July 11, 2023 

When the U.S. Supreme Court ruled in favor of the state in South Dakota v. Wayfair, Inc., in 2018, it expanded the complexity of sales tax obligations for many businesses.

Isaac M. O'Bannon

Accounting July 11, 2023 

According to the survey, 76% of financial institutions are experiencing enhanced regulatory scrutiny related to sanctions since early 2022.

Isaac M. O'Bannon

Taxes July 9, 2023 

Qualified deductible expenses include the cost of books, tuition, food, clothing, transportation, medical and dental care, entertainment and other amounts actually spent for the student's well being.

Ken Berry, JD