IRS July 31, 2026
“This bipartisan bill modernizes and streamlines IRS operations, strengthens taxpayer rights, and delivers a more taxpayer-first system,” Senate Finance Chairman Michael Crapo, R-Idaho, said.
August 4, 2022
To qualify to use a SIMPLE, the business can’t employ more than 100 workers. This includes any employees who earned at least $5,000 in the previous year.
August 3, 2022
Contributions are invested and can grow and compound within your account without any current tax until withdrawals are made. This is an easy type of retirement plan to set up and maintain.
August 2, 2022
Gig economy companies classifying their workers as independent contractors continue to face lawsuits, state action, and federal agency enforcement
Sales Tax August 2, 2022
Historically, over the past 60 years, it has been shown that during adverse economic cycles, the sales tax provides a much more consistent method of funding relative to the income tax.
August 2, 2022
According to SideHustle.com, 45% of Americans (70 million people) report having a side hustle. Among millennials, that number rises to 50%, while 70% of Gen Zs reported looking for a side hustle.
August 2, 2022
The state of Georgia's taxation department has announced that taxpayers can claim fertilized embryos as dependents for tax purposes.
Accounting August 2, 2022
In 2009, Bernie Madoff pleaded guilty to a Ponzi scheme that cost investors an estimated total of $65 billion, the largest in U.S. history. Before that, he had been chairman of the NASDAQ stock ...
Taxes August 1, 2022
Taxpayers who received a CP14 notice but already paid the tax they owed do not need to respond to the notice, IRS said.
August 1, 2022
Unearthing a client’s needs may not be as simple as asking them to employ your consulting services, but it won’t take intensive investigative work either.
Taxes August 1, 2022
“I’m looking forward to finally being able to move on with my life,” said David Schmit, partner at King, Reinsch, Prosser & Co.
July 31, 2022
The man underreported to his return preparer the actual amount of income he received from the sale of his stock, which was worth $4.1 million.
July 31, 2022
NFTs grew out of blockchain, a decentralized, “peer-to-peer network that sits on top of the internet.” Blockchain emerged in ...