Taxes

 Tax Season Liability Issues for Tax Pros

February 3, 2020 

Tax Season Liability Issues for Tax Pros

Many professional liability claims arise because the tax pro had insufficient time to properly review client information received and an otherwise avoidable error is made on the client’s tax return. To help reduce this risk, be proactive and contact ...

 Push for Real-Time Sales Tax Remittance Resurges in Massachusetts

January 30, 2020 

Push for Real-Time Sales Tax Remittance Resurges in Massachusetts

Massachusetts Governor Charlie Baker’s 2021 budget proposal includes a plan to require businesses to remit sales tax more quickly. This is the third time he’s pushed for faster sales tax remittance since taking office in 2015. Will the third time be the charm? The latest plan applies to electronically remitted sales and use tax, local option...…

 2020 Income Tax Season Opens as IRS Begins Accepting Returns

January 27, 2020 

2020 Income Tax Season Opens as IRS Begins Accepting Returns

The deadline to file a 2019 tax return and pay any tax owed is Wednesday, April 15, 2020. More than 150 million individual tax returns for the 2019 tax year are expected to be filed, with the vast majority of those coming before the April 15 tax deadline.

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January 21, 2020 

Grant Thornton Launches Indirect Tax Platform

The platform bridges the various indirect tax management functions into one simplified workflow, easing the compliance burden in addition to providing insight for strategic management.