Taxes April 22, 2025
Now’s the Time to Adjust Tax Withholdings on Your Paycheck, IRS Urges
By checking tax withholding, individuals can prevent having to owe additional money and any potential penalties at tax time.
Payroll April 21, 2025
Want to Take Home $100K After Taxes? Here’s How Much You Need to Earn
A study by GoBankingRates found that nationally the average person needed to earn $130,000 to take home $100,000 after factoring in federal and state income taxes.
Advisory April 18, 2025
After the Deadline: How CPAs Can Use Child Care Tax Credits to Deliver Year-Round Value to Business Clients
The Employer-Provided Child Care Credit (IRC §45F). It allows employers to claim up to $150,000 in annual federal tax credits for supporting Child Care.
Taxes April 16, 2025
IRS Direct File Likely to Be Shut Down After This Year
The Trump administration is reportedly planning to pull the plug on IRS Direct File, the free online service that allows many taxpayers to file their tax returns directly with the agency.
Taxes April 16, 2025
How to Navigate Depreciation Deductions for Business Property
Generally, you can claim depreciation-related tax breaks for qualified business property that is “placed in service” during the year. But in a new case involving a yacht chartering operation, the Tax Court acknowledged that these can be tricky tax waters.
Taxes April 15, 2025
IRS Plan to Give Data to ICE Could Wallop California
According to the Institute on Taxation and Economic Policy, undocumented taxpayers contributed an estimated $8.5 billion in state and local taxes in California in 2022, more than in any other state.
Taxes April 15, 2025
Here’s How Much the Average American is Receiving in Tax Refunds, According to Latest IRS Data
Through April 4—the latest date currently available—the IRS has issued 67,745,000 refunds, roughly 1.4% more than the 66,799,000 that had been issued by that time last year.
Taxes April 15, 2025
79% of Tax and Accounting Firms Expect Significant GenAI Integration by 2027
The 2025 Generative AI in Professional Services Report found the percentage of tax firms already implementing GenAI technology has nearly tripled year-over-year.
Taxes April 15, 2025
IRS Pushes Back Tax Filing Deadline For All Arkansas Residents
The same early April severe storm that caused the IRS to extend the federal tax filing deadline for the entire state of Tennessee on Monday will also give all of Arkansas a Tax Day reprieve.
Payroll April 15, 2025
Two-Thirds of Gen Z Feels Unprepared for Financial Future, Generational Wealth Transfer
As Baby Boomers are poised to pass down an estimated $84 trillion to younger generations by 2045, the data suggests younger generations aren’t equipped to handle it just yet.
Taxes April 15, 2025
Here’s How Many Millions IRS Workers Owe in Back Taxes
New legislation proposed by Sen. Joni Ernst (R-IA), called the "Audit the IRS Act," is aimed at ensuring that IRS employees are up to date with their taxes.
Taxes April 14, 2025
All of Tennessee Qualifies for IRS Disaster Tax Relief After Severe Storms
As a result of the severe storms, which included tornados and flooding, that began on April 2, taxpayers now have until Nov. 3 to file various individual and business tax returns and make tax payments.