Accounting March 30, 2023
Misclassification of Expenses at Heart of Trump Indictment
Former President Donald Trump was indicted Thursday by a Manhattan grand jury.
Taxes March 30, 2023
AICPA Proposes Operational Plan for Resources Included in Inflation Reduction Act
The AICPA issues its position on the Internal Revenue Service’s (IRS) upcoming operational plan for the $80 billion appropriation provided to the IRS through the Inflation Reduction Act.
Taxes March 30, 2023
AICPA Requests IRS Broaden Relief and Lookback Period for All Disasters
The National Taxpayer Advocate identified this issue as part of its Annual Report to Congress, or Purple Book, highlighting the need for particular attention.
Accounting March 29, 2023
Sam Bankman-Fried Charged for Bribing Chinese Officials
Sam Bankman-Fried was charged with bribing Chinese officials, adding a new dimension to the U.S. government’s case against the FTX co-founder.
Taxes March 29, 2023
Don’t Take Tax Advice from Social Media
The IRS warns that trusting tax advice found on social media can lure otherwise honest taxpayers and tax professionals into compromising tax situations.
Taxes March 29, 2023
Former IRS Worker Guilty of Fraud and Identity Theft
The individual, who was a tax preparer and, at times, an IRS employee, was convicted of several counts of fraud and identity theft.
Taxes March 27, 2023
How Client Conversations Can Turn Tax Season Into Opportunity Season
This offers ideal opportunities to strengthen client relationships and even potentially put better processes and procedures in place ahead of next year’s tax season.
Taxes March 24, 2023
IRS Gives Some New York Taxpayers and Businesses Until May 15 to File and Pay Taxes
Taxpayers and businesses in Erie, Genesee, Niagara, St. Lawrence and Suffolk counties qualify for tax relief.
Payroll March 23, 2023
Paychex Charitable Foundation to Donate $1 Million to Mental Health America
The grant focuses on improving access to mental health education and resources in the company’s key markets across the U.S.
Taxes March 22, 2023
New Tax Law Boosts ABLE Accounts
If you meet the tax law requirements and are receiving Supplementary Security Income (SSI) and/or Medicaid benefits, you’re automatically eligible to participate.
Taxes March 21, 2023
IRS, Treasury Let U.S. Semiconductor Chip Makers Know How to Claim Tax Credit
Tax incentive looks to boost the making of semiconductors and semiconductor manufacturing equipment in the U.S.
Payroll March 21, 2023
What’s a $100,000 Salary Worth Across America
SmartAsset used its paycheck calculator to apply taxes to an annual salary of $100,000, and adjusted the amount for the local cost of living, including housing, groceries, utilities, transportation and other goods and services...