September 30, 2022
IRS Warns of Huge Increase in Scam Texts
So far in 2022, the IRS has identified and reported thousands of fraudulent domains tied to multiple MMS/SMS/text scams (known as smishing) targeting taxpayers.
September 30, 2022
Hurricane Ian Victims Granted Tax Extensions
Hurricane Ian victims throughout Florida now have until February 15, 2023, to file various federal individual and business tax returns and make tax payments.
Firm Management September 30, 2022
700 Volunteers Turn Out for Illinois CPA Society’s 13th Annual CPA Day of Service
Assisting at animal shelters, preparing meals at food banks, feeding the homeless, making children’s school backpacks, and running marathons were just some of the activities ...
September 29, 2022
IRS Increases Per Diem Rates
For lower-cost locations of business travel, the daily per diem rate will be $204. The high rate will be $297.
Firm Management September 28, 2022
Accounting and Finance Salaries Increasing, Says Report
The study found that demand for these roles is most acute in California, Texas, New York, Florida, Illinois, North Carolina, Ohio, and Georgia.
Taxes September 28, 2022
The IRS Botched Lots of Child Tax Credit Payments, Audit Finds
Millions of ineligible people received payments, while millions of eligible taxpayers did not get their money.
September 28, 2022
Who Actually Qualifies for the Employee Retention Credit?
Even companies that have claimed the ERC may want to review their documentation of qualification for the credit.
September 28, 2022
AICPA Supports Request for IRS Deadline Extension for Penalty Relief
In late August, the IRS announced it would offer automatic penalty relief to certain taxpayers for taxable years 2019 and 2020.
![NJCPA[1]](https://www.cpapracticeadvisor.com/wp-content/uploads/2022/07/35734/NJCPA_1_.5dd68391bdb25.png)
September 27, 2022
NJCPA Kicks Off Annual Food Drive
The New Jersey Society of Certified Public Accountants (NJCPA) has launched its thirteenth annual food drive to benefit the Community FoodBank of New Jersey.
September 27, 2022
Bloomberg Tax & Accounting Research and Provision Provides Integrated U.S. Domestic Tax Rates
The new enhancement to Bloomberg Tax Provision makes it easy for users to keep track of the latest tax rate changes and update ...
September 21, 2022
IRS Says Wrongfully Forgiven PPP Loans are Taxable
When a taxpayer's loan is forgiven based upon misrepresentations or omissions, the taxpayer is not eligible to exclude the forgiveness from income and must include in ...
September 21, 2022
Puerto Rico Gets Tax Relief for Hurricane Fiona
The Internal Revenue Service has announced that Hurricane Fiona victims in all 78 Puerto Rican municipalities now have until February 15, 2023, to file various federal individual and business tax returns and make tax payments.