Taxes March 6, 2025
AICPA Issues Guidance for Reporting on Stablecoins
These criteria provide a framework to stablecoin issuers for presenting and disclosing information related to the tokens they issue.
Technology March 6, 2025
Vertex Expands e-Invoicing Capabilities to Streamline Compliance and Reporting
Scalable solutions are essential to replace fragmented approaches, ensuring seamless compliance while automating the reconciliation between real-time e-invoice data with periodic VAT filings.
Payroll March 5, 2025
Supreme Court Says Trump Can’t Freeze USAID Funds for Completed Projects
The exact effect of the Supreme Court action remains to be seen, given the administration’s broad resistance to foreign aid, even in the face of court orders.
Small Business March 5, 2025
Trump Warns of Tariff ‘Disturbance’ as He Touts Trade Plans in Address to Congress
While acknowledging there may be an “adjustment period” as his tariffs take effect, President Donald Trump defended his push to remake the U.S. economy and declared “momentum is back” in a prime-time speech to Congress Tuesday night.
Accounting March 5, 2025
N.J. Accounting Professor Sentenced to Prison For Tax Evasion
Gordian A. Ndubizu was sentenced to two years in prison after being convicted on Aug. 15 of four counts of tax evasion and four counts of filing false tax returns in tax years 2014 through 2017.
Taxes March 4, 2025
W-2 and 1095-A Forms Added to IRS Individual Online Account Tool
The IRS said Feb. 27 that it's adding the two information return documents to its IRS Individual Online Account tool, which the agency said will consolidate important tax records into one digital location.
Taxes March 4, 2025
Latest IRS Numbers Show Tax Refund Amounts Are Up
The IRS reports the average tax refund in 2025 is up $240 through the week ending Feb. 21, with more than 42 million returns processed so far.
Taxes March 3, 2025
AICPA Pushes Back on Treasury Final Regulations on Related-Party Basis Adjustment Transactions
In its latest comment letter, the AICPA urges immediate suspension and removal of the final regulations due to the impractical provisions and administrative burdens it imposes.
Technology March 3, 2025
Wolters Kluwer Enhances Form 5330 E-Filing Capabilities
Wolters Kluwer has rolled out new enhancements that allow businesses to electronically file Form 5330 with the IRS from ftwilliam.com, Wolters Kluwer's employee benefit and pension software.
Technology March 3, 2025
April Tax Software Now Licensed to E-file in All 50 States
The embedded tax software provider said it has secured the necessary e-file licenses to enable Americans to electronically file in all 50 states, becoming the first new nationally licensed e-file provider in more than 15 years.
Small Business March 2, 2025
Treasury Department Suspends Enforcement of BOI and Corporate Transparency Act
The Treasury Department announced March 2 that it will no longer enforce the Corporate Transparency Act or the associated beneficial ownership information reporting requirements.
Taxes February 28, 2025
2025 Tax Refund Schedule – When Will You Get Your IRS Refund? – Updated
Still waiting on your 2025 income tax refund? This chart can help you estimate when you will receive your refund, even with the changes at the IRS.