Taxes June 9, 2023
AICPA Expresses Strong Support for Bicameral Disaster Tax Relief Legislation
The process for receiving tax filing relief from the IRS during a natural disaster can be overwhelming.
Taxes June 9, 2023
House Ways and Means Set to Put GOP Tax Priorities Up for Vote Next Week
The Republican-led committee is preparing to consider a package of tax breaks for individuals and businesses next week.
Taxes June 8, 2023
A New Approach to Make Next Tax Season Go More Smoothly
Accounting firms that embrace these technologies will be able to stay ahead of their competition and provide their clients with the highest quality services.
Taxes June 8, 2023
Supreme Court Rules in Favor of 94-Year-Old in Property Tax Dispute
Justices ruled in favor of Geraldine Tyler who didn't receive a single dime after her condo was seized and sold over a small unpaid tax bill.
Taxes June 1, 2023
IRS Proposes Rules on Energy Projects for Low-Income Areas
A program established by the Inflation Reduction Act incentivizes solar and wind power in certain low-income communities.
Taxes June 1, 2023
BEPS 2.0 Pillar Two – What Tax Teams Need To Succeed
Organizations should aim to remove inefficient and time-consuming processes associated with tax reporting, while empowering tax managers to collaborate with the executive team and prioritize strong policies.
Taxes June 1, 2023
IRS, Treasury Provide More Guidance for Advanced Energy Project Credit
The qualifying advanced energy project credit program was re-established last year by the Inflation Reduction Act.
Small Business May 31, 2023
Bipartisan Bill in Ohio Would Legalize Recreational Marijuana
The Regulate Marijuana Like Alcohol coalition is gathering signatures across the state in hopes of qualifying for the November ballot. Ohio already has a medical marijuana program.
Taxes May 30, 2023
IRS Alerts Business Owners About ERC Scam
The agency says marketing fraudsters are misrepresenting and exaggerating who can qualify for the employee retention credit.
Accounting May 27, 2023
Biden and McCarthy Reach Tentative Debt Limit Deal
The deal struck Saturday night offers a lot for the two parties not to like, from expanded work requirements for food stamps opposed by Democrats to higher spending levels than conservatives demanded.
Taxes May 26, 2023
How to Be Prepared for an ERC Audit
The IRS is actively auditing and conducting criminal investigations related to these false claims. People need to think twice before claiming this.
Sales Tax May 26, 2023
Florida Adds New Sales Tax Holidays, But with a Bug
The Florida Legislature erred in including items eligible in two of the sales tax holidays, but that have different tax treatments.