Taxes May 24, 2023
TurboTax Settlement Checks from Intuit are Starting to Hit Mailboxes
The $141 million settlement stems from allegations that Intuit charged people for services that should have been free.
May 24, 2023
AICPA Endorses Legislation to Simplify Tax Filing Extension Process
The American Institute of CPAs (AICPA) has endorsed bipartisan legislation introduced by Representatives Judy Chu (D-CA) and Mike Carey (R-OH) to simplify the tax filing extension process.
Taxes May 24, 2023
IRS Has Done a Better Job Nipping Tax ID Theft in the Bud This Filing Season
As of March 2, the IRS flagged 1.1 million tax returns with $6.3 billion in refunds for potential identity fraud, said TIGTA in a new report.
Small Business May 23, 2023
New Jersey Considers Tax Cuts for Seniors and Businesses
New Jersey is home to the nation’s highest property taxes, with the average bill hitting a record $9,490 in 2022.
Accounting May 22, 2023
Audit Partners Pessimistic on U.S. Economic Outlook
The survey found that organizations are prioritizing cost management and financial performance over other areas like talent and labor.
Technology May 22, 2023
Facebook Parent Company Fined $1.3 Billion by E.U.
The ban on data transfers was widely expected and once prompted the U.S. firm to threaten a total withdrawal from the EU.
Taxes May 22, 2023
Modernizing Dated Systems: What the IRS Can Learn from the Latvian Government
What if the IRS was more digitized? Well, they’re trying to do just that.
Payroll May 18, 2023
Home-Buying Costs Could Rise 22% if U.S. Defaults on Debt
A debt default would almost certainly mean severe disruption for the economy, with the ripple effects taking their toll on the housing market.
Taxes May 17, 2023
Former IRS Staffer Gets Jail Time for Identity Theft, Tax Fraud
Deena Vang Lee, a former IRS employee in Fresno, CA, and private tax preparer, received four years and six months in prison.
Small Business May 17, 2023
Sales Taxes in South Dakota to Decrease
South Dakota’s state sales and use tax rate will drop from 4.5% to 4.2% starting July 1, 2023.
Taxes May 17, 2023
How to Efficiently Complete a Business Personal Property Rendition
A personal property rendition is a report that lists all business assets (personal property) that are subject to personal property tax, which is typically all tangible personal property unless a specific exemption applies.