Income Tax February 10, 2025
IRS Income Tax Refund Schedule for 2025
This chart can help you estimate when you should get your 2025 income tax return, based on when you file and a few other easy factors.
Small Business February 7, 2025
Maryland Considers Adding Retail Delivery Fee
The fee would apply once per transaction even if the items are delivered in multiple shipments, so long as the purchase contains one item of tangible personal property subject to Maryland sales tax.
Small Business February 7, 2025
Tax Court Sides with IRS: Businesses Need to Prove Their Expense Deductions
If you’re a self-employed individual, you can deduct your “ordinary and necessary” business expenses, just like the corporate giants do. However, you’re also held to the same strict substantiation rules.
Small Business February 7, 2025
A Guide to Understanding Value-Added Tax (VAT)
If you plan to do business outside of the United States, you’ll need to understand value-added tax (VAT). It’s the most common consumption tax in the world.
Taxes February 7, 2025
Interpreter Who Stole Millions From Shohei Ohtani Gets 57 Months in Prison
Ippei Mizuhara, who stole nearly $17 million from the Los Angeles Dodgers superstar to cover debts, was ordered to pay nearly that sum in restitution to Ohtani and a little more than $1 million to the IRS.
Taxes February 7, 2025
2025 IRS Income Tax Refund Schedule – Estimate When You’ll Get Your Refund
If you found this article, you're probably expecting a refund and are starting to think about doing your taxes or going to a tax pro, or perhaps you just filed, and are curious how long you need to wait for that $$$.
Small Business February 6, 2025
Essential 2025 Sales Tax Law Changes
The report covers sales tax changes specifically affecting the manufacturing, retail, and software industries. It also addresses beverage alcohol, communications, excise, lodging, and VAT changes.
IRS February 6, 2025
IRS Employees Who Planned to Take Trump’s Offer to Leave Now Told They Must Stay Through Tax Season
The IRS has notified workers essential to tax season that they must work until May even if they accepted the Trump administration's federal employee buyout offer, the deadline of which was put on hold temporarily by a federal judge on Feb. 6.
State and Local Taxes February 6, 2025
Trump Considers Ending Carried Interest, Expanding SALT Deduction
President Donald Trump outlined his tax priorities in a meeting with Republican lawmakers, including a call to end the carried interest tax break used by private equity fund managers and expand the state and local tax deduction.
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Taxes February 6, 2025
AICPA Requests Changes to Tax Forms to Show Disaster-Impacted Returns
The American Institute of CPAs requested that the IRS incorporate a checkbox and Federal Emergency Management Agency (FEMA) disaster number space into various tax returns.
Taxes February 6, 2025
Cap on State and Local Tax Deductions Resulted in Higher Taxes, Says Survey of CPAs
The survey was created to gauge the impact of the $10,000 cap on SALT deductions imposed by the Tax Cuts and Jobs Act (TCJA) in 2017. The cap is due to expire this year.
Small Business February 5, 2025
CFOs Show Signs of Optimism in Latest Grant Thornton Survey
Respondents reported 13-quarter highs in their confidence in meeting growth projections (65%), increased demand (64%), cost control goals (62%) and labor needs (60%).