Small Business October 18, 2023
5 States with the Lowest Combined Business Taxes
When determining the lowest tax states, assess not only the tax rates but also the overall tax burden and incentives offered.
Small Business October 18, 2023
The 10 Trickiest States for Sales Tax Filing
For a variety of reasons, sales tax compliance in certain states takes more time and causes more headaches than sales tax compliance in others.
Small Business October 18, 2023
On-Demand Service Marketplace Compliance Can Be Challenging
On-demand service marketplaces are platforms that connect customers to retailers and service providers for more-or-less immediate delivery. Think less eBay or Etsy and more DoorDash, Upwork, and Lyft.
Payroll October 17, 2023
How Accounting and Tax Pros Can Help Clients Strategize on Social Security
The ideal age to claim Social Security benefits varies for everyone based on their unique financial situation, health, life expectancy, and overall retirement plan.
Income Tax October 17, 2023
American Living in Monaco Pleads Guilty to $5.1 Million IRS Tax Evasion
Schechter never disclosed the income from the sale of the Monaco apartment or the securities bought from sale proceeds to his tax return preparer.
Taxes October 16, 2023
The Like-Kind Exchange Home Sale Strategy
As home values rise, tax structuring becomes more important in how your clients sell their homes.
Taxes October 16, 2023
Oct. 16, 2023, is Deadline for Taxpayers with an Extension
For 2023, however, many taxpayers who had received an extension to file, also later faced various forms of natural disasters for which the IRS has granted additional time to file.
Taxes October 12, 2023
California Adds New Excise Tax on Gun and Ammo Sales
California’s new gun tax is similar to the federal firearms and ammunition excise tax (FAET), which was first implemented in 1919 and is administered by the Alcohol and Tobacco Tax and Trade Bureau.
Income Tax October 11, 2023
Former CFO of Russian Natural Gas Firm Gets 7 Years in U.S. Prison for Tax Crimes
Gyetvay was convicted of concealing his ownership and control over substantial offshore assets and did not file tax returns or pay taxes on millions of dollars of income.
State and Local Taxes October 11, 2023
Proliferation of Fees Adds Layers of Complexity for Indirect Tax Teams
State and local jurisdictions have increasingly turned to introducing new fees as they continue to hunt for additional revenue in response to federal COVID funding drying up and borrowing becoming prohibitively expensive.
Taxes October 11, 2023
Corvee Releases Instead AI Tax Assistant
This latest feature gives users access to an intelligent assistant to provide insightful answers to tax-related questions.
Small Business October 10, 2023
New California Law Bans ‘Junk Fees’ on Hotel Bills, Concert Tickets, and More
You know the ones: A hotel bill that ends with a vague "resort fee." Or those concert tickets that double in price once it's time to type in your credit card information.