Taxes May 17, 2023
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.
Taxes May 16, 2023
Adhere strictly to the substantiation rules for charitable donations. A deduction worth thousands of tax dollars could be at stake.
Accounting May 16, 2023
U.S. regulators are ratcheting up oversight efforts across the banking system as they lack the ability to quickly overhaul rules to blunt turmoil that’s already collapsed four mid-sized lenders.
Taxes May 15, 2023
Rep. Michelle Steel is leading Republicans on a new bill that would preserve a bigger standard deduction at tax time.
Taxes May 14, 2023
Domestic content is generally defined as steel, iron or manufactured products that are manufactured or produced in the United States.
Taxes May 11, 2023
State’s highest court reversed a ruling by a circuit court judge that struck down the first-in-the-nation tax on digital advertising.
Taxes May 11, 2023
The Inflation Reduction Act includes credits for taxpayers who make qualifying energy improvements to their home.
May 11, 2023
Benkoil admitted his conduct resulted in a tax loss to the IRS of nearly $2.5 million and has agreed to pay full restitution.
Taxes May 10, 2023
A 529 plan account owner can roll over up to $35,000 in unused funds to a Roth IRA without paying any tax, beginning in 2024.
Taxes May 7, 2023
Make sure the company is paying you a reasonable rent for the space. It should be the same rate that would be charged to a third party.
Taxes May 7, 2023
The American Institute of CPAs recently submitted a letter to the Department of the Treasury and the Internal Revenue Service (IRS) prioritizing certain provisions of SECURE 2.0
Taxes May 6, 2023
Check to see if the IRS will be conducting a correspondence audit or a field audit. It makes a big difference in how you should handle things.