Income Tax
IRS Warns of Huge Increase in Scam Texts
So far in 2022, the IRS has identified and reported thousands of fraudulent domains tied to multiple MMS/SMS/text scams (known as smishing) targeting taxpayers.
Isaac M. O'Bannon
Managing Editor
isaac.obannon@cpapracticeadvisor.com
Isaac M. O'Bannon is the managing editor and digital content manager for CPA Practice Advisor (www.CPAPracticeAdvisor.com), drawing on two decades of experience covering the areas of professional accounting, taxation, business productivity and consumer technologies.
Prior to CPA Practice Advisor, O'Bannon was a consultant at firms in San Francisco, Denver and Tulsa, serving clients that included Logitech, Polycom, Hilti, Microsoft, the Stanford Research Institute, the University of Oklahoma's College of Engineering and other technology leaders. He is a U.S. Navy veteran.
Email: isaac.obannon - @ - cpapracticeadvisor.com
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Accounting
IRS Increases Per Diem Rates
For lower-cost locations of business travel, the daily per diem rate will be $204. The high rate will be $297.
Small Business
Financial Preparedness Tips for Hurricane Season
Hurricane Ian threatens tens of millions of people and businesses in Florida and the East Coast with heavy rains, strong winds and flooding as the Category 4 storm is expected to make landfall September 28.
Accounting
EY Report Shows Businesses Improving on Climate Disclosure, but Lagging on Decarbonization
Almost half of organizations surveyed globally (49%) responded that they have conducted scenario analysis – which is also a TCFD recommendation ...
Accounting
Xero Adds Integration with Construction Management App Procore
The new app integration is now available on the Xero App Store in the United States, Canada, the United Kingdom, Australia and New Zealand.
Small Business
Florida Could Face a Fierce Hurricane Ian Next Week
The storm may eventually target the Gulf Coast of Florida as a major hurricane by the middle of next week, with winds that could reach over 120 MPH.
Accounting
AICPA Foundation Announces Scholarship Recipients for 2022-2023
The American Institute of CPAs (AICPA) Foundation awarded more than $1 million in scholarships, grants and fellowships to students for the 2022-2023 academic year.
Income Tax
IRS Says Wrongfully Forgiven PPP Loans are Taxable
When a taxpayer's loan is forgiven based upon misrepresentations or omissions, the taxpayer is not eligible to exclude the forgiveness from income and must include in ...
Income Tax
Puerto Rico Gets Tax Relief for Hurricane Fiona
The Internal Revenue Service has announced that Hurricane Fiona victims in all 78 Puerto Rican municipalities now have until February 15, 2023, to file various federal individual and business tax returns and make tax payments.
Accounting
Survey Shows Most Professionals are Unprepared for Future of Accounting and Finance
The report also details the transformative effect the global COVID-19 pandemic has had on the finance and accounting function and how finance and accounting ...
Income Tax
Projected 2023 Income Tax Rates
Inflation adjusted amounts in the tax code will increase by roughly 7.1% from 2022, more than double last year’s increase of 3%, according to the 2023 Projected U.S. Tax Rates forecast.
Advisory
Grant Thornton Partners with Hyperproof for Risk Management and Compliance reporting
Hyperproof is a provider of software-as-a-service (SaaS) compliance operations for mid-sized to very large enterprises. Grant Thornton LLP is one of America’s largest audit, tax and advisory firms.