Taxes
IRS Offers Special Resources Pages in 21 Languages
The agency's multilingual efforts are a part of its Strategic Operating Plan, which has received additional funding since the enactment of the Inflation Reduction Act.
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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Taxes
IRS Says March 22 is Deadline to Resolve Questionable ERC Claims
The Internal Revenue Service has renewed its message for businesses to review the Employee Retention Credit guidelines to avoid future compliance action for improper claims.
Firm Management
"Blueprints for Business" - Digital Event Aims to Help Firms in 2024
Get ready to enhance practice management, expand networks, and elevate professional capabilities with Blueprints for Business.
Accounting
Xerocon 2024 Nashville: Aug. 14-15, 2024
The event will be hosted at the Music City Center, allowing Xero’s community of accountants and bookkeepers from across the U.S., Canada and beyond the chance to connect, as well as options for earning CPE credit.
Accounting
Oracle Adds Generative AI Capabilities to Oracle Fusion Cloud Suite
The latest AI additions include new generative AI capabilities embedded in existing business workflows across finance, supply chain, HR, sales, marketing, and service.
Small Business
February Retail Sales Saw Rebound
The Census Bureau said overall retail sales in February were up 0.6% seasonally adjusted from January and up 1.5% unadjusted year over year.
Payroll
Spending on Easter Forecast to Top $22 Billion
They plan to spend an average of $177.06 per person, the third highest per-person spend in the survey’s history, after $192.01 last year and $179.70 in 2021.
Taxes
Louisiana Doctor Gets 4 Years in Prison for Tax Evasion
Dr. Melissa Rose Barrett, of Baton Rouge, owed the IRS approximately $1.6 million in income taxes.
Taxes
AICPA Asks IRS for Guidance on Excess Business Losses
IRC Section 461(l) disallows EBLs for taxpayers other than C corporations for tax years beginning after 2020 and before 2029.
Taxes
IRS Names New Chief of Criminal Investigations
Guy Ficco will oversee a worldwide staff of more than 3,200 Criminal Investigation (CI) employees, including 2,200 special agents who investigate crimes involving tax, money laundering, public corruption, human trafficking, drug trafficking, cybercrime and terrorism-financing.
Payroll
First U.S. Latino Payroll Platform Launches, Gets Seed Funding
Trez.co, the first U.S. Latino payroll platform company in the United States, has launched and announced its board of advisors.
Payroll
Worker Time Off Requests Hit Highest Point Since 2019
While a higher proportion of employees are asking for PTO every year, PTO approvals aren't keeping pace, leaving a wider gap of unapproved time off.