Taxes February 3, 2025
The Biggest Tax Credit Many People Miss: The EITC
One in five eligible taxpayers don’t claim this credit worth up to $7,830.
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
Taxes February 3, 2025
One in five eligible taxpayers don’t claim this credit worth up to $7,830.
Taxes February 3, 2025
Students from Brigham Young University won Deloitte’s 2025 FanTAXtic national case study competition. Baruch College and the University of Florida came in 2nd and 3rd.
Accounting January 27, 2025
The new systems and protocols will ensure that AI is used not just effectively, but responsibly, enhancing creativity and optimizing performance all while
Firm Management January 23, 2025
The professional accounting firm prides itself on being independent and caters to high-net-worth individuals and families, entrepreneurs, real estate and entertainment industry professionals.
January 23, 2025
The AICPA’s comments focus on various aspects of the proposed regulations, including general concepts and methods and periods, international tax, passthrough, and mergers and acquisitions issues.
January 23, 2025
Most Americans have pretty simple taxes: A job or two (form W-2), maybe a side gig (forms 1099 or 1099-NEC), some child tax credits, maybe a mortgage or a few minor additions. The chart below is for you.
Taxes January 22, 2025
The Senators also claimed Bessent, "... avoided paying nearly $1 million in Medicare taxes on your hedge fund earnings over the course of three years by reporting on your tax returns that you were a “limited partner” ...
Firm Management January 22, 2025
Successful uptake of new technology is a matter of emotions — and with 4 in 5 companies saying they’re failing to capitalize on its potential, managers need to know how to deal with them, say researchers from Aalto University.
Technology January 22, 2025
CPAClub Coach is an AI-powered advisor combined with live CPA expertise. Designed to bridge the talent gap in accounting, CPAClub Coach integrates artificial intelligence with live expert support, offering members personalized coaching and timely, standards-based guidance on both accounting and audit-related questions.
Small Business January 21, 2025
A handful of home rule states − Colorado, Alabama, Louisiana, Arizona, and Alaska – are making moves toward simplification. Still, businesses selling into home rule states continue to face an onerous tax compliance burden.
Taxes January 21, 2025
The current statute requires the IRS to wait for a federal disaster declaration, which cannot happen until after the disaster occurs, in order to grant deadline extensions.
Accounting January 20, 2025
The order requires Equifax to comply with federal law, and Equifax must pay a $15 million civil money penalty, which will be deposited into the CFPB’s victims relief fund.