Taxes
5 Ways to Gift Yourself Tax Savings This Holiday Season
The Illinois CPA Society offers five money moves to make before the end of the year to create some tax-time savings now and in the year ahead.
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
NYU School of Professional Studies Presents 42nd Annual Institute on State and Local Taxation on December 11-12 in NYC
On December 11-12, the NYU 42nd Annual Institute on State and Local Taxation, hosted by the NYU School of Professional Studies Division of Programs in Business, will take place at the Westin New York at Times Square.
Firm Management
Withum Staff Volunteer 4,000 Hours Nationwide
"Give Back" is one the core tenets that comprise the Withum Way, the accounting firm's code that it promotes among team members.
Accounting
Cetera Completes Acquisition of Avantax
Avantax will operate as a unique community within the Cetera family, with 3,111 financial professionals, representing $82.3 billion in assets under administration and $42.0 billion in assets under management.
Taxes
Survey Shows Proposed 1099-K Rules Would Hurt Sellers
As a result of these proposed changes, 83% of marketplaces anticipate sellers to leave their platforms, and a majority (55%) of marketplace sellers and gig workers are reconsidering online selling and on-demand work.
Accounting
Xero Partners with Avalara to Add Automated Sales Tax Calculations
The solution brings advanced sales tax workflows and management directly into the Xero platform, allowing advisors and business owners to automate sales tax calculations, reporting and filing.
Taxes
Corvee Adds Augusta Rule Deduction Guidelines for Home Rentals to Tax Planning System
The nickname is derived from the practice of taxpayers renting out their in homes as temporary lodging during major sporting events hosted in, or near, their city.
3 Complex Tax Issues Facing Small Businesses
Here are three changes that the IRS has implemented, all of which could have strong impacts on small businesses.
Taxes
2024 IRS Tax Refund Calendar - Estimate When You Will Get Your Tax Refund
The IRS says most e-filed tax refunds are direct deposited into taxpayer bank accounts in as little as 10 days, so why pay to get your refund?
Payroll
Average 401(k) Balances Grow Nearly 10% in 2023
The report also found that a growing number of 401(k) participants are initiating withdrawals from their plans.
Mobile Banking Continues Growth
More than half of Generation Z (57%), Millennials (60%) and Generation X (52%) use mobile banking apps most often, while a plurality of Baby Boomers most often utilize online banking (39%).