Tax

When most CPAs set out to hang their own shingles, they purchase an existing practice, which gives them a client base right at the starting gate. I didn’t have this advantage. Instead, I built my tax practice one client at a time. More than 30 years later, the most important lesson I’ve learned is that […]

As the race of the Democratic presidential nomination heads into Super Tuesday on March 3—when 15 states and territories will decide delegates—the candidates are debating vital issues like healthcare and climate change. What’s another issue that could ...

The conference, themed The Future of Tax Compliance — Now, will take place May 12–14, 2020, in St. Louis, Missouri, bringing together experts and practitioners at the forefront of the complex world of tax compliance. CRUSH attendees will have ample ...

This simple chart shows an estimate of whey you may receive your 2020 income tax refund. Most taxpayers can get their 2020 income tax refund via direct deposit from the IRS in as little as 10-15 days if they file early.

Marketplace facilitators may be responsible for collecting and remitting tax on third-party sales as early as October 1, 2020. Currently, marketplaces in Kansas aren’t responsible for tax on all sales made through their platform — just for the tax on their direct sales. Since marketplace sellers may not be collecting tax on those sales either, Kansas […]

Even though the phrase may sound clunky and outdated, Voice over Internet Protocol — better known as VoIP — has actually become the de facto way to keep today’s increasingly mobile workforce and distributed family units connected.

Already, nearly two dozen tax practitioner firms have reported data thefts to the IRS this year. Use of the multi-factor authentication feature is a free and easy way to protect clients and practitioners’ offices from data thefts.

In addition, the new regs generally follow the guidelines established in Notice 2018-76 for deducting meal expenses, with only minor changes. Under the proposed regulations, taxpayers may continue to deduct 50% of their meal expenses if the following ...