Income Tax
Latest News
Short Term Rentals Gain Traction as Vacation Preference
Sales Tax Holidays Are Not Profitable for Most Small Business Retailers, Says Report
Review of Thomson Reuters Checkpoint Edge – The Accounting Technology Lab Podcast – Sept 2024
Retail Group Says Recession Unlikely
4 Steps for Small Businesses to Prepare for Tax Season
Preparing to file taxes can sometimes be a year-round job, even for small businesses. It may involve different responsibilities, including estimating tax payments, planning to buy or lease capital equipment, developing retirement-saving strategies, etc.
![da9114a9580b8dceec6e37a41be070aa 1 56e8ce2133a58](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/21391/da9114a9580b8dceec6e37a41be070aa_1_.56e8ce2133a58.png)
Tax Season: Go Be a Hero
Tax accountants have always been the white knights. Auditors were viewed by clients as necessary, consultants the fascinating innovators, but tax accountants were there to save the day.
IRS Is Holding Almost $1 Billion in 2012 Tax Refunds
In cases where a tax return was not filed, the tax law provides most taxpayers with a three-year window of opportunity for claiming a refund. However, if no return is fled in time, the money becomes the property of Uncle Sam. For 2012 tax returns, the ...
![How to File for Tax Extension 670x442 1 56e6bf37319ba](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/21409/How_to_File_for_Tax_Extension_670x442_1_.56e6bf37319ba.png)
Need More Time? Tax Extensions Are Easy, But The Taxes Are Still Due April 15 (Actually, April 18)
Can’t file your tax return by the April 18 deadline? Taxpayers can request an automatic six-month extension of time to file the return, but what many don’t know can cost them.
Clock Ticking on $950 Million in Tax Refunds from 2012
The Internal Revenue Service says that federal income tax refunds totaling $950 million are waiting for an estimated one million taxpayers who did not file a federal income tax return for 2012. To collect the money, these taxpayers must file a ...
![Tax credits 1 56e5f9b436a32](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/21399/Tax_credits_1_.56e5f9b436a32.png)
IRS Offers New Guidance on Work Opportunity Tax Credit
Essentially, employers now have until June 29, 2016 to get all their ducks in a row. The new Notice also explains the rules for a new target group.
![salary word cloud 1 56d49aa3b6921](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/21330/salary_word_cloud_1_.56d49aa3b6921-768x511.png)
How Firms Can Develop Compensation Packages to Land Top Talent
With public accounting firms facing increased competition for skilled staff, it’s more important than ever that companies take a strategic approach to recruiting and hiring. Above-average compensation packages can go a long way in helping your ...
![tax reform 1 5540d268d98f6](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/18605/taxreform_1_.5540d268d98f6.png)
New Tax Laws Offer Big Benefits to Some Small Businesses
This legislation included the extension of more than 50 tax credit and incentive programs that expired on Dec. 31, 2014 – among them an array of federal tax credits that offer incentives to employers who implement various hiring, training and ...