Income Tax
Latest News
Carr, Riggs & Ingram Adds ProSport CPA
Review of SuiteFiles – The Accounting Technology Lab Podcast – August 2024
Avalara Adds Generative Chat to Bolster Support and Product Experiences for Customers and Partners
What Can be Done About the Accounting Talent Shortage?
How to Get the Most from Higher Education Tax Credits and Deductions
If a client is still eligible for tax break for higher education expenses, accelerating expenses from 2016 into 2015 may increase the size of the tax benefit. But before we explore that year-end opportunity, here is a quick primer on the three main ...
![ac1 thm06 les02 1 5629036667e17](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/20188/ac1_thm06_les02_1_.5629036667e17.png)
Save More Money By Checking Your Tax Withholding
In addition to payroll wages, income tax is often withheld from other types of income, such as pensions, bonuses, commissions and gambling winnings. Ideally, taxpayers should try to match their withholding with their actual tax liability. If not ...
![Tax ID Theft 1 54d6d07eafd9c](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/17961/Tax_ID_Theft_1_.54d6d07eafd9c.png)
IRS Working with States and Tax Companies to Prevent ID Theft
As part of the Security Summit process, members from the IRS, states and industry are co-chairing and serving on several teams. The teams have focused on a number of areas including improved validation of the authenticity of taxpayers and information ...
![tax-planning1_10774420](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/22872/tax-planning1_10774420.png)
Tax Year 2015: Top 10 Tax Planning Issues
As 2015 draws to a close, a turbulent economic and legislative environment means taxpayers need to keep a close eye on several major planning issues, according to Grant Thornton LLP.
![pay federal income tax 1 5627d09b15e9f](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/20161/pay_federal_income_tax_1_.5627d09b15e9f-768x492.png)
IRS Announces 2016 Income Tax Brackets and Tax Rates
For tax year 2016, the Internal Revenue Service has announced annual inflation adjustments for more than 50 tax provisions, including the tax rate schedules, and other tax changes. Revenue Procedure 2015-53 provides details about these annual adjustments.
![valuation 1 560162288b265](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/19878/valuation_1_.560162288b265-768x258.png)
Sageworks Launches New Tax Return Reader Feature for ProfitCents and Valuation Solution
The technology works by “reading” an electronic tax return produced by common tax packages, allowing the user to create financial statements that can be analyzed within ProfitCents and Sageworks Valuation Solution. All fields can be auto mapped, and ...
AARP Gives Consumers Tools to Test Cyber Security
A cyber security survey conducted by the FWN indicates a high incidence of risky online behaviors with bank and credit card accounts, smartphones and public Wi-Fi use.
Weed at Work? 1/5 of SMB Owners Say They’re OK with Medical Pot
A fifth of small-business owners say they would allow an employee with a medical marijuana prescription to use the drug while at work, according to a survey released Wednesday by Employers Insurance.