Income Tax
Latest News
U.S. Consumer Inflation Outlook Fell Slightly, Fed Survey Shows
KSM Adds Valuation Firm ValueKnowledge in Illinois
How AI is Reshaping the Future of Finance
EY Acquires HR Tech Consulting Firm Jubilant
AICPA Releases Statement on IRS Announcement Concerning ERC Mills
The AICPA has provided resources and information to its members to warn their clients of red flags that could indicate that a vendor is dishonest and discourage ...
Georgia Society of CPAs and Feeding Georgia’s Accounting Food Fight Raises Nearly 1.4 Million Meals for Georgia Food Banks
campaign, a collaborative effort between Feeding Georgia and the Georgia Society of Certified Public Accountants (CPAs), raised an impressive $347,537.38 - the equivalent of nearly 1.4 million meals.
Over the Last Few Months, Wages Are Rising Faster Than Inflation
Pay is beginning to catch up in the race, and since May, has been rising faster than inflation after losing ground for more than two years.
Georgia Taxpayers in 28 Counties Get Extension Due to Hurricane Idalia
Affected individuals and businesses will have until Feb. 15, 2024, to file returns and pay any taxes that were originally due during this period.
How to Get a Tax Break for Temporary Work Assignments
The IRS often views business travel expense deductions with a healthy dose of skepticism. Consult with your professional tax advisor to ensure you’re on firm ground.
IRS Gives Guidance on New Corporate AMT
The guidance also provides general rules for determining a taxpayer's financial statement income and AFSI.
IRS Releases Initial Guidance on Section 174 Amortization
Notice 2023-63 includes interim rules on the capitalization and amortization of specified research or experimental expenditures.
4 Ways to Deduct Commuting Costs from Taxes
To qualify for transportation deductions, you must be traveling away from your tax home to a business location.