Income Tax
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IRS ‘Get Ready’ Campaign Helps Taxpayers Prepare for Filing Season
Trump Nominates Hedge Fund Exec Bessent to Lead Treasury Department
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Professionals on the Move – Nov. 2024
IRS Temporarily Stops Employee Retention Credit Processing
A rash of bogus ERC claims in recent months has prompted the IRS to put the program on hold through at least the end of 2023.
Projected 2024 Income Tax Brackets
This year’s report projects that several key deductions for taxpayers will see notable year-over-year increases, with the foreign earned income exclusion ...
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.