Small Business
Latest News
IRS Shares Five New Warning Signs of Incorrect ERC Claims
‘Unpredictable’ Election Clouds Tax and Economic Policy View
Sanders May Bring His Populist Brand to Powerful Senate Finance Committee
Accountant Gets Jail Time For Charging $3 Million on New Jersey Employer’s Credit Card
![](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2023/07/salesusetaxes1.jpg)
U.S. Sales Tax Rate Changes Hit 10-Year High
In 2023, businesses faced 444 sales tax rate changes spanning state, county, city and district jurisdictions, marking a 17% rise from last year's combined rate changes. This surpasses the former record of 412 rate changes witnessed in 2017.
![](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2023/03/farm-corn-field-Pixabay-Skitterphoto-g84aae3ba0_640.jpg)
Will Congress Pass a Farm Bill in 2024?
The farm bill, covering over a billion dollars in spending on nutrition programs, crop insurance and sustainable ag-land funds, has been stuck on the legislative road.
![Valentines Chocolate JillWellington Pixabay](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2020/02/Valentines_Chocolate_JillWellington_Pixabay.5e385152d77f1-768x509.png)
Valentine’s Day Retail Sales Expected to Set Record
The top gifts include candy (57%), greeting cards (40%), flowers (39%), an evening out (32%), jewelry (22%), clothing (21%) and gift cards (19%).
![](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2023/06/employee-retention-tax-credit-768x512.jpg)
IRS-CI to Host ERC Seminars for Tax Professionals
The sessions held in February aim to ensure that tax professionals have the latest ERC information and understand ERC eligibility criteria.
![retirement-11](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/27291/retirement-11_11502762-768x549.png)
Don’t Let Retirement Tax Benefits Pass By Your Business Clients
Tax professionals have the opportunity to help reduce their business clients’ taxes by recognizing the opportunity for a retirement plan.
![](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/11/electronic_payments-keyboard_1_.55c4ba9a115cc.jpg)
Forwardly Launches Instant Bill Payment Solution
The new accounts payable automation will allow small businesses in the U.S. to pay bills instantly with 24/7/365 processing while providing multi-level approval features and flexibility to send partial and scheduled payments.
![salestax1_10649319](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/17582/salestax1_10649319.png)
Report Signals Increased Sales Tax Audits and E-Invoicing Growth in 2024
A new report shows continued changes to economic nexus and marketplace facilitator laws in the U.S. and the expansion of e-invoicing globally in 2024, both of which will lead to the likelihood of increase sales tax audits.
![](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/business-for-sale-768x512.jpg)
Selling Your Business? Personal Goodwill Can Reduce Your Tax Burden
Careful planning around a bundle of rights known as goodwill can result in substantial tax savings when selling a corporation or company.