Taxes
Latest News
‘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
New Jersey Joins IRS Direct File For 2025 Filing Season
New Jersey CPA Pleads Guilty to $2.5 Million Tax Fraud
Benkoil admitted his conduct resulted in a tax loss to the IRS of nearly $2.5 million and has agreed to pay full restitution.
More Flexibility for Section 529 Plans
A 529 plan account owner can roll over up to $35,000 in unused funds to a Roth IRA without paying any tax, beginning in 2024.
New Jersey Allows Cannabis Businesses to Deduct Expenses on State Taxes
Under the new state law, the business subject to the corporation business tax will be allowed to deduct from income all ordinary expenses associated with managing a licensed cannabis business.
Sam Bankman-Fried Wants Criminal Charges Dropped
A filing from the FTX founder’s legal team argues 10 charges in Bankman-Fried’s 13-count indictment should be dismissed.
$279 Million: A Whistleblower Just Got That From the SEC
It is the largest-ever reward the SEC has paid to a whistleblower; the previous highest reward was $114 million in October 2020.
California and New York Are Losing More Residents to Low-Tax States, IRS Says
Tennessee, Texas, Florida, and the Carolinas are popular relocation spots because these states don’t tax income.
Mythbusters: Hosting Vs. Cloud Native
A hotly debated topic in the accounting profession right now is the difference between hosted and cloud native software, and which works best for your firm.
Cannabusiness Tax Liabilities and How to Navigate Filing
Making sure your COGS are accurate is the best way to ensure your tax liability is accurate as well, and working with a seasoned accounting professional can give you that peace of mind.