Taxes

State’s highest court reversed a ruling by a circuit court judge that struck down the first-in-the-nation tax on digital advertising.

The Inflation Reduction Act includes credits for taxpayers who make qualifying energy improvements to their home.

The five men and one woman were charged on May 10 with conspiracy to commit bank fraud and face up to 30 years in prison.

Benkoil admitted his conduct resulted in a tax loss to the IRS of nearly $2.5 million and has agreed to pay full restitution.

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.

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.

A filing from the FTX founder’s legal team argues 10 charges in Bankman-Fried’s 13-count indictment should be dismissed.

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.