Taxes

The new deadline of Oct. 16 applies to California and federal individual and business tax returns and payments.

The Senate voted 54-42 to confirm Werfel, a former acting IRS commissioner under the Obama administration.

Joe Manchin called Daniel Werfel “supremely qualified” but has “zero faith” he would have autonomy in the post.

The research uncovered three consistent pain points among survey respondents. In this post, we’re highlighting the findings specific to enterprise-level companies.

The Inflation Reduction Act reintroduces the corporate AMT, but with major changes, and it only applies to certain corporations, but a company only needs to pass the book income test once to be subject to AMT.

While you focus on your business, Avalara stays on top of legislative and policy changes that can affect your tax compliance.

Although the most significant advantage is the limited liability protection it provides its shareholders, the S Corp election also avoids the double taxation incurred by C Corps.

The IRS is working with payroll companies and large employers to verify W-2 information in light of these scams.