Taxes
Latest News
Understanding Employees’ Preferences: The Key to CPA Firms Attracting Top Talent in 2025
2025 Tax Refund Date Estimator – And Last Minute Tax Tips for 2024
IRS Will Phase in $600 1099-K Reporting Threshold in 2026
Review of HubSync – The Accounting Technology Lab Podcast – Nov. 2024
Maine Man Gets 33 Months in Prison for Misusing PPP Funds
He admitting using more than $300,000 from two loan programs authorized by Congress during the COVID-19 pandemic for bail on a theft charge in Florida.
IRS to Use ‘Digital Assets’ Instead of ‘Virtual Currency’ on 2022 Forms 1040
A question regarding digital assets must be answered by all taxpayers on their 2022 income tax returns.
Five Reasons Cannabis Organizations Should Outsource Their Accounting in 2023
Outsourcing accounting functions not only simplifies their financial responsibilities and allows them to focus on other business functions, but also strengthens compliance with tax and legal regulations.
Supreme Court Shoots Down Appeal on Use of COVID Aid for Tax Cuts
Several GOP-led states sued after President Biden signed the American Rescue Plan Act into law in 2021.
Arizonans Renting Homes During Super Bowl May Need a Permit and Face a Rental Tax
Short-term rental hosts that don’t already have an Arizona transaction privilege tax (TPT) license will need to obtain one from the Arizona Department of Revenue. A local business license may also be required.
Some States Are Considering Shelving the Grocery Tax
Five of the 13 states where groceries were taxed as of last Jan. 1 passed laws to eliminate or ease the pinch.
Trump Ends NY Tax Return Fight Because GOP ‘Has No Interest’
Latest filing from Trump’s lawyer cited the TRUST Act and the recent change in political circumstances.
Abolish Income Taxes? Idea Gains Some Traction in Congress
House Republicans recently introduced “Fair Tax” legislation that will likely stall in the Senate.