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
IRS Employees Face Prison Time for Defrauding COVID-19 Relief Programs
The five people charged allegedly used PPP or EIDL funding to buy cars, luxury goods, and for personal travel.
Deferred Payroll Taxes Are Coming Due Soon
Businesses have until December 31, 2022, to meet their obligations for federal payroll taxes deferred from as far back as 2020. If a business fails to comply, it may be hit with a hefty tax penalty.
Automating Sales Taxes Enhances Client Relationships
One key to the firm’s success has been adoption of technologies that help staff automate and streamline compliance processes, giving them more time to provide higher-value consulting services.
IRS Warns of Huge Increase in Scam Texts
So far in 2022, the IRS has identified and reported thousands of fraudulent domains tied to multiple MMS/SMS/text scams (known as smishing) targeting taxpayers.
Hurricane Ian Victims Granted Tax Extensions
Hurricane Ian victims throughout Florida now have until February 15, 2023, to file various federal individual and business tax returns and make tax payments.
700 Volunteers Turn Out for Illinois CPA Society’s 13th Annual CPA Day of Service
Assisting at animal shelters, preparing meals at food banks, feeding the homeless, making children’s school backpacks, and running marathons were just some of the activities ...
IRS Increases Per Diem Rates
For lower-cost locations of business travel, the daily per diem rate will be $204. The high rate will be $297.
Accounting and Finance Salaries Increasing, Says Report
The study found that demand for these roles is most acute in California, Texas, New York, Florida, Illinois, North Carolina, Ohio, and Georgia.