Taxes
Latest News
IRS Shares Five New Warning Signs of Incorrect ERC Claims
‘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
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Will the 2022 Income Tax Season be Normal?
So will the 2022 tax filing season be normal? Not likely. In addition to lasting health concerns, a number of new tax law provisions will create complications for some filers, as well as potential pitfalls to avoid. And maybe new tax laws by year's end.
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West Virginia Imposes Sales Tax on Streaming Services
The West Virginia State Tax Department recently clarified that although digital products are exempt from sales and use tax in West Virginia, streaming services are subject to West Virginia sales and use tax. This is at odds with West Virginia’s earlier guidance. Previously, the Tax Department suggested it didn’t tax streaming services. It’s possible to […]
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With Net Neutrality Back in Motion, is Federal Universal Service Fund Reform Next?
The Federal Universal Service Fund promotes unrestricted access to broadband, lifeline communication, and many other public services. It was established originally to ensure everyone in the United States had access to communication services, such as ...
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2021 Estate Planning Tips for Business Owners
Estate planning is often in the back of many people’s minds yet tends to be avoided due to the unsettling thoughts and fears regarding death. Nevertheless, estate planning is a necessity for anyone with children, a business, personal assets, or ...
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Oct. 15 is Tax Deadline for Extended 2020 Tax Returns
Taxpayers can file now and schedule their federal tax payments up to the Oct. 15 due date. They can pay online, by phone or with their mobile device and the IRS2Go app. When paying federal taxes electronically taxpayers should ...
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Nevada Ends Direct-to-Consumer Shipping of Alcohol from Breweries, Distilleries and Retailers
Nevada used to be on the short list of states where breweries, distilleries, and retailers could ship alcohol direct to consumers (DTC). With Nevada’s change of heart, the list of states where breweries, distilleries, and retailers can make ...
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Untangling Complex Ecommerce Tax Issues in the Tobacco and Vape Industry
Regulators and tax authorities have always kept the tobacco industry tidal with ever-changing regulations, taxation, and licensing. With new products like vapor wafting into the market, ecommerce sales surging, and the ...
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How to Help Your Client or Business Through a Sales Tax Audit
Tax laws continue to evolve and add new complexities to business operations. As a result, stakeholders expect their CPAs or internal tax professionals to be prepared for anything. However, as most accountants know, it is impossible to specialize in ...