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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Do Your Clients Need a Mid-Year Tax Checkup?
CPA tax advisors are in a unique position as financial physicians. Now is an ideal time to be proactive and contact clients who might be in need of a mid-year financial check-up. With potentially significant changes to the tax landscape looming, we ...
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Cannabis Accounting: What Your Clients Need to Know
Because so many new cannabis business owners have lots of questions I've pulled together the common ones I hear so you can help prospective clients understand the ways accounting professionals can support their businesses.
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Most States to Treat PPP Loan Forgiveness as Nontaxable Income
Twenty-nine state tax departments responded they will follow the federal treatment of such forgiveness or cancellation under section 1160(i) of the CARES Act and will not treat these amounts as taxable income. An executive summary of the survey, which ...
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Avalara Enables Global Sellers to Manage Treaty and Trade Restrictions for Cross-Border Commerce
Trade treaties are formal agreements between two or more countries that make it easier to trade between each other by reducing tariffs, quotas, and other trade restrictions. For businesses, assembling and maintaining content related to treaties ...
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Third Anniversary of Wayfair Marked by Pandemic
It’s been three years since the Supreme Court of the United States issued the game-changing decision on South Dakota v. Wayfair, Inc. Businesses are still learning how to manage the aftereffects of this groundbreaking event, even as they navigate the ...
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Maine Eliminates Transaction Thresholds for Remote Sellers and Marketplaces
This change stems from the enactment of House Paper 891, An Act To Amend the State Tax Laws, which Governor Janet Mills signed into law on June 11, 2021. The measure doesn’t mention the transaction threshold — it simply removed it from the section ...
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IRS Launches Online Tool to Register for Monthly Child Tax Credit Payments
The Treasury Department and the Internal Revenue Service have unveiled an online Non-filer Sign-up tool designed to help eligible families who don’t normally file tax returns register for the monthly Advance Child Tax Credit payments, scheduled to ...
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Post Pandemic Effects: A Preview of the Mid-Year Sales Tax Rates and Rules Changes
A clearer picture of the post-pandemic U.S. sales tax environment is emerging, and things are looking (surprisingly) brighter, yet (predictably) more complex.