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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It’s Time to Leave These Busy Season Practices in the Past (Where They Belong!)
Every seasoned accountant has been there: feeling stretched too thin after an unforgiving busy season and eager to put it in the past.
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Gift & Estate Tax Valuation: 5 Things to Remember
Here are five things to remember when performing valuation of shares of a closely held entity for gift and estate tax reporting.
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161 Million Americans Have Received Covid Stimulus Payments
The sixth batch of payments began processing on Friday, April 16, with an official payment date of April 21, with some people receiving direct payments in their accounts earlier as provisional or pending deposits. Here is additional information on this...
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Are You the Right Tax Professional for That New Client?
At the end of the day, building relationships with our clients and helping them succeed is our goal. These are just a few of the ways we like to ensure each client that comes to us is the right fit for their needs and ours.
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IRS Gives Safe Harbor to SMBs to Claim Deductions for PPP Loans
With the Dec. 27, 2020, enactment of the Consolidated Appropriations Act, 2021, businesses now may claim these deductions even though they received PPP loans to cover original eligible expenses. These businesses can use the safe harbor provided by this...
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Small Businesses Get Tax Credits for Paid Leave for Covid Vaccinations
Eligible employers, such as businesses and tax-exempt organizations with fewer than 500 employees and certain governmental employers, can receive a tax credit for providing paid time off for each employee receiving the vaccine and for any time needed ...
Avalara for Beverage Alcohol Now Features Shipping Verification
Avalara, Inc. has announced the availability of Avalara Shipping Verification for Beverage Alcohol (Avalara Shipping Verification). Avalara Shipping Verification is a new enhancement to Avalara for Beverage Alcohol, which provides a complete solution for direct-to-consumer (DTC) alcohol businesses across the compliance life cycle, from licensing and product registrations to tax calculations and returns. Avalara is […]
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Taxpayers Can Still Get a Tax Deduction by Setting Up an IRA Before May 17, 2021
If you qualify and beat the tax return deadline, you can take an above-the-line deduction for an IRA contribution. Thus, the contribution may effectively reduce your 2020 tax liability.