Taxes February 6, 2026
IRS Issues Proposed Rules on Clean Fuel Tax Credit
The Treasury Department and the IRS released proposed regulations Feb. 3 on the clean fuel production credit under the One Big Beautiful Bill Act.
August 5, 2022
Solo 401(k) Plans: Looking Out for Number One
A solo 401(k) plan works pretty much like a traditional 401(k). For starters, you can elect to defer part of your salary to your account within generous annual limits.
August 4, 2022
Starting a Retirement Plan? Keep It SIMPLE
To qualify to use a SIMPLE, the business can’t employ more than 100 workers. This includes any employees who earned at least $5,000 in the previous year.
August 3, 2022
IRAs Are Better Than No Retirement Plan At All
Contributions are invested and can grow and compound within your account without any current tax until withdrawals are made. This is an easy type of retirement plan to set up and maintain.
August 2, 2022
The Independent Contractor Dilemma
Gig economy companies classifying their workers as independent contractors continue to face lawsuits, state action, and federal agency enforcement
Sales Tax August 2, 2022
U.S. Sales Tax Reached All-Time High
Historically, over the past 60 years, it has been shown that during adverse economic cycles, the sales tax provides a much more consistent method of funding relative to the income tax.
August 2, 2022
Accounting Firm Saved Clients More Than $1 Million in Taxes from 2019-2021
According to SideHustle.com, 45% of Americans (70 million people) report having a side hustle. Among millennials, that number rises to 50%, while 70% of Gen Zs reported looking for a side hustle.
August 2, 2022
Georgia Says Embryos are Dependents for Tax Purposes
The state of Georgia's taxation department has announced that taxpayers can claim fertilized embryos as dependents for tax purposes.
Accounting August 2, 2022
History Rewind: Behind the Bernie Madoff Scam
In 2009, Bernie Madoff pleaded guilty to a Ponzi scheme that cost investors an estimated total of $65 billion, the largest in U.S. history. Before that, he had been chairman of the NASDAQ stock ...
Taxes August 1, 2022
IRS Admits Mistakes Have Been Made with Some Balance Due Notices
Taxpayers who received a CP14 notice but already paid the tax they owed do not need to respond to the notice, IRS said.
August 1, 2022
Leveraging Value-Added Services For Higher Quality Engagements With Clients
Unearthing a client’s needs may not be as simple as asking them to employ your consulting services, but it won’t take intensive investigative work either.
Taxes August 1, 2022
Sioux City CPA Found Not Guilty of Filing False Tax Returns
“I’m looking forward to finally being able to move on with my life,” said David Schmit, partner at King, Reinsch, Prosser & Co.
July 31, 2022
Brooklyn Man Who Withheld Info from Tax Preparer Pleads Guilty to Tax Evasion
The man underreported to his return preparer the actual amount of income he received from the sale of his stock, which was worth $4.1 million.