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.
July 31, 2022
How Should States Tax NFT Sales?
NFTs grew out of blockchain, a decentralized, “peer-to-peer network that sits on top of the internet.” Blockchain emerged in ...
July 29, 2022
Key Tax Provisions in the 2022 Inflation Reduction Act
It also includes significant tax changes, although a tougher international tax regime and a controversial “millionaire’s tax” are notably missing from the final version of the bill.
July 28, 2022
What Your Clients Need to Know about Nexus, Home Rule, and Sales Tax
Businesses required to collect and remit sales tax in multiple states have a hard row to hoe. Keeping track of changing sales tax rates, online sales tax requirements and ...
July 28, 2022
Senators Reach Deal on Bill Affecting Climate, Health Care, and Taxes
Plan affects healthcare and energy costs, imposes a minimum corporate tax, cuts down carbon emissions, and allows Medicare to negotiate drug prices.
Taxes July 28, 2022
Manchin Backs $369 Billion Energy Plan, Rejects SALT Expansion
Senate Democrat also said he supports increasing IRS enforcement and ending the carried interest tax break.
Firm Management July 27, 2022
What CPA Firms Need to Know about Outsourcing
To help lighten the load and setup for success, many firms have turned to outsourcing. Essentially, outsourcing is when a business hires a third party to provide services or complete certain tasks for the business.
July 26, 2022
Preparing for the Unexpected with IRS Audits
What used to be a longshot of being chosen, now has business leaders working to be audit ready at any time.
July 24, 2022
State Rules for Voluntary Disclosure Agreements Vary Widely
While almost all states offer a Voluntary Disclosure Agreement (VDA) program, issues that qualify for inclusion in these programs vary widely, according to Bloomberg Tax & Accounting’s 22nd annual Survey of State Tax Departments.
July 22, 2022
Senate Considers Reviving R&D Tax Deduction
As of this year, companies must deduct their domestic R&D expenses over five years instead of all upfront, making the tax break less lucrative.
Sales Tax July 21, 2022
Europe Starts Mandating E-Invoicing to Maintain Transaction Tax Compliance
Ecommerce has enabled millions of small and midsize businesses to tap into the global market. This presents enormous opportunities. It can also create a world of tax requirements.
Sales Tax July 21, 2022
Report Says Sales Tax Holidays will Cost States $1 Billion in Revenue in 2022
Lawmakers are increasingly turning to sales tax holidays with unprecedented scope and duration. For example, Florida added five tax-free holidays, ranging from tools for ...
July 21, 2022
Corporate Tax Departments at Risk of Falling Behind in Technology Capabilities
Fewer companies this year rated themselves as either “optimized” or “predictive,” the highest stages of development with fully integrated, enterprise-wide automation ...