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.
June 29, 2021
Businesses Expect Rapid Increase in Corporate Travel
A little more than a third of U.S. business executives (34 percent) say they expect their companies’ travel spending to return to pre-pandemic levels by the end of 2021, if they haven’t reached those levels already, according to an American Institute ...
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June 29, 2021
IRS “Dirty Dozen” List for 2021 Includes Pandemic Scams
This year’s “Dirty Dozen” will be separated into four separate categories: pandemic-related scams like Economic Impact Payment theft; personal information cons including phishing, ransomware and phone ‘vishing’; ruses focusing on unsuspecting victims ...
June 24, 2021
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 ...
June 24, 2021
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.
June 22, 2021
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 ...
June 22, 2021
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 ...
June 18, 2021
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 ...
June 18, 2021
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 ...
June 15, 2021
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 ...
June 11, 2021
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.
June 9, 2021
Client Experience for Today – Personal Tax Advisory
The technology tools available to assist in this area led me to prepare my first estate plan. When I ran my first personal financial planning models and estate plans in the Kettley Publishing and Back Room Technician, now Advisys solutions with over ...
June 8, 2021
Estimated Income Tax Payments Due by June 15
The Internal Revenue Service reminds taxpayers who pay estimated taxes that they have until June 15 to pay their estimated tax payment for the second quarter of tax year 2021 without penalty.