Taxes

February 13, 2020 

On February 10, 2020,  President Trump unveiled his budget proposals for the 2021 fiscal year. Among other noteworthy items, including more resources being funneled to the IRS, the president is advocating an extension of individual tax provisions in the Tax Cuts and Jobs Act (TCJA) that are slated to be wiped off the books after...…

February 13, 2020 

Many businesses share the goal of increasing sales and expanding into new markets. But, now that most states tax sales by out-of-state sellers, such growth often brings new sales tax collection obligations.

Gail Cole

February 13, 2020 

Easy to use chart shows when you can get your 2020 IRS income tax refund. File early and you will get your refund earlier. IRS refund schedule.

February 12, 2020 

Hawaii, Illinois, Michigan, and Wisconsin now require marketplace facilitators to collect and remit tax on third-party sales – this was effective January 1, 2020.

Gail Cole

February 10, 2020 

More businesses are required to electronically file and remit Arizona transaction privilege tax (TPT) and Hawaii General Excise Tax (GET) in 2020 than in previous years. Arizona As of January 1, 2020, businesses with an annual TPT or use tax liability of $5,000 or more in Arizona must pay and file returns electronically. The threshold has dropped significantly:...…

Gail Cole

February 7, 2020 

SHOW ME THE MONEY!!! -- The IRS started accepting 2019 income tax returns on Monday, January 27, so when will you get your tax refund? It's not exact, but based on previous years and IRS policy, we can help you predict it in the chart below.

February 5, 2020 

President Donald Trump failed to mention small businesses in his State of the Union address to Congress on Tuesday — perhaps not surprising give ... the wealthy that explode

February 4, 2020 

Despite the stereotype of people hating doing their taxes, for millions of taxpayers, tax season means getting a refund. But there's no reason to get a refund loan or similar services, which often include steep fees, since most taxpayers can ...

February 3, 2020 

Many professional liability claims arise because the tax pro had insufficient time to properly review client information received and an otherwise avoidable error is made on the client’s tax return. To help reduce this risk, be proactive and contact ...

February 2, 2020 

This chart shows when you might receive your tax refund. In general, the IRS says e-filed returns are usually processed and refunds issued within 21 days,or less than two weeks for simpler tax returns.

January 31, 2020 

This chart shows an estimated date for when a taxpayer is likely to receive their refund, based on the information we have now, and using projections based on previous years. If your IRS income tax refund is delayed, ...

January 30, 2020 

Massachusetts Governor Charlie Baker’s 2021 budget proposal includes a plan to require businesses to remit sales tax more quickly. This is the third time he’s pushed for faster sales tax remittance since taking office in 2015. Will the third time be the charm? The latest plan applies to electronically remitted sales and use tax, local option...…