Taxes
Latest News
Report Says Undocumented Immigrants in U.S. Pay Nearly $100 Billion in Taxes
Emburse and Finexio Partner for B2B Payments
How Generative AI Will Disrupt Accounting
Mid-Market Optimism Hits Pre-Covid Record Highs
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Venti Please – Concur Adds Starbucks e-Receipt System
Transaction data from over 27 million Concur users shows Starbucks is the most commonly expensed restaurant and the top location for out-of-office business meetings.
AICPA Wants Additional Guidance from IRS on Deferral of Stock Advance Payments
In a February 13 comment letter from the American Institute of CPAs (AICPA) to the Internal Revenue Service (IRS), the organization addresses two interpretive issues related to the treatment of advance payments deferred under Rev. Proc. 2004-34 ...
The Best Tax Return is One Prepared by a Professional, Not a Seasonal Worker
It’s that time of year for part-time help at the local tax-preparation location, when drivers can see seasonal staff standing at busy intersections wearing costumes of the Statue of Liberty or Uncle Sam. But they’re not the only ones who are hired part ti
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State & Local Tax Highlights from Around the Country – Feb. 2015
State and local taxes are constantly changing. As the most trusted financial and business advisor to your clients, it's your job to keep up with them. At CPA Practice Advisor, we're here to help you - so here's a roundup of some of the latest changes.
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IRS Changes Procedures on Tangible Property Regulations, Simplifies Process for Small Businesses
The Internal Revenue Service has changed some procedures that it says will make it easier for small business owners to comply with the final tangible property regulations.
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Puerto Rico Is Turning Into a Tax Haven for Americans and Businesses
If you move to Puerto Rico, you can retain your U.S. citizenship while saving taxes, not an option in some other so-called tax havens. Although the tropical island is just a little more than 1,000 miles from Florida, it might as well be halfway around ...
TurboTax Update: FBI Investigating Fake Income Tax Returns
It appears that it’s too soon to close the books on the recent spate of fraudulent tax refunds filed through TurboTax, the country’s leading provider of tax preparation software. According to the Wall Street Journal, the Washington Post and various oth
Where’s My Tax Refund? App and Website Make It Easy to Find Out
Two of the most asked questions by Americans this time of year are either, "How Much Do I Owe?," or "Where's My Income Tax Refund?"