Taxes
Latest News
60% of CFOs Say Their Organizations are Ready to Implement and Work With AI, but Only 35% are Using AI in Finance
A Scalable Talent Model Can Be Much More Than a Safety Net for CPA Firms in Need of Skilled Talent
Labor Challenges Persist Among Mostly Confident Business Owners, According to CBIZ Index
How PTO Policies Can Attract Top Talent
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Small Tax-Exempt Groups Reminded to File Form 990-N
Reminder for small tax-exempt organizations to file IRS Form 990-N annually to stay in compliance.
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Is An MBA Degree Tax Deductible? It Depends
Suppose one of your clients has his or her sights set on obtaining an MBA or another advanced degree. Usually, it takes significant time and effort to achieve this goal, especially if the degree candidate is currently working on a full-time or part-time basis. But earning the degree could be well worth the “blood, sweat and tears” from a monetary standpoint.
Summertime Tax Tip #1: Mix In A Little Pleasure on Business Trips
Due to recent advances in technology, you can now talk face to face with someone halfway across the country without even budging from your desk. Yet it’s still important at times for business people to “press the flesh” or meet in person with an associate to conduct meetings or consummate a deal. At least, a business traveler may be entitled to generous tax deductions for his or her expenses.
AICPA Opposes Legislation That Would Limit Cash Accounting Methods
In a letter to House Ways and Means Committee Chairman Dave Camp, the American Institute of CPAs (AICPA) has voiced strong opposition to draft legislation that would limit the use of the cash method of accounting for pass-through entities and personal service corporations.
Xero Partners with H&R Block for Small Business Accounting
Online accounting software maker Xero has partnered with H&R Block, Inc. to offer the Xero system as the core small business online accounting platform in H&R Block's Small Business Program suite of services.
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Avalara Acquires Zytax Energy Tax Solutions
The online sales and use tax automation provider Avalara, Inc., has acquired the entire line of Zytax energy-related tax automation solutions for U.S. and international jurisdictions. Incorporating Zytax’s products now provides retail fuel and energy companies with a single source for all their transactional tax processing needs. Avalara acquired the Zytax offering from FuelQuest, a provider of on-demand software and services for global downstream energy companies.
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Proposed Illinois Soda Tax Losing Its Fizz
Two bills introduced in February call to impose a 1-cent-per-ounce excise tax on sugar-sweetened beverages. For a 12-ounce can of soda, the tax would add 12 more cents. The price of a twelve-pack would increase by $1.44 and another $2.88 would be added to the cost of a 24-pack.
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Survey: Only Half of Businesses are Prepared for Healthcare Law
A new survey shows that, four years after being signed into law, about half of businesses understand and are prepared for the implications of the Affordable Care Act, also known as ObamaCare.