Taxes
Latest News
IRS to Host Virtual Focus Groups on the Business Tax Account Online Tool
GASB Proposes Guidance on Subsequent Events
FASB Issues Post-Implementation Review Report for Its Revenue Recognition Standard
Newsom: California Will Offer EV Rebates if Trump Cuts Federal Tax Credit
What Cannabusinesses Need to Know About the Potential Schedule III Drug Classification
The reclassification of cannabis will allow cannabis businesses to benefit from these tax credits and initiatives for programs or systems that many are already implementing.
2024 IRS Tax Brackets, Standard Deductions
While the actual percentages will remain the same, the income levels of each bracket change annually to adjust to inflation.
IRS Advisory Council Issues Report with Recommendations on Agency Changes
The 2023 Public Report includes recommendations on 23 issues covering a broad range of topics including: Sec. 302, EINs, 1099-K reporting, Employee Plans, Modernizing Forms.
Intuit Adds Features to ProTax Group of Products
The Tax Year 2023 product updates offer enhanced reporting capabilities, strategies, and streamlined workflows.
Thomson Reuters Announces Enhancements to SurePrep, Checkpoint
This enhancement will make it easy for taxpayers to upload multiple documents which will all be auto categorized and prepped for review by the tax professional via AI and ML (machine learning) technology.
Yellen Sets Goals for 2024 Filing Season, Calls Out House GOP for ‘Playing Politics with IRS Funding’
Treasury secretary says cutting IRS funding to pay for Republicans’ $14.3 billion Israel aid bill would be “damaging and irresponsible.”
Black Ore Launches with $60 Million in Funding to Bring AI to Accounting Firms
Black Ore also announced its flagship product, Tax Autopilot, which combines AI technology with federal and state tax codes and regulations to simplify tax preparation.
Corvee Announces SOC 2 Compliance for Its Instead Product
Instead and Instead Pro leverage the power of AI to offer businesses and accountants the unprecedented ability to easily manage and optimize R&D tax credits.