Taxes January 21, 2025
Trump to Impose 25% Tariffs on Mexico and Canada by Feb. 1
Both Canada and Mexico have said they’d retaliate against American goods if Trump slaps tariffs on them. The USMCA is up for review in 2026.
Small Business May 23, 2023
Hard Times for Colorado Weed Industry
Colorado’s cannabis entrepreneurs face a perfect storm of problems: too much supply, not enough demand, plunging prices, heightened competition in other states and ...
Accounting May 22, 2023
Nomination Period Open for 2023 Innovation Awards
Now in their 20th year, the Innovation Awards highlight technologies that are shaping the profession and small businesses through increased collaboration and productivity.
Taxes May 22, 2023
AICPA Submits Suggestions for the 2023-2024 Guidance Priority List
As the IRS plans to prioritize providing additional guidance as stated in the IRS Strategic Operating Plan, the AICPA encourages the IRS to issue guidance on recommended areas.
Accounting May 22, 2023
Audit Partners Pessimistic on U.S. Economic Outlook
The survey found that organizations are prioritizing cost management and financial performance over other areas like talent and labor.
Technology May 22, 2023
Facebook Parent Company Fined $1.3 Billion by E.U.
The ban on data transfers was widely expected and once prompted the U.S. firm to threaten a total withdrawal from the EU.
Taxes May 22, 2023
Modernizing Dated Systems: What the IRS Can Learn from the Latvian Government
What if the IRS was more digitized? Well, they’re trying to do just that.
Taxes May 19, 2023
Senators Introduce Bipartisan Tax Fix Legislation for Online Sellers
Sens. Sherrod Brown and Bill Cassidy want to raise from $600 to $10,000 the sales threshold that would trigger 1099-K forms.
Taxes May 19, 2023
IRS Is Developing Its Own Free Tax Preparation System
The agency said on Tuesday it is taking steps to test out an IRS-run e-filing system called “Direct File” starting next year.
Payroll May 18, 2023
Home-Buying Costs Could Rise 22% if U.S. Defaults on Debt
A debt default would almost certainly mean severe disruption for the economy, with the ripple effects taking their toll on the housing market.
Taxes May 18, 2023
Digital Automation Increasing in Tax Firms
Expect to see a bigger push for digital automation. This is not a new phenomenon — but rather one that will be recognized for the true advantage it brings.
Taxes May 18, 2023
IRS Bumps Up HSA Contribution Limits for 2024
The new inflation-adjusted amounts mean employees will be able to put more money in their HSAs next year than this year.
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Taxes May 18, 2023
Energy and Fuel Companies Prioritizing Tax Compliance
When it comes to managing excise tax compliance, many energy and fuel businesses are burning the midnight oil to keep up.