Taxes February 6, 2026
IRS Issues Proposed Rules on Clean Fuel Tax Credit
The Treasury Department and the IRS released proposed regulations Feb. 3 on the clean fuel production credit under the One Big Beautiful Bill Act.
Taxes November 13, 2024
Lower Taxes, Higher Tariffs: What Trump’s Tax Plans Mean For You
What does his tax proposals mean for you? Taxpayers should continue to monitor developments and prepare for tax law changes.
Taxes November 12, 2024
Dozens of States Will Not Tax Social Security in 2025
GoBankingRates.com released a new report that reveals there are 41 states that will not tax Social Security benefits next year.
Accounting December 3, 2024 Sponsored
Archived Webcast – Simplify Tax Compliance with Avalara
Navigating tax compliance is challenging for any firm. Join Avalara to learn how automating tax compliance with Avalara Managed Returns for Accountants can streamline your practice, regardless of your expertise level.
Small Business November 11, 2024
Imports Could See Surge Ahead of Trump Tariffs and a Potential Port Strike
Import volumes at the nation’s major container ports could be higher than previously expected for the remainder of this year as retailers face another potential East Coast/Gulf Coast port strike and tariff increases.
Taxes November 11, 2024
Federal Court Blocks Texas CPA and Financial Firm From Selling Certain Tax Plans
In the IRS’s most recent list, it specifically warned taxpayers “to beware of promoters peddling bogus tax schemes aimed at reducing taxes or avoiding them altogether.”
Taxes November 11, 2024
Some Financial Planning Steps to Take Now in This Economy
While economists might lack prescience with their forecasts, they still provide valuable insight into our money moves.
Taxes November 11, 2024
IRS Updates FSA Contribution Limits and Carryovers for 2025
An employee who chooses to participate in an FSA can contribute up to $3,300 through payroll deductions during the 2025 plan year. The maximum carryover amount to 2025 is $660.
Accounting Technology Lab Podcast November 9, 2024
Review of TaxGPT – The Accounting Technology Lab Podcast – Nov. 2024
Brian Tankersley, CPA, and Randy Johnston review TaxGPT, an AI-powered tax assistant for accountants & tax professionals. The tech and accounting professionals that developed the TaxGPT co-pilot system says it can boost productivity by 10x.
IRS November 7, 2024
IRS FY 2024 Financial Report Says Longtime Deficiency Resolved
The agency collected more than $5.1 trillion in tax revenue and more than $98 billion in enforcement revenue.
Accounting November 21, 2024 Sponsored
Archived Webcast – S Corporation vs. LLC: Similarities and Differences
While S Corporations and Limited Liability Companies (LLCs) are similar because they provide liability protection for business owners and allow for pass-through tax treatment, there are many differences as to how they are operated, complied with, and taxed.
Accounting November 6, 2024
Atlanta CPA Heading to Federal Prison For Tax Shelter Scheme
Herbert Lewis was sentenced in federal district court Nov. 1 to 28 months and ordered to pay almost $4.9 million in restitution.
Taxes November 6, 2024
How Trump Tariffs and Other Actions Might Reshape U.S. Economy
Trump also promised sweeping tax cuts during the campaign that culminated in his victory over Vice President Kamala Harris.