Taxes August 4, 2023
Home Energy Audits Are a Key Part of Qualifying for New Tax Credit, IRS Says
The IRS informed taxpayers on the home energy audit requirements in order to claim the energy efficient home improvement tax credit.
Taxes August 3, 2023
The Tax Blotter – August 3, 2023
Under current law, net operating losses (NOLs) can no longer be carried back for two years, but they may be carried forward indefinitely.
Taxes August 3, 2023
AICPA Pushes for Tougher Action on ERC Cheats
Among the warning signs businesses should be wary of are vendors that require large, upfront contingency fees and those who fail to sign the amended payroll tax returns.
Taxes July 28, 2023
The Tax Payoff for Life Insurance
Although Congress has chipped away at many traditional tax shelters in recent years, the main benefits of life insurance remain intact.
Sales Tax July 28, 2023
Answers to Retail Business Questions About Sales Taxes
Having a physical presence in a state is a surefire way to create nexus, but you can also have nexus in states where you don’t have a physical presence.
Sales Tax July 28, 2023
Maryland Digital Ad Tax Case Leaves States in Limbo, But Digital Taxes Aren’t Going Away
Businesses should be aware that as states become more fiscally creative, there will be more tax complexities and a bigger burden as the patchwork of regulations across the country get sorted out...
Taxes July 27, 2023
AICPA Makes Recommendations on Improving IRS Appeals
The AICPA believes that it is important that all taxpayers have convenient accessibility to an Appeals conference if they choose to do so.
July 27, 2023 Sponsored
Advisory in Your Firm: Price, Process, and Getting Started
Advisory is a year-round process; as you get ready for tax year 2023, now is a great time to update tax planning with higher-value tax advisory services.
Taxes July 27, 2023
Five Auburn Alumni Receive Award for Work to Advance Tax Prep Software
SmartWiz has used artificial intelligence (AI) and modern integrations to create the first-ever all-in-one tax software for tax professionals serving underserved communities.
Firm Management July 26, 2023
Decoding the Deadline Dilemma
By mastering routine tasks and rising above the daily grind, we not only transform our relationship with deadlines, but we also illuminate our strategic value, transcending from our basic duties to becoming vital advisors.
Small Business July 26, 2023
Online Travel Agencies Face a Virtual World of Tax Obligations
In the United States alone, there are thousands of locally administered accommodations taxes. According to the State Tax Research Institute, “state and local accommodations taxes exhibit even greater diversity.”
Accounting July 24, 2023
Watchdog Agency Wants More Regulations on Use of AI in Lending
The CFPB has already taken steps to stamp out abuses. The agency last month proposed a rule for home appraisals computed by algorithms.