Taxes
From Transactional to Transformational: How to Activate Your Advisory Services
Here are three tips to help you understand, adopt, and grow your advisory services, and change your client relationships from transactional to transformational.
Deferred Payroll Taxes Are Coming Due Soon
Businesses have until December 31, 2022, to meet their obligations for federal payroll taxes deferred from as far back as 2020. If a business fails to comply, it may be hit with a hefty tax penalty.
IRS Warns of Huge Increase in Scam Texts
So far in 2022, the IRS has identified and reported thousands of fraudulent domains tied to multiple MMS/SMS/text scams (known as smishing) targeting taxpayers.
Hurricane Ian Victims Granted Tax Extensions
Hurricane Ian victims throughout Florida now have until February 15, 2023, to file various federal individual and business tax returns and make tax payments.
IRS Increases Per Diem Rates
For lower-cost locations of business travel, the daily per diem rate will be $204. The high rate will be $297.
The IRS Botched Lots of Child Tax Credit Payments, Audit Finds
Millions of ineligible people received payments, while millions of eligible taxpayers did not get their money.
Who Actually Qualifies for the Employee Retention Credit?
Even companies that have claimed the ERC may want to review their documentation of qualification for the credit.
AICPA Supports Request for IRS Deadline Extension for Penalty Relief
In late August, the IRS announced it would offer automatic penalty relief to certain taxpayers for taxable years 2019 and 2020.