Taxes
How Should States Tax NFT Sales?
NFTs grew out of blockchain, a decentralized, “peer-to-peer network that sits on top of the internet.” Blockchain emerged in ...
Key Tax Provisions in the 2022 Inflation Reduction Act
It also includes significant tax changes, although a tougher international tax regime and a controversial “millionaire’s tax” are notably missing from the final version of the bill.
Senators Reach Deal on Bill Affecting Climate, Health Care, and Taxes
Plan affects healthcare and energy costs, imposes a minimum corporate tax, cuts down carbon emissions, and allows Medicare to negotiate drug prices.
Manchin Backs $369 Billion Energy Plan, Rejects SALT Expansion
Senate Democrat also said he supports increasing IRS enforcement and ending the carried interest tax break.
What CPA Firms Need to Know about Outsourcing
To help lighten the load and setup for success, many firms have turned to outsourcing. Essentially, outsourcing is when a business hires a third party to provide services or complete certain tasks for the business.
Preparing for the Unexpected with IRS Audits
What used to be a longshot of being chosen, now has business leaders working to be audit ready at any time.
State Rules for Voluntary Disclosure Agreements Vary Widely
While almost all states offer a Voluntary Disclosure Agreement (VDA) program, issues that qualify for inclusion in these programs vary widely, according to Bloomberg Tax & Accounting’s 22nd annual Survey of State Tax Departments.
Senate Considers Reviving R&D Tax Deduction
As of this year, companies must deduct their domestic R&D expenses over five years instead of all upfront, making the tax break less lucrative.