Taxes
Latest News
Zone & Co Launches ZoneBilling AI Assistant
IRS Extends Tax Deadlines Until May For Helene Victims
Avantax Acquires SEP Financial Services
Sovos Launches Indirect Tax Suite for SAP, Enhances Clean Core Readiness
AICPA News – Sept 1, 2022
AICPA News is a round-up of recent announcements from the American Institute of CPAs and the Association of International CPAs.
Irish Pub Chain’s Ex-CFO Falsified Documents to Avoid Paying $1M in Sales Tax in Eight States
Former Claddagh Irish Pubs finance chief Ciaran Dillon was charged with two counts of wire fraud.
North Carolina Will Tax Student Loan Forgiveness
Under North Carolina tax law, the canceled loans are considered taxable income at the state level.
Unlike Mississippi, Maine Will Not Tax Forgiven Student Loans
Maine added forgiven loan debt to federal tax code changes it adopted in recent round of tax conformity.
Forgiven Student Loans Won’t be Taxed as Income by Pennsylvania, Governor Says
Bloomberg reported earlier this week that Pennsylvania was among 13 states that treat forgiven debts as income.
Inflation Nation: U.S. Business Executives Project Zero Profit Growth for Coming Year
Revenue projections also fell, quarter over quarter, from an expected 3.4% growth rate over the next 12 months to 2.6%.
The Comedy Store Sues Moss Adams Over Missed $8.5 Million in COVID Relief Funds
The suit claims the accounting firm misrepresented its expertise about the federal COVID-related relief program.
Mississippi Will Tax Forgiven Student Debt in a Departure From Other States
The canceled debt will be subject to income taxes, the state’s Department of Revenue confirmed.