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 Supports Effort in Congress to Enhance Financial Transparency Act
The nation's largest association of accounting professionals, the American Institute of Certified Public Accountants (AICPA), is commending Congress for recent efforts to strengthen the pending Federal Financial Statement Transparency Act.
Payment System BlueSnap Partners with Avalara for Sales Tax, VAT
Global payment gateway BlueSnap today announced an integration with Avalara, a leading provider of cloud-based software that delivers a broad array of compliance solutions related to sales tax, VAT and other transactional taxes.
Summertime Tax Tip #5: Hot Dog! Get a Tax Break for Having a Company Picnic
Summer is the time for grilling burgers and hot dogs, escaping to the beach or woods or just relaxing and enjoying the warm weather. Of course, there’s nothing to prevent you from mixing in a little business with the pleasure. If your clients handle things the right way, and keep detailed records, they can write off a portion of their business entertainment expenses.
IRS Gives Up On Tax Preparer Licensing, RTRP Lawsuit
For many years, states and local governments have been trying to rein in unlicensed income tax preparers, and the Internal Revenue Service joined a few years ago with the idea of a national testing and regulatory system that the agency would oversee. So, it created one.
Summertime Tax Tip #4: Harvest a Bumper Crop of Tax Breaks
For many farmers, harvest time comes at the end of the summer. The same thing is true for your clients who are active traders in the stock market. But you must caution them that the tax landscape has changed in recent years.
Florida Creates Sales Tax Holiday for Hurricane Supplies
Florida Governor Rick Scott has signed a state law that establishes a sales tax holiday for purchases of a hurricane supplies such as batteries, tarps and portable generators.
IRS Still Improperly Handling EITC Payments
The Earned Income Tax Credit (EITC) is one of the most widely-used credits by U.S. taxpayers, it's also often mis-used and even thought the Internal Revenue Service has been scolded for its poor management of the EITC, the agency is still lacking.
Summertime Tax Tip #3: Tax Credits for Summer Camp
Are your clients making plans to send their kids off to camp this summer? Depending on the arrangements, they may be entitled to claim a healthy tax credit – the dependent care credit (also known as the “child care credit” ) – for the daily expenses. However, there are no tax benefits available for overnight camps or other personal expenses.