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
Demand for Larger New Homes Increases
Today's new home buyers want larger dwellings with plenty of options, according to a panel of Maryland builders.
Report Shows Odds of Facing an IRS Audit for Individuals, Businesses
Although the actual risk is very low that most Americans will face an IRS audit of their taxes, the fear of that potential is a strong factor that keeps most taxpayers on the level, according to a new report from WalletHub, a financial management and information website for consumers.
Small Tax-Exempt Groups Reminded to File Form 990-N
Reminder for small tax-exempt organizations to file IRS Form 990-N annually to stay in compliance.
Is An MBA Degree Tax Deductible? It Depends
Suppose one of your clients has his or her sights set on obtaining an MBA or another advanced degree. Usually, it takes significant time and effort to achieve this goal, especially if the degree candidate is currently working on a full-time or part-time basis. But earning the degree could be well worth the “blood, sweat and tears” from a monetary standpoint.
Summertime Tax Tip #1: Mix In A Little Pleasure on Business Trips
Due to recent advances in technology, you can now talk face to face with someone halfway across the country without even budging from your desk. Yet it’s still important at times for business people to “press the flesh” or meet in person with an associate to conduct meetings or consummate a deal. At least, a business traveler may be entitled to generous tax deductions for his or her expenses.
AICPA Opposes Legislation That Would Limit Cash Accounting Methods
In a letter to House Ways and Means Committee Chairman Dave Camp, the American Institute of CPAs (AICPA) has voiced strong opposition to draft legislation that would limit the use of the cash method of accounting for pass-through entities and personal service corporations.
Xero Partners with H&R Block for Small Business Accounting
Online accounting software maker Xero has partnered with H&R Block, Inc. to offer the Xero system as the core small business online accounting platform in H&R Block's Small Business Program suite of services.
Avalara Acquires Zytax Energy Tax Solutions
The online sales and use tax automation provider Avalara, Inc., has acquired the entire line of Zytax energy-related tax automation solutions for U.S. and international jurisdictions. Incorporating Zytax’s products now provides retail fuel and energy companies with a single source for all their transactional tax processing needs. Avalara acquired the Zytax offering from FuelQuest, a provider of on-demand software and services for global downstream energy companies.