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
UltraTax and AdvanceFlow Integration Gives Firms Cloud Tax & Audit Options
ax and accounting software developer Thomson Reuters has announced new integration between its UltraTax CS tax prep software and its AdvanceFlow cloud-based engagement management software.
8 Common 1031 Property Exchange Mistakes
A 1031 exchange is a swap of one business or investment asset for another without tax. Right? Sure, but there are very specific rules and conditions and if, like many investors, you make one of these common mistakes, you could be paying a significant penalty.
Don’t Miss These Six State Income Tax Items
State income taxes are often overlooked by the general public, but professional tax return preparers should not make the same mistake. Nevertheless, it is easy to miss tax benefits or liabilities associated with state income taxes, especially as they relate to federal Form 1040.
The Biggest Tax Mistakes for Small Businesses
There are strategies that these business owners can take to help alleviate many of these tax time woes, and a big one is by staying in more frequent contact with their accountant. That's according to a new nationwide survey of accounting professionals.
‘Jeans Day’ Helps Accounting Firm Give Back to Community
After the Japan earthquake three years ago, the Santa Monica, Calif., accounting firm Gumbiner Savett decided to help raise funds to support the victims of that disaster, as well as some of the firm’s affiliates and former staff in the country.
New House Bill Links “Doc Fix” to Obamacare Delay
New legislation passed by the House tying the “doc fix” to Obamacare is expected to meet its demise on the Senate floor. Thus, a once-promising solution to a long-term problem is likely to turn into another victim of bipartisan politics.
How to Tell Clients Their Last Tax Pro Made Mistakes
This topic has been coming up a lot in the past week or so. And it’s a bit disconcerting to tax professionals who invest time with new clients like this.
New Jersey Lawyer Sentenced to 6 Months for Tax Evasion
U.S. District Judge Freda L. Wolfson imposed the prison term on Gottesman and also ordered that he be placed on supervised release for three years when he gets out of prison and that he pay $27,385 owed to the IRS. That amount represents taxes Gottesman owes from 2006 to the present, according to Fishman.