Taxes
No Change in IRS Interest Rates for Q3 2023
Beginning on July 1, the rate for overpayments and underpayments for individuals will be 7% per year, compounded daily.
New Jersey Considers Tax Cuts for Seniors and Businesses
New Jersey is home to the nation’s highest property taxes, with the average bill hitting a record $9,490 in 2022.
Nomination Period Open for 2023 Innovation Awards
Now in their 20th year, the Innovation Awards highlight technologies that are shaping the profession and small businesses through increased collaboration and productivity.
AICPA Submits Suggestions for the 2023-2024 Guidance Priority List
As the IRS plans to prioritize providing additional guidance as stated in the IRS Strategic Operating Plan, the AICPA encourages the IRS to issue guidance on recommended areas.
Supreme Court Says the IRS Can Secretly Obtain Your Bank Records
Under an existing statute, the IRS can secretly probe your bank records and potentially those of your relatives without notice.
Audit Partners Pessimistic on U.S. Economic Outlook
The survey found that organizations are prioritizing cost management and financial performance over other areas like talent and labor.
Facebook Parent Company Fined $1.3 Billion by E.U.
The ban on data transfers was widely expected and once prompted the U.S. firm to threaten a total withdrawal from the EU.
Modernizing Dated Systems: What the IRS Can Learn from the Latvian Government
What if the IRS was more digitized? Well, they’re trying to do just that.