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
IRS Expands Business Tax Accounts to Include S Corporations and Partnerships
Individual partners of partnerships and individual shareholders of S corporation businesses are now eligible for a business tax account in addition to sole proprietors.
Bill Would Give Tax Credits for Rare Earth Magnets Made in the U.S.
The legislation would provide a $20 per kilogram production tax credit for rare earth magnets manufactured in the United States.
IRS Provides More Guidance on New Corporate AMT
The corporate AMT imposes a 15% minimum tax on the adjusted financial statement income of large corporations.
IRS Tax Demands Would Take Money From FTX Bankruptcy Victims
U.S. officials will take money away from FTX victims unless a judge rejects the government’s demand for $24 billion in unpaid taxes.
IRS Sets Mileage Rate at 67 Cents Per Mile for 2024
The optional standard mileage rate for business use of a vehicle will increase 1.5 cents from 2023, the IRS said on Thursday.
IRS Chief Lays Out Plans for New Leadership Structure
Expected to occur in early 2024, this is the first leadership reorganization at the tax agency in more than two decades.
Home Energy Credits Under the Inflation Reduction Act
This article covers two home energy tax credits for your individual clients to take advantage of by saving money on their tax returns and conserving energy to help out the environment.
5 Tax Season Tactics to Grow Client Advisory Services
Diversifying with tax-adjacent advisory services can add value to your existing clients, build recurring revenue streams and increase the likelihood of your tax clients returning next season.