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
New York CPAs Elect Liren Wei as President of State Society
Wei joined the NYSSCPA in 1994 and is a member of the Queens/Brooklyn Chapter, where he served as president, president-elect, and currently sits on the Executive Board.
How Accounting Pros Can Leverage Technology to Overcome the Biggest Struggles
Firms need to consider technology as an opportunity – not a challenge - to help drive efficiency and overcome their top five talent-related challenges.
Supreme Court Strikes Down Student Loan Forgiveness Plan
About 26 million borrowers applied for relief. If put into effect, the program is projected to cost more than $400 billion.
U.S. Employers Expect 4% Payroll Increases in 2024
Though down from the actual increase of 4.4% in 2023, the numbers remain higher than the 3.1% salary increase budget in 2021 and years prior.
AICPA Recommends Changes to IRS Form 706-GS (D-1)
Form 706-GS(D-1) is used by trustees to report certain distributions from a trust that are subject to the generation-skipping transfer tax (GSTT).
Fast Track Compliance with the IRS Pub 4557 and the FTC Safeguards Rule – a No-nonsense Guide for Firm Owners
By now, most tax preparers are aware they need to comply with the FTC Safeguards Rule and IRS Publication 4557. Failure to do so could result in stiff penalties.
AICPA Voices Support for Tax Deadline Simplification Act
The AICPA supports altering the due dates for estimated tax payments, stressing that it would be better to more closely tie payment due dates to the normal quarter date, which is traditionally 15 days after the quarter end.
How to Prepare For and What to Do Following the Death of a Tax Practitioner
The IRS offers tips to protect the practitioner’s clients, firm, and family, and to ensure compliance with legal requirements.