Accounting Today

SEPTEMBER 29, 2023

The Internal Revenue Service is allowing tax practitioners to see their client's tax information, including balance due amounts, as well as withdraw from their active authorizations online in real time.

Tax 337

Tax Accounting Accounting 337

Accounting Today

DECEMBER 1, 2023

The guidelines, which were required as part of a deal to extend the $7,500 tax credit through Biden's signature climate law, set a 25% ownership threshold for a company or group to be classified as a foreign entity of concern.

Tax 274

Tax 274

Accounting Department

NOVEMBER 21, 2023

The landscape of tax legislation is constantly evolving, and clients are undoubtedly experiencing its impact. Even in the best of times, manufacturers face distinctive challenges when it comes to sales and use tax.

Tax 208

Tax Accounting Accounting 208

Accounting Today

AUGUST 30, 2023

Whitman Transition Advisors, an advisory organization for accounting firms, made a strategic investment of an undisclosed amount in Tax Titans, a veteran-owned company that operates an online marketplace connecting small businesses and qualified tax professionals.

Tax 305

Tax Accounting Accounting 305

Accounting Today

SEPTEMBER 28, 2023

Close to a thousand taxpayers who earn over $1 million a year failed to file tax returns over multiple recent years, potentially owing $34 billion in taxes, according to IRS data.

Tax 314

Tax 314

Accounting Today

SEPTEMBER 6, 2023

Corporate tax departments are going through major transformation in response to the challenging legal and regulatory environment, according to a new survey from Deloitte.

Tax 318

Tax Corporation Tax 318

Accounting Today

OCTOBER 17, 2023

The Internal Revenue Service plans to run a limited pilot test of its free online tax system in 13 states next tax season, but it will only support certain tax credits.

Tax 349

Tax 349

Xero

NOVEMBER 14, 2023

We’re excited to announce that we’ve launched a new tax manager feature in Xero HQ that will give you a real-time view of your tax obligations for company tax, company accounts, personal tax and VAT — all in one place. In the ‘Tax’ menu, select ‘Tax manager’. Ready to get started with tax manager?

XERO 204

XERO Tax Bookkeeping Invoicing 204

Accounting Today

OCTOBER 31, 2023

The Golden State is poised to fall well short of its budget forecasts as the recent stock market slump erodes the state's tax takings.

Tax 294

Tax Budgeting 294

Accounting Today

NOVEMBER 16, 2023

Shell of a way to work; RICO rip-off; fun with refunds; and other highlights of recent tax cases.

Tax 276

Tax 276

Accounting Today

NOVEMBER 9, 2023

The service announced its annual inflation adjustments, including increases in the standard deduction and changes in tax brackets.

Tax 322

Tax 322

Accounting Today

AUGUST 30, 2023

The Financial Accounting Standards Board voted to require companies to tell the public more about the taxes they pay, starting as early as 2025.

Tax 344

Tax Financial Accounting Accounting Accounting 344

Accounting Today

NOVEMBER 30, 2023

A dim bulb; morally bankrupt; 1st to jail; and other highlights of recent tax cases.

Tax 217

Tax 217

Accounting Today

OCTOBER 19, 2023

dries; and other highlights of recent tax cases. Twice as nice; fuelin' around; before the Inc.

Tax 305

Tax 305

Accounting Today

AUGUST 29, 2023

Accounting firms are less important than the partner leading the team in terms of the impact on the business's effective tax rate and the probability it will face an audit.

Tax 274

Tax Corporation Tax Auditing Accounting 274

Accounting Today

NOVEMBER 9, 2023

Wire happy; defense rests; re-model behavior; and other highlights of recent tax cases.

Tax 276

Tax 276

Accounting Today

OCTOBER 2, 2023

15 next year to file various federal tax returns and make tax payments. Affected individuals and businesses now have until Feb.

Tax 294

Tax 294

Accounting Today

OCTOBER 12, 2023

No temporary solution; cooking some books; French connection; and other highlights of recent tax cases.

Tax 275

Tax 275

Accounting Today

OCTOBER 31, 2023

The classification of marijuana as a Schedule I controlled substance has put cannabis businesses in a bind as far as federal taxes go, even as more states move to legalize the plant.

Tax 288

Tax 288

Accounting Today

OCTOBER 26, 2023

Meating their fate; write-off rip-off; a dent in his plans; and other highlights of recent tax cases.

Tax 282

Tax 282

Accounting Today

OCTOBER 12, 2023

The service updated its tax-gap projections for tax years 2020 and 2021, predicting a big jump from prior estimates.

Tax 282

Tax 282

Xero

DECEMBER 1, 2023

Following the Autumn Statement, you might be curious about the specific measures that impact Making Tax Digital (MTD). Especially since digital transformation is already underway, with Making Tax Digital for Income Tax on the horizon. Here’s a guide outlining what the announcement means for your practice and clients.

Tax 186

Tax Bookkeeping XERO Accounting 186

Xero

NOVEMBER 14, 2023

We’re excited to announce that we’ve launched a new tax manager feature in Xero HQ that will give you a real-time view of your tax obligations for company tax, company accounts, personal tax and VAT — all in one place. In the ‘Tax’ menu, select ‘Tax manager’. Ready to get started with tax manager?

XERO 190

XERO Tax Bookkeeping Invoicing 190

Accounting Today

OCTOBER 20, 2023

The Internal Revenue Service is making improvements to its online tax professional accounts and hiring more accountants as it ramps up enforcement.

Tax 357

Tax Accounting Accounting Auditing 357

Accounting Today

SEPTEMBER 5, 2023

As an auditing professional, it's vital that you detect any discrepancies in business tax reports and either try to rectify them or report them to the IRS.

Auditing 282

Auditing Tax 282

Accounting Today

OCTOBER 12, 2023

In a dramatic reversal, just weeks before the 92-year-old was due to stand trial, Bernie Ecclestone agreed to a £652 million tax settlement that covers an 18-year period.

Tax 286

Tax 286

Accounting Today

OCTOBER 4, 2023

The worst five states for tax preparer scams averaged more than 32 million reported scams in 2023.

Tax 314

Tax 314

Accounting Today

OCTOBER 5, 2023

Depend on nothing; love, law and the slammer; financial whizzes; and other highlights of recent tax cases.

Tax 275

Tax 275

Accounting Today

OCTOBER 17, 2023

will be unable to sign a treaty on global tax rules in time to uphold a deal that prevents other countries from imposing new levies on some of the largest American tech companies. Treasury Secretary Janet Yellen indicated the U.S.

Tax 281

Tax Corporation Tax 281

Accounting Today

OCTOBER 4, 2023

Neither the IRS nor Congress has specifically addressed the tax deductibility of ransomware payments made to hackers, nor has FASB.

Tax 318

Tax Accounting Accounting 318

Accounting Today

OCTOBER 2, 2023

Eleven states have created or expanded a fully refundable child tax credit following the expiration at the end of 2021 of the federal measure, which enabled families to get as much as $3,600 per child.

Tax 294

Tax 294

Accounting Today

AUGUST 21, 2023

The hosts of the "Tax Crime Junkies" podcast share some of their favorite tax crimes and how they created their podcast.

Tax 246

Tax 246

Accounting Today

JULY 21, 2023

The Internal Revenue Service is seeing a surge of tax scams this summer hitting taxpayers via email and text messages touting tax refunds and quick fixes to their tax problems.

Tax 246

Tax 246

Accounting Today

SEPTEMBER 29, 2023

The Internal Revenue Service issued guidance Friday saying a redemption of shares in a money market fund won't be treated as part of a wash sale, which would subject it to taxes.

Tax 276

Tax 276

Accounting Today

SEPTEMBER 28, 2023

No Relief; fakin' it; consider it reconciled; and other highlights of recent tax cases.

Tax 282

Tax Reconciling 282

Accounting Today

SEPTEMBER 20, 2023

Fraudsters are ever-inventive, and accountants and tax pros need to make sure their clients keep vigilant.

Tax 300

Tax Accounting Accounting 300

Accounting Today

AUGUST 30, 2023

The Internal Revenue Service issued guidance Wednesday on how taxpayers should report the special tax payments, refunds and rebates they received from states in recent years as a form of relief during the pandemic.

Tax 312

Tax 312