Accounting June 28, 2025
Nominations Open for 2025 Innovation Awards
The Innovation Awards highlight technologies that are shaping the profession and small businesses through increased collaboration and productivity.
AICPA February 25, 2025
AICPA Asks for Updated Language in Draft Publication 547 to Help Taxpayers Eligible for Disaster Tax Relief
The AICPA cites the need for these updates to ease the confusion created by disaster relief due to the multiple deadlines for various actions necessary to be eligible for the qualified disaster loss.
Taxes February 25, 2025
Tax Court Rejects Self-Employment Claim by Freelance Movie Critic
Generally, self-employed individuals are required to pay annual self-employment tax, the equivalent of FICA tax for employees, on most business earnings.
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Taxes February 25, 2025
Nevada Woman Pleads Guilty to $98 Million Covid-19 Employment Tax Fraud
In total, these claims sought refunds of over $98 million, of which the IRS paid approximately $33 million. McCoy personally received over $1.3 million in fraudulent refunds and was...
Payroll February 25, 2025
“Tooth Fairy” Poll Shows Drop in Value
The average value of a single lost tooth during the past year declined by 14%. This marks one of the most significant year-over-year declines in Tooth Fairy giving since the poll's inception.
Small Business February 25, 2025
Consumer Confidence Dropped Sharply in February
February's fall in confidence was shared across all age groups but was deepest for consumers between 35 and 55 years old. The decline was also broad-based among income group.
Small Business February 25, 2025
Americans Don’t Trust Self-Driving Cars Says AAA Survey
A national survey by AAA released Tuesday found that six in 10 drivers report being afraid to ride in a self-driving car, and interest in the technology is down to 13% compared to 18% in 2022.
February 25, 2025
Survey Shows Adults Who Learned Financial Literacy as a Kid are More Likely to Get Raises
People who grew up with a strong financial education were more likely than others to successfully negotiate their pay later in life once they started their careers.
February 25, 2025
Hooters Restaurants May Be Headed for Bankruptcy
Hooters is reportedly working on a bankruptcy plan that would allow the restaurant chain to restructure and manage debt.
Accounting February 25, 2025
Federal Trade Commission Chair Pledges to Keep Aggressive Merger Enforcement
President Donald Trump’s Federal Trade Commission will “vigorously” sue to block illegal mergers, the agency’s new chairman said Monday, highlighting support for the repeated deal challenges during the Biden era.
Small Business February 25, 2025
Trump Says Tariffs on Canada and Mexico Will Go Forward March 4
“The tariffs are going forward on time, on schedule,” Trump responded. The Commerce Department is currently calculating the rate it will impose on other countries, promising to incorporate both tariffs and other barriers on U.S. imports.
Taxes February 24, 2025
1099-K Tax Rules: What You Need to Know if You Get Paid Via Venmo, Cash App, or PayPal
If you get paid through Venmo, PayPal, Cash App or another payment app, you may receive an IRS Form 1099-K this year. Here's what you need to know.
Small Business February 24, 2025
$146,000 in Fake U.S. Postage Stamps Seized in Alabama
A total of 200,000 postage stamps worth $146,000 from Hong Kong were seized after an inspection determined the stamps were fake, according to a Feb. 21 CBP news release.