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.
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...
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.
Taxes February 24, 2025
Average Tax Refund is Down 32%, IRS Data Shows
A quick glance at the latest 2025 tax refund numbers may be cause for concern for those who haven’t filed yet, but the IRS says there’s a good reason why certain numbers are down.
Taxes February 21, 2025
The IRS Can Reduce Your Tax Refund if You Owe Certain Debts
A program authorized through the Department of Treasury’s Bureau of the Fiscal Service allows for the reduction of your refund to pay down specific debts.
Taxes February 21, 2025
2025 IRS Tax Refund Schedule: IRS Layoffs Could Cause Delays in Refunds
This article includes an easy reference chart that taxpayers can use to estimate how soon they may get their income tax refund.
IRS February 20, 2025
IRS Workers in Syracuse Abruptly Fired: ‘There’s a Lot of Crying, and It’s Not Good’
The IRS abruptly fired up to 10 employees in its Syracuse, NY office Thursday, part of a group of almost 7,000 agency workers let go by the Trump administration during tax season.
IRS February 20, 2025
Trump Administration Fires 6,700 IRS Employees During Tax Season
The purge largely targeted newer “probationary” employees who have fewer protections than long-term workers.
IRS February 20, 2025
IRS Plans to Cut Thousands of Employees by Mail
A technical glitch prevented officials from notifying thousands of IRS employees via email that they were being terminated. The agency had to resort to paper.
Taxes February 20, 2025
DOGE Claims It’s Saved $55 Billion, But Data Shows Far Less
The federal cost-cutting effort dubbed the Department of Government Efficiency says it has saved $55 billion in federal spending so far, but its website only accounts for $16.6 billion of that.
Taxes February 20, 2025
Tips for Filing Income Tax Returns in 2025
To avoid mistakes and potential processing delays, taxpayers should refrain from filing until they have received all necessary tax documents. Taxpayers should always carefully review documents for inaccuracies or missing information.