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 December 12, 2024
IRS Expands Business Tax Account Tool to Include C Corps
The latest expansion of the IRS business tax account makes this online self-service tool available to C corporations, the tax agency said on Dec. 12. In addition, designated officials can now access business tax account on behalf of their S corporation or C corporation.
Small Business December 12, 2024
Every Season is Tax Season for Small Businesses. Better Financial Tools Can Reduce the Burden
According to SCORE, 82% of small businesses fail due to issues managing cash flow. If money has not been set aside for taxes, an unexpected rise in expenses can cause their business to fail. As a result, personal savings can be wiped out, and those with small business loans can go into debt.
Taxes December 12, 2024
What Will Happen to Social Security Under Trump’s Tax Plan?
Trump's plan to eliminate taxes on Social Security benefits would help current beneficiaries, but future recipients may be hurt by the move.
Accounting December 12, 2024 Sponsored
Archived Webcast – Transforming Sales Tax Compliance to Fuel Business Growth
Sales tax compliance can be a major challenge, especially for small businesses with limited resources. Join this webinar and discover how automation solutions can help accounting firms and businesses streamline compliance, eliminate manual processes, and expand client offerings.
State and Local Taxes December 10, 2024
Avalara Recognized as a Leader in Three IDC MarketScape Reports on Worldwide Tax Automation
Avalara has been named a Leader in three IDC MarketScape reports covering tax automation solutions for SMB, Enterprise, and VAT.
Taxes December 10, 2024
IRS: $53 Million in TCE and VITA Grants Awarded for 2025
The agency awarded grants to 41 Tax Counseling for the Elderly and 315 Volunteer Income Tax Assistance applicants.
Taxes December 7, 2024
Corvee to Launch Professional Tax Prep System Under Its ‘Instead’ Brand
Corvee, the makers of one of the most advanced tax planning and strategy platforms in the U.S., has announced it will soon launch a new professional tax preparation system.
Taxes December 6, 2024
IRS-CI Releases Its FY 2024 Highlight Reel
IRS-CI initiated more than 2,667 criminal investigations, obtained 1,571 convictions, and reclaimed its 90% conviction rate in FY24.
Sales Tax December 6, 2024
Sovos Handled Taxes on Nearly 300 Million Transactions During Black Friday and Cyber Monday
Sovos achieved record-breaking performance during this year’s Black Friday and Cyber Monday shopping events.
Financial Reporting December 5, 2024
Federal Court Blocks Enforcement of Corporate Transparency Act and BOI
A new federal law that would require most LLCs, corporations and partnerships to file disclosures with the Treasury Department, including Beneficial Ownership Information, has been halted by a Texas federal judge.
Taxes December 5, 2024
Trump Names Former Congressman Billy Long to be IRS Commissioner
The current IRS commissioner, Danny Werfel, has said that he intends to fulfill his term, which is slated to end on Nov. 12, 2027.
Taxes December 4, 2024
Opinion: Donald Trump Promised to Raise Taxes, But Biden and Congress Could Tie His Hands
The Biden administration and the current Congress should consider scaling back Trump's power to unilaterally enact tariffs.