Recent Articles
Conflicts of Interest: How to Handle Them Correctly
The AICPA is providing updated guidance for CPAs working in both public and private businesses in its code on potential conflicts of interest. Any profession is susceptible to conflicts of interest, and CPA firms are not an exception. Although the...
Per diem rates are raised by the IRS.
The daily per diem rate for business travel to less expensive locations is $204 per day. $297 will be the highest rate. The per diem rates will rise as of October 1, 2021, according to the Internal Revenue Service. The...
The IRS messed up a lot of child tax credit payments, according to an audit.
Millions of taxpayers who were eligible for payments did not receive them, while millions of ineligible individuals did. A new report from the Treasury Inspector General for Tax Administration (TIGTA) on the IRS’s handling of advance child tax credit payments...
In Colorado, cryptocurrency is now accepted as payment for taxes.
Colorado residents can use digital currency to pay all kinds of taxes, including personal and business taxes. Coloradans can now pay their taxes with cryptocurrency, thanks to a plan announced earlier this year by Gov. Jared Polis. According to Polis,...
Income tax rates for 2023 – Projected
According to the 2023 Projected U.S. Tax Rates prediction, inflation-adjusted tax amounts in the tax code will rise by roughly 7.1% from 2022, which is more than double the increase of 3% from the previous year. Thomson Reuters Checkpoint calculated...
Identifying Your Firm Type to Select the Best Tax Tools
Investing in the right tech stack will save your company time, money, and energy, whether you’re a perfect fit for one of these five firm types or somewhere in the middle. If you work in the financial services industry, you...