Recent Articles
Update on 2022 Digital Security and Cybercrime
Only 50% of American businesses have a cybersecurity plan in place, despite the fact that cybercrime has cost them almost $7 billion in 2021. A cybersecurity benchmarking study was just completed by ThoughtLab, leadership and economic research firm. The study,...
IRS Issues Warning Amid Dramatic Rise in Scam Texts
The IRS has discovered and reported thousands of fraudulent domains linked to numerous MMS/SMS/text scams (also known as smishing) that target taxpayers so far in 2022. The Internal Revenue Service is alerting taxpayers to a recent rise in texting scams...
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,...