California Ruling Sends Strong Message Against Tax Evasion and Frivolous Claims The Ninth Circuit Court of Appeals recently delivered a strong message to taxpayers trying to avoid their tax obligations. On October 24, 2024, a California court ruled against an
Should Cryptocurrency Earned Through “Staking” Be Taxed Before It’s Sold? A Tennessee couple, Joshua and Jessica Jarrett, is challenging the IRS over how cryptocurrency earned through a process called “staking” should be taxed. The Jarretts believe that tokens created through
Ex-partner at major U.S. law firms faces prison for failing to pay federal taxes A former corporate lawyer from two large U.S. law firms has been sentenced to 16 months in prison for tax evasion. The lawyer, referred to here
New IRS guidance allows tax deductions for contraceptives and more accessible preventive care options through High Deductible Health Plans (HDHPs). The IRS has announced important updates to what qualifies as deductible medical expenses and what preventive care benefits can be
A Guide to Equipment Rentals, Technology Development, and Operational Costs: Maximizing Deductions and Minimizing Liabilities Event technology providers play a crucial role in ensuring the success of corporate meetings, live conferences, virtual events, and hybrid experiences. As the event industry
Strategies for Growth, Client Acquisition, and Long-Term Success Building a strong referral network is essential for tax professionals to grow their business, increase clientele, and create long-term professional relationships. Referral networks can be one of the most effective and cost-efficient
A Double-Edged Sword for Businesses and Consumers: Examining the Economic Impact, Benefits, and Limitations Sales tax holidays are designated days or weekends when certain items are exempt from state and local sales taxes. These tax-free events are typically scheduled around
Maximizing Savings and Ensuring Compliance Business travel can be an essential part of running a successful business, whether it’s attending client meetings, conferences, or industry events. The IRS allows businesses to deduct travel expenses incurred while conducting business activities away
Maximize Tax Savings for Your Consulting Business: Deductions, Expenses, and Strategies for Financial Optimization As a professional organizational consultant, managing the financial aspects of your business is crucial to optimizing profitability and reducing your tax liability. Whether you work independently
Therapy Expenses and Maximizing Tax Efficiency: A Guide to Deductions and Compliance Art therapy combines creative expression with psychological healing. As an art therapist, understanding your tax obligations can help you minimize liability and maximize deductions. Here’s a straightforward guide