As policy makers struggle to control an affordable housing crunch, officials in some of the world’s biggest cities have their sights set on a tactic: taxing the empty homes of the rich. Los Angeles is planning to put a vacant homes tax on the ballot for 2022, in the face
Even as the Internal Revenue Service began sending out the second batch of advance Child Tax Credit payments, evidence has emerged that the first round may have had a measurable impact on hunger and poverty in the U.S. The Census Bureau reported Friday that according to two Household Pulse Surveys
Former CEO and chairman of the board of directors of SAExploration Holdings Inc. Jeffrey Hastings pleaded guilty Friday for his role in a scheme to fraudulently and materially inflate the publicly reported revenue of SAEX by tens of millions of dollars and for misappropriating millions of dollars from the publicly
Sage, which makes accounting and ERP software, recently debuted a new version of Sage ID and rolled over all Sage ID accounts to the new system, completed invisibly to the users. Sage ID is an automatically-created unique sign-in and password that links all Sage products for users, allowing them to
Normal plans for this time of year might have been thrown by a (second) tax season like no other, but the priorities before fall still wait for no firm. With the October deadline for extended returns looming, practitioners are wondering how best to fill the time between now and the
Figuring out nanny taxes and payroll for your clients with household help can be a hassle, not to mention time consuming. But you need to keep your clients compliant so calculating nanny taxes “after the fact” may seem to be a way you could save time and energy that can
As accounting and tax professionals, you may (or might in the future) have clients who have wondered if they should choose a different home state for their business. After all, we occasionally hear how this state or that state is more “business-friendly” — and the tax environment stands as one
In the past few weeks I conducted two joint retreats, one for sole practitioners and another for two- and three-partner firms. Accountants from 10 states and Canada participated. It was the first time I tried this format and I had a great time as I believe the participants also did.
The booming market for nonfungible tokens is showing no signs of slowing down as investors pour money into digital collectibles, but the tax rules surrounding NFTs are anything but clear. NFTs are basically digital assets whose data is stored in a blockchain, similar to cryptocurrency like Bitcoin and Ethereum. It
The Financial Accounting Standards Board has endorsed a recommendation from its Private Company Council to allow a practical expedient for a private company to determine the current price input of equity-classified share-based awards issued to both employees and nonemployees. During a meeting Wednesday, the board agreed to issue an accounting
