The latest information from our Accountants
The Internal Revenue Service and the Treasury Department released updated early draft versions Friday of Schedules K-2 and K-3 for pass-through businesses to report international
My two previous articles discussed the power of brief video summaries that you can send to clients after finalizing their tax returns. Clients love the
President Biden’s American Families Plan would provide tax credits for families and low-income workers, but eliminate a popular tax break for inheritances and raise taxes
In a previous column, I highlighted new rules that allow nonitemizers to take 2020 deductions of as much as $300 for contributions to charities. Something
QuickBooks is more than efficient in handling the daily accounting chores of small to mid-size businesses. Thanks to its multiple features, the users find the
Small businesses are gaining more revenue this year despite the lingering challenges from COVID-19 and reversing last year’s losses, according to a report from Intuit’s
The time is now for accountants to help their SMB clients get in front of increased business compliance considerations by implementing the right tax solution. By putting
Every tax season has its unique challenges that stress and overwhelm tax pros, but after more than a year of remote working during a global
Errors while updating QuickBooks Desktop are quite common and can appear anytime in the application during various operations. QuickBooks Update error can also affect the
Democrats introduced a bill Tuesday to provide tax credits for child care, along with universal paid family and medical leave and permanent extensions of child
The past year has been a wild ride for most firms. Some have done exceptionally well, while others have struggled to hold onto clients and
The hunger for counsel among small business clients presents accountants with the opportunity to advise them in a variety of nontraditional areas such as HR. In fact,
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Two members of the Senate Finance Committee released a discussion draft of a bipartisan energy tax credit bill Monday that could represent a path forward
While personal and corporate income tax tends to receive most of the media attention, it’s important to remember that gift and estate taxes can also have
Take the stress out of managing your business’s bookkeeping, accounting, and tax prep. Free Book Preview Money-Smart Solopreneur This book gives you the essential guide
The Small Business Administration debuted a new program to help small businesses weather the COVID-19 pandemic and prepared to retry a launch of its Shuttered
The Internal Revenue Service is holding up millions of tax refunds for manual processing and its systems were unable to process many of the quarterly
The CARES Act included sweeping measures designed to incentivize companies — particularly small businesses — not to lay off workers. While the Paycheck Protection Program
A new Tax Court case, Berry, T.C. Memo. 2021-42, 4/7/21, flagged a six-figure deduction claimed by construction business owners for their race car expenses. In some
The International Public Sector Accounting Standards Board released four proposals Thursday for improving various aspects of government accounting around the world. The exposure draft documents
For accountants with clients that sell or distribute alcohol beverages, Avalara Inc., a provider of cloud-based sales tax compliance automation, has released Avalara Shipping Verification for
Today’s digital marketing campaigns run on quality content. The challenge is maintaining both quality and quantity. You need to be posting valuable pieces on a
In case you just joined us, here’s a recap of the previous three columns. Part one explained that Form 1040’s Schedule A allows itemizers to
Senate Finance Committee Chairman Ron Wyden proposed ending existing tax breaks for fossil fuels and creating new incentives for low-and-no carbon energy sources that he
There’s a romance associated with startups. There is a person with the big idea. They get started in their garage. Venture capitalists buy into their
CPAs have to handle pressures from a variety of sources, those that come from banks and other lenders wanting reasonable assurance of a client’s financial
Unfairness in the Tax Code; implementing inclusion; the stimulus and 2021 returns; and other highlights from our favorite tax bloggers. Mind the gap Don’t Mess
Botkeeper, a machine learning-powered bookkeeping business solution for accounting firms, has a new pricing model intended to break down cost barriers, increase scale and provide
Representative Josh Gottheimer said a repeal of the $10,000 cap on state and local tax, or SALT, deductions could be offset by cracking down on
