TAXATION

IRS Interest Rates Remain the Same
 

IRS Interest Rates Remain the Same

Posted: June 9, 2017
The IRS has announced that interest rates will remain the same for the calendar quarter beginning July 1, 2017.

Federal Court Strikes Down PTIN Fees, Upholds PTINs
 

Federal Court Strikes Down PTIN Fees, Upholds PTINs

Posted: June 6, 2017
A federal district court held that the IRS has the authority to require tax return preparers to obtain preparer tax identification numbers (PTINs) but that it cannot charge a user fee for issuing PTINs.

From Tax Accountant to Profit Expert in 8 Steps
 

From Tax Accountant to Profit Expert in 8 Steps

Posted: June 2, 2017
Clients are focused on sales, delivering products and services, and growth, but many of them don’t understand how to consistently stay profitable. That’s where their accountant comes in.


Assessing the Trump and GOP Tax Plans
 

Assessing the Trump and GOP Tax Plans

Posted: May 9, 2017
President Trump’s updated tax plan for individuals and businesses has a lot in common with the House GOP plan but they differ in their approach to individual tax brackets, standard deductions/exemptions, repatriation and what the corporate tax rate should be.

ACA Executive Order Doesn
 

ACA Executive Order Doesn't Void the Rules for CPAs

Posted: March 19, 2017
The IRS response to a presidential executive order concerning the Affordable Care Act has created some uncertainty about whether tax returns need to include ACA information. Here are legal and ethical issues for CPAs to consider.

IRS Adopts New Offer in Compromise Policy
 

IRS Adopts New Offer in Compromise Policy

Posted: March 17, 2017
Offer in Compromise applications will now be returned without consideration in instances where the taxpayer has not filed all required tax returns.


 A Basic Blueprint for Transactional Tax Automation
 

A Basic Blueprint for Transactional Tax Automation

Posted: February 1, 2017
Transaction-based tax compliance (think calculation, returns filing, and remittance for sales, use, and value-added taxes) has always been ripe for automation, due to the high volume and restricted time windows that accompany it. Here are four key areas you need to know about when it comes to a cloud-based transactional tax solution.