Income Tax
Latest News
Zone & Co Launches ZoneBilling AI Assistant
IRS Extends Tax Deadlines Until May For Helene Victims
Avantax Acquires SEP Financial Services
Sovos Launches Indirect Tax Suite for SAP, Enhances Clean Core Readiness
The Tax Blotter – Sept. 22, 2022
The Tax Blotter is a round-up of recent taxation news.
Projected 2023 Income Tax Rates
Inflation adjusted amounts in the tax code will increase by roughly 7.1% from 2022, more than double last year’s increase of 3%, according to the 2023 Projected U.S. Tax Rates forecast.
Why Tax Professionals Need an Anti-fragile Mindset
Everyone knows the saying “hope for the best, prepare for the worst.” As tax professionals, we actually have to take this mindset a step further.
Details of the New Tax Rules for Electric Vehicles
The new law retains the maximum credit of $7,500 for 2023 through 2032. However, the IRA changes other rules of the road, as follows:
Taxpayer Advocate Wants to Improve Taxpayer Experience at IRS
The NTA outlines the most time-sensitive priorities for the IRS in part one of her NTA Blog which focuses on eliminating the backlog of processing paper ...
Ensuring Success 2022 – 2 Days of Free Online CPE – Earn Up to 14 Hours
Earn from 1 to 14 hours of free CPE during this online 2-day event. Pick only the sessions you want to attend, and finish up your CPE requirements before the end of the year.
Grant Thornton Names Fair Opportunity Project as a Purple Paladin
The word paladin means a champion of a cause. Grant Thornton and its professionals have donated more than $650,000 to Purple Paladin nonprofits.
Income Tax Deductions for Start-Ups
A start-up business can claim a current deduction for qualified start-up costs if it meets two requirements, as stated by the IRS.