Keep up with the latest news in the world of accounting and finance.
Before the new year, the IRS reminds businesses of changes that may affect their taxes. Here’s a quick look at […]
Taxpayers who qualify for advance Child Tax Credit (CTC) payments for 2021 should’ve received the final 2021 payment on or […]
Testifying before a Senate committee, U.S. Treasury Sec. Janet Yellen said the expansion of the Child Tax Credit (CTC) was […]
The Employee Retention Credit (ERC) was a valuable tax credit that helped employers survive the COVID-19 pandemic. A new law […]
The IRS has issued guidance on the timing of tax-exempt income arising from forgiven PPP loans. Three Revenue Procedures advise […]
The U.S. House of Representatives approved the Build Back Better Act on Nov. 19 by a vote of 220 to […]
The AICPA is asking Congress to direct the IRS to waive payroll tax penalties after the sunset of the Employee […]
The IRS has issued the 2022 long-term capital gains rate bracket numbers. The maximum income required to qualify for the […]
Planning to donate to charity this year? Normally, if you take the standard deduction and don’t itemize, you can’t claim […]
According to updated FAQs from the IRS, taxpayers who received 2021 advance Child Tax Credit (CTC) payments should consider providing […]
The IRS has announced its 2022 cost-of-living adjustments for more than 60 tax provisions. The 2022 adjustments generally apply to […]
On Nov. 5, the U.S. House of Representatives passed the Infrastructure Investment and Jobs Act, which includes a handful of […]