Opinion: Now is the time for American farmers to harness the power of AI
Agriculture has always been a complicated business in a constant state of change. Those who recognize and embrace this reality will succeed while others will be left behind.
Employee Retention Credit: Afraid Of IRS Knocking? — What To Do
I have written recently that taxpayers need to beware of “too-good-to-be-true” pitches for the Employee Retention Credit (ERC) and that business owners need to be “eyes open” about whether they qualify for the ERC.
What happens if the debt ceiling and banking crisis collide?
President Joe Biden said over the weekend that debt ceiling negotiations were moving along and that talks between the White House and House Speaker Kevin McCarthy would resume on Tuesday.
The Biden tax proposals that could hit baby boomer, family businesses
President Joe Biden’s 2024 budget proposals contain several proposals that could hit small businesses right where it hurts — their wallets. Proposals in the budget include boosting the top capital gains rate for income over $1 million, eliminating the so-called “step-up in basis” loophole, expanding who has to pay investment income tax and at what rate, and bumping up the corporate tax rate.
R&D Tax Credit — An Update On A Lifeline For Small And Medium Business
A cornerstone of U.S. tax policy (and for many other countries) has been to encourage and support research and development (R&D) in this country. Policymakers on both sides of the aisle have long recognized the importance of incentivizing companies to engage in R&D.
3 Ways the IRS’s $80-Billion Spending Plan Will Make It Easier for Small-Business Owners to Do Their Taxes
The IRS on Thursday released its $80-billion plan to begin the agency’s modernization efforts, which will introduce new digital tools, streamline tax processes, and offer more assistance to taxpayers.
Here’s why IRS tax audits have declined over the past decade
Audit rates have been on the decline since 2010. Across all income brackets, the audit rate decreased to 0.25% in 2019, down from 0.9% in 2010.
Mark Everson talks IRS’ recent activities, budget and CPA shortage
Former IRS Commissioner Mark Everson discusses why the IRS visited journalist Matt Taibbi’s home during his Twitter Files testimony on ‘Cavuto: Coast to Coast.’
Accountants’ Salaries Are Rising, but It May Not Add Up to More Accountants
Firms hand recent graduates fatter offers and juicier opportunities with more responsibility, while also working to change perceptions, in a bid to boost ranks
Accountants Head Overseas for Talent
The crunch for talent within the accounting profession remains one of the biggest obstacles for U.S. accounting firms today.