R&D Incentive Changes Are Hurting Manufacturers
Congress is taking its time on reversing delayed tax deductions for innovation.
Congress is taking its time on reversing delayed tax deductions for innovation.
The Internal Revenue Service announced in March that its compliance efforts related to the Employee Retention Credit had exceeded $1 billion, with the agency specifying that “more than 12,000 entities filed over 22,000 claims that were improper and resulted in $572 million in assessments.”
Tax season is always stressful for small businesses, but it’s not too soon to prepare. Follow these steps to make next tax season a breeze.
Every business is seeking to integrate generative AI and automation into its operations. Machine builders, systems integrators and machine shops are no exception.
Tax season is always stressful for small businesses, but it’s not too soon to prepare. Follow these steps to make next tax season a breeze.
Flush with funding from the Inflation Reduction Act, the IRS launched major initiatives to ramp up enforcement activities and make much-needed improvements in taxpayer services.
Days after President Biden delivered his address on the State of the Union, people are still talking about it. Love it or hate it, the speech was one of the most memorable of Biden’s presidency.
The US government appealed a district court ruling that the anti-money laundering Corporate Transparency Act is unconstitutional, setting the stage for what could be a lengthy appeals process.
As the IRS bolsters its cryptocurrency expertise, tax professionals are bracing for increased scrutiny of digital currency.
The IRS will continue to crack down on top earners who haven’t paid taxes owed — and certain returns may see increased scrutiny, experts say.