Accounting Today

JULY 25, 2025

Tasks once performed by junior staff — data entry, reconciliations, audit sampling, basic tax preparation — are increasingly automated. © 2025 Arizent. All rights reserved. EDT 4 Min Read Facebook Twitter LinkedIn Email The accounting profession is a prime example of how AI is reshaping entry-level roles. All rights reserved.

Technology

Going Concern

JANUARY 30, 2025

The post Top Remote Accountants of the Week | January 30, 2025 appeared first on Going Concern. About the Author: Liz Branch is the COO of Accountingfly. Don’t hesitate to reach out to liz@accountingfly.com.

Real Estate

Accounting Today

JUNE 10, 2025

899; IRMMA tactics; and other highlights from our favorite tax bloggers. Why lawmakers ought to adopt a simple reform that would raise revenue and make the Districts business tax system fairer. Tax Talk: ( [link] ): OBBBA wont be so beautiful for foreign persons if IRC Section 899 becomes reality. All rights reserved.

tax preparation

Accounting Today

JULY 21, 2025

For 2022-2024 tax years, the new law provides very favorable transitional rules for businesses that incurred domestic R&D costs. Small-business taxpayers — those with less than $31 million in gross receipts during 2025 — can elect to expense rather than capitalize domestic R&D costs going back to 2022.

Technology

Accounting Today

JUNE 9, 2025

EDT 4 Min Read Facebook Twitter LinkedIn Email Eric Lee/Bloomberg Senate Republicans intend to propose revised tax and health-care provisions to President Donald Trumps $3 trillion signature economic package this week, shrugging off condemnations of the legislation by Elon Musk as they rush to enact it before July 4. © 2025 Arizent.

Tax

Accounting Today

JUNE 27, 2025

EDT 2 Min Read Facebook Twitter LinkedIn Email Donald Trump Allison Robbert/Photographer: Allison Robbert/Bl President Donald Trump amped up pressure on Congress to speed the passage of his tax-cut bill as Republicans reached a tentative deal on the state and local tax deduction, one of the key sticking points in the negotiations.

Tax

Accounting Today

JUNE 18, 2025

Oliver Contreras/Bloomberg The House-passed version of Republicans tax and spending bill would add $2.8 The House-passed bill raises the cap for federal deductions for state and local taxes to $40,000 from $10,000. The Senate draft version makes permanent three business tax breaks and that could boost the economic growth effects.

Technology

Withum

OCTOBER 3, 2024

Taxpayers located outside a declared area but maintain records, principal place of business, or accountants inside a covered disaster area must self-identify for disaster relief by calling the Disaster Assistance Hotline at 866-562-5227. Does disaster relief apply to a taxpayer that is not in a disaster area, but the tax preparer is?

South Carolina

CPA Practice

OCTOBER 1, 2024

The IRS on Tuesday announced disaster tax relief for all individuals and businesses affected by Hurricane Helene, including the entire states of Alabama, Georgia, North Carolina, and South Carolina, as well as parts of Florida, Tennessee, and Virginia. In all of these states, the relief period ends on May 1, 2025 (postponement period).

South Carolina

CPA Practice

SEPTEMBER 13, 2024

The Internal Revenue Service is offering tax deadline relief for individuals and businesses in the entire state of Louisiana, affected by Tropical Storm Francine that began on Sept. 3, 2025, to file various federal individual and business tax returns and make tax payments. 3, 2025 (postponement period).

Louisiana

CPA Practice

OCTOBER 7, 2024

4—Federal officials have announced tax relief for people and businesses in the Yakama Nation affected by summer wildfires that began June 22. 3, 2025, to file various federal individual and business tax returns and make tax payments, according to a news release from the IRS. (TNS) Oct. 16, and Jan.

Washington

Steve Feinberg

MARCH 28, 2022

New Hampshire is generally considered to be a business-friendly state when it comes to taxes—the state was ranked 6th in terms of state business tax climate—but there are a few things to know about what to expect when taxes are due. What is the Small Business Tax Rate in New Hampshire?

New Hampshire

SkagitCountyTaxServices

SEPTEMBER 19, 2024

Here’s how you know (as quoted directly from the BOI reporting FAQ page ): “A reporting company created or registered to do business before January 1, 2024, will have until January 1, 2025, to file its initial BOI report.” The rules are different if you created a business this year (2024) or start one after the deadline.

Tax

inDinero Tax Tips

JANUARY 16, 2024

Due dates for business taxes can change from year to year based on a variety of factors, including weekends and federal holidays. So, if you’re wondering when are taxes due in 2024, you’re asking the right question at the right time. Missing these tax payment deadlines might result in penalties or interest charges.

Tax

xendoo

FEBRUARY 13, 2023

You can drastically reduce your tax bill by taking advantage of all your business tax credits and deductions. Taxable income is the amount of income that the IRS uses to calculate how much you owe in taxes each year. It includes earned income from your business or wages from a job. What is taxable income?

Tax

CPA Practice

JULY 24, 2024

The IRS said this week that individuals and businesses in 67 Texas counties affected by Hurricane Beryl now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments. As a result, affected individuals and businesses will have until Feb. 16, 2024, and Jan.

Tax

CPA Practice

OCTOBER 11, 2024

Because of hurricanes Debby, Helene, and, most recently, Milton, all taxpayers in Florida now have until May 2025 to file individual and business tax returns and make tax payments, the IRS announced on Friday. 10—individuals and businesses in 51 counties will receive disaster tax relief. Lucie counties.

Florida

Nancy McClelland, LLC

JANUARY 11, 2025

Road sign announcing that tax season is ahead Big news! The IRS announced yesterday that tax season for 2024 returns will officially begin on January 27, 2025. Filing an extension will take you to September, 16, 2025. And finally, the tax code is a horrifying morass of byzantine complexity.

Tax

Going Concern

FEBRUARY 3, 2025

A hasty decision in choosing a fake tax preparer can lead to stolen information, an incomplete tax return and a bigger headache than if youd simply done your taxes yourself, Cafferelli said. Anyone still looking for a preparer in February is making a hasty decision.

accountant

Withum

FEBRUARY 6, 2025

The California wildfires that broke out on January 7, 2025, have caused tremendous devastation to individuals and businesses alike. The fires have destroyed more than 12,000 homes and businesses and more than 180,000 people were under evacuation orders during the worst of it.

California