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Special Report: 2025 Readers’ Choice Awards

CPA Practice

From tax prep to asset management, invoicing and portals, and auditing to remote CFO functions, the services the accounting and tax pros provide are dependent on the technologies they use. The awards highlight the most useful technology for firms and clients.

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Sales Tax Rates and Rules Changes Skyrocket Across States in 2025, Says Vertex Report

CPA Practice

a provider of indirect tax solutions. Local jurisdictions, including cities and districts, account for most of these updates and while only one state raised its sales tax rate this year, more may follow given the evolving federal funding landscape and shifting tax policy dynamics. .” © 2025 Firmworks, LLC.

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Billy Long Sworn in as 51st Commissioner of the IRS

CPA Practice

” Related article: Trump IRS Nominee Billy Long Grilled Over Ties to Fraudulent Tax Credits After Long, 69, left Congress in 2023, he received at least several thousand dollars in compensation from White River, which holds oil and gas mineral leases in Louisiana and Mississippi. © 2025 Firmworks, LLC.

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New Federal School Voucher Program Poses a Quandary for States: Opt In or Opt Out?

CPA Practice

Some states, like Florida and Arizona, already have extensive tax credit scholarship systems. Others, including Texas, are building new infrastructure such as statewide voucher programs and education savings accounts, known as ESAs. “It’s going to take time to figure out how to sell this to families.”

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Employer Payroll Tax Obligations When Employees Work Out-Of-State

Anders CPA

This changing employment landscape requires employers to reassess their payroll tax withholding processes to ensure you are withholding the proper amount of state, local and unemployment taxes from your employees’ wages. Below we dive into the state and unemployment tax responsibilities employers need to know.

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The Benefits of Delayed Business Filings

CPA Practice

Timing is Everything In the complex world of small business finance and accounting, the strategic timing of business filings can be a game-changer. She is the CEO of CorpNet , the most innovative way to start a business, register for payroll taxes, and maintain business compliance across the United States.

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Milestones for S Corporation Election

CPA Practice

If the IRS believes salaries are below the typical wage for those positions because the business is trying to avoid paying payroll taxes, the company will lose its S Corp status. The IRS is Watching The Internal Revenue Service (IRS) closely monitors S Corps owners to ensure they take (and pay) “reasonable salaries” to all employees.