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Whitley Penn Acquires Texas CPA Firm Fisher, Herbst & Kemble

CPA Practice

Fort Worth-based Whitley Penn is acquiring FHK, a long-established CPA firm that provides audit, tax, and consulting services to clients, primarily financial institutions, construction companies, and retailers. Whitley Penn currently has eight offices in Texas and one in New Mexico.

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Sales Tax Issues for Online Retailers

Withum

It is no surprise that states are seeing significant growth in sales tax revenue, a trend fueled by changes in consumer spending during the pandemic. The third reason for higher sales tax revenue was the Wayfair decision in which the Supreme Court expanded the physical nexus requirement to include economic nexus (e.g.,

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5 States with the Lowest Combined Business Taxes

CPA Practice

One crucial factor to consider when selecting your business location is the tax environment. Business taxes can significantly impact your bottom line and overall profitability. The importance of business taxes As an entrepreneur, you face countless decisions when starting a business.

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Yellen Sets Goals for 2024 Filing Season, Calls Out House GOP for ‘Playing Politics with IRS Funding’

CPA Practice

on Tuesday, Treasury Secretary Janet Yellen laid out goals for the 2024 tax filing season, spoke about improvements the IRS has made over the last year since the Inflation Reduction Act was enacted, and responded to House Republicans’ recently passed $14.3 billion Israel aid bill that would be paid for by slashing funds for the tax agency.

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