Category: Tax and Financial News

IRS Announces End of Unannounced Taxpayer Visits (Mostly)

You wake up in the middle of the night. Heart racing, drenched in sweat, and breathing heavily. Thankfully, it was just a nightmare when the IRS showe

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10 Key AP Automation Best Practices

What is AP automation? Accounts payable automation, or AP automation, consists of tools or processes that automate the manual aspects of accounts

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2023 Sales Tax Holidays for Back-to-School Shopping

Now that we are heading into the backend of summer, it’s time for many states to host their annual sales tax holidays for returning to-school sh

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Increased Tax Bills Hitting Private Companies – Big and Small

Private companies both large and small are feeling the tax pinch due to changes in the law. With rampant inflation, labor shortages, lingering supply

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End of Covid Emergency Declarations Put Work from Home Benefits at Risk

The end of the federal emergency declaration for Covid-19 came on May 11. As a result, there are various public health policy changes. For example, va

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How Volunteering Can Earn You a Big Tax Deduction

Most people volunteer out of a sense of altruism, duty or purpose – not to get a tax deduction from Uncle Sam. At the same time, if your good de

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Sold Your Home Last Year or Plan to in 2023? If So, Here’s What You Need to Know

The U.S. housing market has been extremely volatile over the past year. Year-over-year growth rates were at highs of 20.1 percent in April 2022, then

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