In late September, the IRS Large Business and International (LB&I) Division added a new compliance campaign to its active campaigns list. This applies to non-resident…read more

The outcome of the November 5 election is likely to significantly impact taxes. Many provisions in President-elect Donald Trump’s signature tax legislation from his first…read more

Whether it’s inflation, trouble finding staffers in a tight labor market or cybersecurity, nonprofit leaders have a lot to worry about. If making financial forecasts…read more

When you take withdrawals from your traditional IRA, you probably know that they’re taxable. But there may be a penalty tax on early withdrawals depending…read more

In today’s increasingly online world, the taxability of web services remains an important issue. In this article you will find a summary of how New…read more

The IRS has issued its 2025 inflation-adjusted contribution amounts for retirement plans in Notice 2024-80. Many retirement-plan-related limits will increase for 2025 — but less…read more

The recent riots around the country have resulted in many storefronts, office buildings and business properties being destroyed. In the case of stores or other…read more

If you have a parent entering a nursing home, you may not be thinking about taxes. But there are a number of possible tax implications….read more

Accounting is about more than just numbers. QuickBooks lets you make documents available from within the program itself. You could call QuickBooks a “green” computer…read more

Many taxpayers make charitable gifts — because they’re generous and they want to save money on their federal tax bills. But with the tax law…read more

Sometimes, bigger isn’t better: Your small- or medium-sized business may be eligible for some tax breaks that aren’t available to larger businesses. Here are some…read more

Although planning is needed to help build the biggest possible nest egg in your traditional IRA (including a SEP-IRA and SIMPLE-IRA), it’s even more critical…read more