New Business Travel Per Diem Rates Announced for 2023-2024

November 1, 2023 | 0 views

New per diem rates were recently announced by the IRS and are effective for per diem allowances on or after Oct. 1, 2023. These updated rates include changes for the transportation industry, incidental expenses as well as the high-low substantiation...

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IRS Plans to Use AI and Ramp Up Enforcement on Millionaires, Partnerships and Crypto

October 1, 2023 | 0 views

Recently, IRS Commissioner Danny Werfel spoke of changes within the IRS, announcing several initiatives focusing on high-income earners and partnerships, as well as integrating the use of AI within the agency’s work. According to the commissioner, the initiatives were made...

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IRS Announces End of Unannounced Taxpayer Visits (Mostly)

September 1, 2023 | 0 views

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 showed up at your doorstep unannounced. Recently, however, this was the reality for some...

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2023 Sales Tax Holidays for Back-to-School Shopping

August 1, 2023 | 0 views

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 shopping. Numerous states with sales tax (remember, not all states have a sales tax) provide...

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Increased Tax Bills Hitting Private Companies Big and Small

July 1, 2023 | 0 views

Private companies, both large and small, are feeling the tax pinch due to changes in the law. With rampant inflation, labor shortages, lingering supply chain issues, and increased borrowing costs due to rising interest rates, tax problems are the last...

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