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What’s in the House-passed tax and spending bill backed by Biden
The House on Friday passed a roughly $2 trillion bill incorporating the core of President Joe Biden’s economic agenda — ramping up funding for the
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Tax & Accounting
The latest information from our Accountants
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House passes Biden’s economic plan, Senate fate uncertain
President Joe Biden’s signature plan to expand the social safety net, address climate change and rewrite tax policies passed the House Friday morning as Speaker
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BlackLine expands Microsoft collaboration
Finance and accounting close solution provider BlackLine Inc. is expanding its collaboration with Microsoft by joining the software giant’s Business Application ISV Connect Program and
Accounting
Wish to Downgrade QuickBooks Desktop? Read This
QuickBooks Desktop is a business accounting and bookkeeping software that assists small and medium-sized businesses in managing their funds, payroll, statements etc., amongst various other
Accounting
Structuring Business Entities with Shared Expenses
It’s increasingly important for entrepreneurs to understand how a company with multiple entities should handle shared expenses, and how a company with multiple entities should be legally
Accounting
Structuring Business Entities with Shared Expenses
It’s increasingly important for entrepreneurs to understand how a company with multiple entities should handle shared expenses, and how a company with multiple entities should be legally
Accounting
Why the Nanny Tax Threshold Matters
The U.S. Social Security Administration (SSA) recently increased the domestic employee coverage threshold to $2,400 for 2022, up from $2,300 in 2021, marking the third consecutive year the threshold has
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Tax Fraud Blotter: Waffles with a side of sham
Too much for the man; just sign here; candid con; and other highlights of recent tax cases. Atlanta: Shanga A. Hankerson, 45, former owner of
Accounting
How to Resolve QuickBooks Error 193:0xc1?
One of the QuickBooks multi-user mode errors that users face while opening and running QuickBooks Desktop application is QuickBooks Error 193:0xc1 that affect not only
Accounting
Unpaid Employment Taxes Hit Hospital Admin Hard
The result in a new Tax Court case of unpaid employment taxes, Cashaw, TC Memo 2021-123, 10/27/21, was especially harsh due to the unenviable position
Accounting
ApprovalMax Unveils Advanced Budget Control
ApprovalMax, an approval automation app for Xero and QuickBooks Online, has introduced a new plan for organizations that require a higher level of control and
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IRSAC: Full funding for IRS a smart ‘first step’
The IRS deserves a raise. That’s a primary point in the 2021 Annual Report from the IRS Advisory Council. “The nation’s expectations for the IRS
Accounting
How to Fix QuickBooks Unexpected Error Code C = 184
If you are a QuickBooks Desktop user and encounters QuickBooks Error C 184 in the Desktop application while accessing your company data file or generating
Accounting
QuickBooks Error 1334 | Here’s How to Get Rid of it
QuickBooks users often experience errors while updating, repairing, installing, or launching the QuickBooks Desktop application on Windows operating systems. However, the software is quite simple
Accounting
Step-by-Step Guide to Repair Damaged QuickBooks Data
The data collected in the QuickBooks company file is precious as it stores all the information a business needs to improve its productiveness. Losing QuickBooks
Accounting
5 Ways to Use Tech to Improve Strategy in 2022
We live in a world of self-driving cars, where access to mobile banking is ubiquitous and space tourism is on the horizon. Yet, accounting processes are shockingly
Accounting
How to Get Rid of QuickBooks Error 6176 Once and for All
For businesses that rely on QuickBooks to keep things up and running, errors in the accounting application can hinder productiveness and lead to financial losses.
Accounting
Thomson Reuters Launches Indirect Tax Platform
Thomson Reuters has launched the Indirect Tax (IDT) Determination Anywhere platform, a new patent-pending, cloud-based tax technology platform that sits on top of existing infrastructure
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In the blogs: Tsunamis of change
Keeping your peeps; Better’s economic impact; new to us; and other highlights from our favorite tax bloggers. Tsunamis of change John R. Dundun II EA
Accounting
QuickBooks Error H505 | Causes & Troubleshooting Instructions
Let’s investigate QuickBooks error H505 with this article. QuickBooks is a robust accounting software satisfying the needs of numerous businesses and freelance individuals. Among various
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IRS offers online tool for U.S. withholding agents to report foreign income
The Internal Revenue Service introduced an online tool Monday to help U.S. withholding agents comply with their reporting and withholding responsibilities for IRS Form 1042-S
Accounting
10 Steps Clients Should Take Before Year End
Many clients go on cruise control after Thanksgiving. As the holidays approach, their minds are elsewhere, and they put off making financial decisions. They may
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Donor-advised funds gave 27% more to charities amid pandemic
Donor-advised funds increased their donations to charities last year in response to the COVID-19 pandemic, hitting the biggest levels in over a decade. Grants to
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Xero acquires inventory mgmt. provider
Cloud accounting software developer Xero Ltd. has acquired inventory management provider Locate Inventory for $19 million. Xero expects to use Locate’s talent, expertise and inventory-accounting
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New IRS rules for R&D credits causing angst
The Internal Revenue Service’s recent move to set new requirements for claiming refunds on research tax credits is provoking an uproar among tax professionals. Last
Accounting
How to Help Your Client Choose a Registered Agent
Starting and running a business means making countless decisions. One that is often overlooked is choosing a registered agent. One of the many important duties
Accounting
How to Avoid Auditing Pitfalls
CPAs and accounting professionals in general should be aware of auditing best practices during the pandemic to avoid common pitfalls such as a lack of
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Digital networks will power the future of accounting
Software as a Service and the cloud have been important drivers of innovation — particularly during the COVID-19 pandemic — but the next stage of
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Sage highlights automation, mobile features
Business software developer Sage kicked off its annual user conference with a glimpse at some of the new capabilities and features in its development pipeline,
Coming Clean on Wash Sales
It’s no surprise that clients expect their accountants to advise them how to take full advantage of often-overlooked strategies to lower their taxes this year