Prepare your finance staffers now: Year-end may soon look different than it has in the past, thanks to the just-signed Taxpayer First Act.
What one word best describes the 2013 tax season? Chaotic? Uncertain? Worrying? All of the above?
Attention all businesses impacted by Hurricane Laura: IRS has some temporary tax relief for you. And it lasts for the rest of 2020. Specifically, all tax filing and payment deadlines that occurred beginning Aug. 22 get pushed back to Dec. 31. So says a recent announcement by IRS. This tax relief includes: quarterly estimated income […]
Was your company impacted by any of the recent storms or natural disasters in several states? IRS is offering you some tax relief.
The IRS wants to make sure employers accurately repay any Social Security tax they may have deferred as part of COVID-19 relief during 2020. In its most recent Payroll Industry Call, the agency discussed its efforts to resolve persistent issues with ensuring deferred Social Security tax payments are applied to the correct tax liability. Problems […]
The annual Purple Book from the National Taxpayer Advocate is here, and this year’s report contains several recommendations for the IRS to make changes that’ll impact your Payroll and Finance teams. Many of the suggested updates deal with e-filing returns, making tax payments online and penalties. They could reduce red tape and save you big […]
It’s hard to believe that it’s been over a year since the Supreme Court ruled online sales are taxable in the highly watched case South Dakota v. Wayfair. Chances are, your A/P and A/R departments are still reeling from the massive change and trying to keep up with all the state laws that followed in […]
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