Will cannabis-focused banking finally see a win?
The cannabis industry is booming with at least six new states legalizing the use in some form since the beginning of 2022. Delaware, most...
Caution on college debt deductions
There remains myriad potential tax benefits for students, and parents of students making payments for college tuition and/or towards student loan indebtedness. But making...
AICPA endorses bipartisan bill to expand use of 529 Savings Plan
The American Institute of CPAs (AICPA) expressed its support of H.R. 1477, the Freedom to Invest in Tomorrow’s Workforce Act. The bipartisan bill would expand eligible...
Remote work causing state tax disagreements
State nexus issues have no doubt been extremely complex ever since the well-known Wayfair case. More recently, post-pandemic remote work has exploded and started...
R&D Credits – What small business clients are missing
Small businesses often face challenges when it comes to funding research and development (R&D) initiatives. Additionally, many small businesses don’t realize that R&D credits...
IRS strategic plan released
The IRS released its most recent strategic operating plan earlier this month. The plan is a milestone for newly appointed commissioner, Danny Werfel, and...
IRS warns of filing season scams involving Form W-2 wages
The Internal Revenue Service (IRS) issued a consumer alert today to warn taxpayers of new scams that urge people to use wage information on...
TPN Rewind: New data security plan will help tax professionals
A special new sample security plan designed to help tax professionals, especially those with smaller practices, protect their data and information is on the...
What you need to know about TikTok and taxes
There is no doubt that you can find a video to DIY just about anything now. Social media is full of how to’s, influencer...
TPN Rewind: IRS WISP Requirements
There may not be significant new tax legislation coming down the pipeline this tax season compared to the last two years. The IRS is...
Latest article
AICPA endorses bill to simplify tax filing extensions
The American Institute of CPAs (AICPA) has endorsed bipartisan legislation introduced by Representatives Judy Chu (D-CA) and Mike Carey (R-OH) to simplify the tax filing extension...
Simple estate planning conversations
Not all tax practitioners love the idea of offering estate and trust services and that’s okay. It is difficult to specialize in all the...
More CPAs on the way?
The CPA profession has been struggling for years to retain talent in the industry. The number of overall graduates coming out of school with...