News
'Jeopardy James' will likely have to pay $1.2M in taxes
Source: nbcnews.com - Jun 5, 2019 “Jeopardy” champion and professional sports bettor James Holzhauer lost in his 33rd episode of the TV game show, which aired on Monday, finishing $58,484 short of the all-time winnings record.... Read more > Category: General Business |
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IRS to Stop Faxing Tax Transcripts, Takes Other Security Measures
Source: cpapracticeadvisor.com - Jun 5, 2019 As part of its ongoing efforts to protect taxpayers from identity thieves, the Internal Revenue Service will stop its tax transcript faxing service in June and will amend the Form 4506 series to... Read more > Category: General Business |
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Local say-so stays for Louisiana’s industrial tax break
Source: nola.com - May 24, 2019 The state House on Monday (May 20) fell three votes short of approving legislation backed by Louisiana’s business lobby to lessen local government decision-making authority over a lucrative... Read more > Category: General Business |
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Louisiana sales tax phase-out plan wins House backing
Source: wbrz.com - May 24, 2019 ATON ROUGE (AP) - Lawmakers in the Louisiana House agreed to roll back the state sales tax passed in 2018 earlier than its planned mid-2025 expiration date. The proposal from House Republican... Read more > Category: General Business |
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EU Launches New System For Tackling VAT Fraud
Source: tax-news.com - May 24, 2019 The European Commission has announced the launch of the Transaction Network Analysis tool, a new system to enable EU member states to rapidly exchange and jointly process VAT data. Tax... Read more > Category: General Business |
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Sales tax proposals threaten to ensnare CPA firms
Source: journalofaccountancy.com - May 24, 2019 When Utah’s Legislature floated a proposal earlier this year to levy sales tax on a number of services, including accounting services, the Utah Association of CPAs quickly voiced opposition.... Read more > Category: General Business |
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BBB Tips for Louisiana Tornado Victims
Source: bbb.org - May 23, 2019 The recent storms that rolled through Louisiana have caused significant damage to many homes, businesses, and vehicles. Unfortunately, “travelers” (out of town contractors) are likely to be... Read more > Category: General Business |
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IRS could be wasting even more taxpayer dollars than it reports
Source: foxbusiness.com - May 23, 2019 While it is known the IRS Opens a New Window. is having a hard time preventing overpayments to individuals claiming a tax Opens a New Window. credit typically awarded to low-income families, they... Read more > Category: General Business |
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Trump+Taxes+Deutsche Bank+Mnuchin+Barr = Cover-Up
Source: bloomberg.com - May 23, 2019 It looks like all you have to do these days to dominate a news cycle and force the president of the United States to tee up a predictably bonkers press conference in the Rose Garden is to accuse... Read more > Category: General Business |
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When are Quarterly Taxes Due: Dates to Circle in Red
Source: squareup.com - May 23, 2019 (Remember, this post is for educational purposes only. For tax advice related to your specific business, be sure to consult a reputable accountant). Before you started your own business, chances... Read more > Category: General Business |
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By the numbers: IRS audit rate for East Carroll Parish residents is highest in Louisiana
Source: thecentersquare.com - May 17, 2019 East Carroll Parish residents were audited by the Internal Revenue Service at a greater rate than similar jurisdictions in Louisiana, according to an analysis by the website 24/7 Wall St. 24/7... Read more > Category: General Business |
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Louisiana House approves $112 million tax credit program
Source: thecentersquare.com - May 17, 2019 The state House of Representatives on Monday approved a new multimillion-dollar tax credit program meant to help small businesses create jobs in rural areas. House Bill 444 now moves to the state... Read more > Category: General Business |
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IRS highlights credits and deductions for businesses during Small Business Week
Source: irs.gov - May 16, 2019 IR-2019-93, May 10, 2019 WASHINGTON — During Small Business Week, the Internal Revenue Service reminds small business owners and self-employed individuals to take deductions and credits that... Read more > Category: General Business |
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Those Who Didn't Pay Social Security Taxes In Their Day Will Now Have To Pay For Medicare
Source: forbes.com - May 16, 2019 Back in the early days of my career, a friend, in his early 30s, had a government job. Tom heckled me a bit because he was not paying Social Security taxes and, on top of that, he had a great... Read more > Category: General Business |
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States moving fast on economic nexus standards
Source: taxprotoday.com - May 16, 2019 The 19th annual Bloomberg Tax Survey of State Tax Departments found that states with an economic nexus standard for sales tax more than doubled over the last year in the wake of the Supreme... Read more > Category: General Business |