Is Your Website ADA Compliant?
Small businesses that make their website compliant with Americans with Disabilities Act standards could qualify for the disabled access tax credit.…
What are the Q4 Interest Rates?
October is just a month away, so it’s time once again for an important announcement by the Internal Revenue Service: The federal fourth quarter interest rates. Despite the seasons changing, it looks…
Employee Retention Credit Gets More Guidance
As more employers utilize the employee retention credit to keep their workers employed—and as the pandemic continues to be a factor in American business—the Internal Revenue Service continues to issue guidance on who qualifies for the credit and how best to apply it.…
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Is This Text Really From the IRS?
Impersonating the Internal Revenue Service is big business for identity thieves. These phishing scams often combine fear of the agency with urgency (and threats), and those who fall for them can soon find their information or money stolen. That’s why the IRS this week highlighted how they communicate with taxpayers.…
Change Address on Child Tax Credit Update Portal
A new feature just added to the IRS’ Child Tax Credit Update Portal allows users receiving the advance credit payments to change their mailing addresses.…
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Truckers Face August 31 Deadline
Long-haul truckers and others who own heavy highway motor vehicles are running out of time to file their federal highway use tax return by August 31.…
Drake Software 2021 How Do Your Tax Prep Fees Stack Up? Infographic
Every two years, Drake Software surveys tax professionals about their tax preparation fees. Respondents are asked to answer questions addressing a wide range of topics, like how they charge for tax preparation, whether they increased their fees from the prior year, how they accept payment, and—of course—the average fees they charge for specific tax forms.…
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Security Summit Highlights ID Theft
The tax industry partners who make up the Security Summit are urging practitioners to take a page out of the medical books in order to keep their computer systems healthy: to cure an infection, you first have to know your patient is sick.…
IRS Announces August Child Tax Credit Payments Now Being Issued
The Internal Revenue Service says millions of families across the U.S. should see their advance payment of the Child Tax Credit (CTC) in their bank accounts or mailboxes any day now.…
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New Notice Includes Work Opportunity Tax Credit Relief
New guidance from the Internal Revenue Service seeks to clear the air on the Work Opportunity Tax Credit (WOTC) for employers and gives relief to them as well.…
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