Tax Practice News
IRS Announces New 1099-K Reporting Thresholds for 2024-2025
In a significant development for tax practitioners and their small business clients, the IRS has established new transitional thresholds for Form 1099-K reporting through Notice 2024-85. Read more
Dec 3, 2024
Driving Year-End Efficiency in Tax Practices: A Manager's Guide
As tax season approaches, tax practices face increasing pressure to optimize operations while maintaining service quality. Forward-thinking managers and owners should focus on key efficiency drivers. Read more
Nov 26, 2024
Tax Policy Outlook: What Your Small Business Clients Need to Know
The landscape for small business tax planning could see dramatic shifts in the coming years as tax advisors prepare their clients for potential changes. Read more
Nov 21, 2024
IRS Proposal to Slash Third-Party Notice Period Draws Criticism
In a move that could significantly affect how tax practitioners manage IRS information requests, National Taxpayer Advocate Erin Collins has voiced strong opposition to proposed IRS regulations. Read more
Nov 19, 2024
Trump and Taxes: What a New Administration May Bring
Regardless of your position on the election results this week, the important component for tax practitioners is the potential for tax law changes either before the end of the year or coming with the administrative change in January. Read more
Nov 14, 2024
