Tax Practice News
Trump's IRS Pick Raises Questions About Leadership Change and ERC Oversight
President-elect Trump's nomination of former Rep. Billy Long as IRS Commissioner would mark a significant shift in agency leadership and policy direction, particularly concerning the ERC program and agency oversight. Read more
Dec 12, 2024
Federal Court Case Could Upend Cannabis Tax Treatment Under 280E
A landmark case before the U.S. Court of Appeals for the First Circuit could fundamentally alter how cannabis businesses are taxed under federal law. Read more
Dec 10, 2024
Combating Loneliness in Modern Tax Practices
The challenge of workplace loneliness hits particularly hard in tax practices, where remote work and intense seasonal pressures can strain team connections. Read more
Dec 5, 2024
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
