As of Oct. 1, the IRS has raised the special per diem rates to substantiate ordinary and necessary business travel expenses away from home.
The R&D credit offset of payroll tax liability is often overlooked by small businesses, but it can be a great opportunity for some taxpayers.
The Inflation Reduction Act of 2022 includes new corporate tax provisions .
From long call wait times to tax return processing errors and delays, the IRS staffing shortage is having a big impact on taxpayers.
After the rollercoaster of past two years, every business should take advantage of a lease audit to evaluate their real estate portfolio.
Kentucky HB 8 enacts a short-term tax amnesty program set to begin in October, and expands the list of services required to pay sales and use tax.
More than 20 states now allow pass-through entities (PTEs) to elect to be taxed at the entity level to help residents avoid the $10,000 limit on federal itemized deductions for state and local taxes, also known as the “SALT cap.”
Pooled Employer Plans (PEPs) were created to expand access to retirement benefits by addressing some of the restrictions and perceived drawbacks of multiple employer plans (MEPs) while creating additional benefits for PEP participants, such as tax credits and the “one bad apple” rule.
The 2022 BDO Tax Outlook Survey polled 150 middle market tax executives to find out more about the challenges they are facing, their outlook on the rapidly evolving global tax landscape and how they are planning to adapt to uncertainty in the upcoming year.
Professional services M&A activity is at a fever pitch. What are the drivers – and impacts – of increased M&A activity and the unique factors that make advertising, architecture and legal firms such attractive targets?
While all signs point to the fact that, given the current makeup of the House and Senate, the Build Back Better bill on the table last fall is essentially lifeless, some of the policies contained in the bill may be back in play in 2022.
In the face of opposition from moderate Democratic Senators, the Build Back Better Act did not pass in 2021; what is the future of the BBBA?
As 2022 kicks off and tax legislation continues to be stalled in Congress, the amendment to Internal Revenue Code (IRC) Section 174 originally introduced by the 2017 Tax Cuts and Jobs Act (TCJA) is now in effect.
Many economists, business leaders and investors agree that some of the inflationary pressures being felt are temporary and normal for a recovering economy. Nevertheless, a proactive approach is advisable.
Final LIBOR transition regulations provide much needed guidance to those required to modify existing contracts to address the elimination of IBORs.
The IRS has released two pieces of interim guidance on its revised administrative policy regarding valid research credit refund claims.
Final tip regulations limit the amount of time tipped employees can spend performing non-tip-producing work while still receiving cash wages as low as $2.13 per hour.
If you benefited from advance Child Tax Credit payments or the third round of Economic Impact Payments, watch your mail for a letter from the IRS.
Sponsors of defined benefit and defined contribution plans: keep these deadlines and important dates in mind for your plans in 2022.
The IRS has released the 2022 standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.