Recent Articles
Tax extensions have been granted to Hurricane Ian victims.
Hurricane Ian victims in Florida now have until February 15, 2023, to file and pay various federal individual and business tax returns. The Internal Revenue Service (IRS) announced that the deadline for filing various federal individual and business tax returns...
The October FBAR Extension Deadline is quickly approaching.
Those who failed to file their FBAR by the deadline of April 15 automatically received a delay until October 15, 2022. The Internal Revenue Service (IRS) reminds U.S. citizens, resident aliens, and domestic legal entities that the extension deadline for...
Update on 2022 Digital Security and Cybercrime
Only 50% of American businesses have a cybersecurity plan in place, despite the fact that cybercrime has cost them almost $7 billion in 2021. A cybersecurity benchmarking study was just completed by ThoughtLab, leadership and economic research firm. The study,...
IRS Issues Warning Amid Dramatic Rise in Scam Texts
The IRS has discovered and reported thousands of fraudulent domains linked to numerous MMS/SMS/text scams (also known as smishing) that target taxpayers so far in 2022. The Internal Revenue Service is alerting taxpayers to a recent rise in texting scams...
Conflicts of Interest: How to Handle Them Correctly
The AICPA is providing updated guidance for CPAs working in both public and private businesses in its code on potential conflicts of interest. Any profession is susceptible to conflicts of interest, and CPA firms are not an exception. Although the...
Per diem rates are raised by the IRS.
The daily per diem rate for business travel to less expensive locations is $204 per day. $297 will be the highest rate. The per diem rates will rise as of October 1, 2021, according to the Internal Revenue Service. The...