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How to be Your Tax Pro’s Favorite Client this Tax Season

Category Archives: Tax and Financial News

How to be Your Tax Pro’s Favorite Client this Tax Season

Why on earth, you may ask yourself, would I care about being a good client to my tax prep professional? I mean, you are a paying client, and aside from treating them with the same decency and respect that you … Continue reading

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IRS Plans to Shake Up Leadership

The top leadership in the IRS is set to change. IRS Commissioner Daniel Werfel believes the changes are needed for the agency to meet its new goals. He aims to create greater flexibility and efficiency over the agency by streamlining … Continue reading

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The 2023 Tax Planning Guide

It’s that time of year again: time for year-end tax planning. With the end of 2023 coming fast, the time to act is now. In this article, we’ll look at the moves you can make to optimize your tax situation … Continue reading

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New Business Travel Per Diem Rates Announced for 2023-2024

New per diem rates were recently announced by the IRS and are effective for per diem allowances on or after Oct. 1, 2023. These updated rates include changes for the transportation industry, incidental expenses as well as the high-low substantiation … Continue reading

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IRS Plans to Use AI and Ramp Up Enforcement on Millionaires, Partnerships and Crypto

Recently, IRS Commissioner Danny Werfel spoke of changes within the IRS, announcing several initiatives focusing on high-income earners and partnerships, as well as integrating the use of AI within the agency’s work. According to the commissioner, the initiatives were made … Continue reading

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IRS Announces End of Unannounced Taxpayer Visits (Mostly)

You wake up in the middle of the night. Heart racing, drenched in sweat, and breathing heavily. Thankfully, it was just a nightmare when the IRS showed up at your doorstep unannounced. Recently, however, this was the reality for some … Continue reading

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2023 Sales Tax Holidays for Back-to-School Shopping

Now that we are heading into the backend of summer, it’s time for many states to host their annual sales tax holidays for returning to-school shopping. Numerous states with sales tax (remember, not all states have a sales tax) provide … Continue reading

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