The ‘Wayfair Tax’ Could Plague Businesses in 2023
Remember the 2018 Wayfair ruling? Industry experts speculate that small businesses conducting out-of-state sales could see enforcement of the economic nexus ruling ramp up in 2023. The $80 billion cash infusion the IRS recently received could cause a trickle-down effect of increased state-level sales and use tax audits, according to CPA Practice Advisor. Of particular […]
Litigation Financing Rises Alongside Economic Worries
Litigation financing has come a long way since being considered a bizarre bankrolling tool in cases like Hulk Hogan’s lawsuit against Gawker Media in 2016. In fact, the potential for ligation financing may only just be starting to take shape, particularly during times of economic uncertainty. “Having proven that it can grow through an economic […]
Steven Bankler Senior Partner Steven Bankler CPA Ltd. San Antonio, TX
As s a young man, Steven Bankler learned the value of record keepning. His family owned a series of local businesses where he learned much about finance and taxes. With an undeniable interest in taxes, it was only fitting that Steven became a successful certified public accountant and opened his own firm. [button link=”https://bankler.com/wp-content/uploads/2023/01/Bankler77-1.pdf” color=”black”] […]
Unsettling Real Estate Scams on the Rise
You’re on the verge of closing on the purchase of a new house when an email comes in from the agent. It includes instructions on how to wire your closing costs just as you anticipated. The timing is correct, and the email seems legitimate, so you don’t question it. You wire the funds and start […]
Form 1099-K Changes on Hold…For Now
Businesses and individuals who use digital platforms like Venmo, Paypal, and eBay were bracing for tax headaches as the tax reporting threshold was about to drop with the New Year’s ball to $600. That plan changed at the last moment. For months, the IRS had been warning early filers to wait for “key documents” that […]