Reaching Texas Franchise Tax Status
There’s a cost for success in Texas: The Franchise Tax. If your business is experiencing or planning rapid growth, don’t be caught unprepared when you reach the threshold. The Texas Comptroller considers the Texas Franchise Tax a “privilege” tax, meaning...
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IRS Increases Identity Protection Through Tax Professionals
The IRS recently announced increased security for the Centralized Authorization File (CAF) program and client transcript process used by tax professionals. A nine-digit CAF number is assigned to tax preparers as an extra layer of security when they are interacting...
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Tax Treatment of Employee Work/Life Referral Programs
Many workers today seek employers who prioritize mental health and wellness. Initiatives like employee work/life referral (WLR) programs are becoming popular ways to meet these expectations, and the IRS is entering the conversation with new guidance on how these types...
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Offshore Assets Reminder as Panama Papers Wrap Up
Few tax sagas reach the drama and intrigue that the Panama Papers have. The case is considered the granddaddy of offshore account data leaks and holds lessons for the uber-wealthy, yes, but also for the rest of us. The Panama Papers scandal erupted in April 2016,...
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Avoid These Latest Small Biz Tax Scams
It’s been a busy tax season for scammers bent on exploiting small businesses. Phishing campaigns that mention Employer Identification Numbers (EINs), tech support, and more are trying to lure you and your precious data to them. MalwareBytes has alerted small...
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