Tax
Tax News & IRS Insights for Accounting Professionals
Accounting Today delivers news and analysis for accounting and tax professionals on federal and state tax developments, IRS guidance,information reporting, and operational implications for practices and clients. Our coverage focuses on legislative and procedural shifts that tax practitioners must monitor in planning, compliance, and advisory contexts.
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Rep. Don Beyer, D-Virginia, introduced a bill to impose a 1,000% excise tax on manufacturers, importers or producers of assault weapons and high-capacity magazines in the wake of a string of mass shootings across the country.
June 15
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As with a theater production involving many different roles, a knowledgeable director is required for a winning performance.
June 15
McGuire Sponsel -
The fast food giant reached twin settlements as it seeks to end cases into allegations it unfairly shifted profits out of France to avoid paying more tax.
June 15
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Oil companies that record a profit margin better than 10% would face a proposed new federal surtax, as Democrats struggle to curb U.S. energy costs and broader inflation.
June 15
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A London council is investigating U.S.-themed candy stores for millions of pounds in tax evasion and has seized over half a million pounds in counterfeit chocolate bars and vapes.
June 15
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IRS statistics paint a picture of how small businesses were impacted by COVID-19 in 2020, and more.
June 14
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The 2018 case prompted many states to begin requiring remote sellers to collect sales taxes, but with inflation at a 40-year high, some are offering sales tax holidays and other relief.
June 14
