There has been an ongoing discussion between the IRS, Congress, and the AICPA regarding the millions of businesses that have been a target of tax credit companies trying to help them claim the employee retention tax credit. There is a … Continue reading
News & Articles
Taxing Cow Farts to Combat Climate Change
Last week, the New Zealand Government proposed a tax on farm animals’ greenhouse gas emissions. This is part of New Zealand’s effort to reduce the pollution of these animals, which is ultimately contributing to climate change.… Continue reading
CVS Will Pay the Pink Tax – Lowers Prices on Feminine Hygiene Products
Last week, the pharmacy giant CVS lowered its prices for there store-branded feminine hygiene products. Every CVS store in the country has recently done this, and some are beginning to pay the sales taxes on tampons, and other menstrual products … Continue reading
Social Security Benefits Increase 8.7%, Highest Increase Since ‘81
The Social Security Administration (SSA) announced on Thursday that social security benefits will jump to 8.7% for 2023, which would be the largest increase in over 30 years. This comes at a time when inflation has been rising at astounding … Continue reading
Miami Dolphins Receiver Tyreek Hill, Chose Florida over New York to Lower His State Tax Payments, and He Isn’t the Only One
Over the summer, Former Kansas City Chiefs Wide Receiver, Tyreek Hill was traded to the Miami Dolphins and proceeded to sign a $120 million deal with the team. He was extremely close to a deal with the New York … Continue reading
Gas Tax Revenue Continues to Fall, More States May Tax EV Mileage
It’s no secret the country has been buying and using more and more electric vehicles over the last few years. The increased popularity of hybrid and electric vehicles alike is taking a serious toll on the tax revenue collected across … Continue reading
Scammers and Frauds Increasing on Zelle, A New Report Shows
Zelle Is a payment service similar to others like Venmo and PayPal, where it allows users to digitally transfer money. Recently the Office of Senator Elizabeth Warren released a report outlining more and more instances of fraud and scams that … Continue reading
Former IRS Workers Accused of Defrauding Federal Covid Loans
The U.S. Department of Justice announced on Tuesday that five former IRS employees from the mid-south have been accused of defrauding numerous federal COVID-19 relief programs. Multiple court documents showed that several employees obtained funds under the Paycheck Protection Program … Continue reading
U.S. Senator Introduces Bills to Help Prevent IRS Overreach after the IRS’s Expansion
Kansas State Senator Roger Marshall has recently introduced a bill called “ The Preventing Frivolous Actions by IRS Agents Act”. The goal of this legislation is to compensate U.S. taxpayers who are incorrectly targeted by a failed IRS audit. … Continue reading
Kim Kardashian Ordered to Pay $1.26 million to the SEC After Crypto Touting Allegations
Celebrity Kim Kardashian has settled to pay approximately $1.3 million to the Security Exchange Commission(SEC) after allegations that she touted a cryptocurrency token on social media without disclosing that she was paid for this promotion. This is against The United … Continue reading