Fuel tax credits and IRS warning letters about frivolous filings
IRS warnings about fuel tax credits require urgent response as businesses must provide proof or risk costly penalties.
Pennsylvania bus owner pleads guilty to tax evasion
A Pennsylvania school transportation business owner has pleaded guilty to tax evasion.
Brian Propst, 51, of Greenfield Township, Pennsylvania, pleaded guilty before the U.S. District…
Reporting PPP forgiveness for income taxes
With all this talk about forgiveness, you would think we all did something wrong. That is certainly not the case! Thankfully, most of you who…
IRS lowers 1099-K reporting threshold for Venmo, other apps
If your business receives funds through Venmo, Cash App, PayPal or similar payment processors, you should be aware that the reporting requirements have been lowered.
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Everything you need to know about filing 1099s for your business
The New Year brings your business fresh opportunities. It also demands annual compliance and information reporting. January requires your accounting department to prepare a handful…
House Members seek tax exemption for CERTS funds
Washington – The motorcoach industry took a major step forward this week when four U.S. House Members led a bipartisan effort to exempt grants under…