Failure to comply with the IRS; alarming debt levels; Sunshine State; and our other favorites from tax bloggers. Administrative Matters How far on a full charge? Tax: Electric vehicle charging is expanding rapidly, and so are the tax questions that come with it. Whether operators offer direct charging stations or offer an app and billing […]
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The Treasury Department’s Financial Crimes Enforcement Network released another alert Friday about fraudulent schemes targeting federal government aid programs, calling on financial institutions to monitor and report any suspicious activity. Administrative Matters FinCEN has noted that some fraud rings use theft and fraud, along with other techniques, to gain access to educational institutions and illegally […]
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As the Gulf crisis pushes up energy prices, there are fears that global economic growth will slow or stagnate, requiring policymakers to continue to manage the current economy without worsening public debt. Of course, many developed economies are already facing alarming levels of debt and will need strong growth, driven by innovation and growth, to […]
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Great American Holdings, a financial services company, today acquired Trampe Settles, a family law firm based in Dallas. Administrative Matters Trampe Settles provides business valuation, forensic accounting, due diligence and appraisal services in disputes involving closely held business values, private equity interests, and other financial assets in the context of marital dissolution. It also offers […]
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Retail prices make the target poor tax levyAn export tax is a tax imposed on a specific good or activity. Taxes are levied on cigarettes, soft drinks, soda, gasoline, insurance premiums, recreational activities, and gambling, and they usually make up a small and insignificant portion of state and local and, to a lesser extent, federal […]
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Sales taxSales tax is levied on the sale of goods and services and, in principle, should be applied to all final uses with few exceptions. Many governments exempt goods such as food; Broadening the base, such as including groceries, can lower costs. A sales tax should exclude business-to-business transactions that, when taxed, generate tax dollars. […]
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Root, an AI agent platform for recent accountants reached 1.15 billion US dollarslaunched a website dedicated to the accounting profession. Administrative Matters Shafin, Ode to Accountingwhich opened to the public on Thursday, includes love letters to accounting from accountants and other “people shaping the future of accounting” and allows visitors to submit their own love […]
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Charles Littlejohn, the former Internal Revenue Service contractor who leaked tax information about President Donald Trump and thousands of other wealthy Americans, has lost an appeal against his five-year prison sentence. Administrative Matters US Court of Appeals for the DC Circuit deny Littlejohn’s arguments, including that U.S. District Judge Ana Reyes made her decision when […]
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Shakira’s battle with Spain’s tax authorities will go to the country’s highest court after authorities challenged an earlier ruling that wiped out 55 million euros ($64 million) in claims against the singer. Administrative Matters Government lawyers filed the case to the Supreme Court on behalf of the tax authority, saying that the lower court erred […]
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IN wind in corporate profits for the nation’s largest banks have generated billions in additional tax revenue for New York City, while reducing the city’s budget deficit even though it is not nearly enough for the mayor. Zohran MamdaniDevelopment agenda. Administrative Matters Business tax revenue in June is about 50.9% higher than this month in […]
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