The case for a New Revenue Service
The opportunity for tax pros in the IRS enforcement surge
The biggest check you can write to the IRS
Did you know there's a limit to the size of checks you can write to the IRS? It's $99,999,999.99. We discuss this little-known fact and other fascinating stories from the intersection of accounting, technology, and pop culture on Episode 372 of The Accounting Podcast.
New Survey Finds Accounting Teams Embrace Technology to Solve Hiring Challenges
Accountants are again taking a leadership role in their organizations with the adoption of cloud applications. According to FloQast’s new survey of accounting and finance professionals, 85 percent of respondents are facing increased challenges in hiring and retaining talent, and technology adoption is a key strategy in attracting and retaining talent.
The Classification of Bitcoin and Cryptocurrency by the IRS
IRS guidance is silent on which section of the tax code cryptocurrency falls into. This has major implications for the tax treatment of transactions involving Bitcoin. Read Craig Smalley's analysis on CPA Practice Advisor.
Starting out as a freelancer? Get an EIN, ASAP
When you work as a freelancer, employers who are on top of their accounting game will always ask you for a signed W-9 form before they pay you the first time. Most freelancers just use their Social Security number as their tax ID number on the W-9. This is a big mistake, unless you really, really trust the company you’re working for.