Industry News: Georgia May Start Taxing Digital Products in July

Georgia May Start Taxing Digital Products in July Lawmakers in Georgia are looking to extend the state’s sales and use tax to digital goods and services. If House Bill 594 is enacted as written, audiovisual works, electronic books, video games, and a host of other digital products and services would … Lawmakers in GeorgiaHouse Bill 594 … Read more

Industry News: Get Off the Hackers’ Hit List: Evolving Competencies for Finance Firms Today

Get Off the Hackers’ Hit List: Evolving Competencies for Finance Firms Today CPA practices, accounting firms and financial services organizations are increasingly wise to the ways of cybercriminals. They’re proactively partnering with IT and business leaders to take preventative action, mitigate risk and avoid costly breaches. Almost from the outset of the pandemic, financial services … Read more

Industry News: Cybersecurity requirements provide new opportunity for CPAs

Cybersecurity requirements provide new opportunity for CPAs CPAs have a new opportunity to act as third-party assessors of the cybersecurity maturity of U.S. defense contractors as they work to comply with new regulations that have been created to combat cyberthreats. CPAs currently providing System and Organization Controls (SOC) services, cybersecurity or IT security services, or … Read more

Industry News: Do you know what the IRS’s 10 Taxpayer Rights are?

Each and every taxpayer has a set of fundamental rights they should be aware of when dealing with the IRS. Explore your rights and our obligations to protect them. The Right to Be InformedThe Right to Quality ServiceThe Right to Pay No More than the Correct Amount of TaxThe Right to Challenge the IRS’s Position … Read more

Industry News: Do you know how an employer can claim the COVID-19-Related Employee Retention Credit?

This FAQ is not included in the Internal Revenue Bulletin, and therefore may not be relied upon as legal authority. This means that the information cannot be used to support a legal argument in a court case. 72. How does an Eligible Employer claim the Employee Retention Credit for qualified wages? Eligible Employers will report … Read more