Taxes

Business News

'These Steps Are Urgent': IRS Takes Action in Wake of Record-Breaking $688 Billion Tax Gap

The IRS disclosed a historic tax gap for the 2021 tax year, marking the largest-ever recorded shortfall in tax payments.

Taxes

Last Call for Tax Procrastinators: Don't Miss This Upcoming Tax Deadline or Expect to Pay These Penalties

If you filed for a six-month extension on your taxes, that deadline is approaching fast.

Business News

The IRS Is Using Artificial Intelligence to Catch Millionaires Dodging Taxes

Tax evasion cases had previously overwhelmed the agency. Now, the IRS is using AI to fight it.

News and Trends

FirstCry Founder Supam Maheshwari Probed For Alleged Tax Evasion Of $50 Million: Report

Supam Maheswari is also the CEO of Oi Playschool and is the founder of GlobalBees

Taxes

Tackle Taxes With This Prep and Deduction Bundle With Courses Just $2 Each

Get help with self-employed taxes with this informative bundle, now $29.99.

Business News

There's A New Trend In Healthcare That's Saving Money For Small Businesses

Health Reimbursement Accounts offer new (and more affordable) options for many.

Money & Finance

New Tax Credits for Small Retirement Plan Sponsors

Through these credits, a small employer may be able to adopt a plan and make employer contributions for very little cost.

Starting a Business

Here's the Best State to Start a Business — and the Worst, New Research Reveals

Deciding where to launch your next venture could be just as important as the idea itself.

Taxes

Want Taxes to Be Easy? Work on Them Year Round, Not Last Minute.

The way to make your annual taxes a good experience is to do your work now instead of waiting until right before they're due. Here's why.

Business News

These Are the U.S. Cities Where High-Earners Have the Most (And Least) Purchasing Power

Unsurprisingly, New York, Honolulu, and San Francisco are the three cities where high-earners lose most of their salary to taxes and living expenses. Here's where you can take home the most.

News and Trends

India to Lose 6,500 Millionaires in 2023 Due to Tax Terrorism, Complex Compliance & More

In terms of HNWI (high-networth individuals) outflows globally, India is now the second-largest country after China (a net loss of 13,500).

Legal

How You Structure Your Business to the IRS Can Affect More Than Your Tax Bill. Here's What You Need to Know.

From startup to going public, the business formation structure you choose affects your company in many ways, including how you file your taxes and how much you owe the IRS.

Taxes

6 Common Scenarios When You Might Need a Tax Attorney — and Why You Should Hire One Sooner Than Later

Taxes and tax law change on a regular basis. A tax attorney can help you navigate those complexities and ensure your business is prepared for the future.

News and Trends

Virtuzone Launches TaxGPT, An Artificial Intelligence-Powered UAE Corporate Tax Assistant

TaxGPT will help UAE-based businesses get answers about corporate tax based on online publications released by the Ministry of Finance and the Federal Tax Authority.

Taxes

Your Business May be Eligible For up to $26,000 Per Employee in Government ERC Program

Businesses hit hard by the pandemic are pocketing millions of dollars through this little-known program.