As tax season approaches, accounting firms are short on staff

Feb 7, 2023
And maybe a branding problem, too.
"Nobody thinks about the accountants," said Adrienne Gonzales, editor for the accounting blog "Going Concern." "They think about the accountants on April 15 when taxes are due. But there’s this whole network that is the engine of the economy."
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Red Texas is flush, blue California has a deficit, but it's more about economics than politics

Jan 11, 2023
Fewer tech millionaires were minted in 2022, hurting California's bottom line, while in Texas, the oil and gas industry boomed.
"Because [California is] a heavy tech economy, it means tech has a disproportionate impact on the state’s revenues," said Chris Hoene at the California Budget & Policy Center. 
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Are marshmallows candy? It's a sticky question for state sales taxes

Nov 22, 2022
Most states don't tax groceries. But the treat used in candied yams and s'mores tests the definition.
Marshmallows — the roastable, toastable sweet — are taxed differently depending on a state's definition of candy.
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Where do your donations at the checkout register go? 

Sep 30, 2022
When you’re done shopping, stores will often ask if you’d like to contribute to charity. You may get a tax benefit, and they may acquire some goodwill.
Companies can't deduct your donations from their taxes, but their good deeds may increase customer loyalty.
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The IRS aims to improve customer service by hiring 5,000 additional workers

Sep 15, 2022
The agency's budget has been shrinking, its workforce is aging, and it's been saddled with new responsibilities.
Treasury Secretary Janet Yellen tours a new technology workspace at the Internal Revenue Service on Sep. 15. The agency is receiving $80 billion to upgrade technology and hire more staff.
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Millions of college students are eligible for tax credits. But they have to file for them.

Apr 14, 2022
Students may be entitled to additional money if they're not claimed as dependents.
Students at the University of California, Berkeley. College students may be entitled to tax benefits and pandemic relief payments.
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For public good, not for profit.

"Patriotic Millionaires" in the U.K. call for higher taxes … on themselves

Apr 5, 2022
The group of wealthy individuals say they would be happy to pay a lot more in taxes to ease the burden on the poor and the middle classes.
As the United Kingdom grapples with high inflation, a group of millionaires is volunteering to take a bump in taxes.
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Biden proposes minimum 20% tax on wealthiest American households

Mar 29, 2022
The plan would affect households that have more than $100 million in net worth.
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Tax deadline fast approaching: Is the IRS ready?

Mar 25, 2022
It's still working through backlogs from previous couple of years.
Some people still haven’t gotten their 2020 tax refunds.
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