Business Group Asks FASB To Forgo Income Tax Disclosure Plan The Business Roundtablewroteto the Financial Accounting Standards Board (FASB), asking it to scale back a plan that would require businesses to include a detailed breakdown of the income taxes in their financial statements. The FASB rele...
Using Google Maps Timeline can help you keep an accurate and IRS-compliant mileage log. It’s essential to keep an accurate mileage log to claim tax deductions for business-related travel. The IRS requires that you maintain a record of the date, time, destination, and purpose of each ...
Today is Tax Day 2023, and for many Americans, that means it’s time to pay Uncle Sam. Despite their unpopularity, taxes are important because they help fund the public services we rely on—everything from healthcare to the military to highways. But have you ever wondered justhow muchof ...
Given the evolving nature of tax laws, staying informed of any changes or new opportunities is essential. While I don't have specific 2023 updates, the IRS or local tax authorities might issue new guidelines, interpretations, or clarifications. Therefore, always consult a tax professional who can...