October 13, 2021
The Social Security Administration recently announced the maximum amount of an individual's taxable earnings in 2022 subject to Social Security tax, as well as a cost-of-living adjustment.
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September 28, 2021
The Tennessee Department of Revenue recently issued Notice #21-18 regarding the procedure for sales and use tax refund requests made by a customer.
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September 28, 2021
A U.S. district court has ruled in favor of Tennessee Attorney General Herbert H. Slatery III and Kentucky Attorney General Daniel Cameron in their lawsuit to stop the Biden Administration from enforcing a tax mandate in the American Rescue Plan Act.
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September 16, 2021
In the wake of Tropical Depression Nicholas and Hurricane Ida, bipartisan legislation has been introduced in the U.S. Senate to allow the IRS to postpone tax filing deadlines when a state-level disaster declaration is issued.
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September 7, 2021
The U.S. Treasury Department and IRS recently issued Notice 2021-53, which provides guidance to employers about reporting on Form W-2 the amount of qualified sick and family leave wages paid to employees for leave taken in 2021.
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September 3, 2021
The coronavirus pandemic continues to cause many hardships to people everywhere, with CPAs and financial professionals being just as impacted. On Sept. 7-8, AICPA, TSCPA and several partner organizations are launching a social media campaign to encourage individuals to share their stories.
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August 27, 2021
Following the recent disaster declaration issued by FEMA, the IRS announced that Tennessee victims of Severe Storms and Flooding that occurred on Aug. 21, 2021, now have until Jan. 3, 2022, to file various individual and business tax returns and make tax payments.
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August 27, 2021
In March 2021, this credit was extended through Dec. 31, 2021, and expanded as part of the American Rescue Plan Act of 2021.
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August 12, 2021
The IRS recently issued Rev. Proc. 2021-34, which updates the list of accounting method changes to which automatic change procedures apply.
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August 10, 2021
The IRS recently issued Notice 2021-43, which provides transition relief to certain employers claiming the Work Opportunity Tax Credit.
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