The Internal Revenue Service is giving extra time to companies that make and sell sport fishing and archery equipment to file and pay their excise taxes due to the novel coronavirus pandemic.
In
Manufacturers and importers pay an excise tax on archery and fishing equipment. In an earlier notice from last month,
Federal sporting goods excise taxes apply to sport fishing equipment and bows and arrows. The taxes are reported on
The Public Company Accounting Oversight Board introduced two pieces of guidance to help auditing firms apply its new quality control standard.
The Internal Revenue Service extended its transition relief for the new Form 1099-K information reporting threshold.
A boutique accounting firm specializing in the restaurant industry has joined the Platform Business Advisors team.
The ASU clarifies how the existing guidance would apply to settlements of convertible debt instruments with cash conversion and other features that have become more prevalent.
A pending proposal from the Streamlined Sales Tax Governing Board would let businesses that haven't been remitting sales tax come in from the cold.
Entities that co-own clean energy projects can access clean energy tax credits through elective pay, according to the IRS.
