News

The District of Columbia Office of Tax and Revenue (OTR) is hosting a webinar on the new online tax filing and payment process for Cigarettes and Other Tobacco Products on  Wednesday, October 24 from 1:00 p.m. to 3:00 p.m. ET .   Effective...

Changes are coming to the Personal Property tax filing process! Effective   October 29, 2018 , all individuals, corporations, partnerships, executors, administrators, guardians, receivers, and trustees that own or hold personal property in trust...

The District of Columbia Office of Tax and Revenue (OTR) is making changes to its  Alcohol Beverage tax filing process.  Effective   October 29, 2018 , all licensed wholesalers in the District of Columbia, who sell alcoholic beverages, will be...

The medical marijuana dispensary owner-operator in Oregon was sentenced to seven months in prison last month, in what appears to be the first federal sentencing of a legal cannabis business owner for tax crimes. Price, a co-owner of Cannabliss...

A newly released international auditing standard for auditing accounting estimates and related disclosures is designed to help auditors keep pace with changes in accounting standards for loan provisions and insurance contracts. The International...

The IRS issued guidance clarifying that taxpayers may generally continue to deduct 50% of the food and beverage expenses associated with operating their trade or business, despite changes to the meal and entertainment expense deduction under Sec....

Business taxpayers who placed qualifying property in service during 2017 but haven’t claimed the new 100-percent depreciation deduction are running out of time to file the election with the IRS. Individuals and calendar-year corporations...

The District of Columbia Office of Tax and Revenue (OTR) is hosting a webinar on the new online tax filing and payment process for Motor Fuel Tax on  Monday, October 15 from 9:00 a.m. to 11:00 a.m. ET .     Effective October 29, all importers who...

GASB issued separate proposals Friday that are designed to deliver targeted improvements to the financial reporting model and advance new concepts to guide the board in developing standards on recognition in state and local government financial...