In order to prevent identity theft and other forms of fraud, the Internal Revenue Service routinely locks the accounts of deceased taxpayers. Recently, the agency has also developed an indicator that automatically locks the accounts of millions of … Continue reading
News & Articles
ESPN & Penn National Strike Major Deal & Dave Portnoy Buys Back Barstool
Earlier this week, Barstool Sports founder Dave Portnoy announced that he bought back his pop culture and media company from Penn National Gaming. After purchasing 100% of Barstool Sports in February of 2023, Penn has decided to part ways with … Continue reading
Mama Mia! Italy Stuns Banks With 40% Windfall Tax in 2023
In what is considered to be a surprise blow, Italy has surprised the entirety of Europe by setting a one-off 40% tax on profits that were gained from rising interest rates. Italian banks were shocked by the news, to … Continue reading
IRS Beginning Paperless Processing Initiative
Within the next two years, the IRS plans on processing every tax correspondence, notice response, and non-tax form digitally as opposed to on paper. This is an effort to reduce the amount of paper that has ultimately cost the agency … Continue reading
Clean Energy Tax Credits – How to Maximize the Benefits
When the Inflation Reduction Act was passed in 2022, the Internal Revenue Service set new regulations that ultimately allow a wider range of entities to fully take advantage of the clean energy tax credits. This article will break down who … Continue reading
Bed Bath & Back From Bankruptcy
About a month ago, a company known as Overstock.com announced that it had bought Bed Bath & Beyond and planned to bring the once titan of a company out of bankruptcy. Now as of last week, Overstock.com has officially republished … Continue reading
Maintaining a High Workplace Morale – DSJ Breakdown
The shift in the overall attitude of the United States workforce is a trend that is being seen by business owners all over the country. With terms such as “quiet quitting” becoming mainstream, it is important that business owners do … Continue reading
NY and California Lost More Income Tax Than Any Other State This Year
A new study that was conducted by an online real estate portal known as MyEListing.com has revealed that California and New York lost more income tax than any other states in the country. One of the main reasons for this … Continue reading
Why Aren’t College Students Studying Accounting? DSJ Breakdown
When it comes to college students studying accounting and planning to obtain their CPA, that number is dwindling year after year. According to the experts on this topic, this is not because the future workforce doesn’t see value in a … Continue reading
The Auditing Industry is in a “Completely Unacceptable State”
When it comes to auditing, CEOs of Fortune 500 companies and beyond rely on accounting firms to verify their finances. These CEOs are expecting accurate snapshots of their business that can be published and viewed by shareholders and the rest … Continue reading