Tax compliance solutions provider Vertex announced it is partnering with e-commerce software company Mirakl, hailing the certified integration of Vertex® O Series® and the Mirakl Marketplace Platform. The partnership means those using Mirakl’s platform will be able to automate the update of tax rates and rules, as well as determine and calculate of sales, seller … Read more
IRS Commissioner Daniel Werfel testifies before the Senate Finance Committee on April 19, 2023. Chip Somodevilla | Getty Images IRS scrutiny of the employee retention credit The plan is part of the agency’s elevated focus on employee retention credit claims, according to April Walker, lead manager for tax practice and ethics with the American Institute … Read more
The IRS has unveiled plans to offer digital correspondence for the 2024 season and aims to offer “paperless processing” for tax returns in 2025. It’s expected the plan will eliminate up to 200 million pieces of paper every year, slash processing times by half and speed up refunds by several weeks. “This is truly a … Read more