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Latest News & Web Pages
NYC mayor threatens property tax hike as last resort option
18+ min ago (731+ words) New York City Mayor Zohran Mamdani has thrown down an ultimatum, threatening to raise property taxes by nearly 10% as a way to lobby Governor Kathy Hochul for more funding." There's just one problem. Hochul " who is running for reelection in…...
34% of internal auditors unsure if they were targets of AI-enabled fraud
2+ hour, 7+ min ago (445+ words) AI-enabled fraud has become so sophisticated more than one-third of senior internal audit leaders aren't even sure whether or not their organizations have been the targets of any attempts, while almost one-fifth are aware of at least one instance." The…...
New Income Tax Rules: From PAN To Tax Benefits, Budget Announcements Kick In From April 1
7+ hour, 13+ min ago (266+ words) Similarly, the threshold for furnishing PAN for high-value spending at hotels, restaurants and functions has been increased. Earlier, PAN was required for bills above Rs 50,000. From April 1, 2026, PAN will be needed only when the bill exceeds Rs 1 lakh. The rules…...
Mamdani plans to hike NYC property tax
19+ hour, 5+ min ago (777+ words) New York City Mayor Zohran Mamdani is proposing raising New York City's property taxes for the first time in more than two decades and is looking to raid the city's reserve funds to fill a roughly $5 billion budget gap. "He's…...
Average refund up more than $200 as tax season opens
19+ hour, 52+ min ago (455+ words) Average tax refunds increased more than $200 in the first two weeks of filing season compared to the same time last year, as Republicans pin their midterm pitch to voters on delivering big tax savings. Impressions taxpayers form this filing season…...
In the blogs: Free-for-all
22+ hour ago (153+ words) Free File program; state tax changes; college costs climbing; and other highlights from our favorite tax bloggers. AI-enabled fraud has become so sophisticated more than one-third of senior internal audit leaders aren't even sure whether or not their organizations have…...
Don't get left behind on AI in the Year of the Fire Horse
23+ hour, 41+ min ago (948+ words) The Lunar New Year is upon us, and with it comes the Year of the Fire Horse, one of the most significant years in the 60-year Chinese zodiac cycle. The Fire Horse, orbing-wu (), combines two extraordinarily dynamic symbols: fire, representing…...
What is the best way to implement testing?
1+ day, 4+ hour ago (771+ words) There is nothing more mentally draining (to say nothing of expensive) than dealing with new hires who don't perform. Equally, you never forget rejecting a candidate only to see them thrive and succeed after being hired by a competitor!" Believe…...
Planning To Build A House? Here Is How Section 54F Can Help Save Capital Gains Tax
1+ day, 11+ hour ago (181+ words) Investors who are planning to sell their equities and mutual funds to build their own house can save taxes, as long as they follow the rules of the Income tax act. Under Section 54F, an individual or Hindu Undivided Family (HUF)…...
Tax-Saving Options In The New Tax Regime: A Detailed Guide
1+ day, 13+ hour ago (97+ words) Employer's Contribution to NPS (Section 80CCD(2)): The National Pension System (NPS) remains a powerful tax-saving tool under the new regime. While individual contributions to NPS do not qualify for deductions here, the employer's contribution continues to be deductible under Section 80CCD(2). Employers…...