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Can Malpractice Settlements Be Taxable?

(Accounting Web) - In a new court case, Blum, CA-9. No. 21-71113, 3/8/22, a taxpayer owed tax on a malpractice settlement even though the claim stemmed from a physical injury she suffered in a hospital setting.


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Tax Compliance Controversies on the Rise 
(Accounting Today) - Tax practitioners should be ready for increasing compliance and enforcement efforts by tax authorities. These abated somewhat due to the pandemic, but are now on the rise, according to observers.

Biden to Call for 3-month Suspension of Gas and Diesel Taxes 
(AP) - At issue is the 18.4 cents-a-gallon federal tax on gas and the 24.4 cents-a-gallon federal tax on diesel fuel. If the gas savings were fully passed along to consumers, people would save roughly 3.6% at the pump when prices are averaging about $5 a gallon nationwide.

The Four ‘Ps’ of a Successful Business Presentation 
(The CPA Journal) - Among the phrases that likely send shivers down the spines of many young CPAs is, “next week, you’ll have to make the presentation.” Rather than embracing the opportunity, too many CPAs dread the thought of delivering a presentation in front of a room full of eager listeners.

How to Create a Rule in Microsoft Outlook 
(How-to-Geek) - Using rules in Microsoft Outlook, you can automatically apply predefined actions to the emails that match the specified criteria in your account. This helps avoid manually filtering your emails and automates the process for you. We’ll show you two different ways to make rules in Outlook.

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That's why, since 2003, we've used the unprecedented power of the cloud to put you back in full control of your accounting and payroll services so you can best serve your clients, while raising your own firm's value and relevance. And we never sell our products or services directly to your clients.

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