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Tax Season Best Practices to Avoid Identity Fraud – 2023

CPA Practice

The latest IDology Consumer Digital Identity Study shows that 68 percent of consumers surveyed prioritize the security of the onboarding process as the most crucial factor when opening new accounts online. In 2023, these efforts should teach people: Phishing scam trends.

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Tax Changes for Payment Apps: What Small Business Owners Need to Know

xendoo

The new requirement went into effect on January 1, 2022, and will apply to 2022 taxes , which will be filed in 2023. . The good news is that this does not mean that business owners now owe additional taxes. The use of Form 1099-K is only a reporting method and an update to the threshold in existing tax laws. .