News & Insights

The IRS Unveils ERTC Relief Program for Employers

Facebook Twitter LinkedIn Email

Since July 2023, the IRS has taken a series of actions in response to what it has termed a “flood of ineligible claims” for the Employee Retention Tax Credit (ERTC). Most […]

READ MORE

The Kiddie Tax Could Affect Your Children Until They’re Young Adults

Facebook Twitter LinkedIn Email

The so-called “kiddie tax” can cause some of a child’s unearned income to be taxed at the parent’s higher marginal federal income tax rates instead of at the usually much […]

READ MORE

Giving Gifts and Throwing Parties Can Help Show Gratitude and Provide Tax Breaks

Facebook Twitter LinkedIn Email

The holiday season is here. During this festive season, your business may want to show its gratitude to employees and customers by giving them gifts or hosting holiday parties. It’s […]

READ MORE

Businesses: Do You Have to Comply With the New Corporate Transparency Reporting Rules?

Facebook Twitter LinkedIn Email

Your business may soon have to meet new reporting requirements that take effect on January 1, 2024. Under the Corporate Transparency Act (CTA), enacted in 2021, certain companies will be required […]

READ MORE

IRS Delays New Reporting Rule for Online Payment Processors

Facebook Twitter LinkedIn Email

For the second consecutive year, the IRS has postponed implementation of a new rule that would have led to an estimated 44 million taxpayers receiving tax forms from payment apps and online […]

READ MORE

Recent Posts