Planning Ahead for 2024: Should Your 401(k) Help Employees with Emergencies?
The SECURE 2.0 law, which was enacted last year, contains wide-ranging changes to retirement plans. One provision in the law is that eligible employers will soon be […]
Can You Deduct Student Loan Interest on your Tax Return?
The federal student loan “pause” came to an end on August 31 after more than three years. If you have student loan debt, […]
Receive More than $10,000 in Cash at your Business? Here’s What You Must Do
Does your business receive large amounts of cash or cash equivalents? If so, you’re generally required to report these transactions to the IRS […]
Chapter 11: How Business Valuators Can Help Companies Reorganize
Most people equate business bankruptcy with liquidating a company’s assets and using the proceeds to repay creditors. That’s a Chapter 7 filing under the U.S. Bankruptcy Code, […]
IRS Orders Immediate Stop to New Employee Retention Tax Credit Processing
As appearing in IRS IR-2023-169
To protect taxpayers from scams, IRS orders immediate stop to new Employee Retention Tax Credit […]
Cash Payments Over $10,000 Must Be Reported Online Beginning 1/1/2024
As reported in IRS News Release IR-2023-157
The Internal Revenue Service announced that starting 1/1/2024, businesses are required to electronically file […]
Pocket a Tax Break for Making Energy-Efficient Home Improvements
An estimated 190 million Americans have recently been under heat advisory alerts, according to the National Weather Service. That may have spurred you to think about making […]
The Advantages of Using an LLC for your Small Business
If you operate your small business as a sole proprietorship, you may have thought about forming a limited liability company (LLC) to protect […]
Protecting Your Business While Using AI
Have you ever wondered whether the photo or video you’re viewing, the audio you’re listening to or the article you’re reading is real? Artificial intelligence (AI) can […]
Moving Mom or Dad into a Nursing Home? 5 Potential Tax Implications
More than a million Americans live in nursing homes, according to various reports. If you have a parent entering one, you’re probably not […]
