In 2025, the Social Security Wage Base is Going Up
As we approach 2025, changes are coming to the Social Security wage base. The Social Security Administration recently announced that the wage base for computing Social Security […]
Reminder That Initial BOI Reporting for Pre-1/1/24 Entities is Due 1/1/25
In 2021, Congress passed the Corporate Transparency Act (CTA). The CTA requires many entities doing business in the US to report information about the individuals who ultimately […]
How Your Business Can Prepare For and Respond to an IRS Audit
The IRS has been increasing its audit efforts, focusing on large businesses and high-income individuals. By 2026, it plans to nearly triple its audit rates for large […]
Why Am I Being Audited and How Does the IRS Conduct Them?
As appearing at the IRS web page entitled “IRS Audits”.
An IRS audit is a review/examination of an organization’s […]
IRS Accelerates Work on Employee Retention Tax Credit Claims
As Reported via IR-2024-263 on 10/10/2024
The Internal Revenue Service announced on 10/10/2024 continued progress on Employee Retention Tax Credit claims, with processing […]
Advantages of Keeping Your Business Separate From Its Real Estate
Does your business require real estate for its operations? Or do you hold property titled under your business’s name? It might be worth […]
Does Your Business Need to Report Employee Health Coverage?
Employee health coverage is a significant part of many companies’ benefits packages. However, the administrative responsibilities that accompany offering health insurance can be complex. One crucial aspect […]
Treasury, IRS Issue Additional Guidance on the Alternative Fuel Vehicle Refueling Property Credit
As reported via IR-2024-240 on 9/18/2024
The Department of Treasury and Internal Revenue Service issued
2024 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2024. Keep in mind that this list isn’t all-inclusive, […]
Help Ensure Your Partnership or LLC Complies with Tax Law
When drafting partnership and LLC operating agreements, various tax issues must be addressed. This is also true of multi-member LLCs that are treated as partnerships for tax […]
