To File or Not to File: Navigating BOI Reporting After the Texas Injunction
The landscape of compliance with the […]
The Amount You and Your Employees Can Save for Retirement is Going Up Slightly in 2025
How much can you and your employees contribute to your 401(k)s or other retirement plans next year? In Notice 2024-80, the IRS recently announced cost-of-living adjustments that […]
From Flights to Meals: A Guide to Business Travel Tax Deductions
As a business owner, you may travel to visit customers, attend conferences, check on vendors and for other purposes. Understanding which travel expenses are tax deductible can […]
How Can You Build a Golden Nest Egg If You’re Self-Employed?
If you own a small business with no employees (other than your spouse) and want to set up a retirement plan, consider a solo 401(k) plan. This […]
With Reporting Deadline Imminent, Court Puts BOI Reporting on Hold
In a groundbreaking decision, a federal […]
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 […]
