With most states now offering entity level PTE taxes as a workaround for federal limits on deductions for state and local tax (SALT) payments for individuals, i...
Spotlight: The One Big Beautiful Bill Act
Learn how the One Big Beautiful Bill Act impacts businesses and accounting practices. Explore insights, resources, and expert analysis on this important legislation.
Answers to Common Payroll Questions
Jan 30, 2024Understanding the payroll tax rules can be challenging when your company hires workers or the personal situations of existing employees change. Employers often ...
7 Tasks For a Successful Nonprofit Finance Committee
Jan 29, 2024A nonprofit’s finance committee oversees and keeps its board of directors apprised of the organization’s overall financial health. This should be mo...
Annual Action Required for Schedules K-2 and K-3
Jan 17, 2024The IRS released two new schedules in recent years, Schedules K-2 and K-3. These new schedules are an expanded reporting requirement intended to provide more cl...
New Voluntary Disclosure Program for Employers that Filed Dubious ERC Claims
Jan 16, 2024As part of its continuing fight against questionable Employee Retention Credit (ERC) claims, the IRS recently announced a voluntary disclosure program for emplo...
Change Order Management: Best Practices for Construction Businesses
Jan 16, 2024As you know, change orders are an inherent part of the construction industry. Alterations to the original design, specifications, execution methods or scope of ...
New Threshold for Filing Electronic Information Returns Kicked In Jan. 1
Jan 15, 2024If your business files 10 or more information returns, you must now file them electronically. This is a significant rule change that went into effect on January...
Unlock Tax Savings for Your Business – Work Opportunity Tax Credit (WOTC)
Jan 03, 2024As we turn the page to a new tax year, now is the time to start planning for tax savings opportunities for tax year 2024. The Work Opportunity Tax Credit (WOTC)...
IRS Delays $600 Form 1099-K Reporting Threshold
Jan 03, 2024Businesses and individuals concerned about the confusing 1099-K reporting requirements can breathe a sigh of relief: On November 21, 2023, the IRS announced tha...
Pay Attention To These 6 Tax-related Items in 2024
Jan 02, 2024What’s the tax outlook for manufacturers as 2024 begins? While certain provisions of the Tax Cuts and Jobs Act (TCJA) begin to phase out, other tax laws, ...