The Rules on Business Travel
Are you working on this year’s tax return or planning for the future? Either way, you should know the rules on business travel tax deductions. According to the IRS, whether …
IRS Puts Brakes on ERC Processing
According to the IRS, a moratorium on processing of new ERC claims through year’s end will allow IRS to add more safeguards to prevent future abuse and to protect businesses …
State and Local Tax Issues Businesses Should Consider
State and local tax issues are a big part of a company’s tax liability. In fact, they are so impactful that a lot of companies actively decide to relocate to …
A New Look at SECURE Act 2.0 Issues
The SECURE Act 2.0 has a new provision that speaks to the nature of auto-enrollment for new 401(k) plans. All eligible hires will be required to enroll at a pretax …
Don’t Wait Until Q4: Start Year-End Business Planning in Q3
As we set sail into the third quarter (Q3), it is vital to steer your business’s financial ship with precision. Q3 business accounting planning is not just about maintenance; it’s …
What’s the Story on Gift Taxes?
No, the IRS is not imposing a tax on the sweater you gave to Uncle Arnold for Christmas or those Amazon gift cards you gave your nieces. The IRS only …