The Corporate Transparency Act (CTA) and its Beneficial Ownership Information (BOI) reporting requirements are facing legal and legislative challenges, leaving the filing deadlines uncertain. Find out what’s happening, what it means for your business, and how you can prepare for potential changes.
Every year, the Internal Revenue Service (IRS) announces cost-of-living adjustments that impact contribution limits for retirement plans, as well as various tax deductions, exclusions, exemptions, and thresholds. We look at some of the key adjustments for 2025.
Issuing 1099s might not be glamorous, but it’s essential for small business compliance. Learn the rules and how we can help you stay on track.
Divorce or separation brings many challenges, including deciding who gets to claim the kids on their taxes. From custodial parent rules to Form 8332 and tax credits, understanding the IRS guidelines is key to maximizing benefits and avoiding mistakes
How Safe Is Your Data? The FTC recently proposed a settlement with data broker Mobilewalla, accused of misusing location data to target consumers. Learn how to protect your privacy in an increasingly data-driven world.
The IRS is adjusting how it tracks online payments and e-commerce income, with significant changes to Form 1099-K thresholds. Starting in 2024, transactions totaling $5,000 or more will trigger a 1099-K form, with further reductions planned in the coming years.
Navigating the rules for meal expense deductions can be tricky, but understanding the 50% rule and its exceptions can help your business maximize deductions while staying compliant.
Estate planning isn’t just about creating a will—it’s about ensuring your wishes are honored. Discover why keeping your beneficiary designations current matters and how to avoid potential pitfalls in your estate plan.
New legislation is expanding options for workers to save for retirement, including larger contributions for older workers starting in 2025. Whether you’re just starting out or catching up after life’s financial hurdles, the key to a comfortable retirement is knowing your options and planning wisely.
From a couple returning their refund check out of gratitude to a man claiming his dog as a dependent, the world of taxes has its fair share of odd and entertaining stories. These humorous anecdotes highlight the creativity—and occasional missteps—of taxpayers over the years.
