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It’s possible (but not easy) to claim a medical expense tax deduction

January 9, 2024

It’s Possible To Claim A Medical Expense Tax Deduction

Out-of-pocket medical expenses can cost you a bundle. Can you deduct these expenses on your tax return? The requirements and …

Businesses: Do you have to comply with the new corporate transparency reporting rules?

December 20, 2023

Do You Have To Comply With The New Corporate Transparency Reporting Rules?

The new corporate transparency reporting rules are complex, but failing to comply with them can be costly to businesses.

IRS delays new reporting rule for online payment processors

November 30, 2023

IRS Delays Reporting Rule For Online Payment Processors

The IRS is delaying the $600 Form 1099-K reporting threshold for third-party settlement organizations for the 2023 tax year.

Smaller companies: Explore pooled employer plans for retirement benefits

November 28, 2023

Explore Pooled Employer Plans for Retirement Benefits

Business owners: If your company isn’t quite ready to sponsor its own retirement plan for employees, a pooled employer plan …

5 strategies to cut your company’s 2023 tax bill

November 17, 2023

5 Strategies To Cut Your Company’s 2023 Tax Bill

Making time for year-end tax planning time now may prove beneficial come tax-filing time next year.

The 2024 cost-of-living adjustment numbers have been released: How do they affect your year-end tax planning?

November 16, 2023

The 2024 Cost-of-Living Adjustment Numbers Have Been Released

Take these 2024 cost-of-living adjustments into consideration as you work on your year-end tax planning.

Take action now to reduce your 2023 income tax bill

November 9, 2023

Take Action Now To Reduce Your 2023 Income Tax Bill

Concerned about your 2023 tax liability? Consider these year-end tax planning strategies.

IRS offers a withdrawal option to businesses that claimed ERTCs

October 26, 2023

IRS Offers a Withdrawal Option to Businesses That Claimed ERTCs

The IRS has created a path that businesses can use to withdraw unprocessed ERTC claims if they determine the claims …

Facing a future emergency? Two new tax provisions may soon provide relief

October 25, 2023

Facing a Future Emergency? Two New Tax Provisions May Soon Provide Relief

Starting next year, employers with certain retirement plans can allow staff members to contribute to pension-linked emergency savings accounts. Here’s …

Casualty loss tax deductions may help disaster victims in certain cases

October 4, 2023

Casualty Loss Tax Deductions May Help Disaster Victims In Certain Cases

Through 2025, the rules for deducting personal casualty losses on a tax return changed from what they were before 2018. …

IRS suspends processing of ERTC claims

September 20, 2023

IRS Suspends Processing of ERTC Claims

With fraudulent Employee Retention Tax Credit claims on the rise, the IRS has suspended claim processing through year end.

IRS issues guidance on new retirement catch-up contribution rules

September 8, 2023

IRS Guidance on Retirement Catch-Up Contribution Rules

The SECURE 2.0 Act’s new retirement catch-up contribution rules caused problems and confusion for employers and employees alike. The IRS …

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