Jan 19, 2024 | News and Alerts
Since July 2023, the IRS has taken a series of actions in response to what it has termed a “flood of ineligible claims” for the Employee Retention Tax Credit (ERTC). Most recently, it launched a Voluntary Disclosure Program (VDP). The program presents a valuable, but... continue reading »
Jan 17, 2024 | News and Alerts
Does your business file 10 or more information returns with the IRS? If so, you must now file them electronically. This is a significant rule change that went into effect on January 1, 2024, for 2023 tax year information returns. The threshold for electronically... continue reading »
Dec 20, 2023 | News and Alerts
Beginning January 1, 2024, most businesses will be required to report new information on the individuals who directly or indirectly control the company, including its owners, officers and controlling persons. The Corporate Transparency Act, enacted by Congress in... continue reading »
Dec 12, 2023 | News and Alerts
For the second consecutive year, the IRS has postponed implementation of a new rule that would have led to an estimated 44 million taxpayers receiving tax forms from payment apps and online marketplaces such as Venmo and eBay. While the delay should spare... continue reading »
Nov 30, 2023 | News and Alerts
As another year ends with interest rates and markets in flux, one thing remains certain: Reducing your company’s tax bill can improve your cash flow and your bottom line. Below are five strategies — including some tried-and-true and others particularly timely — that... continue reading »
Nov 17, 2023 | News and Alerts
The IRS recently issued its 2024 cost-of-living adjustments for more than 60 tax provisions. With inflation moderating slightly this year over last, many amounts will increase over 2023 amounts but not as much as in the previous year. As you implement 2023 year-end... continue reading »