Can you write off the costs of your spouse when traveling for business?
As we transition to a post-pandemic market, business travel is getting back to normal. With the increase in travel frequency,...
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Business
02/13/2024
Charitable giving and substantiation – what you need to know for the 2023 tax season
Donating to charity can make you feel good and if you itemize on your tax return, can ease your tax...
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Tax
02/02/2024
Tax Relief for American Families and Workers Act of 2024 (TRAFA), H.R. 7024
The House passes the $79 billion tax package with overwhelming bipartisan support. This is NOT law yet. This was a...
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Business
02/01/2024
Your Guide to the 2024 Tax Filing Season: Important Deadlines and FAQs Answered
The IRS announced it opened the 2024 income tax return filing season on January 29. That’s when the tax agency...
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Tax
01/26/2024
Does your child have unearned income? If yes, they could be affected by kiddie tax rules
Unearned income usually refers to income in the form of interest, dividends, and capital gains. In the context of the...
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Tax
01/05/2024
2024 Changes to the “Nanny Tax” and How You Can Prepare
Do you employ a nanny, housekeeper, gardener, or other household employee who isn’t an independent contractor? If so, you may...
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Tax
12/21/2023
The IRS is piloting the use of a security self-mailer for IP PIN
Each year, the IRS issues CP01A notices that have a unique 6-digit IP PIN with instructions on how to use...
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Tax
12/21/2023
IRS Interest Rates Q4 (2023) and Q1 (2024)
The Internal Revenue Service announced that interest rates have increased for the calendar quarter beginning October 1 ,2023, resulting in...
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Tax
12/04/2023
2024 Inflation-Adjusted Tax Parameters for Small Businesses and Their Owners
The IRS recently announced various inflation-adjusted federal income tax amounts for 2024. Rates and Brackets If you run your...
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Business
11/20/2023
Gearing up for 1099 Filing Season: What you need to know about paying vendors via cash apps
The IRS is increasing the income reporting requirements on businesses, banks, and third-party settlement organizations (known as PSEs – Payment...
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Business
11/20/2023
Gearing up for 1099 Filing Season: Important Change to Form W-2, Series 1099 E-file Requirements
IRS lowers e-filing requirements for W-2 and series 1099 returns – most must e-file The IRS is utilizing technology more...
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Business
11/10/2023
Restricted Stock Awards and Taxes 101
Restricted stock awards are a popular way for companies to offer equity-oriented executive compensation (non-cash compensation offered to employees). Some...
