Do you intend to retire soon? If so, you'll immediately notice changes in your way of life and your income sources, which could significantly impact your taxes.Here’s a brief rundown...... Read More
One way to attract, retain and motivate employees is to provide education fringe benefits so that team members can improve their skills and gain additional knowledge. An employee can receive,...... Read More
With the Internal Revenue Service making substantial progress in the ongoing effort related to the Employee Retention Credit claims, Commissioner Danny Werfel said the agency has entered a new phase...... Read More
Private businesses can sigh with relief: The Private Company Council and the Financial Accounting Standards Board (FASB) have decided to forgo voting on an upcoming proposal that, if adopted, would...... Read More
If you’re a crypto investor or user, you may have noticed something new on your tax return this year. And you may soon notice a new form reporting requirements for...... Read More
If you’re the owner of an incorporated business, you know there’s a tax advantage to taking money out of a C corporation as compensation rather than as dividends. The reason:...... Read More
Businesses and tax-exempt organizations should watch out for telltale signs of misleading claims involving the Employee Retention Credit. Scammers and unscrupulous promoters continue to run aggressive broadcast advertising, direct mail solicitations...... Read More
The COVID-19 epidemic, geopolitical unpredictability, increased expenses, and declining customer confidence have all upset traditional business strategies in a number of industries. The amended accounting guidelines for disclosing discontinued activities...... Read More
The IRS’s interest in cryptocurrency has increased. In 2021, for example, the agency launched Operation Hidden Treasure to root out taxpayers who don’t report income from cryptocurrency transactions on their...... Read More
Under tax law, to claim deductions, you must meet certain requirements for out-of-town business travel within the United States. The rules apply if the business conducted reasonably requires an overnight...... Read More
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