Maximize Your 401(k) in 2025: Smart Strategies for a Secure RetirementJanuary 2, 2025Educational ArticlesSaving for retirement is a crucial financial goal and a 401(k) plan is one of the most effective tools for…Read More
Understanding the Work Opportunity Tax CreditDecember 31, 2024Educational ArticlesAccording to the U.S. Bureau of Labor Statistics, the unemployment rate continues to be historically low, ranging from 4.0% to…Read More
Will You Need to Report BOI? Here’s Where We AreDecember 30, 2024Educational ArticlesThe Corporate Transparency Act (CTA), enacted as an anti-money laundering measure, requires that US entities that existed before 2024 disclose…Read More
FinCEN Extends Beneficial Ownership Reporting Requirement Deadline for Certain Reporting CompaniesDecember 27, 2024Educational ArticlesIn light of a recent order by the Fifth Circuit released on December 23, 2024, reporting companies are once again…Read More
How Inflation Will Affect Your 2024 and 2025 Tax BillsDecember 4, 2024Educational ArticlesInflation can have a significant impact on federal tax breaks. While recent inflation has come down since its peak in…Read More
IRS Issues New Guidance on Transition Relief for Third-Party Settlement OrganizationsDecember 3, 2024Educational ArticlesOn November 26, 2024, IR-2024-299 was issued by IRS – this notice provides guidance on transition relief for third-party settlement…Read More
Unlocking the Mystery of Taxes on Employer-Issued Nonqualified Stock OptionsNovember 13, 2024Educational ArticlesEmployee stock options remain a potentially valuable asset for employees who receive them. For example, many Silicon Valley millionaires got…Read More
The Amount You and Your Employees Can Save for Retirement Is Going Up Slightly in 2025November 12, 2024Educational ArticlesHow much can you and your employees contribute to your 401(k)s or other retirement plans next year? In Notice 2024-80,…Read More
The IRS Wants Taxpayers to Get an IP PIN for the 2025 Tax SeasonNovember 7, 2024Educational ArticlesThe IRS issued a news release on Wednesday, October 23, that encouraged taxpayers to get an Identity Protection Personal Identification…Read More
The Nanny Tax: What Household Employers Need to KnowNovember 6, 2024Educational ArticlesHiring household help, whether you employ a nanny, housekeeper or gardener, can significantly ease the burden of childcare and daily…Read More
From Flights to Meals: A Guide to Business Travel Tax DeductionsNovember 4, 2024Educational ArticlesAs a business owner, you may travel to visit customers, attend conferences, check on vendors and for other purposes. Understanding…Read More
FinCEN Publishes BOI Reporting Outreach and Education ToolkitOctober 18, 2024Educational ArticlesThe U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued another resource to familiarize small business owners…Read More