Will You Need to Report BOI? Here’s Where We Are
The Corporate Transparency Act (CTA), enacted as an anti-money laundering measure, requires that US entities that existed before 2024 disclose…
Read More At Burkett Burkett & Burkett Certified Public Accountants, P.A., we provide a full range of services to individuals, small and large businesses, professional firms, and governmental and non-profit entities.
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FinCEN Extends Beneficial Ownership Reporting Requirement Deadline for Certain Reporting Companies
In light of a recent order by the Fifth Circuit released on December 23, 2024, reporting companies are once again…
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How Inflation Will Affect Your 2024 and 2025 Tax Bills
Inflation can have a significant impact on federal tax breaks. While recent inflation has come down since its peak in…
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IRS Issues New Guidance on Transition Relief for Third-Party Settlement Organizations
On November 26, 2024, IR-2024-299 was issued by IRS – this notice provides guidance on transition relief for third-party settlement…
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Unlocking the Mystery of Taxes on Employer-Issued Nonqualified Stock Options
Employee stock options remain a potentially valuable asset for employees who receive them. For example, many Silicon Valley millionaires got…
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The Amount You and Your Employees Can Save for Retirement Is Going Up Slightly in 2025
How much can you and your employees contribute to your 401(k)s or other retirement plans next year? In Notice 2024-80,…
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