Understanding the Work Opportunity Tax Credit
According to the U.S. Bureau of Labor Statistics, the unemployment rate continues to be historically low, ranging from 4.0% to…
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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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…
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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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