IRS Delays Penalties on New Tip and Overtime Reporting Rules

3 months ago

The Treasury Department and IRS are giving employers extra time to comply with new payroll reporting rules created under the…

New Form 1099-K Threshold Under OBBBA

3 months ago

The IRS has clarified how Form 1099-K reporting will work moving forward. In new guidance released October 23, 2025 (IR-2025-107…

What to Do If the Government Terminates a Nonprofit Grant

3 months ago

Federal grants play a major role in how nonprofits serve the community. They fund programs in education, healthcare, research, housing,…

Ongoing Government Shutdown Impact on IRS

4 months ago

It’s been several weeks since the federal government shut down on October 1, 2025. Since then, many agencies have closed…

Government Shutdown Impact on Taxpayers and Businesses

4 months ago

The federal government shut down on October 1, 2025, after lawmakers couldn’t agree on a plan to fund operations for…

GENIUS Act Establishes New Rules for Stablecoins

5 months ago

The GENIUS Act, signed into law in July 2025, is the first federal law to regulate the payment of stablecoins.…

Treasury and IRS Finalize Regulations on Roth Catch-Up Contributions

5 months ago

The Treasury Department and the IRS have issued final regulations on catch-up contributions under the SECURE 2.0 Act. The regulations…

Georgia Sales & Use Tax Exemptions – Computer Equipment

5 months ago

Earlier this month, the Georgia Department of Revenue (DOR), issued an update to the sales & use tax exemption for…

OBBBA Tax Updates Impacting Independent Auto Dealers

5 months ago

The One Big Beautiful Bill Act (OBBBA), signed on July 4, 2025, makes several tax changes that affect independent auto…

Total Compensation Statements Bring Benefits into Focus

5 months ago

Employees often look first at their paycheck when they think about compensation. That makes sense, since salary and take-home pay…