2023 Time-of-Sale Report Submission Deadline Extended

1 year ago

Last month, the IRS announced a second reporting deadline extension for auto dealerships that sold eligible electric and other clean…

IRS Issues Guidance on Emergency Savings Accounts

1 year ago

The SECURE Act 2.0 passed into law in December 2022 calls for several updates to plan operations. Due to the…

DOL Issues Final Rule on Worker Classification

1 year ago

There has long been concern that workers have been improperly classified as independent contractors to avoid required pay minimums, insurance…

IRS Announces ERTC Voluntary Disclosure Program

1 year ago

For those companies that had already received payment, the IRS indicated there would be a voluntary disclosure program to help.…

DOL Releases 2023 Audit Quality Study

1 year ago

Over the past decade, the Department of Labor (DOL) has expressed growing concern about the quality of employee benefit plan…

BOI Reporting and Final Rule Updates from FinCEN

1 year ago

Starting in 2024, many businesses will be required to report certain information about company ownership to the Financial Crimes Enforcement…

IRS Announces Another 1099-K Reporting Delay

1 year ago

axpayers who receive payments through providers such as PayPal, Venmo, and Etsy will be happy to learn the IRS has…

IRS Expands Employee Retention Credit Enforcement

1 year ago

Earlier this week, in IR-2023-230, the IRS provided additional details on the results of enhanced enforcement efforts. Specifically, there will…

2023 Year End Tax Planning for Individuals

1 year ago

As the closing weeks of the year quickly approaches, there are many steps that individuals and families can take to…

Corporate Transparency Act: 2024 Reporting Requirements

1 year ago

The Corporate Transparency Act (CTA) was passed to enhance financial transparency and counter illicit financial activities, including terrorist financing and…