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FTC finalizes broad ban on noncompete agreements

FTC finalizes broad ban on noncompete agreements

A new FTC ruling has made noncompete agreements unenforceable for most employees, with the aim of fostering competition and job mobility. The implications of this rule for businesses and employees are far-reaching, drawing both support and criticism. Learn about the ruling and its potential impact on your business in this article.
2024 Update: waiver of RMDs for inherited IRA beneficiaries

2024 Update: waiver of RMDs for inherited IRA beneficiaries

The IRS's latest notice suspends RMDs for some inherited IRAs in 2024, offering beneficiaries a financial breather. Find out if you qualify for this waiver and how it affects your tax obligations.
Planning to downsize? Three tax considerations for retirees

Planning to downsize? Three tax considerations for retirees

Downsizing in retirement isn't just about reducing living expenses—it can also be a strategic move toward financial security. Understand how your home's appreciation impacts your taxes and discover strategies to reduce your tax burden.
The CTA ruling: implications for beneficial ownership reporting in the wake of legal challenges

The CTA ruling: implications for beneficial ownership reporting in the wake of legal challenges

The U.S. District Court for the Northern District of Alabama recently ruled that the Corporate Transparency Act exceeded Congress's legislative powers listed in the Constitution. Learn about the ruling and how this might affect the reporting requirements for your business.
Financial reset: strategizing for a prosperous year ahead

Financial reset: strategizing for a prosperous year ahead

Set your financial targets for the year with this comprehensive guide that uses the SMART framework. Learn about strategies for debt repayment, evaluating your emergency fund, and early tax planning. If you need more guidance, our office is ready to provide personalized advice.
Building sustainable wealth: 5 key considerations for emerging high earners

Building sustainable wealth: 5 key considerations for emerging high earners

Get valuable insights on how to build sustainable wealth as an emerging high-earner. This article dives deep into managing lifestyle creep, understanding income tax, and making tax-efficient investments. Learn how to leverage everyday expenses to lower your tax bill and preserve wealth.
Rollout of the IRS’s $1 billion penalty relief program

Rollout of the IRS’s $1 billion penalty relief program

The IRS is offering a penalty relief program to taxpayers affected by its operational difficulties during the pandemic. Find out if you qualify for this program that is expected to impact around 5 million tax returns.
From partnerships to side gigs, who really owes self-employment taxes?

From partnerships to side gigs, who really owes self-employment taxes?

Explore the impact of a recent legal shift that broadens the scope of self-employment taxes, including limited partners and gig workers. Learn how everyday activities could land you in the self-employment tax bracket and how to avoid potential penalties.
Self-employed? Here’s how to pick between a SEP IRA and Solo 401(k) for your retirement

Self-employed? Here’s how to pick between a SEP IRA and Solo 401(k) for your retirement

Explore two popular retirement plans, SEP IRA and Solo 401(k), for the self-employed in this overview, focusing on their benefits, drawbacks, and the strategic considerations for choosing between them. Learn about higher contribution limits, flexibility, and tax advantages these plans offer. Get insight into which plan best fits your retirement goals and business structure.
Financial analysis of leasing vs. purchasing a vehicle

Financial analysis of leasing vs. purchasing a vehicle

Understanding the financial differences between leasing and purchasing a vehicle can save you a significant amount of money. This article provides a detailed breakdown to help you make an informed decision.
Early retirement withdrawals: avoiding the 10% penalty

Early retirement withdrawals: avoiding the 10% penalty

Uncover potential circumstances under which you can tap into your retirement savings early without facing hefty penalties. From qualifying plan specifics to the latest updates in IRA rules, this article is your go-to resource for penalty-free withdrawal strategies.
IRS announces 2024 standard mileage rates

IRS announces 2024 standard mileage rates

The IRS has announced the 2024 Standard Mileage Rates. Understand how these rates will affect your deductions for business, medical, moving, or charitable driving expenses. Explore this article to stay informed and plan ahead for your 2024 tax returns.
New IRS Regulations Increase Electronic Filing Requirements For Forms W-2 and 1099

New IRS Regulations Increase Electronic Filing Requirements For Forms W-2 and 1099

The IRS has released new regulations expanding mandatory electronic filing requirements, affecting businesses and individuals filing 10 or more returns annually and streamlining the tax filing process. The Information Returns Intake System (IRIS) aids in this transition, offering error detection and an easy platform for uploading and editing forms. Failure to comply with these electronic requirements could result in penalties, underscoring the need to familiarize with the new regulations.
Corporate Transparency Act/Beneficial Ownership Information Reporting

Corporate Transparency Act/Beneficial Ownership Information Reporting

“Explore how the Corporate Transparency Act reshapes the landscape of beneficial ownership reporting. Uncover the implications and obligations your firm may face with this new regulation. Don’t miss out on this comprehensive guide to staying compliant and ahead of the curve.”
Tax, Retirement, and Social Security changes for 2024

Tax, Retirement, and Social Security changes for 2024

Are you prepared for the tax, retirement, and Social Security changes coming in 2024? Stay ahead with our expert insights and start planning your financial strategies today.
IRS declares a moratorium on processing new employee retention credit claims

IRS declares a moratorium on processing new employee retention credit claims

IRS declares immediate moratorium on processing new claims for Employee Retention Credit due to concerns of scams and improper claims, urging businesses to seek advice from trusted tax professionals.