Significant changes to the IRS's 1099-K reporting thresholds are on the horizon, affecting anyone who uses payment apps or online marketplaces. Starting in 2024, more of your transactions could be reported to the IRS, potentially impacting your tax obligations. Find out what these updates mean for you and how to navigate the new requirements.
The Corporate Transparency Act (CTA) is facing significant legal challenges, leading to a temporary halt in its enforcement. This development has created uncertainty for businesses that are required to disclose beneficial ownership information. Learn about the court ruling and how to navigate the evolving situation.
As year-end approaches, small business owners face crucial tax planning decisions that can impact their financial health. From leveraging deductions and managing cash flow to understanding the intricacies of the QBI deduction, this article offers strategic insights to optimize your tax position before ringing in the new year.
As the year-end approaches, it's time to for strategic tax planning. From assessing your current tax situation and understanding deductions to maximizing retirement contributions and managing investment gains, this guide offers valuable insights to help minimize your tax burden.
The IRS has announced significant inflation adjustments for the 2025 tax year, impacting standard deductions, income tax brackets, and various tax credits. These changes offer potential tax savings for individuals and businesses, making proactive tax planning more important than ever. Discover how the updates could affect your tax strategy and financial future.
Are pre-startup costs deductible before your business officially launches? This article examines the tax rules and a recent court case that clarifies the issue, offering insights on how to maximize deductions.
Year-end is fast approaching, and for high-income earners and gig workers, it's the perfect time to review your tax withholding. This article will explain why this check is crucial and how it could potentially help you avoid a hefty tax bill.
Looking to build a winning team for your small business? Our new article offers practical tips for effective recruitment, ensuring you find the right fit for your company's culture and vision. Click to learn more about enhancing your hiring process and securing the best talent.
Are you an educator seeking ways to maximize your tax savings? Discover how classroom costs can equate to tax relief in our latest article, providing clear insights for educators to save money.
Boost your back-to-school sales by understanding the latest consumer trends and implementing effective strategies. This article explores strategies to align with changing consumer behaviors to drive profitability and optimize your sales season.
Want to make your real estate work harder for your financial goals? Explore cost segregation, a tax strategy that can accelerate depreciation deductions and increase short-term cash flow.
Get equipped with strategies to outsmart internet scammers and hackers waiting to steal your identity and money. Understand why strong passwords, secure browsing, and credit monitoring are crucial in the digital age. Learn ways to enhance your home network security, keep your devices updated and the importance of not reusing passwords.
Discover how the Department of Labor's recent expansion of overtime protections could impact your business. This article discusses the key changes and implications of the new regulations.
The IRS is making significant strides in processing Employee Retention Credits. Gain a deeper understanding of these recent updates and their implications for your business. Stay ahead of the curve by reading our latest article.
