Proposed regulations on using forfeitures in retirement plans
Proposed regulations REG-122286-18, released Feb. 24, provide guidelines for plan administrators to use forfeited amounts in retirement plans.
SECURE 2.0 is Your Cue to Establish Retirement Plans
Get up-to-date on the SECURE 2.0 Act so you can provide your employees with retirement savings plans and reap the…
What the New IRS Tip Reporting Program Means for You?
The IRS recently introduced the proposed Service Industry Tip Compliance Agreement (SITCA) program. Here’s how it may affect or benefit…
IRS announces updated Reference Standard for section 179D
New standards affirmed for energy efficient commercial buildings deductions, but old standards apply for several more years.
Increased Clean Energy Tax Credit for Homebuilders
The Inflation Reduction Act (IRA) extended and increased the Clean Energy Tax Credit. Here’s what you should know about the…
Do You Have A Child? Here’s A Tax Credit You Can Claim!
The Child Tax Credit (CTC) is a tax relief that families can claim to support the costs of raising a…
The Art of Giving: Tax Savings on Charitable Contributions
One of the ways to reduce your taxable income, and in turn, your tax liability, is to claim a deduction…
Medical and Dental Expenses: What Can You Deduct?
The strain that healthcare can have on your pockets can be minimized by writing off medical and dental care expenses…
Your Easy Guide to Unemployment Taxes
Commonly overlooked payroll taxes are the federal and state unemployment taxes which jointly fund the unemployment insurance program. Learn more…
‘Tis the Season: Tax Preparation Checklist for Small Businesses
Tax preparation is a year-round process and the full groundwork must be established as early as October. Here's a checklist…