IRS Orders Immediate Moratorium on New ERC Claims Processing
IRS halts new ERC claims processing to prevent fraud and protect small business owners. Here's everything you should know about…
Preparing Your Business for IRS Tax E-Filing
The IRS and the Department of Treasury issued the final amendments to the rules of electronic filing. Learn about its…
SECURE 2.0’s legislative impact on plan corrections
SECURE 2.0 expanded the Employee Plans Compliance Resolution System (EPCRS) to enhance the operational feasibility of qualified plans.
FAQ: Capitalization and amortization of R&D costs under new section 174 rules
See how the new required tax treatment of R&D costs under section 174 affects federal, state, and international taxes, as…
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…