Recent alert regarding BOI deadline stay can be seen on Treasury Department’s Beneficial Ownership Portal. — In light of a recent federal court order, reporting… Read more »
Categories: Emerging Regulations, BOI
Many U.S. small business owners must report beneficial ownership information (BOI) to the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) by January 1, 2025…. Read more »
Categories: Emerging Regulations, BOI, Tax, Small Business
President-Elect Trump will take power early next year along with a unified GOP Congress. However, it’s still unknown how the tax landscape will change in… Read more »
Categories: Emerging Regulations, Tax Planning, Small Business
A federal district court judge has struck down the Biden administration’s new rule regarding the salary threshold for determining whether certain employees are exempt from… Read more »
Categories: Emerging Regulations, Tax
The IRS has issued its 2025 inflation adjustment numbers for more than 60 tax provisions in Revenue Procedure 2024-40. Inflation has moderated somewhat this year over… Read more »
Categories: Emerging Regulations, Inflation, Tax, Tax Planning
Hurricane Milton has caused catastrophic damage to many parts of Florida. Less than two weeks earlier, Hurricane Helene victimized millions of people in multiple states… Read more »
Categories: Emerging Regulations, Tax
In April 2024, the Federal Trade Commission (FTC) approved a final rule prohibiting most noncompete agreements with employees. The ban was scheduled to take effect on… Read more »
Categories: Emerging Regulations, Consulting
With tax season kicking off and Congressional deadlines approaching, a number of policies might change that could directly impact you. We’ll keep you updated with… Read more »
Categories: Emerging Regulations, BOI, Tax, Tax Planning, Small Business
The IRS has published new regulations relevant to taxpayers subject to the “10-year rule” for required minimum distributions (RMDs) from inherited IRAs or other defined… Read more »
Categories: Emerging Regulations, Tax
The Inflation Reduction Act provided the IRS with billions of dollars of additional funding to reduce the so-called “tax gap” between what taxpayers owe and… Read more »
Categories: Emerging Regulations, Tax
