What to Know About Big Changes to Form 1099-K Reporting
The Internal Revenue Service (IRS) is intensifying its efforts to ensure taxpayers accurately report income earned through online platforms like eBay, Etsy, and others, according [...]
PODCAST | Not-for-Profit Board Participation That Brightens the Community
In the following Gorfine, Schiller & Gardyn podcast, Vicki Hitchcock, a Principal of Audit and Accounting Services at GSG, discusses her background, the firm’s audit capabilities [...]
2025 tax calendar
To help make sure you don’t miss any important 2025 deadlines, we’re providing this summary of when various tax-related forms, payments and other actions are [...]
PODCAST | The Latest on Beneficial Ownership Information Reporting to FinCEN
In this Gorfine, Schiller & Gardyn podcast interview, Aaron Bloom, Director of Tax Services at GSG, discusses everything you need to know about the reporting [...]
Impact of Ongoing Legislation: Reporting Requirements Paused
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 [...]
Does your small business need to file a BOI report? The deadline is approaching
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. [...]
Businesses can still cut their 2024 taxes
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 [...]
Federal court rules against DOL’s “white collar” overtime rule
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 [...]
How will the 2025 inflation adjustment numbers affect your year-end tax planning?
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 [...]
Ease the financial pain of natural disasters with tax relief
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 [...]
