IRS issues guidance on tax treatment of energy efficiency rebates
The Inflation Reduction Act (IRA) established and expanded numerous incentives to encourage taxpayers to increase their use of renewable energy and adoption of a range [...]
President Biden’s proposed budget highlights his tax agenda
President Biden has released his proposed budget for the 2025 fiscal year, including numerous tax provisions affecting both businesses and individual taxpayers. While most of [...]
Independent contractor vs. employee status: The DOL issues new final rule
The U.S. Department of Labor’s (DOL’s) test for determining whether a worker should be classified as an independent contractor or an employee for purposes of [...]
How to Prepare for Beneficial Ownership Reporting
In early January, the Department of Treasury announced that its Financial Crimes Enforcement Network (FinCEN) began accepting beneficial ownership information (BOI) reports. The bipartisan Corporate [...]
PODCAST | Breaking Down the Tax Relief for American Families and Workers Act of 2024
In this Gorfine, Schiller & Gardyn podcast interview, Matt Keefer, Director of Tax Services at GSG, breaks down everything taxpayers need to know about The [...]
ERTC Resource Center
When the CARES Act was signed into law on March 27, 2020, it established the Employee Retention Tax Credit (ERTC), which entitled eligible employers to [...]
2024 Tax Calendar
To help you make sure you don’t miss any important 2024 tax calendar deadlines, we’ve provided this summary of when various tax-related forms, payments and [...]
The IRS unveils ERTC relief program for employers
Since July 2023, the IRS has taken a series of actions in response to what it has termed a “flood of ineligible claims” for the Employee [...]
There’s a new threshold for electronically filing information returns
Does your business file 10 or more information returns with the IRS? If so, you must now file them electronically. This is a significant rule [...]
Businesses: Do you have to comply with the new corporate transparency reporting rules?
Your business may soon have to meet new reporting requirements that take effect on January 1, 2024. Under the Corporate Transparency Act (CTA), enacted in 2021, [...]
