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 [...]
The Provisions of the Tax Cuts and Jobs Act That Will Expire in 2025
Signed into law in 2018, the Tax Cuts and Jobs Act (TCJA) was the most significant overhaul of the overall tax code in 30 years [...]
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 [...]
Get GSG’s Help with Beneficial Ownership Information Reporting
Please fill out this form as soon as possible if you are a client of Gorfine, Schiller & Gardyn and would like assistance in completing [...]
Federal court rejects FTC’s noncompete agreement ban
In April 2024, the Federal Trade Commission (FTC) approved a final rule prohibiting most noncompete agreements with employees. The ban was scheduled to take [...]
PODCAST | All About the IRS and Partnership Basis Shifting
In the following Gorfine, Schiller & Gardyn podcast, Aaron Bloom, Director of Tax Services at GSG, provides a thorough analysis about the IRS’ efforts to stop [...]
