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
As the end of the year draws near, savvy taxpayers look for year-end tax strategies to reduce their tax bills. This year, the sense of… Read more »
Categories: Emerging Regulations, Tax
President-Elect Donald Trump will return to the White House in 2025 — a year that already was expected to see significant activity on the federal… Read more »
Categories: Emerging Regulations, Tax
The outcome of the November 5 election is likely to significantly impact taxes. Many provisions in President-elect Donald Trump’s signature tax legislation from his first time… Read more »
Categories: Emerging Regulations, Tax
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… Read more »
Categories: Tax, Tax Planning
The IRS has issued its 2025 inflation-adjusted contribution amounts for retirement plans in Notice 2024-80. Many retirement-plan-related limits will increase for 2025 — but less than… Read more »
Categories: Emerging Regulations, Retirement Planning
Early voting for the 2024 election has already kicked off in some states, but voters are still seeking additional information on 2024 election tax proposals…. Read more »
Categories: Emerging Regulations, Tax
