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Deadline for filing 2023 forms 1099 is near but beware of important changes

Deadline for filing 2023 forms 1099 is near but beware of important changes

New electronic filing requirements, revised form 1099-NEC and new form 15397 present addional challenges for 1099 filers that may necessitate updates
Tax framework agreement sets direction for potential business and individual tax relief

Tax framework agreement sets direction for potential business and individual tax relief

Section 174 expensing, a return to EBITDA for section 163(j), an extension of 100% bonus depreciation and disaster relief paid for by ending Employee Retention Credits (ERC)
What to do if you filed an employee retention credit claim with the IRS

What to do if you filed an employee retention credit claim with the IRS

ERC submissions are under scrutiny by the IRS due to a surge in questionable claims. Are you confident your claim meets the eligibility requirements and can stand up to a potential audit?
IRS halts employee retention credit processing

IRS halts employee retention credit processing

The IRS has temporarily halted processing of employee retention credit claims and will provide additional guidance for businesses.
Pass-through entity elections are here to stay: What you need to know

Pass-through entity elections are here to stay: What you need to know

Pass-through entity elections are creating tax planning complexity. This article explains what you need to know and what you should do next.
What does SECURE 2.0 mean for small employers?

What does SECURE 2.0 mean for small employers?

SECURE 2.0 changes retirement plan rules for small employers with 100 or fewer employees.
Retirement plan changes for long-term, part-time employees

Retirement plan changes for long-term, part-time employees

SECURE 2.0 changes the rules for how long-term, part-time employees are treated for purposes of 401(k) and 403(b) retirement plans.
Cautionary tale: Owner personally liable for sales tax

Cautionary tale: Owner personally liable for sales tax

A New York administrative law judge found an owner to be a responsible person and personally liable for unpaid sales and use taxes.
Tax year 2022 brings more changes to international tax reporting

Tax year 2022 brings more changes to international tax reporting

Understand how the IRS is changing tax compliance for taxpayers with international activity for 2022.
IRS releases fact sheet regarding residential energy credits

IRS releases fact sheet regarding residential energy credits

A recent IRS fact sheet explains tax credits for energy efficient home improvements residential energy property.
Key takeaways for employers under the SECURE 2.0 Act of 2022

Key takeaways for employers under the SECURE 2.0 Act of 2022

SECURE 2.0 Act significantly changes the tax rules governing qualified retirement plans and individual retirement accounts (IRAs).
With no year-end tax package, businesses face unfavorable changes

With no year-end tax package, businesses face unfavorable changes

Businesses must contend with several unfavorable tax changes after no significant business tax provisions appeared in a year-end omnibus package.
Year-end tax planning considerations

Year-end tax planning considerations

Tax planning considerations for businesses and individuals approaching the end of 2022.
IRS makes statements on CARES Act Employee Retention Tax Credit risks

IRS makes statements on CARES Act Employee Retention Tax Credit risks

On Oct. 19, 2022 the IRS issued a news release warning employers to be wary of third parties who have ramped up campaigns to try and get employers to claim the CARES Act Employee Retention Tax Credit (ERTC) when they may not actually qualify.
Exempt organization inflation adjusted items for 2023

Exempt organization inflation adjusted items for 2023

Rev. Proc. 2022-38 provides the annual inflation adjustments for more than 60 tax provisions, including those affecting exempt organizations.