Monthly Bulletins

Are your employees interested in pursuing work-related education or even an advanced degree? Businesses that invest in their employees' education can upskill their current workforce, boost morale and build loyalty among workers. Plus, it can be a tax-smart move. Here's an overview of the two primary options for offering it as a fringe benefit or setting up an educational assistance program.

Reference this tax calendar to learn the 2024 deadlines for various tax-related forms and payments.

The following chart provides some important federal tax information for 2024, as compared with 2023. Social Security/ Medicare 20242023 Social Security Tax Wage Base $168,600$160,200 Medicare Tax Wage Base No limitNo limit Employee portion of Social Security 6.2%6.2% Employee portion […]

The IRS’s new Voluntary Disclosure Program may provide employers relief from penalties related to ineligible Employee Retention Tax Credit claims.

The new corporate transparency reporting rules are complex, but failing to comply with them can be costly to businesses.

The IRS is delaying the $600 Form 1099-K reporting threshold for third-party settlement organizations for the 2023 tax year.

1. Be on the lookout for tax season scams! 2. New Form 1099-K reporting delayed 3. New rules for employee participation in 401(k) plans 4. Don't fail to report cash transactions 5. Controversy surrounds Employee Retention Credit

Employee stock ownership plans (ESOPs) often are used by owners to help exit their business. But they're not right for every company. Here are the basics on how these tax-advantaged retirement plans work, along with pros and cons to consider before establishing an ESOP.

1. New 401(k) contribution limits for 2024 2. Check your withholding while there's time 3. Tax benefits for child adoption 4. Be charitable and collect tax benefits with your IRA 5. Don't fall for charity scams

Small business owners still have time to reduce their federal income tax bills for this tax year. Here are five tax-smart moves to consider between now and year end. The good news is it appears there won't be any significant unfavorable federal tax changes that will take effect next year, which simplifies year-end tax planning for 2023.

Due to today's relatively high standard deduction amounts, fewer taxpayers are itemizing deductions on their federal returns than they did before the Tax Cuts and Jobs Act became effective in 2018. However, if your total itemizable expenses are close to the standard deduction, it's usually advantageous to itemize, if possible. Here are some last-minute ideas that could allow you to itemize for 2023.

Have you made moves to lower your federal income tax obligation for 2023? Fortunately, there's still time — and this year, tax planning may be simpler, because Congress isn't expected to pass any additional tax-related legislation that will affect your 2023 or 2024 tax situation. Here are seven ideas for you to consider before year end.