Federal Tax News for Businesses
1. A report to help prevent and detect money laundering
2. Guidance for emergency savings accounts
3. New depreciation limits for certain business vehicles
4. Follow the tax rules to limit tax trouble
5. A credit to incentivize manufacturers
Read More Brush Up on Campaign Contributions Rules
Fundraising is already in full swing for the November 2024 elections. Are you planning to donate to a favorite local or federal candidate? Before opening your wallet, it's important to understand the rules that apply to campaign contributions made by individuals and businesses.
Read More Growth Strategies: How to Take Your Business to the Next Level
As your small business grows, it will encounter many new challenges and opportunities. Here's how to tackle top concerns — such as financial and tax reporting, marketing, strategic decision making, working capital and risk management — to minimize growing pains during this critical stage of business development.
Read More Federal regulators expand overtime pay requirements, ban most noncompete agreements
Two new federal rules regarding overtime pay and noncompete agreements have recently been adopted.
Read More IRS issues guidance on tax treatment of energy efficiency rebates
The IRS has offered guidance regarding the tax treatment of energy efficiency rebates introduced by the Inflation Reduction Act.
Read More President Biden’s proposed budget highlights his tax agenda
President Biden has laid out his proposals for tax law changes in the fiscal year 2025 budget.
Read More Manufacturers: Pay attention to these 6 tax-related items in 2024
How will 2024 treat your manufacturing company? Here are six tax-related items to focus on this year
Read More Independent contractor vs. employee status: The DOL issues new final rule
The deadline to comply with a new U.S. Dept. of Labor rule regarding worker classification is fast approaching. Is your company ready?
Read More Tax Breaks for Employer-Paid Education Expenses
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.
Read More 2024 Tax Calendar
Reference this tax calendar to learn the 2024 deadlines for various tax-related forms and payments.
Read More Important Tax Figures for 2024
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 […]
Read More Businesses: Do you have to comply with the new corporate transparency reporting rules?
The new corporate transparency reporting rules are complex, but failing to comply with them can be costly to businesses.
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