Tax

Updated rules have been approved that will require more detailed disclosures on income taxes to help stakeholders better understand your company’s tax position. Here’s what you should know.

Take these 2024 cost-of-living adjustments into consideration as you work on your year-end tax planning.

Concerned about your 2023 tax liability? Consider these year-end tax planning strategies.

Making time for year-end tax planning time now may prove beneficial come tax-filing time next year.

The IRS has created a path that businesses can use to withdraw unprocessed ERTC claims if they determine the claims are invalid.

Self-employment (SE) tax can be a major expense for small business owners — and many self-employed individuals are blindsided by this tax when they file their first tax return with SE income. This article provides answers to questions you may have regarding SE tax, including how much it is, who owes it, whether it's deductible, how to pay it and more.

Catch-up contributions allow people age 50 and older to turbo-charge their retirement savings. Account holders should be aware that recent legislation has changed the federal income tax rules for making catch-up contributions to employer-sponsored retirement plans. The good news is that the changes won't go into effect until January 1, 2026. Here are the details.

With fraudulent Employee Retention Tax Credit claims on the rise, the IRS has suspended claim processing through year end.

Are you fed up with all the recent accounting rule changes? For many private companies, the new lease standard that went into effect in 2022 was the last straw. Here’s an alternative reporting framework to consider.

Beware of fraudsters hyping the Employee Retention Tax Credit! Not all businesses are eligible despite the claims you may be hearing on TV or in mail, phone and email solicitations.

1. Tax Scams are Year-Round 2. Help for Post-High School Costs 3. Uncle Sam Wants Some of Your Gambling Winnings 4. Take IRS Deadlines Seriously 5. Tax Treatment of Cryptocurrency

The federal tax rules for retirement account required minimum distributions (RMDs) are confusing and can lead to expensive tax penalties if they're not followed. Here's an overview of the rules and how they've changed under the Setting Every Community Up for Retirement Enhancement (SECURE) Act and the subsequent SECURE 2.0 law, as well as recent IRS guidance