5 strategies to reduce your company’s 2023 tax bill
Making time for year-end tax planning now may prove beneficial come tax-filing time next year.
Category: Tax Bites
2024 cost-of-living adjustment numbers are in: How do they affect your year-end tax planning?
Take these 2024 cost-of-living adjustments into consideration as you work on your year-end tax planning.
Take action now to reduce your 2023 income tax bill
Concerned about your 2023 tax liability? Consider these year-end tax planning strategies.
IRS offers a withdrawal option to businesses that claimed ERTCs
The IRS has created a path that businesses can use to withdraw unprocessed ERTC claims if they determine the claims are invalid.
FASB approves updated rules for disclosing income taxes
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.
Arizona Tax Credit Alert 2023
Read the latest update regarding the extended charitable giving incentives for Arizona taxpayers
IRS suspends processing of ERTC claims
With fraudulent Employee Retention Tax Credit claims on the rise, the IRS has suspended claim processing through year end.
IRS issues guidance on new retirement catch-up contributions
The SECURE 2.0 Act’s new retirement catch-up contribution rules caused problems and confusion for employers and employees alike. The IRS has now provided guidance.
The IRS warns businesses about ERTC scams
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.
IRS provides transitional relief for RMDs and inherited IRAs
Some taxpayers can look forward to receiving transitional relief from the IRS related to the required beginning dates for taking required minimum distributions from retirement plans.
Virtual currency lands in the IRS’s crosshairs
If you do business with virtual currency, it’s time to bone up on related tax requirements. The IRS is paying closer attention.
What’s in the Fiscal Responsibility Act?
With a financial crisis averted, let’s take a look at the highlights of the Fiscal Responsibility Act.