Employers must also supply employees with copies B, C, and 2 of Form W-2 by today (January 31, 2023). The IRS reminds employers of the January deadline for filing Forms W-2 and other pay statements. Filing these records on time
The battle against burnout begins with stress management. Sure, stress can be useful — your forefathers would have appreciated that “fight or flight” response — but burnout is not. It exhausts you emotionally and physically, even on… As an accountant,
A corporate alternative minimum tax (CAMT) will be imposed on selected firms with annual adjusted book income of more than $1 billion averaged over a three-year period… The Inflation Reduction Act, which President Biden signed into law on August 16,
Let’s examine the eight sections listed in the breakdown of the Secure 2.0 Act by the Senate Finance Committee. The federal government is putting into effect a number of new retirement regulations that will increase access to retirement programmes and
After President Biden enacted the American Rescue Plan Act in 2021, a number of states with a GOP-led government filed a lawsuit. Despite receiving $195 billion in federal pandemic relief funds, the U.S. Supreme Court rejected a Missouri challenge that
The tax code offers considerable tax incentives to real estate investors, but there are a few crucial tax hazards to be aware of. Be more energetic. You cannot write off a present loss since deductions stemming from passive activities are
Do not forget that making contributions to IRAs and qualified plans has additional tax and financial advantages. Even if you don’t qualify for the retirement saver’s credit, this is usually a good idea. An employer-sponsored qualified retirement plan account, such
You may improve your financial situation in the new year and improve your quality of sleep by taking a few easy actions. If you recently overspent on holiday-related items and activities, you are not alone. The National Retail Federation forecasted
The IRS anticipates receiving more than 168 million individual tax returns this year, the majority of which will be submitted before April 18. The IRS said on Thursday that the 2023 tax filing season will start on Jan. 23, the
A list of the most pressing compliance issues that employers will face in 2023. Businesses in the United States face a slew of regulatory issues, and keeping up with changes can be difficult. We have compiled a list of the