Recent Articles
W2 Statements Due to the SSA and the employees today.
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...
3 Ways to Avoid Tax Season Fatigue
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,...
The Corporate Minimum Tax: How to Get Ready
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,...
The New Retirement Fund Rules Will Affect Your 401K or IRA in the Following Ways.
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...
The Supreme Court has rejected an appeal over the use of COVID aid for tax cuts.
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...
A Brief Summary Of Current Tax Issues – 24th January 2023
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...