How BPS companies can prepare for tax changes under Trump administration in 2025
How business and professional services companies could be affected by tax changes in 2025 under the Trump administration—and how they can prepare.
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How businesses can plan for tax changes under the Trump administration in 2025
Tax changes are coming in 2025 under the new Trump administration and unified Republican Congress. Here's businesses can prepare.
At this tax policy crossroads, begin preparing for tax changes in 2025
How businesses and individuals can prepare for a transformative tax policy event in 2025 that will be shaped by 2024 election outcomes.
Understanding the Implications of TCJA income tax provisions set to expire
Evaluate your individual income tax plan for effects of TCJA provisions expiring in 2026.
IRS announces second ERC Voluntary Disclosure Program, ERC updates & warnings
Second Employee Retention Credit Voluntary Disclosure program and other ERC updates.
Partnership tax filing checklist: More data requests, audits and complexity
Partnerships in tax year 2023 face new reporting requirements, detailed information demands and a sharp increase in the IRS' enforcement efforts.
The IRS urges businesses to review ERC claims for 7 common red flags
IRS urges employers to review ERC claims before the Voluntary Disclosure Program deadline of March 22, 2024. The agency warns of 7 common signs that their claims may be incorrect.
Retirement plan audit and contribution considerations
The evolving retirement plan landscape opens opportunities for companies to review employee compensation packages and consider changes to their plans.
Tax relief bill passes House, faces uncertain fate in Senate
Tax legislation packaging the child tax credit and favorable business tax provisions moves to the Senate with momentum but an uncertain fate.
Tax framework agreement sets direction for potential business and individual tax relief
Section 174 expensing, a return to EBITDA for section 163(j), an extension of 100% bonus depreciation and disaster relief paid for by ending Employee Retention Credits (ERC)
IRS announces details for ERC Voluntary Disclosure program
IRS provides VD Program for employers to return ERC refunds and avoid penalties and interest. Employers must apply by March 22, 2024.
IRS delays implementation of lower $600 reporting threshold for 1099-K
New IRS notice 1099-K for small vendors will be subject to existing requirements for TY 2023, followed by a phased-in approach.
IRS Releases 2024 tax inflation adjustments
IRS releases inflation adjustments for 2024. Inflation adjustments impact individual tax brackets and other various provisions of the Code.
IRS releases 2024 retirement plan limitations
Cost-of-living adjustments to retirement plan limits for 2024 have been issued by the IRS in Notice 2023-75.
IRS announces ERC Withdrawal Program
IRS announces simplified method for employers who have not yet received ERC refunds to withdraw claims that they now believe are ineligible.