President Biden has laid out his proposals for tax law changes in the fiscal year 2025 budget.
Independent contractor vs. employee status: The DOL issues new final rule
The deadline to comply with a new U.S. Dept. of Labor rule regarding worker classification is fast approaching. Is your company ready?
What’s the best accounting method route for business tax purposes?
Many businesses have a choice of using cash or accrual accounting for tax purposes. If you’re one of them, which route should you take? Here are the rules.
An overview of the percentage of completion accounting method for construction businesses
One of the many challenges of running a construction business is properly accounting for long-term projects. Here’s a look at one popular option: the percentage of completion method.
Update on IRS efforts to combat questionable Employee Retention Tax Credit claims
Aggressive marketing encouraging businesses to claim the pandemic-related Employee Retention Tax Credit led to many taxpayers erroneously receiving refunds. The IRS has a program that allows them to come forward and repay part of the money before collection efforts begin.
The IRS unveils ERTC relief program for employers
The IRS’s new Voluntary Disclosure Program may provide employers relief from penalties related to ineligible Employee Retention Tax Credit claims.
2024 tax calendar
Reference this tax calendar to learn the 2024 deadlines for various tax-related forms and payments.
There’s a new threshold for electronically filing information returns
Businesses that file 10 or more information returns must now file them electronically.
2024 Q1 tax calendar: Key deadlines for businesses and other employers
In the first quarter of 2024, businesses face several tax-related deadlines. Here are some key due dates and obligations.