As summer heats up, it’s the perfect time for businesses to strategically plan ahead for taxes and find ways to save in 2024. Consider implementing these five tax planning ideas: 1. Review employee benefits. An…

Now is the time to pay your taxes AND make your estimated tax payment. Both your individual tax return AND first quarter estimated tax payment are due April 15 this year.  If you had to…

March 15th is the tax-filing due date for 2023 calendar year S corporations and partnerships. While this filing deadline does not require making a tax payment, missing the due date could cost you a hefty…

The $20,000 reporting threshold for payment card companies to issue Form 1099-K was scheduled to drop to $600 for 2023. A late change in November returned the original threshold, and the 2024 reporting threshold is…

Upcoming Tax Deadlines March 15, 2024 • Deadline to file partnership and S-corporation tax returns. April 15, 2024 • Deadline to file individual, trust, gift and calendar-year C-corporation returns. • Deadline for making 2023 IRA…

Offering a retirement plan can be a powerful tool when you’re competing to attract the best employees. Thanks to laws enacted in recent years, setting up and running a new retirement plan or adding new…

The Internal Revenue Service announced on December 14, 2023 an increase in the standard mileage rates for 2024.   2024 Mileage Rates The new standard mileage rate for business travel will be 67¢ per mile….