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….

2024 is quickly winding down. While there is still time for last-minute individual tax moves to make, it’s also the final chance to consider these year-end tax moves for your business in order to have…

Winter Tax Deadlines January 16, 2024 Due date for 4th installment of 2023 individual estimated tax. Consult with your CPA if any payments should be made before 12/31. January 31, 2024 Due date for employers…

1099-K Reporting for Digital Transactions By now most taxpayers are aware of Form 1099-K, which requires third-party settlement organizations and payment processors (such as Venmo, PayPal, Stripe, etc.) to issue a 1099-K when transactions exceed…

A Cost Seg­regation Study is a tax strategy where elements and components of a commercial property are segregated into different categories and classes in order to accelerate depreciation for those different assets. This allows building…

Update as of October 2023: With the recent rise of Employee Retention Credit scams and schemes, the IRS has announced a new withdrawal process for Employee Retention Credit claims. This new initiative aims to help…