When the COVID-19 pandemic temporarily closed many businesses, the Employee Retention Tax Credit (ERTC) was introduced and provided cash that helped enable struggling businesses to retain employees. And while it
While traditional IRAs and Roth IRAs have been around for a while, the associated regulations have undergone many revisions over the years. Most recently, the Secure 2.0 law in late
There’s a new fringe benefit option for employees facing emergencies, which is part of the SECURE 2.0 law. It’s called a pension-linked emergency savings account (PLESA), and the provision authorizing
Green tax reform represents a significant shift from solely focusing on revenue generation to leveraging tax policies to incentivize environmentally responsible practices and drive sustainable behavior. This approach not only
The IRS announced it will open the 2024 income tax return filing season on January 29. That’s when the tax agency will begin accepting and processing 2023 tax year returns.
Could operating your small business as a Qualified Small Business Corporation (QSBC) be a tax-wise idea for you? Tax-Free Treatment For Eligible Stock Gains QSBCs are the same as garden-variety
The ‘kiddie tax’ is a provision that may result in a portion of a child’s unearned income being taxed at their parent’s higher marginal federal income tax rates, rather than
Are you an employer with a business where tipping is routine when providing food and beverages? If yes, you may qualify for a federal tax credit regarding the Social Security
If making your health a priority is among your New Year’s resolutions, you might wonder if you can offset your out-of-pocket medical expenses on your tax return. The eligibility for
If you’re contemplating the sale of appreciated commercial or investment real estate and wish to postpone the associated tax liability, consider leveraging a Section 1031 “like-kind” exchange. In this type
