New Tax Reporting Requirements For Payment Apps Could Affect You
If you run a business and accept payments through third-party networks such as Zelle, Venmo, Square, or PayPal, you could be affected by new tax reporting requirements that take effect
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Category: Emerging Regulations
Deadline Approaching: Act On EIDL Funding Before Year End
As the new year approaches, the future of the Build Back Better Act (BBBA) — and the strength of the economic recovery — remains uncertain. One thing that’s not uncertain
U.S. House Passes The Build Back Better Act
The U.S. House of Representatives passed a crucial part of President Biden’s agenda by a vote of 220-213 on November 19. The Build Back Better Act (BBBA) includes numerous provisions
2022 Cost-Of-Living Adjustments Should Be Factored Into Your Year-End Tax Planning
The IRS recently issued its 2022 cost-of-living adjustments for more than 60 tax provisions. With inflation up significantly this year, mainly due to the COVID-19 pandemic, many amounts increased considerably
Businesses Must Navigate Year-End Tax Planning Amidst Potential New Tax Laws
The end of the tax year is fast approaching for many businesses, but their ability to engage in traditional year-end planning may be hindered by the possibility of looming tax
Individuals Should Consider Potential Tax Law Changes When Year-End Tax Planning
As if another year of the COVID-19 pandemic wasn’t enough to produce an unusual landscape for year-end tax planning, Congress continues to negotiate the budget reconciliation bill. The proposed Build
Tax-Related Provisions Of The Infrastructure Investment & Jobs Act That You Need To Know
Almost three months after it passed the U.S. Senate, the U.S. House of Representatives has passed the Infrastructure Investment and Jobs Act (IIJA), better known as the bipartisan infrastructure bill.
Debate Continues in Congress Over Proposed Tax Changes
Negotiations continue in Washington, D.C., over the future of President Biden’s agenda. Tax law changes may be ahead under two proposed laws, the Build Back Better Act (BBBA) and the
Disasters & Your Taxes: What You Need to Know
Homeowners and businesses across the country have experienced weather-related disasters in recent months. From hurricanes, tornadoes, and other severe storms to the wildfires again raging in the West, natural disasters
IRS Issues ERC Guidance as Congress Considers Early Termination
The IRS has published new guidance on the Employee Retention Credit (ERC). The credit was created in March 2020 to encourage employers to keep their workforces intact during the COVID-19