Category: Tax Tips
Accountable Plan! What should you know?
An accountable plan is a way for S corporations to save taxes by reimbursing business…
LLC Federal Tax Classification
LLC Federal Tax Classifications are the rules that determine how the IRS treats a Limited…
Annual Benefits Enrollment – What you should know?
Every year, during open enrollment, a person or employee can modify, add, or remove their…
Businesses must electronically file Form 8300 for cash payments over $10,000
Beginning Jan. 1, 2024, businesses that file 10 or more information returns must e-file Form 8300,…
Certain energy credits under the Inflation Reduction Act are elective pay eligible.
Issue Number: Tax Tip 2023-94 Certain energy credits under the Inflation Reduction Act are elective…
Homeowners: review these house-related deductions and programs.
Issue Number: Tax Tip 2023-96 The summer months are a popular time to buy or…
Tax considerations for people who are separating or divorcing.
Issue Number: Tax Tip 2023-97 Tax considerations for people who are separating or divorcing When couples…
Homeowners: review these house-related deductions and programs
Issue Number: Tax Tip 2023-96 The summer months are a popular time to buy or…
Tax Year 2023: Top Tax Breaks for Independent Contractors
Full or part-time freelancing provides job flexibility and additional income, but dealing with taxes can…
What employees need to know about income tax withholding.
Tax Tip 2023-82 (Source: IRS) Whether someone is entering the workforce for the first time…