Illinois Secure Choice Now Applies to More Businesses. If you have 5 or more employees and do not offer a retirement savings plan, take action now.
T.I.E. Blog
Welcome to The Idea Exchange (TIE) Blog. Timely articles on a wide range of topics including new tax legislation, accounting regulations, best practices, industry news, business insights and more.
What is SECURE 2.0?
If you are saving for retirement, Congress may make it easier for both employees and employers alike. Learn about new proposed legislation – SECURE 2.0.
Payment Apps Tax Reporting Requirements
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 payment apps tax reporting requirements that...
COVID-19 EIDL Loans
The U.S. Small Business Administration (SBA) expanded eligibility for COVID-19 Economic Injury Disaster Loan (EIDL) funding.in September, 2021. While you may not have qualified or...
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...
2021 year-end tax planning for individuals
Potential tax law changes and year-end tax planning for individuals As if another year of the COVID-19 pandemic wasn’t enough to produce an unusual landscape for year-end tax planning,...
2021 business year-end tax planning
Businesses must navigate 2021 year-end tax planning with new tax laws potentially on the horizon The end of the tax year is fast approaching for many businesses, but their ability...
2022 cost-of-living adjustments
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...
Important Employee Retention Credit Changes
Employee Retention Credit Early Termination The employee retention credit will be terminated early and broker reporting of cryptoasset transfers will be required as a result of legislation...