The IRS urges taxpayers to review their withholding early in the year using its online estimator to avoid penalties, big refunds, or tax bills in 2026.
Businesses Can Still Cut 2024 Taxes
Implementing tax strategies now can help your company save big on its next return. Discover how businesses can still reduce their 2024 taxes effectively.
10-Year RMD Rule Finalized By the IRS
The 10-Year RMD rule finalized by the IRS confirms inherited retirement assets will receive different treatment depending on the recipient, starting in 2025.
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...