Blog
Special Tax Considerations for Partnerships
The IRS is stepping up scrutiny of partnerships and is requesting more information concerning partnership arrangements going forward. For the most part, capital basis reporting requirements...
Are You Deducting It?
Running your own business? Small business deductions can really add up for entrepreneurs. And while many business owners are on top of deductions like meals and entertainment, mileage, and...
Savvy Finance: Are You Deducting It?
Running your own business? Small business deductions can really add up for entrepreneurs. And while many business owners are on top of deductions like meals and entertainment, mileage, and...
Charity Quid Pro Quos: What You Need To Know
Congress isn’t the only governing body that questions quid pro quos. The IRS considers it a big deal as well, particularly as it relates to…
Feds Finalize Opportunity Zone Guidance
The IRS and U.S. Treasury have finalized regulations for those interested in investing in qualified opportunity zones (QOZs).
New Overtime Pay Rules Are In Place
About 1.3 million American workers are newly eligible for overtime pay. Are your employees among them? The U.S. Department of Labor (DOL) updated the earnings threshold necessary to exempt...
How Sales Taxes Affect Your Bids: Loans Between Loved Ones
Loaning money to family and friends is tricky business for many reasons. Taxes are among them. Funds received as proceeds of a loan aren’t taxable if the borrower is expected to pay it back....
Loans Between Loved Ones
Loaning money to family and friends is a tricky business for many reasons. Taxes are among them. Funds received as proceeds of a loan aren’t taxable if the borrower is expected to pay it back....
IRS Steps Up ACA Compliance Enforcement
The current administration doesn't have a glowing opinion about the Affordable Care Act (ACA) mandate, but that doesn't mean it won't pursue revenue where it can. The IRS is stepping up...
IRS Urges “Paycheck Checkups” With New W-4s
Starting in 2020, your newly hired employees will need to submit redesigned Form W-4s. According to the IRS, the new design replaces complicated worksheets with more straightforward questions....