Oct 23, 2024
You’re not a crook, but the federal government isn’t just going to take your word for it. That’s why the U.S. Corporate Transparency Act (CTA) was conceived. With the CTA’s new beneficial ownership information (BOI) reporting requirement looming, it’s time for most...
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Oct 15, 2024
The Federal Reserve has begun lowering interest rates for the first time in four years. Is it a game changer for small businesses? Is it too early to tell? Here’s what history and current research tells us. The half-percentage reduction by the Federal Reserve in...
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Oct 9, 2024
The IRS Offer-in-Compromise (OIC) program can be a great opportunity if you owe the IRS money you don’t have. However, some scam artists are getting in on the action and “selling” OICs that aren’t real. The IRS OIC program, a genuine option for taxpayers who can’t...
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Sep 26, 2024
There’s good reason 90% of taxpayers claim the standard deduction: It more than covers what most Americans can deduct on their own. However, in certain years, some taxpayers may want or need to itemize instead. The standard deduction for 2024 is $14,600 ($29,200 for...
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Sep 17, 2024
The IRS has announced a limited-time reopening of its Voluntary Disclosure Program (VDP) for businesses that incorrectly claimed Employee Retention Credit (ERC). It’s a chance for businesses that may have fallen victim to ERC promoters to correct improper payments at...
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Sep 10, 2024
You can safely assume that, in one form or another, your personal data has been leaked online. If it wasn’t apparent before, it’s undoubtedly become clear with the revelation that nearly 3 billion Social Security numbers (SSNs) and other sensitive personal information...
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