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Purchasing equipment before year-end?
Purchasing equipment before year-end can provide significant tax benefits due
Hiring independent contractors became harder in 2024
We have numerous blog posts on the difference between a) employees and b) independent contractors based on the
Consider tax loss harvesting to reduce your tax liability
First, what is this harvesting? – no, you do not need to live in a farm. Tax loss
Restaurants in the cross hairs of the IRS authorities for tax evasion
At this point, our readers should be aware that there are certain industries that are more subject to
Tax owed vs Tax paid shows a gap of $696 billion for 2022
In the IRS IR-2024-262, the IRS estimated that there is a tax gap of around $696 billion for
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1099-K threshold delayed again
In the recent IR-2024-299 released at the end of November, the IRS indicated that the 1099-K threshold is delayed again. The 1099-K
Federal Judge in Texas issued a nationwide injunction to block the BOI
Yesterday, a Federal Judge Mr. Amos Mazzant issued a nationwide injunction to block the BOI (Beneficial Ownership Information). Based on this injunction,
BOI deadline in 30 days – Attend free seminar and file – Avoid $591 fine per day
Even the IRS is reminding us of the requirement to file the BOI (Beneficial Ownership Information), in their IR-2024-288 released around mid