LATEST NEWS
S Corporation reasonable officer salary reminders
As discussed often, the S Corporation requires the officer to
NJ Supreme Court Committee Issues Opinion allowing CPAs and EAs to assist in simple BOI filings
Two days ago, the Committee on the Authorized Practice of Law appointed by the Supreme Court of New
Around 22 months delay to resolve identity theft – Consider the IRS Identity Protection PIN
In the mid year report to Congress, National Taxpayer Advocate Erin M. Collins stated that there are significant
Higher audit rates for partnerships and scrutiny on basis shifting
In the Fact Sheet 2024-21 Basis shifting, the IRS detailed the guidance to avoid abusive basis shifting by
Mid-year Financial review – Tax changes & BOI compliance – Recording available in YouTube
Our colleagues from NJ SBDC have posted the Mid-year Financial review seminar from mid-June 2024 in Youtube. We
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PA businesses can receive a 75% to 90% tax credit for contributions to educational improvement organizations
If you are a business in PA, you might consider a contribution to an approved Educational Improvement Organizations. If you are a
Teachers, instructors, principals, and other educators remember the $300 expense deduction
If you are a teacher, instructor or any other educator (even if part time as the rule is at least 900 hours)
Summer camp expenses? After school classes or sports? Child and Dependent Care tax credit might help
If you have kids under 13 that have after (or before) school activities (i.e. soccer, basketball, dance, etc.), daycare, or even summer