We have numerous blog posts on the difference between a) employees and b) independent contractors based on the IRS, Department of Labor (DoL) and State authorities at the time the post was released. However, in January 2024, the DoL released new rules (or go back to the previous rules pre-Trump) on "... how to analyze
Yesterday, a Federal Judge Mr. Amos Mazzant issued a nationwide injunction to block the BOI (Beneficial Ownership Information). Based on this injunction, you are not required to comply with the CTA (Corporate Transparency Act) reporting requirement - BOI filing report. As you might recall in some of our posts, other Federal Judges ruled then injunction
As the IRS is increasing the attention on partnership returns, especially those with higher asset value or more complexity, we should keep into consideration the first results of the partnerships audits subject to Bipartisan Budget Act that are now ending. The Bipartisan Budget Act (BBA) was passed in 2015, but it was effective from 2018.
On March 27, the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which is aimed at providing financial relief for the economic downturn caused by the Coronavirus pandemic. This summary includes some of the more pertinent issues to small businesses. Paycheck protection program (business loans / grants) To determine
On March 27, the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which is aimed at providing financial relief for the economic downturn caused by the Coronavirus pandemic. This summary includes some of the more pertinent issues to individuals. Assistance for American Residents All U.S. residents with adjusted gross
