News
Our take on all things financial.
ACA Penalties Will Rise in 2024
Recently, the IRS announced 2024 indexing adjustments to the applicable dollar amount used to calculate employer shared responsibility penalties under the Affordable Care...
Two Important Tax Deadlines Are Coming Up That You Need to Know
April 18 is the deadline for filing your 2022 tax return. But a couple of other tax deadlines are coming up in April and they’re important for certain taxpayers: Saturday, April...
2023 Q2 Tax Calendar: Key Deadlines for Businesses and Employers
Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2023. Keep in mind that this list isn’t all-inclusive, so...
President Biden’s Proposed Budget Includes Notable Tax Provisions
President Biden has released his proposed budget for the federal government for the 2024 fiscal year. The budget, which aims to cut the deficit by nearly $3 trillion over...
Are Employees Taxed on Frequent Flyer Miles Earned Through Business Travel?
With business travel ramping back up again, employers might start fielding questions from staff about the tax treatment of travel-related fringe benefits. For example, when your...
Plan Carefully to Avoid GST Tax Surprises
Planning for the GST tax is essential if you're trying to share some of your wealth with your grandchildren or great grandchildren. If you want to share some of your wealth with...
The 2022 Gift Tax Return Deadline is Coming Up Soon
The gift tax return deadline for 2022 is coming soon. Did you make large gifts to your children, grandchildren or other heirs last year? If so, it’s important to determine...
R&E Strategy for Your Business Should Be Done Now – Here’s Why
It’s been years since the Tax Cuts and Jobs Act (TCJA) of 2017 was signed into law, but it’s still having an impact. Several provisions in the law have expired or will expire in...
IRS Final Regs Expand Mandatory E-Filing of Many Information Returns
The IRS recently finalized regulations that substantially expand mandatory electronic filing (e-filing) of certain information returns. The regulations were proposed in 2021 to...