Transition Relief for Third-Party Settlement Organizations

The Internal Revenue Service issued Notice 2024-85 PDF providing transition relief for third-party settlement organizations (TPSOs), also known as payment apps and online marketplaces, regarding transactions…

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4th Quarter Estimates due January 15, 2025

The Internal Revenue Service reminds taxpayers who pay estimated taxes that they have until January 15th to make their payment for the 4th quarter of tax year 2024 without penalty. Who needs to make a…

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**IMPORTANT** BOI Reporting Update

On Tuesday, December 3, 2024, a federal district court in Texas issued an order granting a nationwide, preliminary injunction that: (1) enjoins enforcement of the Corporate Transparency Act (CTA) and regulations…

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Why do Fire Engines Always Back In?

Have you ever wondered why fire trucks always back into the fire hall instead of pulling in head-first like most vehicles? The reason is simple: it’s all about being prepared for quick action. By backing…

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Deadline Approaching for Corporate Transparency Act/BOI Reporting

The Corporate Transparency Act (CTA), ratified into law on January 1, 2021, advances the agenda of deterring criminals from infusing their illicit funds into the U.S. financial system. For most eligible…

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Year-end Tax and Financial Planning for Small Businesses

As we approach the end of 2024, it’s important to take a closer look at your tax and financial plans and discuss steps to reduce taxes and help you save for your future. With a new administration on…

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Blog: 10 Resolutions to Boost Your Company’s Value

As we approach the close of 2024 and look ahead to 2025, many business owners are focused on transformation and growth. If increasing your company’s value is your goal, consider these New Year’s resolutions…

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Hurricane Updates: IRS Tax Related Assistance and Warning about Charity Scams

In the wake of the devastating hurricanes that have ravaged Florida and the Southeast in recent weeks, the Internal Revenue Service warned about charity scams and reassured victims that it stands ready…

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Election 2024: Overview of Tax Policies

Tax policy has emerged as a central topic in the 2024 US presidential election because it directly affects the financial well-being of individuals, businesses, and the overall economy. It not only determines…

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Blog: Sellability – A Priority for Savvy Business Owners

What are your business objectives for the year? Many entrepreneurs are focused on profitability and perhaps a revenue target. While these goals are critical, there’s another objective that could provide…

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