On January 10, 2024, the U.S. Department of Labor issued a new regulation aimed at more clearly defining the distinction between employees and independent contractors under the Fair Labor Standards …
The Corporate Transparency Act (CTA) was enacted as part of the National Defense Act for Fiscal Year 2021. The CTA mandates that millions of entities report their beneficial ownership information …
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The Internal Revenue Service (IRS) recently announced an important change concerning the reporting of income received through third-party payment processors and online platforms. This change, initially proposed to take effect …
The new tax rules for 2023 are all over the place and include: Personal Standard Deduction Personal Standard Deduction for 2023 increases due to inflation: Energy Efficient Home Improvement Credit …
