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Category: Tax

automotive depreciation
Business / Tax

Rev Up Your Tax Savings: Leverage Increased Auto Depreciation Limits in 2024

You may have heard that auto depreciation limitations are getting a boost in 2024, and you’re curious about what that means for you, right? Whether you’re a small business owner, …

DOL Updated Contractor Guidelines
Tax

Navigating the world of labor law just got trickier.

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 …

Tax

FinCEN Requires Beneficial Ownership Information

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 …

Business / Tax

Important Updates

2025 2024 September June April February January

digital transactions
Tax

New Tax Reporting Threshold for Digital Transactions Delayed by IRS Until 2024

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 …

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