2024
December
September
- BOI Reporting Compliance Due by Dec. 31
- Pennsylvania Imposes Electric Vehicle Road User Charge, Eliminates Alternative Fuels Tax on Electricity for Residential Charging. Learn more…
June
- Effective July 1, 2024, the Department of Labor (DOL) released its final Overtime Exemptions Rule impacting executives, administrative and professional employees, and outside sales staff.
April
February
- Corporate Transparency Act Unconstitutional – What you need to know.
- Increased Auto Depreciation Limits in 2024
January
- Changes coming to Pennsylvania gas tax
- DOL Updates Contractor Guidelines
- FinCEN Requires Beneficial Ownership Information Reporting
- Business standard mileage rate increases for 2024. It’s now 67¢ per mile driven.
2023
January
- IRS shares steps to take after a natural disaster so taxpayers can reconstruct their records and prove loss of property
February
- Reminder: How to avoid tax scams [video].
- Business standard mileage rate increases for 2023. It’s now 65.5 cents per mile driven.
- When is the tax filing deadline this year? April 18, but don’t wait until the last minute.
March
- Taxpayers requesting a tax extension must file until Monday, October 16, 2023.
April
- IRS issues renewed warnings on Employee Retention Credit claims; false claims generate compliance risk for people and businesses claiming credit improperly.
- Attempting this W-2 scam can lead to penalties for taxpayers. It urges people to use wage information on a tax return to claim false credits in hopes of getting a big refund.
May
- Allowable Living Expense (ALE) standards for 2023 are now available for taxpayers to avoid undue hardship when they must delay the full delinquent tax payment.
- Tax-exempt organizations: Remember the annual May 15 filing deadline.
June
- Here are some significant tax changes for tax year 2023. Keep these in mind as you proceed through the year to help you save tax dollars when it comes time to file your personal and business taxes.
- After a disaster, you may qualify for deductions, delayed tax payments, and more.
- The Work Opportunity Tax Credit helps businesses that hire from eligible groups. Learn more.
- How do I determine if my money-making side gig is a hobby or business? Answer these 7 questions and then learn more.
- The IRS has useful tax-related tools and resources to help small business owners, employers, and self-employed individuals succeed.
- Now is an excellent time to review how your company’s legal structure affects your business and personal taxes.
- Prepare now for the new Form 1099-K reporting threshold. Small businesses should keep good records now for the next filing season.
- Did you know that going green can save you more than just energy costs? The government is offering expanded home energy tax credits for taxpayers who make energy improvements to their residences.
- New Law Launches Military Spouse Credit for Employer
- Are you a pass-through entity owner? Explore the SALT cap workaround to maximize your tax deductions!
July
- Bonus Depreciation is being phased out In 2023. What does this mean for construction companies?
- Sending your kids to summer camp? There might be a tax deduction for that.
- Business travelers, including the self-employed, check out these tax deductions before hitting the road.
- Do you know someone in the U.S. military? If so, please share these important military tax benefits with them.
- Did you know there is a Gig Economy Tax Center on IRS.gov?
- Are you selling your home? You may qualify to exclude all or part of any gain from the sale from your income when filing your tax return.
August
- 2024 Health Savings Account Limits – Contribution limits for the ever-popular health savings account (HSA) are set for 2024.
- IRS Urges Extra Caution: Huge increase in summer Economic Impact Payments, Employee Retention Credits, tax refunds email and text scams claims.
- Tax-exempt organizations can benefit from some clean energy tax credits.
- Big life changes, including a change in marital status, often have tax implications. Here are a few things couples should think about after they tie the knot.
September
- Summertime activities that could affect your tax return next year. Did you do any of them?
- New Student Loan Plan – What You Need To Know About The SAVE Repayment Option
- Teachers: Cut classroom costs with the Educator Expense Deduction.
October
- IMPORTANT: Businesses must electronically file Form 8300, Report of Cash Payments Over $10,000, beginning Jan. 1, 2024
- Urgent: IRS Pauses New Employee Retention Credit Claims—What You Need to Know
December
- New Tax Rules for 2023
- New Tax Reporting Threshold for Digital Transactions Delayed by IRS Until 2024