Accounting
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Critical TCJA tax provisions in 2025: What business owners need to know nowMar 08, 2025 1:37 pm - Change is in the air — especially when it comes to taxes. Among the biggest potential game-changers are modifications to the Tax Cuts and Jobs Act (TCJA). While TCJA was...
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4 guiding principles businesses should follow during uncertain timesMar 08, 2025 1:13 pm - As the owner of an accounting firm for the past 25 years, I’ve witnessed firsthand how uncertain times can weigh heavily on business owners.
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Proposed regulations on tax-free reorgs and spinoffsMar 08, 2025 1:09 pm - Newly proposed regulations on tax-free reorganizations and spinoffs would add significant compliance and reporting obligations. It is anticipated that there will be numerous comments on the regulations, which are due March 17.
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Navigating the 2025 tax season: What you need to know about key IRS changesMar 08, 2025 12:58 pm - As the 2025 tax season approaches, significant changes from the IRS could impact your financial planning, whether you file taxes individually or as a business owner.
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How valuation analysts help secure win-win deals for buyers and sellers alikeMar 08, 2025 12:46 pm - So what makes for a good deal — one where the sale or purchase of a business works out for both parties? For starters, timing is critical.
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DOGE targets child support database full of income data
Mar 07, 2025 12:36 pm - Representatives of the U.S. DOGE Service have sought access to a powerful database of nearly all U.S. workers’ earnings kept by the health department’s child support office, setting off another disagreement with career staff over demands for legally protected records, according to four people familiar with the matter.
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IRS layoffs could hurt revenue collection and foil efforts to go after rich tax dodgers, experts say
Feb 21, 2025 10:54 am - WASHINGTON — The layoffs of roughly 7,000 IRS probationary workers beginning this week likely will mean the end of the agency's plan to go after high-wealth tax dodgers a...
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It’s tax season: BBB warns to watch out for scammers ready to siphon returnsJan 26, 2025 5:10 am - “Because of the intricacies of filing your taxes, falling victim to a tax scammer is not inconceivable,” said Steve J. Bernas, BBB president and CEO. “As soon as tax season opens, tax scammers come out of the woodwork.”
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Setting yourself up for financial success in 2025Jan 26, 2025 5:01 am - Financial planning is more than just numbers on a spreadsheet — it’s about achieving peace of mind, securing your future and ensuring that your financial goals align with both your short- and long-term aspirations.
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IRS Direct File is here to stay. All 50 states are invited.