The IRS has updated its Employee Retention Credit (ERC) FAQ page. The new FAQs address ERC refund limitations enacted under the One Big Beautiful Bill Act....
The Federal Reserve has approved its second straight interest rate cut. The Fed reduced the central bank’s benchmark rate by a quarter point. The target ...
Most small businesses incur local transportation costs, which may be overlooked if not tracked. Commuting between home and work isn’t deductible. But the...
The Social Security Administration said that Social Security benefits for 2026, including Old-Age, Survivors, and Disability Insurance (OASDI), and Supplem...
The IRS has updated its FAQ page for Form 1099-K (Payment Card and Third Party Network Transactions). The One Big Beautiful Bill Act retroactively reinstat...
Heard of the Internal Revenue Service Math and Taxpayer Help Act? Intended to reduce confusion and provide fairer outcomes in tax disputes, the legislation...
Recently, the American Institute of Certified Public Accountants (AICPA) asked the IRS to clarify reporting and substantiation requirements for deducting q...
Months after the One Big Beautiful Bill Act (OBBBA) was enacted, confusion remains about the taxation of Social Security benefits. Overall, nothing has cha...
For some states and municipalities (including New Jersey, Virginia and New York City), early November means election season. It’s important to remember t...
The consequences of a government shutdown are hard to predict. Although the 2018-2019 shutdown didn't hold up the start of the 2019 tax filing season, it d...