Recently, we sent out an email about the 2024 mandate to report Beneficial Ownership Information (BOI) to the Financial Crimes Enforcement Network (FinCEN) enacted as part of the Corporate Transparency Act (CTA). Any company (LLC, Corporation, Partnership, etc.) started before 2024 is required to file this information.
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As the 2024 tax filing season kicks off, the IRS has determined the Arizona Families Tax Rebate, recently distributed to eligible taxpayers in October or November 2023, IS subject to Federal income tax. Therefore, recipients are required to report the rebate as part of their federal-adjusted gross
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We wanted to bring to your attention a recent development from the U.S. Department of Labor (DOL) regarding the classification of workers under the Fair Labor Standards Act (FLSA). In a recent announcement, the DOL introduced a new rule taking effect on March 11, 2024, which aims
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The IRS has recently introduced a new online self-service tool for businesses, marking the second phase of a comprehensive effort under the Inflation Reduction Act and in line with the Service’s multiyear Strategic Operating Plan. The highlight of this initiative is the introduction of IRS business tax
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