New reporting rule for online payment processors delayed

Friday, February 09, 2024
For the second consecutive year, the IRS has postponed implementation of a new rule that would have led to an estimated 44 million taxpayers receiving tax forms from payment apps and online...... Read More

FASB Issues New Segment Expense Disclosure Rules

Thursday, February 08, 2024
On November 27, 2023, the Financial Accounting Standards Board (FASB) issued updated accounting rules on segment reporting. The guidance concludes several years of discussions aimed at providing investors with better...... Read More

11 Exceptions to the 10% penalty tax on early IRA withdrawals

Tuesday, February 06, 2024
If you’re facing a serious cash shortfall, one possible solution is to take an early withdrawal from your traditional IRA. That means one before you’ve reached age 59½. For this...... Read More

Choosing a business entity: Which way to go?

Monday, February 05, 2024
If you’re planning to start a business or thinking about changing your business entity, you need to determine what will work best for you. Should you operate as a C...... Read More

ERTC relief program for employers unveiled

Friday, February 02, 2024
Since July 2023, the IRS has taken a series of actions in response to what it has termed a “flood of ineligible claims” for the Employee Retention Tax Credit (ERTC). Most...... Read More

Why it is Important to Track Tools and Small Equipment?

Thursday, February 01, 2024
Is your business constantly replacing its tools and small equipment? Certain items that can fit in a backpack, pocket or even the armrest of a vehicle — such as power...... Read More