Independent Contractor vs Employee Status: DOL Issues New Final Rule
The U.S. Department of Labor’s (DOL’s) test for determining whether a worker should be classified as an independent contractor or an employee for ...
Optimizing Tax Strategies Amid Business Losses
Business losses can sting, particularly when they are large and unexpected. However, there are numerous ways the tax code can help mitigate the ...
Financial Insights and Tax Impacts of Short vs. Long-Term Rentals
In the ever-evolving realm of real estate, opting for either short-term or long-term rentals transcends mere convenience; it represents a choice with ...
Tax Implications for Social Security Benefits: What You Need to Know
Understanding the nuances of tax laws, especially those pertaining to Social Security benefits taxation, is necessary for accurate tax preparation ...
Key Tax Tips for Sole Proprietor Startups
When launching a small business, many entrepreneurs start out as sole proprietors. If you’re launching a venture as a sole proprietorship, you need ...
Audits vs Fraud Detection: Bridging the Gap with Forensic Services
Victims of fraud often wonder why their auditors didn't flag the deception. "We got a clean opinion!" they might protest. "Why didn't they catch this ...
Child Tax Credit Bill Advances in House, Senate Decision Pending
The U.S. House of Representatives on January 31 passed the Tax Relief for American Families and Workers Act of 2024 (H.R. 7024) by a vote of 357 to ...
Employer Tax Deadline Reminder
With tax season rapidly approaching, the IRS reminds employers that Jan. 31 is the deadline for submitting wage statements and forms for independent ...
Don't Overlook Taxes when Contemplating a Move to Another State
When you retire, you may think about moving to another state, perhaps because the weather is more temperate or because you want to be closer to ...