The IRS has created a new rule to help real estate professionals deal with the confusion about when they are involved in business activities. The agency says that these individuals…
The foremost challenging aspects of dealing with a supposed step transaction involves understanding where precisely boundaries are set. Step transactions can be challenging to understand because the rules that define…
The domino effect of rising rates has caused many businesses to reevaluate their safety precautions. Here's what you should do now to protect your employees, not only in the short…
The new law is going to be a big deal for business owners. Here are some key takeaways that your clients should know about it! The stimulus package passed by…
The CARES Act allows small businesses to carry forward their net operating losses once again. The passage of the Coronavirus Aid, Relief, and Economic Security Act includes significant changes to…
The Biden Administration's cancellation of debt on student loans is leading to increased taxes in many states. The general rule is that a cancellation of debt is considered a financial…
Some economists are floating the theory that the economy is in a stall rather than a recession. The answer depends on which set numbers you consider. We all know that…
The Internal Revenue Service recently provided additional guidance on changes to the Electric Vehicle (EV) credits under the new Inflation Reduction Act. In the newest legislation New EV Purchases The…
At the beginning of the pandemic, many decided to take early retirement. The news was full of stories where people accepted buyouts and left the workforce earlier than expected. Since…
To be deductible by a business, promotional and advertising expenses must have an "ordinary connection" to the company. This means that these costs cannot simply serve as entertainment or personalization…