New Employee vs Independent Contractor Rule Effective March 11

Article Highlights: New U.S. Department of Labor Rule Prior Rule Rescinded Effect on ABC Test Used by Some States New Six Factor Test Opportunity for Profit or Loss Depending on Managerial Skill Investments by the Worker…

Employers Beware: ERC Voluntary Disclosure Program Ends Soon

Article Highlights: ERC Background. TV Promoters and Marketeers. IRS Programs to Withdraw Erroneous Claims. ERC Voluntary Disclosure Program. How to Apply for the Voluntary Disclosure Program. ERC Claim Withdrawal Program. The…

Using a Ghost Preparer? Who You Going to Call When the IRS Comes Knocking

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Article Highlights: Ghost Preparers PTIN Requirement Signing the Return Preparation to Boost Refund Taxpayer Left Holding the Bag How to Report Ghost Preparers Professional Tax Preparation As people begin to have their…

Healthcare Considerations for Boomers in Retirement

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Baby Boomers – the largest generation in America by the numbers – are approaching their golden years. This means that many are beginning to look ahead to a healthy and secure retirement as they put their years in the workforce behind them.…

Tax Deductible Expenses for Charity Volunteers

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Article Highlights: Charity Tax Exempt Status General Rules for Deducting Volunteer Expenses Away-From-Home Travel Expenses Vehicle Expenses Entertaining For Charity Uniforms Use of a Capital Assets Conventions Underprivileged…

Who Needs to File a Tax Return in 2024

Article Highlights: Factors That Affect Whether Someone Needs to File a Tax Return Gross Income Required Filing Threshold 2023 Filing Thresholds by Filing Status Self-employment Status Status as a Dependent Some Individuals…

Effortless Financial Management: Mastering QuickBooks Online's Recurring Transactions

Since we're still in the early weeks of 2024, now is the perfect time to improve your business operations with QuickBooks for a more efficient and prosperous year ahead. QuickBooks Online continues to provide a wide array of bookkeeping and…

Don’t Miss Out on Your Employer’s Flexible Spending Benefits

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Article Highlights: Health Flexible Spending Arrangement (FSA) Benefits of an FSA Qualifying for an FSA Contributions to an FSA Amount of Contribution Distributions From an FSA Qualified Care Expenses Qualified Medical…

Navigating the Tax Implications of Remote Work for SMBs: A Comprehensive Guide

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In the wake of the pandemic, remote work has become the new norm for many American workers. As businesses across a wide range of industries have shifted to a remote model, employees and employers alike have experienced numerous benefits such…

Are You Taking Advantage of Your Employer’s Fringe Benefits?

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Article Highlights: Qualified Transportation Fringe Benefits (QTFB) Group Term Life Insurance (GTLI) Accident and Health Benefits Flexible Spending Arrangement Exclusion for Qualified Employee Discounts Dependent Care Assistance…