-
Corporate Transparency Act
Read more: Corporate Transparency ActWhat is the Corporate Transparency Act (“CTA”)? Starting January 1, 2024 each reporting company shall submit to FinCEN a report that identifies each beneficial owner of the applicable reporting company and each applicant with respect to that company. Existing companies have until January 1, 2025 to file its initial beneficial ownership information (“BOI”) report or […]
-
Hold Your Horses (Taxes)
Read more: Hold Your Horses (Taxes)You might want to hold off on rushing to file your taxes for now. Congressional leaders are close to a $70 billion bipartisan deal. Included in this deal is a focus on expanding the child tax credit and providing tax breaks for businesses until 2025. The target completion date for the deal is Jan. 29, […]
-
New York ALJ Denies Refund Request for Remote Work Performed Before and During COVID-19 Pandemic – Follow Up on Zelinsky
Read more: New York ALJ Denies Refund Request for Remote Work Performed Before and During COVID-19 Pandemic – Follow Up on ZelinskyMany taxpayers that live outside of New York but work for an employer in New York have faced similar frustration in how New York determines how payroll tax is withheld at the state level. Due to the “convenience of the employer” rule in New York, if a taxpayer works for their own “convenience” out of […]
-
Business Expenses
Read more: Business ExpensesTravel Expense Purpose Travel Expense Expense Related to Business Primarily for Business Activities Yes Yes Primarily for Personal Activities No Yes Determining Primarily for Business or Personal The amount of time the taxpayer spends on personal activities compared to the time spent on business activities is an important factor to determine if a trip is […]
Latest Posts
- Hold Your Horses (Taxes)
- New York ALJ Denies Refund Request for Remote Work Performed Before and During COVID-19 Pandemic – Follow Up on Zelinsky
- Business Expenses
- Corporate Transparency Act
- More VDA Updates – Pennsylvania Reduces Lookback Period for Corporate Tax VDA’s
- IRS Proposed Regulations – Reporting Digital Assets Transactions by Brokers
- Ohio – Recent Changes to CAT Exclusion and Annual Minimum Tax
- More Withholding Headaches – New Jersey Implements “Convenience of the Employer” Rule
- Tax Opportunities: 2023 Home Energy Tax Credits for Individuals
- Alabama Updates Procedure for Nexus Questionnaire and Voluntary Disclosure Agreement