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OUR BLOG

We share the latest developments in
the accounting industry & our business.

corporate-transparency-act-ruling

Notice Regarding Corporate Transparency Act (CTA) Ruling

In a surprise decision, on March 1, 2024, a federal district court ruled that the Corporate Transparency Act (CTA) is unconstitutional. The CTA currently requires most new and existing corporate
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tax-law-changes-for-2023

Tax Law Changes for 2023

By Brad Guerrero With a new year comes changes to the tax code. We want to take this opportunity to inform you of the tax law changes you should expect
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tax-savings-strategies-2023

Tax-Saving Strategies for 2023 Tax Year Filings

By Jaclyn Martello With the upcoming tax season, it’s our objective to equip you with an understanding of recent tax law changes that may provide a tax savings compared to
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corporate-transparency-act

Corporate Transparency Act – Effective January 1, 2024

Effective January 1, 2024, most new and existing corporate entities in the United States will be required to file reports on their beneficial owners with the federal government.  These requirements
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congress-proposed-ending-of-pandemic-tax-credit

Congress Proposed Ending of Several Business Pandemic Tax Credits

By James Santiago As part of an agreement to avert a partial governmental shutdown, the Senate Finance Committee and the House Ways and Means Committee announced a bipartisan, tax framework
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what-you-need-to-know-about-form-1099

What You Need To Know About 1099 Forms

By Steven Gamboa and Pavan Rajput  Remaining compliant with IRS guidelines and regulations is essential for any individual and business. Forms 1099 play a major role during tax preparation since
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filing-statuses-for-taxes

Understanding Filing Statuses for Taxes

Filing status is something that determines the tax return forms a taxpayer must use when filing their taxes and is tied to the taxpayer’s marital status. Filing status is determined
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kiddie-tax

Understanding the Kiddie Tax: Tax Treatment Based on Income Thresholds

The kiddie tax is a US tax provision passed to discourage parents from giving their children unearned income to avoid paying higher tax rates. The Kiddie Tax’s age range and
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what-is-a-k-1-tax-form

What is a K-1 Tax Form and Who Is It For?

What is a K-1 Tax Form? A K-1 is used to report a beneficiary’s, partner’s, or shareholder’s share of income, credits, deductions, and more on your personal Income Tax Return.
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research-and-development-expenses-tax-treatment

Changes to Research and Development (R&D) Expense Tax Treatment

Research and development (R&D) is a very important part of the current US and international business climate, and certain tax incentives associated with these expenses are crucial to give innovators
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