Did you know we are a destination sales tax state since 2008?

June 17, 2024|Categories: Accounting, Bookkeeping, Business, Department of Revenue, Government, Rulings, Small Business, Tax Accounting, Tax Consultancy, Tax Preparation|Tags: , , , , , , , , , , , |

Accuracy Disclaimer: The figures, statistics, and percentages presented in this article are accurate as of June 2024. Should there be any errors or omissions, please notify Pivotal Forensic Accounting and Audits in writing. This article [...]

Substitute House Bill 1570 – new pilot program for transportation network company drivers

May 30, 2024|Categories: Government, Rulings|Tags: , , , , , |

Corporate Transparency Act: Beneficial Ownership Interest (BOI) Reporting Update Paid Leave Rulemaking - Notice of adopted rules for Paid Family and Medical Leave On May 24, 2024, the department filed a CR-103 creating a new chapter [...]

Corporate Transparency Act: Beneficial Ownership Interest (BOI) Reporting Update

May 23, 2024|Categories: Corporations, Government, Rulings, U.S. District Court|Tags: , , , |

March 1, 2024: A significant ruling emerged from the U.S. District Court for the District of Alabama. The court declared the Corporate Transparency Act (CTA) unconstitutional in the case of “National Small Business Association v. [...]

Maximizing Tax Benefits: Navigating Reasonable Compensation and Section 199A for S-Corporations

April 13, 2024|Categories: Business, Corporations, Small Business|Tags: , , , , , , , |

In the dynamic realm of business taxation, S-Corporations offer a strategic advantage for entrepreneurs. However, to fully harness the benefits of S-Corp status, it's crucial to grasp concepts like reasonable compensation and Section 199A. Let's [...]

Maximizing Retirement Contributions for Small Employers: A Guide to the 10% Bonus

March 4, 2024|Categories: Retirement, Roth IRA 401K, Small Business|Tags: , , , , |

Small business owners often face unique challenges when it comes to offering competitive retirement benefits. However, there's a little-known rule that can help employers with less than 25 employees boost their retirement savings. This rule [...]

U.S. District Court Declares Corporate Transparency Act Unconstitutional: What It Means for Small Businesses

March 4, 2024|Categories: Government, Rulings, U.S. District Court|Tags: , , , , , , , |

On Friday, March 1, 2024, the U.S. District Court for the District of Alabama made a significant ruling that has implications for small businesses across the country. In the case of National Small Business Association [...]