U.S. District Court Declares Corporate Transparency Act Unconstitutional: What It Means for Small Businesses
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 [...]
IRS To Provide $1 Billion In Penalty Relief To 4.7 million Taxpayers
The Internal Revenue Service (IRS) has currently announced a groundbreaking initiative to provide $1 billion in penalty relief to four 7 million taxpayers stricken by the financially demanding situations of tax years 2020 and 2021. [...]
So You’re Getting Divorced, Do You Really Need A Forensic Accountant
Services My Mission is to Empower Your Life Divorce is a difficult stage of life that is often accompanied by mental turmoil and complex legal issues. A [...]
Social Security Wage Base, COLA Set for 2024
In 2024, the Social Security Administration will unveil sizable modifications affecting each employee and retiree. Updates include adjustments to the Social Security wage base and price of living (COLA). The wage base increases to $168,600 [...]
Tax And Other Considerations for Charitable Giving Abroad In Times Of Crisis
In times of crisis, along with the recent conflict between Hamas and Israel, many people may additionally feel pressured to contribute to alleviate the suffering of these affected. While the aim to help is commendable, [...]
Trade or Business? Hobby or Investment?
Trade or Business? Hobby or Investment? In the area of taxation, one of the critical determinations that individuals and agencies must make is whether their sports fall beneath the category of a trade or enterprise, [...]
