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