20
May
Game On (Again): FinCEN BOI Reports Due March 21, 2025
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By
Amir Khan
The court lifted its injunction. That means the game is on for BOI reporting.The Financial Crimes Enforcement ...
Uncategorized
20
May
New Solo 401(k) Rules for 2025: What You Need to Know
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By
If you’re self-employed or a small business owner, the latest updates to Solo 401(k) plans could impact your r...
20
May
💸 Scammed in 2024? You might still be able to deduct the loss—but only in specific cases.
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By
According to new data from the Federal Trade Commission, consumers lost over $12.5 billion to fraud in 2024. I...
20
May
Major tax reform is on the horizon, and many can face uncertainty with respect to their current and future tax planning. Some of the proposed upcoming changes are as follows:
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By
Major tax reform is on the horizon, and your clients are facing unprecedented uncertainty about their t...
20
May
If you’re part of a multimember LLC taxed as a partnership (or a traditional partnership), you might occasionally pay out-of-pocket for items like travel, meals, car expenses, continuing education, professional dues, or even home office costs.
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By
You generally have two paths to take these items as deductions:
• Reimbursement: If your LLC or partnership...
20
May
Triple Tax Advantages: Reimburse Your Employee-Spouse for Health Insurance
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By
Are you a self-employed business owner or a single-member LLC with your spouse as your only eligible employee?...
20
May
Understanding Taxable Events in Crypto Transactions
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By
There are several scenarios in the crypto space where a taxable event is likely to occur. Some examples includ...
20
May
Figuring Decline in FMV
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By
Determining the decline of a property’s FMV due to a disaster can be the most complicated part of the casualty...
20
May
Penalty-Free Withdrawals from Retirement Accounts
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By
As a result of the Secure 2.0 Act passed in 2022, taxpayers may make penalty-free withdrawals from theirretire...
20
May
🚨 Will Congress Fix R&D Expensing in 2025? 🚨
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By
Businesses investing in R&D have been struggling since 2022, when full expensing was replaced with mandato...