insights
Blog Posts
We provide our clients with the most up-to-date industry insights on a wide range of relevant topics.
What Taxpayers Should Know About the Standard Deduction When Filing 2024 Taxes
2/19/25 2:55 PMWhen filing a tax return, one of the most important decisions taxpayers will make is whether to claim the standard deduc...
Business Mileage Rate Increased to 70 Cents in 2025
1/22/25 11:47 AMThe Internal Revenue Service (IRS) announced that the standard mileage rate for automobiles driven for business will inc...
What Taxpayers Should Know About a New Estate Tax Exemption in 2025
1/22/25 11:32 AMPreparing for estate taxes is something that all taxpayers need to think about and plan for, especially for those who in...
The IRS is Releasing Low-Risk ERTC Claims from Its Moratorium
6/27/24 7:12 AMIn September 2023 the IRS placed all Employee Retention Tax Credit (ERTC) claims in a moratorium. The agency is now rest...
2024 Q1 Key Tax Deadlines for Businesses and Other Employers
12/27/23 6:33 AMBelow you will find key tax-related deadlines affecting businesses and other employers during the first quarter of 2024....
Business Mileage Rate Increases to 67¢ in 2024
12/27/23 5:34 AMThe IRS announced that the standard mileage rate for the business use of a car, van, pickup or panel truck will be 67¢ c...
IRS Delays New Reporting Rule for Online Payment Processors
11/30/23 4:45 AMFor the second consecutive year, the IRS has postponed implementation of a new rule that would have led to an estimated ...
IRS Offers a Withdrawal Option to Businesses That Claimed ERTCs
10/27/23 10:22 AMRecent IRS warnings and announcements regarding the Employee Retention Tax Credit (ERTC) have raised some businesses’ co...
IRS Suspends Processing of ERTC Claims
9/21/23 11:39 AMIn the face of a flood of illegitimate claims for the Employee Retention Tax Credit (ERTC), the IRS has imposed an immed...
U.S. Supreme Court Rules Against the IRS on Critical FBAR Issue
3/16/23 7:51 AMThe U.S. Supreme Court recently weighed in on an issue regarding a provision of the Bank Secrecy Act (BSA) that has spli...