Federal law changes this year have shed new light on employee and contractor classifications. Employers need to take a close look at how employees...

The recent case of Gagliardi v. Prager Metis CPAs LLC (No. 1:23-cv-07454, S.D.N.Y. 2024) has sent ripples through the tax preparation community,...

The potential expiration of key provisions of the Tax Cuts and Jobs Act (TCJA) at the end of 2025 is a critical issue that requires careful attention...

The Internal Revenue Service (IRS) has announced it will continue its moratorium on processing new Employee Retention Credit (ERC) claims, citing...

As the United States grappled with the devastating effects of the COVID-19 pandemic, the government rolled out an unprecedented relief plan to help...

The accounting profession’s staffing shortage has finally reached critical status after nearly a decade of declining accounting graduates. A drop in...

One significant concern is the Corporate Transparency Act, which has faced legal challenges and caused confusion among small businesses regarding...

The Internal Revenue Service (IRS) has released its annual "Dirty Dozen" list of top tax scams for 2024. Typically the IRS releases a new list each...

Many tax preparers may not often run into a reportable transaction situation, however most returns require disclosures about whether an entity does...