One Big Beautiful Bill Act: Part 2 – What the New Tax Law Means for Your Business

July 1, 2025 | 0 views

Part 2In this second part of our two-part series on the One Big Beautiful Bill Act (OBBBA), we examine the legislation's impact on businesses, trusts, and estates. In addition, we will look at its overall economic impact.Estate Tax ChangesThe federal...

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Treasury Declares New Beneficial Ownership Reporting Law Will Apply Only to Foreign Companies

April 1, 2025 | 0 views

The Trump Administration announced it will no longer apply the beneficial ownership information (BOI) requirements of the Corporate Transparency Act (CTA) to domestic companies. This declaration came first via social media, marking a significant shift in policy.Under this new directive,...

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The Social Security Fairness Act of 2023: More Retirement Income for Teachers, Police, Firefighters & Gov. Workers

January 1, 2025 | 0 views

The Social Security Fairness Act of 2023, formally known as H.R. 82, aimed at ending two provisions in the Social Security system that affect public sector employees who have earned pensions from jobs not covered by Social Security. These provisions...

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Energy Tax Credit Changes For 2025

December 1, 2024 | 0 views

The coming shakeup of the executive branch, along with Republican control of both houses of Congress, means tax changes are highly likely in 2025 and beyond. Positioning for new and amended tax provisions is already off to the races.Regardless of...

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Updated IRS 2024 Penalties for Late Filing and Missed Tax Forms

December 1, 2023 | 0 views

Every year, the IRS announces annual inflation adjustments related to tax rate schedules, deductions, cost-of-living adjustments, etc. What many taxpayers do not realize is that they also adjust the cost of fines and penalties as well. This means that the...

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