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Some small businesses struggle with employee morale for a variety of reasons, one of which may be economic uncertainty. If you want to boost employees' spirits without a big financial outlay, an achievement awards program is a relatively low-cost fringe benefit that may be a win-win addition. Read more
The IRS recently announced the launch of a new multistage regulatory initiative intended to close what it calls a "major tax loophole exploited by large, complex partnerships." The IRS's actions are prompted by its belief that some partnerships are using transactions with related parties to…
Identity theft can have a significant impact, especially when it involves children. Cybercriminals target the identities of children because they have unblemished credit histories that tend to be infrequently reviewed. That means a fraud may go undetected for years, often until the child has a…
The Tax Cuts and Jobs Act (TCJA) made sweeping changes to the federal tax rules for individual taxpayers. Many of these provisions are scheduled to expire at the end of 2025. But there's a chance that some (or all) of the provisions could be extended or made permanent with legislation in the future.…
The landmark Tax Cuts and Jobs Act (TCJA) was passed in late 2017, but the law is still in the headlines today. Most TCJA provisions that affect individual taxpayers are scheduled to expire after 2025. However, there are six noteworthy exceptions that will remain on the books after 2025, unless…
The Tax Cuts and Jobs Act (TCJA) dramatically increased the unified federal gift and estate tax exemption from $5.49 million in 2017 to $13.61 million in 2024. If you're married, you and your spouse have separate exemptions, for a total of $27.22 million for this year. Another inflation adjustment…