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On February 21, 2025, Assembly Member Jacqui Irwin introduced Assembly Bill 1175 (AB 1175)  in the California Legislature . This bill...

As we approach March 15, 2025 , it's crucial for partnerships  and S corporations  to prepare for their annual tax filing obligations....

At Bizora, we are committed to providing tax professionals, CPAs, and business owners with the most reliable and efficient tools  to...

The accounting profession is undergoing significant transformations, particularly concerning Certified Public Accountant (CPA) licensure...

Staying informed about tax policy changes is crucial for business owners to navigate financial planning and compliance effectively....

The Internal Revenue Service (IRS)  has released updated depreciation limits for passenger automobiles placed in service during the 2025...

Managing payroll taxes is a critical responsibility for businesses of all sizes. Failing to file payroll taxes on time or making errors...

Earning income in multiple states can create complex tax obligations for individuals, remote workers, and businesses . Whether you're a...

As we move through the 2025 tax season , businesses and individuals must stay on top of critical deadlines to avoid penalties and ensure...

The Employee Retention Credit (ERC)  was established to support businesses during the COVID-19 pandemic by providing refundable tax...

The Internal Revenue Service (IRS) has released the inflation adjustments for retirement account contributions for the 2025 tax year. These changes are designed to help individuals maximize their retirement savings by accounting for cost-of-living increases. Key Adjustments for 2025 401(k), 403(b), and Federal Thrift Savings Plan Contributions : The annual contribution limit has increased to $23,500 , up from $23,000 in 2024. This adjustment allows employees to allocate more

The Corporate Transparency Act (CTA) , enacted to enhance transparency in corporate ownership and combat illicit activities, has faced significant legal challenges. A notable case is Samantha Smith and Robert Means v. U.S. Department of the Treasury , which has implications for businesses nationwide. Case Overview In January 2025 , the U.S. District Court for the Eastern District of Texas issued a preliminary injunction in favor of plaintiffs Samantha Smith and Robert Means .

The IRS has officially implemented new Form 1099-K reporting rules  for the 2024 tax year, affecting businesses, freelancers, gig...

For startup founders, employees, and investors, valuation  is more than just a number—it affects fundraising, stock options, and tax...

In recent years, several prominent corporations, including Meta Platforms (formerly Facebook), have considered or executed moves to...

Trusts are powerful estate planning tools that help manage and protect assets while offering potential tax benefits. However, one of the...

In December 2024,  the Internal Revenue Service (IRS)  introduced Form 7217 , titled "Partner’s Report of Property Distributed by a...

When launching a startup, one of the most important decisions founders make is where to incorporate . While businesses can form in any...

As businesses expand across borders, understanding Permanent Establishment (PE)  is crucial for tax compliance. PE determines whether a...

Since resuming office in January 2025, President Donald Trump has enacted a series of executive orders aimed at reshaping the U.S. economic landscape. This article provides an overview of the significant directives affecting taxation, business operations, and financial policies. 1. Withdrawal from the OECD Global Tax Agreement In a notable move, President Trump issued an executive order withdrawing the United States from the Organisation for Economic Co-operation and Developm

If you're starting a business, hiring employees, or opening a business bank account, you'll need an Employer Identification Number (EIN)...

In recent years, the international community has intensified efforts to reform global tax systems, aiming to address challenges posed by...

If you’re a partner in a partnership, a member of an LLC taxed as a partnership, or a shareholder in an S Corporation, you’ve likely...

As the popularity of cryptocurrencies continues to rise, understanding the tax implications associated with digital assets has become...