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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...

Starting your own business is an exciting venture, but it comes with responsibilities—one of the most critical being taxes. If you’re...

Starting a business is an exciting journey, but it comes with financial considerations that are crucial to get right from the beginning....

Qualified Small Business Stock (QSBS) offers significant tax advantages for investors, founders, and employees of eligible startups. By...

Tax season is here, and if you’re a freelancer, contractor, or business owner , the 1099 form  is likely on your radar. This essential...

Running a business means investing in the right tools, equipment, and technology to grow. But did you know that these purchases can also...