The art of the practical: Adopting AI in a responsible way
Insights and best practices on how to navigate the intricate AI environment and drive enhanced growth and efficiency.
Category: Uncategorized
Maximizing your property’s potential: the Augusta Rule explained
Discover the tax benefits of the lesser-known Augusta Rule, where homeowners can enjoy tax-free income by renting out their properties for up to 14 days per year. Uncover how this can also serve as a unique tax strategy for business owners to claim deductions. Learn the eligibility criteria, potential pitfalls, and best practices to harness this opportunity.
New guidance on section 174 research expenditures
Notice 2024-12 clarifies rules regarding research performed under a contract while Rev. Proc. 2024-9 updates guidance on accounting method changes.
Tax, Retirement, and Social Security changes for 2024
Are you prepared for the tax, retirement, and Social Security changes coming in 2024? Stay ahead with our expert insights and start planning your financial strategies today.
Don’t miss the January 16th deadline for final 2023 quarterly estimated tax payments
Time is ticking towards the January 16th deadline for the final 2023 quarterly estimated tax payments. Don’t let this date slip by unnoticed!
Early retirement withdrawals: avoiding the 10% penalty
Uncover potential circumstances under which you can tap into your retirement savings early without facing hefty penalties. From qualifying plan specifics to the latest updates in IRA rules, this article is your go-to resource for penalty-free withdrawal strategies.
Year-end giving strategies for 2023
Make your year-end giving count! Discover the best strategies for 2023 to maximize your charitable contributions and tax savings in our latest article. Dive into the specifics of smart donating to ensure you’re making the most of your generosity.
IRS announces details for ERC Voluntary Disclosure program
IRS provides VD Program for employers to return ERC refunds and avoid penalties and interest. Employers must apply by March 22, 2024.
IRS announces 2024 standard mileage rates
The IRS has announced the 2024 Standard Mileage Rates. Understand how these rates will affect your deductions for business, medical, moving, or charitable driving expenses. Explore this article to stay informed and plan ahead for your 2024 tax returns.
IRS will use AI to help target partnerships and high net worth individuals
The IRS announced a sweeping enforcement effort that will engage AI to focus on large partnerships and wealthy individuals.