On August 9, 2024, the IRS announced tax relief for individuals and businesses in South Carolina, North Carolina, Florida, and Georgia affected by Hurricane Debby.

Highlights from the recent ERC update

Florida had the second-highest number of complaints and losses, totaling $294 million. Georgia, Tennessee, and Alabama also saw significant complaints and financial losses.

The time to act is now, while the higher exemptions are still in effect.

We partnered with Truist to help dealers develop strategies and tactics to combat fraud.

The Florida Department of Revenue recently released Tax Information Publication (TIP) 24A01-02 which announced a reduction in the state sales tax on the “total rent charged for renting, leasing, or granting a license to use real property” from 4.5% to 2% as of June 1, 2024.

We are halfway through the year and we all know how quickly time passes after the summer. Below are the top five things you can do now to make your January 2025 information reporting process go smoothly.

Are you looking to catch a financial break in these challenging times? Mark your calendars for the weekend of July 26th – July 28th because it's tax-free weekend in Tennessee.

The new legislation eliminates the minimum franchise tax base which was based upon the value of real and tangible property owned and rented in TN. Beginning with tax periods ending on or after January 1, 2024, the franchise tax will be based solely upon apportioned net worth.

Here are the top five issues experienced by auditors during field work and ways to resolve them to keep the efficiency you’ve already achieved.

The final regulations don’t change the fundamentals of the tax credits that most electric vehicle consumers have grown familiar with.

One of the largest and most stressful expenses for businesses is payroll. New legislation going into effect July 1st of this year has the potential to impact the payroll of businesses in all industries.

Employee turnover often triggers a wave of issues for a company and its human resources department. Even 401(k) retirement plans — one of the most sought-after employee benefits — can be impacted when a substantial number of employees are involuntarily terminated.

On December 13, 2019 the U.S District Court approved a $5.54 billion settlement to the plaintiffs in a class action lawsuit against Mastercard & Visa.

In February, 2016, the Financial Accounting Standards Boards (FASB) issued an Accounting Standards Update (ASU) 2016-02 to significantly change how operating leases were to be recorded to comply with accounting principles generally accepted in the United State of America (US GAAP).

Regulatory requirements and filing deadlines set forth by the Employee Retirement Income Security Act (ERISA).

April is Financial Literacy Month.

You've filed your return, what do you do next?

Two significant regulatory changes to retirement plans require immediate attention from plan sponsors, both to ensure current operational compliance and to comply with upcoming deadlines.

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