Beneficial Ownership Information (BOI) Update – Reporting Paused
As expected, the Beneficial Ownership Information (BOI) requirement has taken yet another dramatic turn. Read More
Corporate Transparency Act – BOI – Reinstated With March 21, 2025 Deadline
Beneficial ownership reporting requirements (BOI) are back in effect, with a new deadline of March 21, 2025 for most companies. Read More
2025 Standard Mileage Rates Announced
As it does every year, the Internal Revenue Service recently announced the inflation- adjusted 2025 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes. Read More
Now That Trump is Back in Office, Here’s What to Expect for Your Taxes in 2025 and Beyond
With President Donald Trump back in the White House for a second term, Americans can expect to see major tax law changes in the years ahead. Read More
Federal Agency: Small Businesses Don’t Have to File Beneficial Ownership Reports
A court order blocking the Corporate Transparency Act remains in effect, a federal agency says. Read More
Will the limits on state and local tax deductions finally be ended in 2025? Trump says yes.
Finally, the long-sought lifting of the cap on state and local tax deductions seems to have the support it needs in Congress. Read More
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BOI Reporting aka Ping Pong
While you as a business owner or as a CPA/EA, your clients, operate with integrity, you or they nevertheless will likely have to file with FinCEN. Ignoring the new reporting requirements is not an option—staying current on these changes is key to navigating this new landscape successfully. Read More
Evolving Wealth Management: AI-Driven Tax Diagnostics are Changing the Game
Discover how AI-driven tax diagnostics are revolutionizing wealth management by offering unprecedented insights and precision. Delve into the future of finance, where intelligent algorithms optimize tax strategies, enhance portfolio performance, and unlock new avenues for maximizing wealth in ways you never imagined possible. Read More
AI and Taxes: Finding Cap Gains Tax Reduction Through Hidden Tax Code Incentives
Dive deep into expert strategies that can transform your financial game plan, helping you retain more of your hard-earned wealth by unveiling the overlooked tax breaks designed to slash your capital gains. Read More
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