by candy | Dec 16, 2024 | Featured, IRS
The IRS has officially ended the possibility of extending (“stretching”) the distribution of inherited IRAs for most non-eligible beneficiaries. Under the new rules, beneficiaries who inherited IRAs in 2020 or later must transfer all assets from the...
by candy | Dec 9, 2024 | Featured, IRS
As part of the ongoing efforts to protect the senior community, the Internal Revenue Service (IRS) has issued a warning about the increasing threat of impersonation scams targeting older adults. These scams involve fraudsters pretending to be government officials to...
by candy | Dec 3, 2024 | Business, Featured, News Letter
Is your business prepared for the 2025 minimum wage changes? With wage increases taking effect on January 1, 2025, staying informed is essential to ensure compliance and manage labor costs effectively. The table below outlines the confirmed minimum wage increases for...
by candy | Dec 2, 2024 | Featured, IRS
The IRS has alerted taxpayers about a new scam involving the purchase of clean energy tax credits. Fraudulent tax return preparers are misrepresenting the rules for claiming these credits under the Inflation Reduction Act (IRA). They are filing returns that improperly...
by candy | Nov 19, 2024 | Featured, News Letter, Payroll, Video Blogs
On November 15, 2024, a federal court in Texas ruled that the Department of Labor had exceeded its authority with the latest rule increasing the minimum salary for exempt employees. This decision completely invalidates the July 1 salary increases, cancels the...
by candy | Nov 15, 2024 | Featured, Video Blogs
Are you struggling to balance sustaining your business today and innovating for tomorrow? Discover the ‘Transformation Triangle’ for aligning transactional and transformational growth and stay ahead in this fast-changing landscape. #BusinessGrowth...