by Enessa | Apr 25, 2023 | News, News Letter, Taxes
The Inflation Reduction Act (IRA) was recently passed by the U.S. Congress to combat rising inflation. The act includes several provisions that affect tax items, including changes to the standard deduction, the alternative minimum tax (AMT), and the estate tax. Let’s...
by Enessa | Jan 20, 2023 | News
The pandemic has impacted how many individuals conduct their business. For example, remote work has continued to be popular among companies and will most likely continue long-term due to COVID-19. Similarly, it has been found that the pandemic has also affected...
by Enessa | Dec 30, 2022 | News, Sales Tax
Many states have been challenging the American Rescue Plan Act of 2021 (ARPA) due to its provisions violating basic principles of the Constitution. ARPA was signed into law by President Biden on March 11, 2021. The legislation was designed to help Americans be able to...
by Enessa | Dec 13, 2022 | Business, News, News Letter, Payroll
If you are a small business owner with staff in multiple states, you know that it can be a difficult task to stay up to date with numerous minimum wage rate changes. Nearly half of our country increased minimum wages for hourly workers after January 1, 2022 in order...
by Enessa | Nov 15, 2022 | Featured, News
Although the Federal Reserve has attempted to slow the economy to get a handle on inflation, the unemployment rate actually declined in September. It was forecasted that the unemployment rate would be 3.7%, however, for the month of September, it was 3.5%. The...
by Enessa | Nov 11, 2022 | Featured, IRS, News
After receiving feedback from taxpayers and practitioners, the IRS Independent Office of Appeals has made updates to their initial contact letters. Previous contact letters that were received were difficult for taxpayers to understand. Therefore the IRS’ goal with...
