by Candy | Mar 18, 2022 | Business, Featured, Taxes
Beginning in 2022, the Internal Revenue Service has enhanced its e-file capabilities so that organizations can now file Form 1024, “Application for Recognition of Exemption Under Section 501(a) or Section 521 of the Internal Revenue Code,” electronically. This form is...
by Candy | Mar 15, 2022 | Business, Featured, Taxes
As our country shifts from a manufacturing based economy to a service-based economy, more and more states have begun implementing taxation on select services. This year we could see an increase in taxation on services as Indiana and Nebraska are looking to pass...
by Candy | Mar 10, 2022 | Taxes
The Internal Revenue Service announced in December that they will begin offering the ability to electronically file the new Schedules K-2 and K-3 for the 2021 tax year. This is a new requirement from the IRS for those who have items of international tax relevance. If...
by Candy | Mar 3, 2022 | Business, COVID-19, Featured, Shared, Taxes
COVID-19 continues to have a significant impact on how business is conducted for employers. One of the biggest changes we have seen is the shift from working in an office setting to having an entire remote workforce. Although there are many benefits to having...
by Candy | Feb 18, 2022 | Taxes
Municipal property-valuation officials from all over the country recently came together to discuss with President Joe Biden’s administration the widespread issue with unfairness in local property taxes. It was requested by these officials to tap into national data...
by Candy | Feb 15, 2022 | Business, COVID-19, Taxes
During the pandemic, the Internal Revenue Service has expanded its telework program to allow employees to work in their homes. According to a recent report from the Treasury Inspector General for Tax Administration (TIGTA), in March of 2020 there were approximately...
