May 5, 2026 | Closely Held Business, Featured News and Events, Personal Financial Planning, Tax News
As reported by Accounting Today, many accounting firms are starting to see an increase in scams involving the CP53E notices that the Internal Revenue Service has been sending to taxpayers this year when they do not provide their direct deposit information. The notices...
Jan 29, 2026 | Business Planning, Closely Held Business, Personal Financial Planning, Tax News
Reposted from the IRS News release, January 27, 2026 news article. WASHINGTON — The Internal Revenue Service today issued frequently asked questions in Fact Sheet 2026-02 PDF to help taxpayers, businesses, and other stakeholders understand the changes under Executive...
Oct 16, 2025 | Business Planning, Closely Held Business
A de minimis benefit is a small, infrequent perk provided by an employer, intended to be so minor that it would be impractical or unreasonable to consider it taxable income. Rather than allowing employers to decide what benefits are de minimis, the IRS has established...
Sep 23, 2025 | Business Planning, Closely Held Business, Tax News
Signed into law on July 4, the One Big Beautiful Bill Act significantly impacts how pass-through entities are taxed at the federal level. S corporations, partnerships, limited liability companies and sole proprietorships are the most common structures for small and...
Sep 16, 2025 | Business Planning, Closely Held Business, Personal Financial Planning, Tax News
The number of freelancers in the U.S. is steadily rising. In 2017, there were 57.3 million freelancers. In 2023, there were 73.3 million. By 2028, Statista projects there will be 90.1 million freelancers. That is an increase of over 40% in a little over a decade!...
Aug 19, 2025 | Business Planning, Closely Held Business, Tax News
Tariffs are a long-standing tool of economic policy, but that doesn’t make them easy for companies to navigate. Recently, tariffs have been imposed, lifted and then revised, making it difficult for companies to predict short-term costs. U.S. businesses may face...
