by Rollin Groseclose | Sep 24, 2025 | Tax, Tax Consulting, Tax Watch
Update: On September 25, 2025, Denise Davis, Director of the IRS Taxpayer Services Division, provided additional details regarding the IRS’ transition to electronic payments for tax year 2025 filings. Key highlights include: Main focus: Shifting to electronic payments...
by Rollin Groseclose | Apr 22, 2025 | Business Consulting, Disaster Response & Incentive Advisory, NonProfit, Professional Services, Tax, Tax Watch
The IRS has extended federal tax filing and payment deadlines to September 25, 2025, for taxpayers in FEMA-designated disaster areas. Specifically, this relief is granted due to the lingering effects of Hurricane Helene. The previous postponement to May 1 has been...
by Rollin Groseclose | Mar 10, 2025 | Tax, Tax Watch
The Treasury Department’s approach to Beneficial Ownership Information (BOI) has seen significant updates recently, including new guidance. Beneficial Ownership Information (BOI) refers to the details about the individuals who ultimately own or control an...
by Milton Howell, CPA | Jul 10, 2024 | Mergers & Acquisitions, NonProfit, Tax, Tax Consulting, Tax Watch
In today’s world of higher standard deductions and fewer itemized deductions, the Qualified Charitable Distribution (“QCD”) is a powerful tool that should be considered. For eligible taxpayers who have charitable obligations to meet, this is a winning strategy with...
by Mike Smith, CPA, CHBC | Nov 28, 2023 | Fraud, Healthcare, International, Manufacturing & Distribution, Professional Services, Real Estate & Construction, Tax, Tax Consulting, Tax Watch
Executive Summary A new federal law will require small business entities to submit their beneficial owners’ identification documents to a federal database in 2024. Aimed at combatting global financial crime, the Corporate Transparency Act (CTA) will affect an...
by Drew Haddock | Jul 11, 2023 | Business Consulting, Real Estate & Construction, Tax, Tax Consulting, Tax Watch
On June 13, 2023, the Ways and Means Committee of the U.S. House of Representatives voted favorably on H.R.3937, the Small Business Jobs Act (SBJA). Supporters say the bill would help small businesses and gig economy workers, encourage small business investment and...
