15 January 2024

The 2024 tax filing season commences on January 29, as announced by the IRS, introducing significant enhancements to aid taxpayers. This period marks the start of accepting and processing 2023 tax returns, affecting over 128 million individuals.

20 December 2023

As tax season approaches, it's crucial for both businesses and individuals to prepare effectively. This guide offers key insights to ensure a smooth tax filing process.

15 December 2023

The Corporate Transparency Act (CTA) introduces significant reforms to enhance financial transparency in the United States. This legislation requires specific U.S. entities to report beneficial ownership information (BOI) to the Financial Crimes Enforcement Network (FinCEN), a bureau of the Treasury Department. Aimed at combating money laundering, financing of terrorism, and other illicit activities, the CTA represents a substantial change in the regulatory landscape for American businesses.

07 December 2023

The IRS has released several announcements in November 2023, including the Energy Credit Online tool for clean vehicle sellers, the 2024 tax inflation adjustments, and the delay in the Form 1099-K reporting threshold.