Preparing for W-2 and 1099 Season
W-2 filing season is around the corner. Are you prepared? The holidays are around the corner, and before you know it,…
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Nov 14, 2023
News
Tag: Taxes
Aug 24, 2022
Biden Signs the Inflation Reduction Act of 2022
Written by Drew Nicol, CPA On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (the Act) into law. This $740 billion…
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Apr 20, 2022
Significant Amendment to the Alabama Accountability Act
Written by Steve Smith, JD, CPA On April 14th, Governor Ivey signed Senate Bill 261 (SB261) into law, raising the current cap on contributions under…
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Feb 23, 2022
Update on the Alabama Electing Pass-Through Entity Tax Act Enacted During 2021
[The summary information below is not complete and is for informational purposes only. The information is not intended to be, nor should it be, construed…
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Jan 25, 2022
IRS “Report Card” Warns of a Challenging 2022 Filing Season for Taxpayers and Tax Professionals
By Steven N. Smith, CPA, JD The 2022 filing season will likely be a frustrating experience for both taxpayers and tax professionals. Individual returns can…
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Dec 01, 2021
Federal 941 Payroll Tax Lookback Procedures
IRS Notice 931, Deposit Requirements for Employment Taxes, lists requirements for depositing payroll taxes such as federal income, social security and Medicare taxes. If your…
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Sep 22, 2021
The Importance of Retaining Tax Records
By: Cooper Melvin, J.D. We discussed in a recent Beyond the Bottom Line that the Biden administration’s tax plans include significant funding increases for the…
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Sep 22, 2021
Business Personal Property Tax (Ad Valorem) – Looking Forward
Business Personal Property Tax Return deadlines are quickly approaching! Take a look below at some of the things to consider in the coming weeks. What…
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Jun 16, 2021
Treasury’s Green Book Provides Details on the Administration’s Tax Proposals
On Friday, May 28, 2021, the Treasury Department issued the “General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals.” Also known as the “Green…
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