State Tax Nexus and Remote Work: Is Your Business at Risk?

The rise of remote work has transformed how businesses operate, but it has also introduced new tax challenges—especially when it comes to state tax nexus. Many companies are unknowingly triggering tax obligations in states where they have remote employees, potentially exposing themselves to tax liabilities, penalties, and compliance burdens.

Sales Tax Compliance in 2025: Staying Ahead of New Rules and Regulations

Sales tax compliance continues to evolve, with new rules and regulations emerging at both the state and federal levels. Businesses selling across multiple states—whether through e-commerce or brick-and-mortar locations—must stay ahead of changing requirements to avoid penalties and costly audits.

Employee Retention Tax Credit (ERTC) Audits: How to Prepare

The Employee Retention Tax Credit (ERTC) was a critical relief measure for businesses during the COVID-19 pandemic, offering substantial tax credits to help employers retain staff. However, the IRS has significantly increased its scrutiny of ERTC claims, leading to more audits and compliance reviews. Businesses that claimed the ERTC must be prepared to substantiate their eligibility and ensure they have the necessary documentation to avoid penalties.

The Latest BOI Update for US Companies

There has been , yet again, another significant update regarding Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA). The Financial Crimes Enforcement Network (FinCEN) has issued an interim final rule that removes the requirement for U.S. companies and U.S. persons to report BOI to FinCEN.

6 Essential Tips for Small Business Payroll Tax Compliance

Staying compliant with payroll tax laws is crucial for small businesses. Mistakes can lead to fines, strained employee relationships and even legal consequences. Below are six quick tips to help you stay on track.

Do You Have an Excess Business Loss?

If an individual taxpayer has substantial business losses, unfavorable federal income tax rules can potentially come into play. Here’s what you need to know as you assess your 2024 tax situation.

How the Latest Tax Law Changes Could Impact Your 2024 Tax Return

Tax season is here, and if you’re preparing to file your 2024 return, you’ll want to be aware of recent tax law changes that could impact how much you owe or how much you get back in refunds. From adjustments in tax brackets to changes in deductions and credits, here’s a breakdown of key updates to consider when filing this year.

Maximize Your Deductions: Overlooked Tax Breaks for Small Business Owners

As tax season approaches, many small business owners are leaving money on the table by overlooking valuable deductions. Staying informed about tax law changes and exploring lesser-known breaks can significantly reduce your taxable income. Here are some often-overlooked deductions to help you keep more of your hard-earned money:

Top 5 Tax Season Mistakes That Can Trigger an IRS Audit—And How to Avoid Them

No one wants to face an IRS audit, yet certain mistakes during tax season can increase your chances of being flagged. Here are five common missteps to avoid:

Demystifying Section 1231: How Gains and Losses Impact Business Asset Sales

When selling business assets, understanding the tax implications is crucial. The IRS categorizes gains and losses into different types based on the asset sold and how long it was held. Here’s a breakdown of key tax classifications and how Section 1231 treatment can benefit business owners.