Beginning in 2024, most small to mid-size businesses formed under state law will be required to report their BOI. Existing businesses have until the end of the year, but new businesses formed in 2024 only have 90 days from the date of formation to file a report.

This week we will look at some of the more common forms that you should be watching for in the coming weeks and months.

Hopefully, you followed some of the suggestions outlined in Publication 552 to organize your records. I

We are going to take a break from our tax and business tips this week. Instead, the family of Bradstreet & Company would like to wish you and your family the most joyous holiday season and best wishes for 2023.

As a beneficiary, how should you navigate these waters? Asking a few key questions can help ensure that you make the right choices in line with your values and life situation.

Ask these questions for an inheritance of any size

In the past, the IRS only required electronic filing of 1099s if filing over 250 returns. They have reduced this amount to 10 returns and are combining all tax forms to get this number, including W-2's. Our office has obtained the Transmitter Control Code (TCC) and we are ready to assist all of our clients with this process.

IRS Commissioner Danny Werfel has announced that the IRS is going after 1,600 millionaires who owe at least $250,000 each and collectively owe hundreds of millions of dollars, as part of an expanded push to make sure that wealthy taxpayers pay what they owe.