Update December 27, 2024 – the injunction prohibiting enforcement of the BOI report is back in place until the motions panel decides, on an expedited basis, the appeal filed last week. The injunction prohibiting enforcement of the BOI report has been stayed. Accordingly, as of today, many companies are required to file this report by …

Continue reading ‘Updated – Still Unenforceable – The filing requirement for the BOI report is back in place and many companies registered prior to January 1, 2024 have to file this report by the end of this year’ »

A federal court has issued an injunction prohibiting the government from enforcing the BOI report which was required from most corporations and partnerships by the end of this year. Given the incoming administration, I would be very surprised if the law is going to be enforced in the future, Here is a LinkedIn post regarding …

Continue reading ‘Beneficial Ownership Information report is now unenforceable for the time being’ »

California and New York employers are going to have to pay additional FUTA taxes in January for this year because they have an outstanding federal unemployment account loan . https://oui.doleta.gov/unemploy/futa_credit.asp

Here’s a great article on upcoming Employment Law changes in California in 2025 https://www.fisherphillips.com/en/news-insights/all-new-california-workplace-laws-you-need-to-know-2025.html

All taxpayers are now eligible to request a security pin from the IRS in order to minimize identity theft and someone filing a false tax return using your Social Security number. https://www.irs.gov/pub/irs-pdf/p5367es.pdf

The IRS will start accepting 2020 tax returns on February 12. This is a lot later than previous years. #IRS #TaxSeason #TaxFilingDate https://www.irs.gov/newsroom/2021-tax-filing-season-begins-feb-12-irs-outlines-steps-to-speed-refunds-during-pandemic

PPP Extension is Now Law Signed – It’s now official https://lnkd.in/gaFupbJ #ppploanforgiveness#PPPExtensionSigned

AICPA article on deducting business meals under the new tax law

Paypal phishing e-mail  . I don’t know how many times I have said this, but NEVER EVER click on a link in an email you receive even if you know who the person or company is.   If it’s a company, go to your web browser and open up the company website and sign in …

Continue reading ‘PayPal Phishing e-mail – Another reason not to click on links in emails’ »

I’ve previously posted to ignore any threatening phone calls allegedly from the IRS. We are now becoming aware of a scam where people are sending out fake IRS notices requesting money. You need to talk with a tax professional before you answer any IRS notice Fake CP 2000 Notice