Visit this page for important and timely alerts, developments, and updates from the IRS and Treasury Department that businesses and individuals may need to prepare for.

  • Tax Alert OBBBA

Navigating New Tip, Overtime, and 1099 Rules Under OBBBA

August 5, 2025|

Learn about the series of payroll-related changes that are taking effect under the One Big Beautiful Bill Act (OBBBA), beginning in 2025. The law introduces new tax deductions for tips and overtime pay, and it adjusts the reporting thresholds for issuing 1099 forms.

  • Tax Alert OBBA

Key Tax Changes in the One Big Beautiful Bill

July 11, 2025|

What’s in the One Big Beautiful Bill? Signed into law on July 4, 2025, this sweeping legislation includes more than 100 tax provisions. It builds on the Tax Cuts and Jobs Act (TCJA), modifying and in some cases permanently extending key provisions. The bill aims to update the tax code, stimulate business investment, and introduce new benefits for individual taxpayers. It also accelerates the phaseout of several clean energy incentives.

  • Hurricane Debby Tax Relief and Deadline Extensions

Tax Relief and Deadline Extensions for Hurricane Debby

August 13, 2024|

Taxpayers impacted by Hurricane Debby in South Carolina, North Carolina, Florida, and Georgia now have until February 3, 2025 to make certain tax payments and file various tax returns, including 2023 individual and business tax returns currently on extension.

  • IRS building alert message

IRS Launches ERC Voluntary Disclosure Program

February 27, 2024|

The IRS launched the Employee Retention Credit Voluntary Disclosure Program (ERC-VDP), providing an opportunity for employers to correct mistaken Employee Retention Credit (ERC) claims penalty-free, with submissions due by March 22, 2024.

US Treasury Building

Beneficial Ownership Information (BOI) Report

October 3, 2023

Starting on January 1, 2024, millions of entities will be subject to new reporting requirements. The Beneficial Ownership Information (BOI) Report is a non-tax form that entities must file with the Department of Treasury’s Financial Crimes Enforcement Network, or FinCEN.

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