Breaking down the Tax Relief for American Families and Workers Act of 2024
Key provisions and tax implications of the Tax Relief for American Families and Workers Act of 2024, including what's next for the legislation.
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ArticleComplianceTax & AccountingMay 10, 2024Tax relief for victims of Oklahoma severe storms, straight-line winds, tornadoes, and flooding: IRA and HSA deadlines postponedDue to destruction caused by severe storms that took place in parts of Oklahoma beginning April 25, 2024, the IRS has announced that affected taxpayers will receive tax relief. As a result, certain IRA and HSA deadlines are extended.
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ArticleTax & AccountingMay 08, 2024Wolters Kluwer BEPS Pillar Two Readiness Index ReportThe BEPS Pillar Two Readiness Index is a quarterly pulse check for gauging readiness across global tax jurisdictions subject to BEPS Pillar Two measures.
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ArticleTax & AccountingMay 07, 2024Choosing the right professional tax softwareWhen choosing new tax software, firms should evaluate these seven areas at the start of the process, so they can move forward with confidence.
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ArticleFinanceTax & AccountingMay 07, 2024Minimum tax regulations for multinational corporations in the U.S: Corporate Alternative Minimum Tax (CAMT) vs. BEPS Pillar TwoExplore the intricacies of US minimum tax with a comparison of Corporate Alternative Minimum Tax (CAMT) and BEPS Pillar Two.
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ArticleComplianceFinanceLegalTax & AccountingMay 06, 2024How to start a moving companyIf you’re considering starting a moving company, consider these steps to build a long-lasting successful business.
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ArticleTax & AccountingMay 01, 2024The IRS reminds taxpayers to claim 2020 refunds by May 17The IRS has reminded taxpayers that the deadline for claiming tax refunds for the 2020 tax year is May 17, 2024.
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Case studyTax & AccountingApril 29, 2024Case study: Boost efficiency and customer service with CCH Axcess™ Tax softwarePozerski Hatch & Company, which deals with clients facing complex tax situations, found that CCH Axcess Tax provided them with all the necessary tools to provide accurate and efficient client service.
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ArticleComplianceTax & AccountingApril 29, 2024Individual Retirement Accounts: 2023 contribution reporting on IRS Form 5498The 2023 IRA contribution reporting deadline is May 31, 2024. With this deadline in mind, IRA custodians/trustees should review all IRS Form 5498, IRA Contribution Information, requirements to ensure accurate and timely reporting.