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New entrepreneurs think about production, marketing, sales and human resources - but often forget the tax angle. You need to be on top of your IRS situation from day one.

Wisconsin recently enacted 2021 Wis. Act 87  which provides for a one-time unclaimed property voluntary disclosure program that runs from February 1, 2022 through February 28, 2023. Businesses, organizations, and government entities that have unclaimed property to...

The 2021 tax landscape was filled with headlines about new, possible, and pending legislation. When the year ended, taxpayers were left with many questions about what taxes would look like in 2022. For now, the Build Back Better Act is on hold, and many provisions of...

The Internal Revenue Service recently announced that it will issue informational letters to Advance Child Credit recipients.  If you received such payments, this information will be necessary to your 2021 tax preparation in order to avoid delays in processing and...

The Internal Revenue Service issued the 2022 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes.    [button...

The Internal Revenue Service (IRS) announced today that the amount individuals can contribute to their 401(k) plans in 2022 has increased to $20,500, up from $19,500 for 2021 and 2020. Please click below for additional information regarding this update.   [button...

As the unemployment rate falls from its 2020 high, employees are switching jobs in record numbers. The new stability in the economy means workers have more leeway to shop around for jobs that fit their lifestyles, needs, and values. Now, the onus is on employers to...

Updated as of October 21, 2021 | Originally blogged on October 18, 2018 Click here for the most up-to-date Economic Nexus Thresholds...