In December 2022, President Biden signed the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act. Among other things, the sweeping new law made some significant changes to so-called catch-up contributions, with implications for...

As our world becomes more interconnected, the risk of cyber threats continues to increase. Among these threats, ransomware is one of the most common and devastating attacks. These attacks have proven to be a lucrative venture for cybercriminals, ofte...

The day-to-day demands of running a business can make it difficult to think about the future. And by “future,” we’re not necessarily talking about how your tax liability will look at year-end or how you might grow the bottom line over the next ...

In the latest slew of news and updates from the IRS, the organization also recently announced that interest rates will increase for the calendar quarter beginning Oct. 1, 2023.  For individuals, the rate for overpayments and underpayments will be 8%...

The IRS has announced tax relief will be provided to individuals and businesses impacted by Hurricane Idalia in areas of Florida. Taxpayers who live or own a business within any of the disaster areas designated by the Federal Emergency Management Age...

With the new school year kicking off, the IRS recently issued a reminder to eligible educators to deduct out-of-pocket classroom expenses up to $300 when filing their federal income tax returns next year. Married taxpayers filing jointly with another...

Governor Greg Abbott signed legislation on Aug. 9, 2023, delivering the largest property tax cuts in Texas history. The $18 billion property tax relief package includes provisions such as:   Increasing the homestead exemption from $40,000, to $100,...

Businesses that operate in the retail or restaurant spheres have it relatively easy when it comes to collections. They generally take payments right at a point-of-sale terminal and customers go on their merry ways. (These enterprises face many other ...