News

The U.S. Department of Labor’s new rule reinstates the “economic reality test” for distinguishing employees from independent contractors and underscores the significant legal and financial consequences of misclassification. This article provides an overview of the rule, its implications, and the steps employers must take to ensure their worker classifications are under the updated guidelines.

Are you equipped to handle a sudden financial gain? Learn four steps you can take to navigate tax planning and potential tax burdens associated with a financial windfall.

Are you equipped to assess an unexpected bid for your business? Learn how to strategically assess such bids with our latest article. Equip yourself with the knowledge to make the best decision for your business’s future.

Discover how the IRA’s expanded energy tax credits offer substantial incentives for a range of projects, from solar power to energy storage. Delve into the specifics of these credits and learn how these changes can benefit project developers and innovators in the energy sector.

Discover the benefits of private foundations for managing charitable giving and how they differ from donor-advised funds. Gain greater control and flexibility over your philanthropic efforts while creating a lasting legacy of giving for future generations.

While inheriting an IRA can be a boon, it’s crucial to understand the rules governing it to avoid unnecessary taxes or penalties. 

IRS declares immediate moratorium on processing new claims for Employee Retention Credit due to concerns of scams and improper claims, urging businesses to seek advice from trusted tax professionals.

As more companies embrace remote work, employers need to be aware of the various rules and regulations that can apply to remote employees. The implications of remote work crossing state lines can be complex and, if not properly managed, may create significant administrative burdens or legal problems for employers. Learn about key considerations for managing remote workers across state lines.

Employers must protect their interests when employees leave or join their company, but the use of non-compete agreements and similar contracts is becoming increasingly regulated at the state and federal levels. This article explores common business agreements and best practices to mitigate potential risks.