by idei | Sep 25, 2024 | News
Recent limitations set by the Supreme Court on the regulatory authority of federal agencies are influencing the tax landscape, potentially shifting certain legal battles in favor of large corporations rather than the government. In at least five ongoing tax cases,...
by idei | Sep 18, 2024 | TaxBiz
One of the points to take into account, especially for those involved in the business, is what they call “Cannabis Rescheduling”, which means that it has the possibility of becoming a Schedule III controlled substance as opposed to the current and stricter Schedule I,...
by idei | Sep 11, 2024 | TaxBiz
A significant topic of conversation is the 2017 tax legislation, known as the Tax Cuts and Jobs Act (TCJA), which is scheduled to expire at the end of 2025. This legislation introduced major modifications to the tax framework, including: The expansion of tax brackets...
by idei | Sep 4, 2024 | TaxBiz
The Internal Revenue Service (IRS) issued a warning Wednesday cautioning taxpayers to beware of a new scam involving the purchase of clean energy tax credits. The IRS said it’s seeing cases where unscrupulous tax preparers misrepresent the rules for claiming...
by idei | Aug 28, 2024 | TaxBiz
SIMPLE stands for Savings Incentive Match Plan for Employees, indicating that both employers and employees contribute to the plan. ➡️ Employees have the option to defer a portion of their salary into their retirement account, and employers can choose to match that...
