Is the BOI Already Dead?

Is the BOI already dead? A federal judge has ruled that the Corporate Transparency Act (CTA) and its beneficial ownership information (BOI) reporting requirement are unconstitutional, but only for the National Small Business Association (NSBA) and its 60,000+ members as of March 1, 2024. The ruling, however, has the potential to have nationwide consequences as […]

IRS Improvements to Assist Taxpayers

The IRS has released some new improvements to assist taxpayers this filing season. This includes expanding in person services and a reduction in wait times on the IRS toll-free call line with a new customer callback feature. There have also been improvements to online resources such as the “Where’s My Refund?” tool and the paperless […]

New Income Tax Brackets for 2023

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The IRS has adjusted tax brackets, the standard deduction, and more for 2023 to adjust for inflation. See how you could be affected in the following article from CNBC: IRS: Here are the new income tax brackets for 2023