Running a business is hard. Even before the current challenges of inflation and staffing shortages, management had a lot on its plate: procurement, production, research and development, marketing, payroll, accounting,…
Tax Alert: Penalty Relief for Delinquent International Information Returns Filed by September 30
As part of annual tax return compliance, the IRS requires additional information returns to be completed related to investments and intercompany transactions with foreign subsidiaries and trusts. These returns often…
The Superfund Chemicals Excise Tax Makes a Comeback
Nearly three decades after expiring, the Superfund chemical excise tax is back. This excise tax, which is imposed on certain chemicals and imported chemical substances, was reinstated effective July 1,…
How the Inflation Reduction Act Affects Corporate and Individual Taxes
President Biden signed the Inflation Reduction Act into law on August 16, 2022. The bill contains provisions intended to fight climate change, reduce health care costs and lower the federal…
Employers Beware: Wellness Programs Promise Tax Savings, Create Liabilities
Wellness coaching, personal health dashboard, higher take-home pay, no out-of-pocket costs – all of this sounds like a great employee benefits experience, doesn’t it? From an employer perspective, what if…