If you have employees age 50 or older who earn $145,000 or more in FICA wages, a significant retirement plan change is coming your way.
Tag: IRS Updates & Regulations
Executive Order #14247
On September 30, 2025, a major shift in how Americans receive and send money to the federal government will take effect. What does this mean for federal payments and your finances?
New in 2026: Paid Family and Medical Leave Comes to Minnesota
Business Meal Deductions Are Changing: What Employers Need to Know Before 2026
If you missed the fine print in the new tax legislation, you’re not alone. Tucked into the One Big Beautiful Bill Act, signed into law on July 4, 2025, is a significant change that will impact many businesses starting in 2026: employer-provided meals will no longer be deductible.
One Big Beautiful Bill Act: What You Need To Know
The One Big Beautiful Bill Act was signed into law on July 4, 2025. It includes several extensions of the Tax Cuts and Jobs Act of 2017 as well as many new provisions. Here are some key business and individual tax items we want to highlight.
Erroneous CP161 Notices for 2024 Form 1041 Filings
Did you receive a CP161 notice from the IRS? It’s possibly an IRS error.
