President Biden has released his proposed budget for the federal government for the 2024 fiscal year. The budget, which aims to cut the deficit by nearly $3 trillion over 10 years, includes numerous provisions that would affect the tax bills of both...
The U.S. Supreme Court recently weighed in on an issue regarding a provision of the Bank Secrecy Act (BSA) that has split two federal courts of appeal. Its 5-4 ruling in Bittner v. U.S. is welcome news for U.S. residents who “non-willfully” violate the...
By Glenn Harper, Julie Smith, and Kristin Taylor Let’s face it. You’re living the American dream. You have the opportunity to do work you love, create opportunities for others, and live out your mission. You are an entrepreneur. But being an entrepreneur comes...
The Secure Act 2.0 was signed into law at the end of 2022, making significant changes to help Americans save more for retirement. It has important implications for business owners. This is a great example of a business advisory topic business owners should be trusting...
Now that the world is traveling again, here is exactly what you need to know about business travel deductions for tax compliance. First, let’s define ‘business travel’ for purposes of tax compliance. You are an employee or business owner who needs to leave your main...
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