Businesses must now electronically file Form 8300, reporting cash payments over $10,000. This change enhances tax compliance and combats illicit activities.
1099-K reporting threshold remains at $20,000 for 2023; $5,000 threshold planned for 2024.
Starting in 2024, small businesses with 10 or more information returns must file electronically.
Prepare for a smooth transition into 2024 with these crucial December tax tasks for businesses.
As the year draws to a close, ensure a smooth financial transition with these 5 essential QuickBooks Online tasks before January 1.
Unlock the power of business valuations! Navigate critical aspects of ownership, from strategic decisions to financial success.
Discover benefits and steps in converting personal vehicles for business. Maximize tax savings with expert advice on legal implications and process.
Maximize savings with the Work Opportunity Tax Credit (WOTC), offering up to $9,600 per eligible employee. Learn key strategies and certification processes for financial benefits.
It is common practice during the holidays for employers to give their employees gifts, but there are tax implications. Watch this video to learn more.
The IRS provides a withdrawal option for those pressured by ERC marketers, treating withdrawn claims as if never filed, penalty-free.
JS Morlu LLC
2200 Opitz Blvd, Woodbridge
Virginia 22191, USA
Tel: 703 594 4944
Email: [email protected]
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