Under the American Rescue Plan (ARP), the IRS plans to lower the Form 1099-K reporting threshold for third-party platform payments. The...

The mansion tax in California went into effect on April 1, 2023. The mansion tax is a form of property tax that is imposed on high-value...

The Dirty Dozen is a list that the IRS compiles of the most common scams that taxpayers might come across. Taxpayers might come across...

The Corporate Transparency Act (CTA) was passed in 2021 but did not come into effect until January 1, 2024. It is important to note that...

Under the Biden-Harris Administration, the United States has witnessed a significant surge in business formation, with 16 million new...

The real estate industry is going through a transformation as the National Association of Realtors changes its commission structures....

In Illinois, discerning whether an individual is an employee or an independent contractor carries significant implications for legal...

Personal liability refers to the legal responsibility of individuals for their actions or obligations. In the context of owning a...

As a business owner, your plate is undoubtedly full. From managing day-to-day operations to overseeing finances and fostering growth, the...

In 2017, the National Federation of Independent Business (NFIB) collaborated with Congress to enact significant tax relief measures for...