CORPORATE TAX | 11/30/2024 Employee health coverage is a cornerstone of many companies’ benefits packages. However, navigating the administrative responsibilities that come with offering health insurance can be challenging. A critical aspect of this process involves understanding the reporting requirements set by federal agencies like the IRS. Is your business required to comply, and what …
INDIVIDUAL TAX | 08/10/2024 Equity-based compensation is a valuable tool for attracting and retaining top talent, but it comes with complex tax and accounting implications. Common forms of equity-based compensation include: Understanding the nuances of equity-based compensation is critical to managing tax liabilities and ensuring compliance with IRS and financial reporting requirements. Tax Considerations for …
REGULATION | 01/01/2024 Earlier this week, the U.S. Department of Labor (DOL) finalized its ruling on determining employee versus independent contractor status under the Fair Labor Standards Act (FLSA). This decision follows the proposed regulations released in October, with the final ruling largely aligning with the earlier draft. The updated regulations mark a return to …