As the IRS and state tax agencies continue to improve their abilities to test tax returns, we're starting to see a trend on testing the basis and their respective adjustments.

One of the newest forms for the 2025 tax year is the 1099-DA - Digital Assets Proceeds.

What is The Public Policy Doctrine? Why does that matter to my small business?

The United States Treasury has been ordered to cease issuing and accepting paper checks.

Consistent with the U.S. Department of the Treasury’s March 2, 2025 announcement, the Financial Crimes Enforcement Network (FinCEN) is issuing an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act.

Summer is official here, and that means your 100% parent-owned sole-proprietorship or partnership may be able to hire your children to help them earn some summer fun money and help your company.

Earlier this year, the Social Security Administration announced it would discontinue certain identity verification services over the telephone. The agency reversed that announcement in mid April. Here is a quick overview of what happened.

U.S. Citizenship and Immigration Services has made minor changes to Form I‑9, Employment Eligibility Verification , to align with...

Excess Business Loss Limitation Your overall business losses may be limited as you cannot deduct an excess business loss in the current year. An excess business loss is the amount by which your total deductions from all of your trades or businesses are more than your gross income or gains from all of your trades or businesses, plus a threshold amount. For 2025, the threshold amount is $313,000 ($626,000 if Married Filing Jointly). Any disallowed excess business loss is treate

President Franklin Roosevelt would choose the social insurance approach as the "cornerstone" of his attempts to deal with the problem of...

The IRS has released the 2025 standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes. The following chart reflects the new 2025 standard mileage rates compared to the 2023 and 2024 standard mileage rates. all rates are per mile 2025 2024 2023 Business Rate* 70.0¢ 67.0¢ 65.5¢ Medical/Moving Rate** 21.0¢ 21.0¢ 22.0¢ Charitable Rate 14.0¢ 14.0¢ 14.0¢ Depreciation Rate

We are all taught to be prepared for a disaster. There are countless resources available to help you prepare for floods, earthquakes,...

For over a decade, we've been fielding a wide array of questions here at The Springer Company. What's become clear is that many small, family-owned businesses face similar challenges. While each business is unique, they often share more in common than you might expect. Question 1: My tax return shows I made money. Why don't I see that in my bank account? It depends on so many factors. While cash business tax returns should "match" the profit or loss against the same amount of

Social Security benefits and Supplemental Security Income (SSI) payments for more than 72.5 million Americans will increase 2.5 percent in 2025, the Social Security Administration announced today. On average, Social Security retirement benefits will increase by about $50 per month starting in January. Over the last decade the COLA increase has averaged about 2.6 percent. The COLA was 3.2 percent in 2024. Nearly 68 million Social Security beneficiaries will see a 2.5 percent c

There have been some changes in how overtime exemption qualifications are meet for employees. The update is on the salary portion of the...

It's a beautiful day outside. You've got something yummy baking away in the kitchen. You hear the familiar sound of your mail box opening...

What is an accounting firm doing talking about estate planning? Knowing how wills works, who should have them, and understanding probate...

While we'd love to tell you how to help employees reach 88 mph to generate the 1.21 jigowatts needed to travel back to the future, this...

We all get excited for our first home! The day eventually comes when we have to sell our home (principal residence). There is always lots...

A digital asset is any digital representation of value which is recorded on a cryptographically secured distributed ledger or similar...