Income Tax

73% of workers with a side hustle are actively thinking about quitting their job. 60% of workers said that they would rather quit their job than return to the office five days a week.

From tight deadlines to too much work, achieving work-life harmony during the busy season can be challenging.

The new case involves a complex series of transactions where three brothers intermingled their business and personal interests.

The new deadline of Oct. 16 applies to California and federal individual and business tax returns and payments.

The Inflation Reduction Act reintroduces the corporate AMT, but with major changes, and it only applies to certain corporations, but a company only needs to pass the book income test once to be subject to AMT.

Although the most significant advantage is the limited liability protection it provides its shareholders, the S Corp election also avoids the double taxation incurred by C Corps.

Beginning in 2027, for calendar year taxpayers, a public company’s covered employees will include Current Law Covered Employees as well as the next five highest paid employees.

His nomination was approved by the committee on a 17-9 bipartisan vote. The full senate will now vote on his confirmation.