January 24, 2023
The IRS and Treasury Department have issued interim guidance on the corporate excise tax introduced in the Inflation Reduction Act. Here's what you need to know.
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Tax: Business Archives - Page 3 of 9 - GG Advisors LLC
January 20, 2023
The Treasury Department and the IRS issued interim guidance on how the new corporate AMT applies to partnership interests, consolidated return groups and other significant events that affect corporations, including merger and acquisition activities and excepted cancellation of debt income.
January 13, 2023
Over 90 changes to the federal rules governing workplace retirement plans were introduced in the SECURE 2.0 Act of 2022. Here's what you need to know.
December 16, 2022
As we near the end of the year, businesses should keep these reporting obligations in mind.
December 16, 2022
Gear up to make some last-minute tax moves with these often-overlooked tax credits and deductions. Keep reading to see what you could be implementing in your tax plan.
November 4, 2022
The Internal Revenue Service (IRS) announced the updated contribution limits to retirement plans in Notice 2022-55. The new limits are valid beginning in the tax year 2023. Find out the new limits and how they may affect your retirement strategy.
September 27, 2022
The new research and development tax credit claim requirements are more complex than ever. Here is a breakdown of what your business needs to provide and suggestions for executing the process.
September 9, 2022
A key provision of the American Rescue Plan Act passed in 2021 includes lowering the thresholds that trigger a Form 1099-K – Payment Card and Third-Party Network Transactions. This means businesses and individuals may receive this form for tax year 2022, something they may not have seen in previous years.
August 30, 2022
The House of Representatives passed The Inflation Reduction Act (IRA) Friday, August 12, and President Joe Biden signed into law August 16. The legislation was passed through the budget reconciliation process and is expected to pay for itself and decrease the budget deficit.
August 16, 2022
A merger or acquisition rarely runs smoothly. Having the right professionals on your team and knowing what questions to ask can help ease any tax challenges. Here are eight questions to help transition from separate entities to consolidated or subsidiary status.