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DOL Issues Final Rule on Independent Contractor Classification

DOL Issues Final Rule on Independent Contractor Classification

On Jan. 10, 2024, the U.S. Department of Labor (DOL) published its final rule (effective March 11) o..

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Proper Preparation Submission & Negotiation - Offers in compromise(OIC)

Proper Preparation Submission & Negotiation - Offers in compromise(OIC)

An offer in compromise (OIC) is an option offered by the IRS that allows a taxpayer to settle their ..

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Schedule C of Form 1040 ( 2024 Updates)

Schedule C of Form 1040 ( 2024 Updates)

Many self-employed or sole proprietors find themselves having to navigate Schedule C in reporting bu..

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IRS Collection Alternatives for Your Financially Distressed Clients

IRS Collection Alternatives for Your Financially Distressed Clients

Receiving a notice from the IRS can be frightening.  Tax liabilities arise from any number of i..

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AI-Powered Excel: Enhancing Spreadsheet Proficiency

AI-Powered Excel: Enhancing Spreadsheet Proficiency

Although artificial intelligence seems like it is suddenly permeating every aspect of our daily live..

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Partnerships and S Corporations: How to Calculate Basis

Partnerships and S Corporations: How to Calculate Basis

The IRS has recently increased the pressure on how to calculate and report partner and shareholder b..

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Calculating Overtime in 2024: How to Get it Right Every Time

Calculating Overtime in 2024: How to Get it Right Every Time

Calculating overtime pay for nonexempt employees sounds so simple. Common folk lore says you simply ..

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