Form 8300 reporting is not optional—and electronic filing has been required for many businesses since January 1, 2024. Cash payments over $10,000 must be reported accurately, on time, and in the required manner; penalties may apply. Read my blog, Form 8300 compliance reminder: What Businesses Must Do to Avoid Penalties, to ensure your business is compliant at StephanoSlack.com.
The One Big Beautiful Bill Act (OBBBA) brings major changes to how businesses deduct interest expenses under IRC Section 163(j). While the return to the EBITDA calculation offers relief at the federal level, states vary widely in how they apply these rules. Read my blog, “State Tax Treatment of the Business Interest Deduction: What to Expect in PA, NJ, NY, DE, MD, and Florida,” at StephanoSlack.com to see how these states handle the changes and what they could mean for your business.
The One Big Beautiful Bill Act (OBBBA) introduces sweeping changes for businesses, including expanded deductions, new tax credits, and revised accounting rules. These updates create fresh opportunities—but also require careful planning.
The One Big Beautiful Bill Act brings sweeping changes to individual taxes, including updates to the child tax credit, charitable deductions, and new savings accounts for minors. These provisions could impact planning decisions for millions of taxpayers.
After initially stalling in committee, a proposed tax and spending bill advanced late Sunday, May 19, 2025, following intensive negotiations among lawmakers. Though the bill moved past a key procedural step, it has not yet been passed into law and remains subject to...
The federal government is ending paper checks—and that includes tax refunds. Find out what this shift to electronic payments means for you, how it will improve security and efficiency, and who qualifies for exceptions. Read my blog to stay ahead of the upcoming changes.
The BOI rollercoaster isn’t over yet! With the U.S. Treasury suspending penalties, new deadlines pending, and rule changes expected to limit reporting to foreign companies, it’s more important than ever to stay informed. Read my blog to see what’s next for your business.
The Federal Disaster Tax Relief Act provides crucial tax benefits for those affected by federally declared disasters, including eliminating the 10% AGI threshold for casualty loss deductions. Read our blog to discover how these changes can help you maximize relief and recover more from disaster-related financial hardships.
The future of beneficial ownership information (BOI) reporting hangs in the balance as the Supreme Court reviews a nationwide injunction blocking the Corporate Transparency Act. This decision will have significant implications for businesses navigating compliance requirements. Read our latest blog to learn what’s at stake and how it could impact your reporting obligations.