This article was published by the IRS. The Internal Revenue Service has announced that starting Jan. 1, 2024, businesses are required to electronically file (e-file) Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return. This new requirement follows final regulations amending e-filing rules for information returns, including Forms 8300. Businesses that [...]
There are many reasons to check your tax withholding. This means looking to see how much money your employer is withholding from your paycheck for federal income tax. Remember, you can visit IRS.gov/withholding any time for more info. It's a good idea to check your withholding as it will help you avoid a surprise at tax [...]
If you are an employer, here is an important filing deadline reminder. The law requires you to file a copy of the W-2 forms you give to your employees by January 31st. You are also required to file the W-3 forms. Remember, you need to send these forms to the Social Security Administration. In addition, if [...]
This article was published by the IRS. During open enrollment season for Flexible Spending Arrangements (FSAs), the Internal Revenue Service reminds taxpayers that they may be eligible to use tax-free dollars to pay medical expenses not covered by other health plans through their FSA. For 2024, there is a $150 increase to the contribution limit for [...]
A project estimate is the beginning of the client relationship and is especially crucial to getting a construction project off the ground. Accurate job costing is needed to verify the financial viability and profitability of a project; it’s also a prerequisite to a successful bid. Accurate job estimates along with Work-in-Progress (WIP) reports shared with the [...]
