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An important deadline is coming up fast for businesses that had employees in 2024. Missing it can be costly.
You’re probably familiar with the self-employment tax if you own a business. Here’s a refresher on how it works, how much it will increase, and whether there’s anything you can do to reduce it.
Less than a week after an injunction was lifted and allowed BOI rules to be enforced, the requirement is on hold again.
At least 32 million businesses faced a January deadline to comply with new CTA rules. An injunction leaves those rules in limbo.
Implementing tax-reduction strategies now can pay off when your business files its tax return in 2025.
More than 32 million U.S. businesses are required to file beneficial ownership information (BOI) reports this year, but the clock is ticking.
Need another reason to maintain accurate and detailed financial statements? You’ll appreciate having them when it comes time to determine the value of your business.
Employers are left waiting after a court struck down – at least temporarily – a law that would ban most noncompete agreements.
The IRS has brought back a program that allows businesses to repay wrongfully gained employee retention credit money and avoid penalties.
For more information, please view our breadth of services for family-owned businesses:
“KraftCPAs has taken care of the Zeitlin family business for three generations. We all sleep better at night knowing that KraftCPAs is looking out for our best interest.”
Shirley Zeitlin, Zeitlin Sotheby’s International Realty®
