Last week, Smith Schafer Tax Managers, Joe and Kyle, presented at the IFC National Marketing conference at Treasurer Island. They gave updates on the state of taxes in 2022, pass-through entity taxes, planning strategies, and more. Click below to download a copy of the presentation.
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On January 19, 2024 the House Ways and Means committee approved the Tax Relief for American Families and Workers Act of 2024.
The IRS issued Announcement 2024-3 on December 21, 2023 to roll out the Voluntary Disclosure Program. The program is a process to pay back the ERC credit for recipients who believe they received it in error.
Effective from January 1, 2024, new and existing business entities (with exceptions) must comply with
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