Tax & Accounting Blog
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SECURE Act 2.0 – Provisions Impacting Employers
The SECURE Act 2.0 was signed into law by President Biden on December 29, 2022. Included as part of the Consolidated Appropriations Act of 2023, it provides additional retirement savings reforms designed to expand access to and increase participation in workplace retirement plans
IRS Announces Form 1099-K Reporting Relief
In the past, individuals and businesses would only receive a 1099-K form under certain circumstances. This includes when there were over 200 transactions or gross payments totaling more than $20,000 received through payment apps or credit card processors.
How to Improve Your Construction Company’s Profitability
Improving your construction company’s profitability is vital as profit reflects a company’s stability. Higher levels of profitability encourage continuous growth and sustainable expansion.Improving profitability can be achieved by adopting effective strategies and...
How Will the SECURE Act 2.0 Impact Individuals?
The SECURE Act 2.0, was signed into law on December 29, 2022. The legislation calls for several changes, including an increase in the RMD age, distributions for federally declared disasters, early distributions for terminal illnesses, and changes to catch-up contribution rules.