PLEASE READ THIS NEWSLETTER IN ITS ENTIRETY. THERE IS A STRONG LIKELIHOOD IT WILL APPLY TO YOUR SITUATION. December, 2023 THE CORPORATE TRANSPARENCY ACT On January 15, 2021, a new law was passed by Congress, the “Corporate Transparency Act” (hereafter referred to as CTA). It is intended to be a tool against money laundering, […]
Category: Tax Issues
Fair Wages and Healthy Families Act
Proposition 206, passed by Arizona’s legislature in November of 2016, mandates new rules for the issuing and use of paid sick leave for all Arizona employees with the exception of Arizona and Federal government employees. The following points should be considered and implemented: Employees begin accruing sick leave on July 1, 2017, or on their […]
Tax-Related Data Breaches
The IRS has experienced an increase in fraudulent filing problems. The Government Accountability Office issued a report in January titled “Identity Theft and Tax Fraud”. The report states that while the IRS prevented $24.2 billion in fraudulent identity theft refunds in 2013 the IRS actually paid out $5.8 billion that were only realized as fraudulent […]