PII. Know it. Protect it.

PII. Know it. Protect it.

The importance of personally identifiable information Personally Identifiable Information, or (PII), is in the spotlight at the IRS, the Federal Trade Commission (FTC) and the Department of Labor (DOL), plus other federal agencies. Moving beyond the buzz and into...
IRS Notices Creating Alarm

IRS Notices Creating Alarm

Here is what to know Beginning In April a number of IRS notices began hitting mailboxes. Unfortunately, the notices are coming in cold, as the IRS is turning on mailing their notices after a long time of being turned off. Their process is creating a lot of undue...
SMALL BUSINESS ALERT: New Federal Reporting Required

SMALL BUSINESS ALERT: New Federal Reporting Required

Especially important for new business startups Beginning in 2024, many small businesses will have to report information about their owners to the Financial Crimes Enforcement Network (commonly referred to as FinCEN), a bureau of the U.S. Department of the Treasury...
2024 Mileage Rates are Here!

2024 Mileage Rates are Here!

New mileage rates announced by the IRS Mileage rates for travel are now set for 2024. The standard business mileage rate increases by 1.5 cents to 67 cents per mile. The medical and moving mileage rates are now 21 cents per mile. Charitable mileage rates remain...
IRS Ends Unannounced Revenue Officer Visits

IRS Ends Unannounced Revenue Officer Visits

The IRS recently announced a major policy change that it will end most unannounced revenue officer visits to taxpayers. This announcement is being picked up by all the major news outlets, but as is usually the case, it lacks context. Here is what you need to know....
2024 Health Savings Account Limits

2024 Health Savings Account Limits

New contribution limits are on the horizon Contribution limits for the ever-popular health savings account (HSA) are set for 2024. And inflation adjustments break through the historic trends of 1 to 2% increase each year. Next year the amount you can save to pay for...