BLS Insights

The Corporate Transparency Act (CTA) was enacted into law as part of the National Defense Act for Fiscal Year 2021. The CTA requires the disclosure of the beneficial ownership information … Continued

The IRS has issued its 2025 inflation adjustment numbers for more than 60 tax provisions in Revenue Procedure 2024-40. Inflation has moderated somewhat this year over last, so many amounts will … Continued

Hurricane Helene and Hurricane Milton have affected millions of people in multiple states across the southeastern portion of the country. It’s just some of many weather-related disasters this year. Indeed, … Continued

Early voting for the 2024 election has already kicked off in some states, but voters are still seeking additional information on the candidates’ platforms, including their tax proposals. The details … Continued

If you are a Delaware employer with 5 or more employees, please pay careful attention to the following information regarding the Delaware EARNS program. The Delaware EARNS (Expanding Access for … Continued

The IRS has published new regulations relevant to taxpayers subject to the “10-year rule” for required minimum distributions (RMDs) from inherited IRAs or other defined contribution plans. The final regs, … Continued

The U.S. Department of Labor (DOL) has issued a new final rule regarding the salary threshold for determining whether employees are exempt from federal overtime pay requirements. The threshold is … Continued

For the third consecutive year, the IRS has published guidance that offers some relief to taxpayers covered by the “10-year rule” for required minimum distributions (RMDs) from inherited IRAs or … Continued

The Inflation Reduction Act (IRA) established and expanded numerous incentives to encourage taxpayers to increase their use of renewable energy and adoption of a range of energy efficient improvements. In … Continued

President Biden has released his proposed budget for the 2025 fiscal year, which includes numerous tax provisions affecting businesses and individual taxpayers. While most of these provisions have little chance … Continued