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The IRS has released Revenue Procedure 2026-08, updating how tax-exempt organizations can obtain and maintain a group exemption letter under Section 501(c) of the Internal Revenue Code. This guidance streamlines the process by allowing a central organization to secure tax-exempt status for multiple… Read more
As 2025 draws to a close, employers should review whether they have properly included the value of common fringe benefits in their employees’ and (if applicable) 2% S corporation shareholders’ taxable wages. This is especially true for 2025 and beyond, as many employers continue to deal with remote…
The IRS has offered broad relief (Notice 2025-62) from penalties that would otherwise be imposed on employers for failing to accurately report tips and overtime pay for calendar year 2025 under the One Big Beautiful Bill Act (OBBBA).
With economic ups and downs, rapid changes in technology, and new regulations popping up all the time, today’s business leaders have a lot on their plates. Most ask: Where is our risk? Are we investing in the right places? How do we benchmark our resilience against peers? This guide is designed to…