As we move into the second half of 2024, the housing market continues to undergo significant shifts. Recent data highlights challenging conditions for those looking to enter the short-term rental […]
Category: Tax & Accounting News
Shared Economy Tax’s take on the latest tax & accounting news, and much more.
Tax Deadlines and Updates for 2024 You NEED to Know
Tax laws change every year, and 2024 is no exception. Taxpayers will encounter several notable changes this year, as well as adjustments to tax brackets and other deductions. Stay tuned […]
Don’t Fall for These Tax Preparer Scams in 2024
As you begin to prepare your taxes this year, it is crucial to ensure you avoid common red flags if you are using a new tax preparer. Many types of […]
Corporate Transparency Act FinCen Reporting Requirements for 2024
It is crucial for small businesses to be aware of the new reporting requirements of the Corporate Transparency Act (CTA). The CTA requires small businesses to report certain information about […]
Secure Act 2.0 Brings Big Changes for IRAs in 2024
The Setting Every Community Up for Retirement Enhancement (SECURE) Act was enacted in 2019. It changed many rules around retirement savings. In 2022, a second version, the Secure Act 2.0, […]
How Does New IRS Funding Affect the Sharing Economy?
Although people have been sharing since the beginning of time, the sharing economy is still in its infancy. With ever-changing regulations and tax laws, it can take a lot of […]
Inflation Reduction Act IRS Funding: Explained
The Inflation Reduction Act (IRA) was passed in August 2022 to lower inflation, lower prescription drug prices, and promote clean energy. Some provisions were immediately enacted, while others will be […]
Watch Out for These IRS Scams
Tax season can be stressful enough without the added worry of falling victim to IRS scams. But unfortunately, scammers are constantly coming up with new ways to take advantage of […]
Buy Now Refinance Later Mortgages: Are They Legit?
With home sales slowing down, lenders are looking for ways to increase the number of mortgages lenders issue. One of the latest marketing ploys is a “buy now, refinance later […]
6 Big Changes for the 2023 Tax Season
The tax code gets updated regularly, and this year is no exception. However, there are some particularly impactful changes coming this year thanks to recent legislation. Here are the 6 […]