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How will the 2025 Inflation Adjustment Numbers Affect Your Year-End Tax Planning?

October 28, 2024 Slattery & Holman, P.C.

The IRS has issued its 2025 inflation adjustment numbers for more than 60 tax provisions in Revenue Procedure 2024-40. Inflation has

Ease the Financial Pain of Natural Disasters with Tax Relief

October 10, 2024 Slattery & Holman, P.C.

Hurricane Milton has caused catastrophic damage to many parts of Florida. Less than two weeks earlier, Hurricane Helene victimized millions of people in multiple states across the southeastern portion of

Federal Court Rejects FTC’s Noncompete Agreement Ban

September 05, 2024 Slattery & Holman, P.C.

In April 2024, the Federal Trade Commission (FTC) approved a final rule prohibiting most noncompete agreements with employees. The ban was scheduled to take effect on September 4, 2024, but ran into

IRS Issues Final Regulations on Inherited IRAs

August 01, 2024 Slattery & Holman, P.C.

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,

IRS Ramps Up Compliance Enforcement Against Certain Businesses

July 23, 2024 Slattery & Holman, P.C.

The Inflation Reduction Act provided the IRS with billions of dollars of additional funding to reduce the so-called “tax gap” between what taxpayers owe and what they actually pay. The

SECURE 2.0: Which provisions went into effect in 2024?

June 20, 2024 Slattery & Holman, P.C.

The Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act was signed into law in December 2022, bringing more than 90 changes to retirement plan and tax laws. Many of

Federal regulators expand overtime pay requirements, ban most noncompete agreements

May 07, 2024 Slattery & Holman, P.C.

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

IRS extends relief for inherited IRAs

April 25, 2024 Slattery & Holman, P.C.

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

IRS issues guidance on tax treatment of energy efficiency rebates

April 18, 2024 Slattery & Holman, P.C.

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

Independent contractor vs. employee status: The DOL issues new final rule

March 15, 2024 Slattery & Holman, P.C.

The U.S. Department of Labor’s (DOL’s) test for determining whether a worker should be classified as an independent contractor or an employee for purposes of the federal Fair Labor Standards