TAX LAW UPDATES
Mandatory Capitalization of Research and Experimental Costs
The Tax Cuts and Jobs Act (TCJA) passed in 2017 was primarily effective beginning in 2018 with the exception of section 174...
SECURE Act 2.0
Happy New Year to all of Seidel Schroeder’s Clients and Colleagues! May 2023 bless you with health, wealth, and happiness. We...
Inflation Reduction Act of 2022
Friday, August 12th Congress passed the Inflation Reduction Act of 2022 and President Biden signed into law on August 16th. ...
Add Intuit/PayCycle as Texas Unemployment Third Party Administrator
By adding Intuit as your Third Party Administrator (TPA), Intuit will be able to regularly update your Texas Unemployment rates...
QBO Payroll Tip
For those businesses who utilize Intuit’s QuickBooks Online (QBO) Payroll, please be aware Intuit charges ‘per employee’ in your...
ROTH Conversions
Are you concerned with retirement and the taxation of your retirement funds? Now may be the time to utilize the declined stock...
Mileage Rate Update
In an attempt to help taxpayers and businesses, the IRS announced an increase to the standard mileage rate for business travel...
Using your Income Tax Refund to Save by Buying U.S. Savings Bonds
The option to utilize your tax refund to buy U.S. savings bonds has been available since 2010, but has recently become more...
Important Changes to 1099-K Reporting: Venmo and PayPal accounts
Beginning in January 2023 for 2022 tax return filings, third-party payment settlement organizations (Venmo, PayPal, Cash App,...
Employee Retention Credit – Do You Qualify?
Dear Client – 1. Did you pay W2 wages to employees and/or yourself? If yes, continue. If no, there is no need to read further....