by Editorial Staff | Nov 7, 2023 | IRA, IRS, Latest News, Retirement Plans
On November 1st, 2023, the Internal Revenue Service (IRS) unveiled updated retirement contribution limits for retirement plans beginning in 2024. In summary, the agency stated that these adjustments are part of its commitment to help Americans secure their financial...
by PC Editorial Staff | Aug 29, 2023 | IRS, Latest News, SECURE 2.0
This month, the Internal Revenue Service (IRS) announced it will allow a two-year transitional period for employers to implement a Roth catch-up requirement under the SECURE 2.0 Act of 2022 (SECURE 2.0 Act). Specifically, the requirement states that participants with...
by PC Editorial Staff | Aug 1, 2023 | cybersecurity, Federal Labor Law, IRS, Latest News
As the Internal Revenue Service (IRS) recently eliminated its backlog of Employee Retention Credit claims, it announced new procedures to deal with Employee Retention Credit scams and fraudulent submissions. Moving forward, the IRS will ramp up compliance work to...
by PC Editorial Staff | Jun 7, 2023 | IRS, Jobs, Small Business Administration
This month, the U.S. Small Business Administration (SBA) completed its second required five-year review of its small business size standards. Briefly, these size standards determine a business’s eligibility for all SBA small business loan programs. In order to qualify...
by PC Editorial Staff | May 16, 2023 | Biden Administration, IRS, Jobs, Small Business Administration
On May 11th, 2023, the Biden Administration and U.S. Small Business Administration (SBA) Administrator Isabella Guzman announced program improvements to provide easier access to SBA loans for small businesses. Specifically, the 7(a) and 504 loan programs are the most...
by PC Editorial Staff | May 2, 2023 | IRA, IRS, Small Business Administration
For National Small Business Week, April 30 to May 6, the Internal Revenue Service (IRS) is sharing tax benefits and small business resources with new and established small business owners. The U.S. Small Business Administration (SBA) uses National Small Business Week...
