TAX PRO PLUS LA

Alabama Federal Court Rules Corporate Transparency Act Unconstitutional

In a landmark decision on March 1, 2024, a federal district court in Alabama declared the Corporate Transparency Act (CTA), a piece of legislation aimed at combating money laundering, unconstitutional. The ruling, delivered in the case of National Small Business United et al v. Yellen, No. 5:22-cv-1448-LCB, has sent shockwaves through the legal and business communities, challenging the federal government's efforts to increase transparency in business ownership.

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Turning Tax Season Into Sales Season: Innovative Approaches for Businesses

Are you ready to turn tax season into sales season for your business? Try these innovative ways to make tax time your most lucrative time of year!

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Don’t Overlook Business Beneficial Ownership Reporting

In the ever-evolving landscape of business regulations, the Corporate Transparency Act (CTA), passed as part of the National Defense Authorization Act for Fiscal Year 2021, introduces new reporting requirements for businesses in the United States, specifically focusing on beneficial ownership. Although this reporting does not take place until 2024, it is something you need to be aware of and prepare for.

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Video Tips: Home Office Deduction – Are You Eligible?

The home office tax deduction can be tempting for work-from-home taxpayers, but it comes with complex qualifications and calculations. Watch this video to see if you may qualify for it.

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Education Credits Aren't Just For Children's Tuition

If you think that education credits are just for sending your children to college, think again; the credits are available to you, your spouse (if you are married), and your dependents. Even if you or your spouse only attend school part time, you still may qualify for a tax credit.

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