WXC Corporation
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SBA Modifies Method for Calculating Annual Average Revenues for Small Businesses

In early December, the U.S. Small Business Administration published in the Federal Register a final rule to modify its method for calculating annual revenues used to prescribe size standards for small businesses. The final rule is effective…
WXC Corporation
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IRS and Treasury finalize Opportunity Zone guidance

WASHINGTON — The Internal Revenue Service today issued final regulations (PDF) providing details about investment in qualified opportunity zones (QOZ). The final regulations modified and finalized the proposed regulations (PDF) that…
WXC Corporation
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Get Ready for Taxes: What to do before the tax year ends December 31

WASHINGTON — The Internal Revenue Service reminds taxpayers there are things they should do now to get ready for the tax-filing season ahead. Charitable Contributions For most taxpayers, December 31 is the last day to take actions that will…
tax exclusion
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New final regulations about estate tax exclusion amounts

WASHINGTON — The Treasury Department and the Internal Revenue Service today issued final regulations confirming that individuals taking advantage of the increased gift and estate tax exclusion amounts in effect from 2018 to 2025 will not…
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71% of Businesses Say They Will Offer Bonuses or Incentives in 2020

Companies are going beyond providing traditional health benefits to address employees' well-being, finds a survey from global staffing firm Robert Half. In research conducted for the Robert Half 2020 Salary Guides, most employers said they…
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Home Values in U.S. Continue Strong Growth

U.S. home value growth continues to slow, according to the July Zillow Real Estate Market Report. The rate of annual home value appreciation decreased for the seventh straight month in July. The typical U.S. home is worth $229,000, up 5.2%…
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IRS finalizes safe harbor for rental real estate

WASHINGTON — The Internal Revenue Service today issued Revenue Procedure 2019-38 that has a safe harbor allowing certain interests in rental real estate, including interests in mixed-use property, to be treated as a trade or…
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86% of SMBs View Accountants as Trusted Business Advisors

Five out of six small business owners consider their accountant as “a trusted advisor they can turn to for a wide range of business advice.” Thirty-one percent say their accountant is the advisor they trust the most, followed by family and…
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IRS announces multi-year plan

The Internal Revenue Service released today a six-year plan to modernize the agency’s Information Technology systems and improve a variety of taxpayer services critical to the nation’s tax system. The plan outlines a bold strategy to…