Monthly Archives: October 2024

2025 Tax Foundation’s State Tax Competitiveness: Some New Winners, But the Usual Losers

Posted on October 31, 2024 by Russ

The Tax Foundation released its 2025 State Tax Competitiveness Index (formerly the Business Tax Climate Index).  While taxes aren’t everything in where you situate a business, they’re absolutely an important factor. If I have to pay an extra 10% in … Continue reading →

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BOI Reporting: A Reminder

Posted on October 25, 2024 by Russ

We’re over 80% of the way through 2024, and with that another deadline approaches: the January 1, 2025 deadline to file Beneficial Ownership Information (BOI) reports through FinCEN.  This morning, we filed ours for Clayton Financial and Tax LLC.  The … Continue reading →

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IRS Now Offers Direct Pay for Businesses

Posted on October 23, 2024 by Russ

I criticize the IRS regarding paperwork often.  Indeed, the IRS has a major problem dealing with correspondence. Yet many businesses must make numerous payments by check (because that’s the only way to do so) or EFTPS.  This morning, I sent … Continue reading →

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Hurricane Milton Relief: Florida Now Has Until May 1, 2025 to File

Posted on October 11, 2024 by Russ

With much of the state of Florida declared a federal disaster area, the IRS this morning announced that all residents of Florida have until May 1, 2025 to file their tax returns that are on extension. This impacts not only … Continue reading →

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Hurricane Helene IRS Relief for all of Alabama, the Carolinas, Georgia, and Parts of 3 Other States

Posted on October 2, 2024 by Russ

The damage from Hurricane Helene was horrific in and around western North Carolina, and several states have been declared federal disaster zones.  The IRS announced late yesterday that the entire states of Alabama, Georgia, North Carolina, and South Carolina, along … Continue reading →

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Disaster Relief Extension Impacts Millions in Illinois; Expect IRS to Give Relief to North Carolina Shortly

Posted on October 1, 2024 by Russ

The IRS announced this morning that tax deadlines have been postponed in several counties in Illinois due to recent severe weather in the Chicagoland area: The IRS is offering relief to any area designated by the Federal Emergency Management Agency … Continue reading →

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