The IRS has announced the inflation-adjusted amounts for Health Savings Accounts (HSAs) for 2026, allowing employees to save slightly more in their accounts. For individuals with self-only coverage under a high-deductible health plan (HDHP), the contribution limit is set at $4,400, while for family coverage, it is $8,750.
Read MoreA New York court ruled that Public Law (P.L.) 86-272 does not protect non-solicitation internet activities from state taxation and cannot be applied retroactively to its 2015 proposal date. The court upheld New York's revised regulations but agreed that their retroactive application violated due process for businesses unaware of the new tax liabilities.
Read MoreOn May 14, 2025, the House Ways and Means Committee approved a large tax bill that would make expiring provisions of the Tax Cuts and Jobs Act (TCJA) permanent.
Read MoreInvestment fraud has become a significant threat to nonprofits, with criminals posing as legitimate advisors to gain control of assets. Nonprofits should be cautious of unrealistic promises and ensure their advisors are transparent, accessible, and subject to outside audits.
Read MoreManufacturing companies face the challenge of attracting and retaining skilled employees in today's competitive labor market. To stand out, they must build a compelling employer brand that emphasizes career growth opportunities, investment in technology, and a commitment to employee well-being.
Read MoreCorrectly classifying workers as either employees or independent contractors is crucial to avoid costly consequences such as audits, back taxes, penalties, and lawsuits. Guidance is provided on understanding worker classification, the implications of misclassification, and the cautious use of Form SS-8 to request IRS determinations.
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