IRS is Going Paperless – What You Need to Know
Starting after September 30, 2025, the IRS will process all tax payments and refunds electronically – paper checks will be a thing of the past, except for those who truly don’t have access to electronic banking. This change affects everyone: individuals, businesses, estates and trusts. Individual Refunds Transitioning First The IRS, on Tuesday September…
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Florida Sales Tax on Commercial Rentals Repealed Effective October 1, 2025 – What You Need to Know
The Florida Department of Revenue released a Tax Information Publication which repeals Sales Tax on rent or license fees for Commercial Rentals. Below, we’ve outlined some of the key takeaways: Key Takeaways at a Glance No state sales tax or discretionary sales surtax will apply to most rental or occupancy periods starting on or after…
Trump’s One Big Beautiful Bill Becomes Law
What Businesses and Individuals Need to Know On July 4, President Donald Trump signed into law the One Big Beautiful Bill Act, OBBBA. With so many changes packed into one bill, understanding the immediate and long-term effects is essential. Below, we’ve outlined some of the most impactful provisions and what they could mean for you or…
What the New House Tax Bill Could Mean for You and Your Business
A new tax bill has been introduced in the House, and it could have meaningful implications for individuals and businesses alike. While the bill is still making its way through Congress, here are a few highlights that may impact MKA clients: Increased SALT Deduction Cap – The bill proposes raising the state and local tax…
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Celebrating Our Newest Partners at Moss Krusick
We’re thrilled to share exciting news from Moss Krusick—six outstanding professionals have been promoted to Partner! Please join us in congratulating Justin Cabral, Rich Cassidy, Priscilla Delgado, Jake Neuman, Michael Pollard, and Lori Weisz on this well-earned achievement. Each of these individuals brings unique strengths, deep expertise, and unwavering dedication to their work. Let’s take…
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Beneficial Ownership Information (BOI) Update – March 25th, 2025
The U.S. Department of Treasury issued an interim final rule that narrows the scope of the Beneficial Ownership Information (BOI) reporting requirements. All entities created in the United States and their beneficial owners, are now exempt from BOI reporting. For domestic U.S. companies and individuals, no further action is needed. BOI reporting remains mandatory for…
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