Scher Group, PLLC

12/21/2024

2024 Scher Group holiday dinner and retirement party for Kelly.

08/30/2024

ChatGPT knows me well.

08/20/2024

When you start correcting the exam training companies materials, you know you are ready for the exam.

07/30/2024

4 Key Estate Planning Documents Everyone Should Consider

07/22/2024

2024 Summer Retreat

12/04/2023

Set yourself up for success with Monday Motivation from Scher Group

12/02/2023

Here are 3 tax tips for any hair stylist, or salon!

12/01/2023

Your Friday tax fact from Boulder based Scher Group.

11/30/2023

Starting Jan. 1, 2024, businesses are required to electronically file (e-file) Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return. This new requirement follows final regulations amending e-filing rules for information returns, including Forms 8300.

11/29/2023

The IRS has announced that the threshold for filing 1099-Ks will not be reduced for 2023 to $600 but instead will not be required unless the taxpayer receives over $20,000 and has more than 200 transactions in 2023. In addition, the IRS is planning for a threshold of $5,000 for tax year 2024 as part of a phase-in to implement the $600 reporting threshold enacted under the American Rescue Plan (ARP).

Following feedback from taxpayers, tax professionals and payment processors and to reduce taxpayer confusion, the Internal Revenue Service has announced a delay of the new $600 Form 1099-K reporting threshold for third-party settlement organizations for calendar year 2023.

11/29/2023

Tap into your full potential. Wednesday Wisdom from Scher Group

11/29/2023

Some small businesses that previously filed paper information returns because the number of information returns they had to issue was below the IRS's 250 return threshold for e-filing, may need to file their 2023 and later year forms electronically, because the threshold has been reduced to 10 returns starting with 2024 filings.

Businesses, whether operating as a corporation, partnership, or a sole proprietorship, have been required to electronically file information returns when the aggregate number of these returns, regardless of the type of return, for a tax year was more than 250. The IRS issued regulations in February....