Keeping owners, managers, and stakeholders up to date on issues affecting their businesses.
Wisconsin employers that provide childcare to employees may be eligible for a newly enacted state tax credit. Enacted on April 6, 2026, 2025, Wisconsin Act 183 creates a new employer-provided childcare tax credit, effective for tax years after December 31, 2025.
On February 7, 2023, the IRS published Notice 2023-13 (Notice), which announced a new proposal called the Service Industry Compliance Agreement (SITCA) program.
Nonprofit (tax-exempt) employers are treated differently than for-profit employers with respect to how deferred compensation is taxed. Internal Revenue Code Section 457 (Section 457) is the main tool for this. Some of the timing issues under Section 457 may pose a trap for those not familiar with them.