The Employee Retention Credit (ERC) was introduced as a relief measure to help businesses retain employees during the COVID-19 pandemic. However, the program faced numerous challenges, including a high volume of claims and widespread improper filings. These issues prompted the…
Gambling is no longer confined to trips to Las Vegas or local casinos. With the rise of legal sports betting and online gambling platforms, more people are engaging in lawful gambling than ever before. However, it’s crucial to understand that,…
If you’re a non-controlling shareholder in a private company contemplating an exit, there are several unique considerations when it comes to selling your shares. Unlike public company stock, which is easily traded on public markets, private company stock may be…
As parents, we all want the best for our children, including the opportunity for a higher education. But with the ever-rising costs of college, many families are concerned about how to afford it, especially those who are unlikely to qualify…
We are thrilled to announce that Haynie has been named one of the Top Companies to Work for in Arizona! This prestigious recognition highlights our commitment to fostering a positive workplace culture and our influence within the business community. The…
Haynie wins Top Workplaces 2024 AZ Central. The list is based solely on employee feedback from a third-party survey administered by employee engagement technology partner Energage, LLC. About Energage Through Energage, a third-party engagement technology survey partner, The Top Workplaces…
The U.S. Department of Labor (DOL) will implement a new rule on July 1, 2024, that will significantly alter the salary thresholds for overtime exemptions under the Fair Labor Standards Act (FLSA). You need to know here to stay compliant…
The IRS’s newly unveiled strategic operating plan is set to reshape the landscape for wealthy individuals, large corporations, and complex partnerships. By 2026, audit rates for these groups are projected to rise significantly. It’s important to understand and prepare for…
Donor-advised funds (DAFs) have steadily grown in popularity as a strategic way to manage charitable giving. In late 2023, the IRS proposed new regulations governing DAFs that could impact many existing funds. These rules aren’t set in stone yet, but…
The Alternative Minimum Tax (AMT) was designed to set a baseline for the proportion of taxes a taxpayer must pay, regardless of the deductions or credits claimed under standard U.S. tax regulations. Unlike the regular income tax system, the AMT…
