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Businesses Must e-file Form 8300 for $10,000+ Cash Payments in 2024

(JofA) - The new e-filing requirement, beginning in 2024, applies to businesses mandated to e-file certain other information returns, such as Forms 1099 series and Forms W-2.



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Millions More U.S. Workers Could be Eligible for Overtime Pay 
(CPA Practice Advisor) - Under proposed changes from the Dept. of Labor, any salaried employee making less than $55,000 per year, or $1,059 per week, would be eligible for overtime. That would be a significant jump from the current cutoff at $35,568 per year.


Hurricane Insurance Claims: 10 Things You Should Know 
(Kiplinger) - When making a claim on hurricane insurance, know what's covered, what isn’t, and how to make the most of your policy.


IRS Updates Guidance on Handling Special State Tax Payments 
(Accounting Today) - The Internal Revenue Service issued guidance on how taxpayers should report the special tax payments, refunds and rebates they received from states in recent years as a form of relief during the pandemic.


Woman & dog swept down canyon by flood saved by iPhone Emergency SOS 
(Apple Insider) - Thanks to iPhone 14 and Emergency SOS via Satellite, rescuers saved a hiker and her dog after flood waters swept the pair down a canyon.


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