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Blog Month: August 2022

ERC Fraud and Increased IRS Enforcement

Recent changes have extended the eligibility of employers to claim the Employee Retention Credit (ERC) for 2021. With these changes has also come a veritable cottage industry of scammers and

Inflation Reduction Act: What You Need to Know About EV Tax Credits

With the President signing the Inflation Reduction Act into law in mid-August there are many important takeaways from this legislation designed to fight inflation, reduce our national deficit, help lower

The President Signs the Wide-Ranging Inflation Reduction Act of 2022

On Tuesday, August 16, 2022, President Biden has signed the Inflation Reduction Act (IRA) into law. The $740 billion bill contains many tax breaks and raises revenue through a new

Have you considered a 457 tax-deferred plan?

What is a 457 plan? And how does it work? A 457 plan allows employees working for the state, local government, or specific nonprofits to save and invest money for

This is a Good Time for a Withholding Check-up

Were you stunned to find out that you owed when filing your tax return this past season? The solution may be changing your tax withholding so that this does not

How your small- or medium-sized business can take advantage of three significant tax breaks

Your small- or medium-sized business may be eligible for certain tax breaks that aren’t available to other large businesses. Here are some examples. QBI deduction The “qualified business income” (QBI) deduction allows eligible individuals, trusts, and estates to