Many businesses experienced financial hardship due to the COVID-19 pandemic. To incentivize employers who continued paying their employees during this...
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Business
10/19/2022
Roth Conversions – is this the right time to pull the trigger?
Has the recent dip in the stock market caused your retirement account to lose value? This could be the perfect...
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Business
09/22/2022
Good News! The IRS gives Penalty Relief for Certain Taxpayers Filing Returns for Taxable Years 2019 and 2020
The IRS released Notice 2022-36 which waives the late fees and penalties for all 1099 Series returns (NEC, MISC, DIV,...
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Business
09/22/2022
Jump Start your Retirement Nest Egg with a Solo 401(k)
Are you self-employed? If your business has no employees and produces substantial net self-employment income, implementing a solo 401(k) is...
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Business
09/21/2022
Q4 tax deadlines for individuals, businesses, and employers
With the fourth quarter of 2022 just beginning, there are some important Q4 dates & deadlines affecting individuals, businesses, and...
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Business
08/29/2022
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...
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Business
08/01/2022
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...
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Business
07/19/2022
Employee Retention Credit Updates – IRS Processing Times & Strategies to Enhance Credit
Quick background – If you have not explored the Employee Retention Credit (ERC), you may qualify for a payroll tax...
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Business
07/18/2022
Understanding the Statement of Cash Flows
What is the statement of cash flows? The statement of cash flows is a financial statement that illustrates an entity’s...
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Business
07/08/2022
Disability Proceeds – Taxable or Tax-free? It depends!
If you are someone who recently began receiving disability income you may have asked yourself the question, how will this...
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Business
06/29/2022
Fraud Prevention for Small Business
Unfortunately for many small businesses, the “F” word has become increasingly common. It’s a word that’s painful to hear, and...
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Business
06/28/2022
2022 Q3 tax calendar: Key deadlines for businesses and other employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2022. Keep...
