IRS Voluntary Disclosure Program for False Employee Retention Credit Claims – Deadline is March 22, 2024
On December 21, 2023, the IRS released a program for companies and employers who received questionable employee retention credits (ERC)...
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Business
03/07/2024
Can you write off the costs of your spouse when traveling for business?
As we transition to a post-pandemic market, business travel is getting back to normal. With the increase in travel frequency,...
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Business
03/06/2024
Corporate Transparency Act (CTA) Scam Warning
Business owners, beware! It is our duty as your tax advisors to inform you of a new scam targeting small...
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Business
02/20/2024
Interplay Between Method of Accounting and 1099 Reporting
When it comes to managing your business’s finances and filing 1099 forms, the choice between cash basis and accrual basis...
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Business
02/07/2024
New Pension-Linked Emergency Savings Accounts (PLESAs) and Their Benefits
There is a new benefit option for employees facing emergencies called a pension-linked emergency savings account (PLESA). As part of...
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Business
02/02/2024
Tax Relief for American Families and Workers Act of 2024 (TRAFA), H.R. 7024
The House passes the $79 billion tax package with overwhelming bipartisan support. This is NOT law yet. This was a...
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Business
01/05/2024
Sage Intacct Dashboards are a powerful tool for your business
Financial dashboards offer immense value to businesses, yet many of the traditional dashboard construction processes tend to be time-consuming and...
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Business
12/19/2023
Year-End Tax Update 2023
Join our tax experts for valuable insights into the changes that could impact you and your business this tax year....
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Business
12/04/2023
2024 Inflation-Adjusted Tax Parameters for Small Businesses and Their Owners
The IRS recently announced various inflation-adjusted federal income tax amounts for 2024. Rates and Brackets If you run your...
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Business
11/20/2023
Gearing up for 1099 Filing Season: What you need to know about paying vendors via cash apps
The IRS is increasing the income reporting requirements on businesses, banks, and third-party settlement organizations (known as PSEs – Payment...
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Business
11/20/2023
Gearing up for 1099 Filing Season: Important Change to Form W-2, Series 1099 E-file Requirements
IRS lowers e-filing requirements for W-2 and series 1099 returns – most must e-file The IRS is utilizing technology more...
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Business
11/10/2023
Restricted Stock Awards and Taxes 101
Restricted stock awards are a popular way for companies to offer equity-oriented executive compensation (non-cash compensation offered to employees). Some...
