We have recently fielded several calls and emails regarding Employee Retention Credits (ERC). We sent out information back in February of 2021 regarding the ERC for employers based on qualified wages that employers paid to their employees from March 2020 through...
It’s that time of year when most people are thinking about gift-giving. From Black Friday (the day after Thanksgiving) to the end of the year, we give our families monetary gifts, our employees bonuses, or make charitable donations. Here are five tips for being...
Your business structure defines the legal status of your business. Each business structure comes with its own advantages and disadvantages as well as consequences for tax liability. It is important that you choose the arrangement that best meets your goals. ...
During the Spring, CPAs are typically busy readying their clients for tax season, estimating tax liabilities for quarterly filings, and filing tax returns for their individual and corporate clients. With the onset of the coronavirus pandemic (COVID-19), the deadline...
As every businessman and most Americans probably know, the 2017 Tax Cuts and Jobs Act (TCJA) made sweeping changes to the U.S. Tax Code. This act made extensive taxation changes that affect individuals and businesses. Included were corporate tax rates, business meals...
You may recall the book “Alice’s Adventures in Wonderland” originally written in 1865 by Lewis Carroll. The story relates the tale of a young girl named Alice who falls through a rabbit hole into a fantasy world. In the book, Alice is walking along a...
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