The IRS urges businesses to review ERC claims for 7 common red flags
IRS urges employers to review ERC claims before the Voluntary Disclosure Program deadline of March 22, 2024. The agency warns of 7 common signs that their claims may be incorrect.
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Deadline for filing 2023 forms 1099 is near but beware of important changes
New electronic filing requirements, revised form 1099-NEC and new form 15397 present addional challenges for 1099 filers that may necessitate updates
Tax framework agreement sets direction for potential business and individual tax relief
Section 174 expensing, a return to EBITDA for section 163(j), an extension of 100% bonus depreciation and disaster relief paid for by ending Employee Retention Credits (ERC)
What to do if you filed an employee retention credit claim with the IRS
ERC submissions are under scrutiny by the IRS due to a surge in questionable claims. Are you confident your claim meets the eligibility requirements and can stand up to a potential audit?
IRS halts employee retention credit processing
The IRS has temporarily halted processing of employee retention credit claims and will provide additional guidance for businesses.
Pass-through entity elections are here to stay: What you need to know
Pass-through entity elections are creating tax planning complexity. This article explains what you need to know and what you should do next.
What does SECURE 2.0 mean for small employers?
SECURE 2.0 changes retirement plan rules for small employers with 100 or fewer employees.
Retirement plan changes for long-term, part-time employees
SECURE 2.0 changes the rules for how long-term, part-time employees are treated for purposes of 401(k) and 403(b) retirement plans.
Cautionary tale: Owner personally liable for sales tax
A New York administrative law judge found an owner to be a responsible person and personally liable for unpaid sales and use taxes.
Tax year 2022 brings more changes to international tax reporting
Understand how the IRS is changing tax compliance for taxpayers with international activity for 2022.
IRS releases fact sheet regarding residential energy credits
A recent IRS fact sheet explains tax credits for energy efficient home improvements residential energy property.
Key takeaways for employers under the SECURE 2.0 Act of 2022
SECURE 2.0 Act significantly changes the tax rules governing qualified retirement plans and individual retirement accounts (IRAs).
With no year-end tax package, businesses face unfavorable changes
Businesses must contend with several unfavorable tax changes after no significant business tax provisions appeared in a year-end omnibus package.
Year-end tax planning considerations
Tax planning considerations for businesses and individuals approaching the end of 2022.
IRS makes statements on CARES Act Employee Retention Tax Credit risks
On Oct. 19, 2022 the IRS issued a news release warning employers to be wary of third parties who have ramped up campaigns to try and get employers to claim the CARES Act Employee Retention Tax Credit (ERTC) when they may not actually qualify.