May 15, 2024Although the gross revenue test is fairly straightforward, the ERC suspended operations test involves many nuances and opportunities for mistakes…
May 15, 2024Before you claim the Employee Retention Credit, you must pass either the gross revenue test or the suspended operations test.
May 15, 2024An August report from the Treasury Inspector General for Tax Administration (TIGTA) stated that the IRS had identified 11,000 returns…- May 15, 2024Many taxpayers find themselves in debt over their heads and end up settling their debts for less than what is…
- May 15, 2024Learning how to avoid tax preparer fraud and choosing the right tax professional for your needs is a big decision…
- May 15, 2024A taxpayer who is in the business of providing family daycare in their home may deduct the ordinary and necessary…
- May 15, 2024As a business owner, you are always watching the bottom line, constantly looking for ways to become more streamlined or…
- May 15, 2024Effective January 1, 2024, certain entities must report beneficial owners to the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN).…
- May 15, 2024The Corporate Transparency Act of 2019 includes a reporting mandate that requires corporations, limited liability companies, limited partnerships, and other…
May 15, 2024As a response to the economic challenges brought about by the COVID-19 pandemic, the U.S. government introduced the Employee Retention…
