Financial Resources & News
2023 Year-End Guide – Tax Accounting Methods
A taxpayer’s tax accounting methods determine when income is recognized and costs are deducted for income tax purposes. Strategically adopting or changing tax accounting methods can provide opportunities to drive tax savings and increase cash flow.
2023 Year End Guide – Business Incentives & Tax Credits
There has been a lot of activity with tax incentives and credits for business in 2023. Following is a list of incentives discussed in this article.
2023 Year End Guide – Business Incentives & Tax Credits
The employee retention credit (ERC) is a refundable payroll tax credit for wages and health plan expenses paid or incurred by an employer (1) whose operations were either fully or partially suspended due to a COVID-19-related governmental order; or (2) that experienced a significant decline in gross receipts during the COVID-19 pandemic.
2023 YEAR-END TAX PLANNING FOR INDIVIDUALS
With rising interest rates, inflation and continuing market volatility, tax planning is as essential as ever for taxpayers looking to manage cash flow while paying the least amount of taxes possible over time.
Critical Tax Points – Part 2
[vc_row][vc_column][vc_column_text] Tax Relief Strategies: Uncover Tax Relief Opportunities These additional tax strategies extend beyond the typical income tax planning steps: Uncovering missed opportunities for savings: Look for items that have the potential to...
Critical Tax Planning Points for 2020 – Part 1
[vc_row][vc_column][vc_column_text] Tax Relief Strategies for 2020 The tax function plays a critical role in navigating recovery and positioning businesses to emerge from this crisis. An effective tax strategy can preserve liquidity, lower costs, and work in tandem...
Unemployment Benefits Fraud
Unemployment Benefits Fraud Identity theft is an ongoing and increasing problem. It seems that no matter how many steps we take to protect our identities, fraudsters can be one step ahead of us. A new wrinkle is fraudulent unemployment benefit claims. In this...
Cybersecurity and You!
Cybersecurity and You! Cyber security is a quick way for your personal or business lives to be ruined in a very short time. People become targets of Cyber-attacks when they click on unknown links from unknown people or organizations with links and click on the link....
IRS/Tax Scams
[vc_row][vc_column][vc_column_text]IRS/Tax Scams With the final 2019 tax deadlines upon us it is becoming the season of the fraudster. These people show up and target primarily the elderly. The call is used as a threat of arrest or jail for some unknown taxes which...