Financial Resources & News
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.
2022 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. As we approach year end, now is the time for...
2022 Year-End Tax Planning for Businesses
U.S. businesses are facing pressure to drive revenue, manage costs and increase shareholder value, all while surrounded by economic and political uncertainties. Disruptions to supply chains brought about by the pandemic have continued into 2022. Inflation and...
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...
PPP Loan Forgiveness – Pending Income Taxes Due?
[vc_row][vc_column][vc_column_text] PPP Loan Forgiveness - Pending Income Taxes Due? One of the least discussed aspect of PPP loan forgiveness is the pending income tax bill for its business owners. As originally written, Congress intended PPP loan forgiveness to be a...
Trust, but Verify Part 2
[vc_row][vc_column][vc_column_text] Trust, but Verify Part 2 Our prior post discussed the necessity of monitoring staff activities to reduce the chances of intentional or unintentional errors, or worse, hitting your company. You can probably guess where your company...
Trust, But Verify
Trust, But Verify There is significant debate over whether there is validity to a management style of “trust, but verify”. There is no debating, however, that the old Russian proverb makes sense in considering an entity’s operations. As much as a business owner can,...
The Strategy to Use for Your PPP Loan Forgiveness Process
Do not rush the process but be prepared for the forgiveness and the tax liability that may exist.
Session Overview. Identify the vital elements needed to maximize your loan forgiveness and understand what liability may exist with your PPP loan. We will walk through practical hands on examples of what you will need to do to guide compliance for pursuing forgiveness.