Navigating the R&D Tax Credit Maze: What SMBs Need to Know Amid Legislative Uncertainty
The landscape of tax legislation in the United States has been marked by constant evolution, with changes often reflecting the broader economic and political priorities of the time
Gift and Estate Tax Primer
The tax code places limits on the amounts that individuals can gift to others (as money or property) without paying taxes. This is meant to keep an individual from using gifts to a
Weather the Storm: How Small Businesses Can Thrive in a Tough Economy Flow
The current American economy is characterized by inflation, rising credit card debt, and the looming threat of a recession. As a result, small to medium-sized business owners face
Recent Developments in Employee Retention Credits (ERC) and Disallowance of ERC Claims
Initial ERC Claim Disallowance Letters Issued The IRS has taken a proactive stance by sending out disallowance letters to more than 20,000 businesses. These letters target claims m
Business Beneficial Ownership Reporting
In the ever-evolving landscape of business regulations, the Corporate Transparency Act (CTA), passed as part of the National Defense Authorization Act for Fiscal Year 2021, introdu
2023 Year-End Payroll Information
It’s time again to prepare for year-end payroll processing. The following letter includes information intended to help you identify the topics you need t
Corporate Transparency Act Establishes Expanded Reporting Requirements
The Corporate Transparency Act (CTA), which was enacted by Congress in 2021 as part of the Anti-Money Laundering Act of 2020, will establish a national database of Beneficial
Employee Retention Credit Paused Amid Growing Fraud Concerns
The Internal Revenue Service (IRS) has announced a moratorium on new claims related to the pandemic-era Employee Retention Credit (ERC, also known as Employee Retention Tax Credit)
Fed Pauses Interest Rates as Inflation Shows Signs of Slowing
On Wednesday, June 14, the Federal Reserve announced a pause in interest rate hikes for the first time since March 2022. The decision comes after promising economic indicators show