With fraudulent Employee Retention Tax Credit claims on the rise, the IRS has suspended claim processing through year end.

Posted on September 20, 2023
With fraudulent Employee Retention Tax Credit claims on the rise, the IRS has suspended claim processing through year end.
Posted on September 19, 2023
Inflation has some beneficial side effects. One is that the amount of depreciation tax breaks your business can claim has increased for 2023. Here are the rules.
Posted on September 14, 2023
If you’re selling your principal residence, or you already sold your home in 2023, some or all of the profit may be tax-free. It depends on the amount of profit and your income. Take a look at the basic rules.
Posted on September 11, 2023
The SECURE 2.0 Act’s new retirement catch-up contribution rules caused problems and confusion for employers and employees alike. The IRS has now provided guidance.
Posted on August 16, 2023
Beware of fraudsters hyping the Employee Retention Tax Credit! Not all businesses are eligible despite the claims you may be hearing on TV or in mail, phone and email solicitations.
Posted on August 15, 2023
Some businesses receive large amounts of cash. Depending on the amounts, they may be required to report the transactions to the IRS.
Posted on August 9, 2023
You can operate your small business in several ways. For example, your entity can be a sole proprietorship, an S corporation or a partnership. Here are the advantages of operating as a limited liability company (LLC).
Posted on July 31, 2023
Some taxpayers can look forward to receiving transitional relief from the IRS related to the required beginning dates for taking required minimum distributions from retirement plans.
Posted on July 27, 2023
There may be a way to reduce a large tax bill if you own appreciated land that you want to subdivide and develop for sale. Here’s a three-step strategy.