by Admin | Dec 15, 2022 | Business Taxes, Entrepreneurial
The possibility of a recession looms large. According to one recent study, approximately 20% of all small businesses that open their doors today will close within the first year. Of the number that survives, about 30% will close just one year later. By year five,...
by Admin | Dec 13, 2022 | Individual Taxes, Tax Planning
It’s been a rough Fall for the stock market. So much so that you should probably carefully review your portfolio and other capital transactions to minimize gain or maximize losses for the year. Remember, capital gains and losses are not just limited to stock...
by Admin | Dec 8, 2022 | Business Taxes, Tax Planning, Tax Scams
Have you seen those ads on television or received email solicitations promoting a large tax credit? The large tax credit they are referring to is the employee retention tax credit (ERTC). The ERTC is a government-sponsored program to keep workers employed during 2020...
by Admin | Dec 7, 2022 | Tax Planning
For a full list of changes, please see our blog post: https://methodcpa.com/2022-tax-changes/ The Internal Revenue Service encouraged taxpayers to take important actions this month to help them file their 2022 federal tax returns. This is the second in a series of...
by Admin | Dec 7, 2022 | Business Taxes, Entrepreneurial, Individual Taxes, Tax Planning
This is our annual reminder that if you use workers other than employees to perform services for your business and pay them $600 or more for the year, you are required to issue each one a Form 1099-NEC after the end of the year to avoid facing the loss of the...
