by Admin | Sep 9, 2022 | Business Taxes, COVID-19, Individual Taxes
To help struggling taxpayers affected by the COVID-19 pandemic, the IRS has issued a notice, which provides penalty relief to most people and businesses who file or filed certain 2019 or 2020 returns late. This includes nearly 1.6 million taxpayers who will...
by Admin | Aug 31, 2022 | Business Taxes
If you pay attention to the financial news, you’ve likely heard that we may — or may not — be in the midst of a recession. While experts argue over whether or not two consecutive periods of falling gross domestic period necessarily confirm an overall decline in...
by Admin | Aug 31, 2022 | Business Taxes, Tax Planning
If you had to make a list of some of the most valuable resources that businesses have when it comes to attracting and retaining top talent, an employee bonus pool would undoubtedly be right at the top. Despite the fact that unemployment is on the decline and things...
by Admin | Aug 30, 2022 | Business Taxes, Entrepreneurial, Individual Taxes, Tax Planning
President Biden signed into law the Inflation Reduction Act on August 16, 2022, in part which gives the IRS almost $80 billion spread over the next 10 years on top of its regular annual funding. The money is meant to be used for: Enforcement and collection measures...
by Admin | Aug 25, 2022 | Business Taxes, Individual Taxes
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by Admin | Aug 24, 2022 | Business Taxes, Entrepreneurial, Individual Taxes, Tax Planning
On August 16, 2022, President Biden signed into law the Inflation Reduction Act of 2022 which is a scaled-back version of the prior Biden administration proposals originally included in the Build Back Better Act. The legislation includes a variety of provisions,...
