by Admin | Sep 19, 2023 | Business Taxes, PPP Loans & EIDL Loans, Tax Scams
Despite warnings from the IRS, AICPA, and other professional tax organizations many business owners are being misled into filing for the Employee Retention Tax Credit for which they do not qualify. Amid rising concerns about a flood of improper Employee Retention...
by Admin | Sep 12, 2023 | Business Taxes
Starting a business can seem daunting to the prospective entrepreneur. A step-by-step plan to get started can alleviate some of the angst. The cost of getting started is one of the first considerations. These costs can be identified and addressed in...
by Admin | Sep 12, 2023 | Business Taxes, Entrepreneurial, Individual Taxes, Tax Planning
The Importance of Business Succession Planning Every business – large and small – needs a business succession plan. Just like Warren Buffett and Jeff Bezos prepared for the day that they would step away from the C-suite, every small and mid-sized business owner...
by Admin | Sep 12, 2023 | Business Taxes, Entrepreneurial, Tax Planning
If your partnership has been treating you and other partners as employees of a disregarded entity owned by the partnership so the partners can participate in employee benefit plans and receive other employee benefits, you’d better read this. Tax regulations (1) issued...
by Admin | Sep 12, 2023 | Business Taxes, Entrepreneurial, Tax Planning
A recent Stanford study reviewed the aftermath of the Enron collapse and the repercussions to Enron’s accounting firm’s former clients. The primary trend they identified was when former clients issued accounting restatements or revisions because of...
by Admin | Aug 22, 2023 | Business Taxes, Entrepreneurial, Tax Planning
The Inflation Reduction Act that President Biden signed into law in August of 2022, has a provision that could benefit many small business startups, allowing them to potentially double the amount of the research and development tax credit that can be used against...
