Author: MKA

Employers should be wary of third parties advising them to claim the Employee Retention Credit (ERC) when they may not qualify, according to the IRS. (IR 2022-183, 10/19/2022) As described by the agency, the ERC is a refundable tax credit designed for businesses that continued paying employees while the businesses were shut down due to […]

Recently, the Social Security Administration (SSA) published their annual release detailing changes to the Social Security wage base and the cost-of-living adjustment (COLA) for Social Security and Supplemental Security Income (SSI) benefits. Click here to read the SSA release in full. In a helpful article published by the Journal of Accountancy, Martha Waggoner details the […]

This article explains that in 2021 the IRS announced that “refund claims for section 41 research credits must include detailed information in five specific areas, with claims failing to meet these requirements deemed invalid. The IRS provided a one-year transition period during which examiners could correspond with taxpayers on the required information and give them […]

This article explains how the FED is “deadly serious about reducing inflation” and does not wish to stop until inflation is at 2%. Lower inflation rates seem appealing, however, lowering inflation rates will increase interest rates. Fed Chair Jerome Powell explains “these steady increases will almost certainly mean higher unemployment and weaker economic growth until […]

Moss, Krusick & Associates, LLC is pleased to announce that the firm was recently named to the Orlando Sentinel’s 2022 list of the Top Workplaces in Central Florida. This is the ninth time in ten years the firm has earned this designation. “This award says so much about a firm and its values,” said W. […]

This article explains that companies often get unqualified candidates after posting an opening for a job. An Indeed survey found that out of 1,000 small business owners, “58% have one to four open roles and 77% are struggling to find the right person to fill that position. It also found that job posting on Indeed […]

This article explains that President Biden has created the Inflation Reduction Act, in which the IRS has been granted $78 billion to hire 87,000 new employees from now until 2031. Real estate clients may now be looking to perform a cost segregation study so that there are no red flags in the tax returns. It […]

Moss, Krusick & Associates, LLC is pleased to announce that the firm was recently named among INSIDE Public Accounting’s (IPA) list of the Top 400 Firms in the nation for 2022. The firm ranked 305 this year; last year their ranking was 349. “We are incredibly excited to be included on IPA’s list for a […]

This article explains different opportunities for small businesses to receive a grant to help their business grow. In Nebraska, financial technology services provider Fiserv is offering grants of $10,000 to diverse small businesses. The state of Connecticut is providing $30 million in grants to hospitality businesses, and to qualify, businesses in this sector must have […]

On August 16, President Biden signed the Inflation Reduction Act (IRA) into law. The enormous bill—clocking in at 725 pages—contains a wide range of provisions and comes with a nearly $750 billion price tag. “The bill is fighting inflation and has a whole lot of collateral benefits as well,” said former Treasury Secretary Larry Summers, […]