In the wake of the pandemic, remote work has become the new norm for many American workers and with it comes tax implications for SMBs to avoid potential penalties and […]
On Dec. 21, 2023, the IRS announced the details of the Employee Retention Credit Voluntary Disclosure program (ERC-VDP) for employers who claimed and received an ERC refund for a quarter […]
What is it? The Beneficial Ownership Information Reporting Rule (BOI) is part of the Federal Corporate Transparency Act (CTA) passed in 2022. It requires certain entities to report ownership information […]
QuickBooks Online offers a world-class set of bookkeeping and accounting features designed to simplify financial management tasks for all business owners. Among these features is the ability to set up […]
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 […]
The Internal Revenue Service (IRS) has announced a moratorium on new claims related to the pandemic-era Employee Retention Credit (ERC, also known as Employee Retention Tax Credit). The pause on […]
If you hire a domestic worker to provide services in or around your home, you probably have a tax liability that you don’t know about – or one that you […]
Accounting takes time. And the last thing you need when you’re working with your company’s finances is an activity that takes unnecessary minutes. If you’ve created a record or transaction […]
Especially in the early days of a business, it can be natural to want to handle as many day-to-day tasks yourself – bookkeeping included. Sometimes, it’s in an effort to […]
The type of business that you’re running has major implications in virtually all areas of your operations, especially when it comes to federal taxes. An S Corporation (or S Corp […]
