Remove 2024 Remove business tax Remove cpa firm Remove income tax
article thumbnail

Tax Season 2023 Is Officially Open! Maybe. Okay, Not So Fast.

Nancy McClelland, LLC

To say nothing of the fact that the next government shutdown deadline is scheduled for one week before business tax returns are due. And to add to all of this, that the bill is being funded by an early end to the Employee Retention Credit program, as of January 31, 2024. And we were freaking out about that delay.

Tax 52
article thumbnail

Tax Preparers Rejoice! Here’s How To Prepare SECURE 2.0 Form 8881 Retirement Tax Credit If You Use Gusto & Guideline

Nancy McClelland, LLC

to include loads of information that most CPA firms are simply not going to have access to — not only current tax-year payroll information, but prior-year data on a per-employee basis; as well as information on how many employees qualified to participate (whether or not they actually participated), again both in 2022 and in 2023.