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Friday Footnotes: CPA Says Stop ERC Fearmongering; Deloitte Cussed Out For ‘Grueling Culture’; Worst Books Ever | 2.23.24

Going Concern

Attorney Damian Williams, George Sanossian agreed to conceal clients’ personal incomes and the wages they paid their employees, to reduce federal income taxes and payroll taxes. Members of the firm then cashed the checks, kept some of the money as fees and returned the rest to the clients.

CPA 105
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How do I choose what entity type my business should be?

Basis 365

A qualified outsourced accountant can help your partnership stay on top of bookkeeping requirements, keeping all partners and regulatory agencies appeased. Another popular tax planning item for partnerships and S-corporations is deciding on whether to take a salary or a distribution.

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NSAC Offers Employee Retention Credit (ERC) Webinar Aug 23

Nancy McClelland, LLC

The ERC has been in the news quite a bit lately due to aggressive tactics by non-CPA firms claiming to be able to apply for these credits on behalf of business owners. (We’ll The cost is free to members and $56 to non-members. We’ll have an upcoming blog covering that topic.)