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The Tax Break Commercial Real Estate Investors Might Need After COVID-19

Withum

QRPBI is debt that is incurred or assumed by the taxpayer in connection with real property used in a trade or business and is secured by such property. For property acquired on or after January 1, 1993, QRPBI includes debt used to acquire, construct, reconstruct, or substantially improve real property. Business Tax Services.

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Will the IRS Deny Your Claim for the Employee Retention Tax Credit?

Withum

The IRS is expected to begin auditing ERC claims in the coming months and it has 3 years from the filing date of the relevant Form 941 tax return to assert deficiencies, and 5 years in the case of ERC claims for the third and fourth calendar quarters of 2021 ( see §3134(l) ). Business Tax Services. Contact Us.

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The Ultimate Guide to Bookkeeping for Home Service Contractors

Steve Feinberg

Let’s look at some of the best tips and advice for bookkeeping for home service contractors. Importance of Bookkeeping for Home Service Contractors Bookkeeping for small construction businesses and home service contractors is crucial for many reasons.

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Business Tax Credits to Lower Your Tax Bill

xendoo

Minimizing your company’s tax burden can help maximize profits. One way of doing this is through business tax credits. Leveraging the right tax credits can save your business thousands of dollars in taxes each year. How do you know which tax credits will save you the most money?