RogerRossmeisl

NOVEMBER 29, 2021

The Employee Retention Tax Credit (ERTC) was a valuable tax credit that helped employers survive the COVID-19 pandemic. It now only applies through September 30, 2021 (rather than through December 31, 2021) — unless the employer is a “recovery startup business.” The American Institute of Certified.

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RogerRossmeisl

MAY 15, 2023

If you’re among them, be careful that these workers are properly classified for federal tax purposes. The question of whether a worker is an independent contractor or an employee for federal income and employment tax purposes is a complex one. If the IRS reclassifies them as employees, it can be an expensive mistake.

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VetCPA

APRIL 1, 2020

The Coronavirus Aid, Relief and Economic Security Act (CARES Act or Act), which includes cash payments to taxpayers, expanded unemployment insurance, increased funding for healthcare providers, small business loans, and tax relief to businesses. The Act is the third bill from Congress in response to the COVID-19 pandemic.

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DentalAccounting

APRIL 1, 2020

The Coronavirus Aid, Relief and Economic Security Act (CARES Act or Act), which includes cash payments to taxpayers, expanded unemployment insurance, increased funding for healthcare providers, small business loans, and tax relief to businesses. The Act is the third bill from Congress in response to the COVID-19 pandemic.

CPA 100

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RogerRossmeisl

NOVEMBER 7, 2020

If the rate paid doesn’t exceed IRS-approved maximums, and the employee provides simplified substantiation (time, place, and business purpose): the reimbursement is treated as made under an accountable plan (e.g.

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Basis 365

APRIL 28, 2022

Choosing your entity type really crosses two disciplines, legal and tax. The legal side of your entity type relates to your legal protection or future equity expectations for the business. The tax side, which is closer to the accounting side, relates to selecting the appropriate business type that minimizes unintended tax liabilities.

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Nancy McClelland, LLC

AUGUST 15, 2022

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 However, the rules regarding whether or not a business qualifies are complex, and best performed by a knowledgeable professional.

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