Elizabeth3 days ago2 minAttention Business Owners: Important Update on Employee Retention Credit (ERC) ClaimsIRS intensifies scrutiny on ERC claims, sending 20,000 disallowance letters for ineligible claims. Review and use caution before applying.
Elizabeth4 days ago2 minUnderstanding the Delayed Form 1099-K Reporting Requirements for 2023 IRS delays new $600 Form 1099-K threshold for 2023; keeps $20,000/200 transactions limit. $5,000 threshold planned for 2024. Stay informed!
ElizabethNov 292 minYear-End Financial Checkup: The Essential Role of Tax PlanningWhile it may not be the most festive topic, effective tax planning during your year-end financial checkup can lead to substantial savings...
ElizabethNov 272 minStaying Safe While Shopping Online This Holiday SeasonThe holiday season is a time for joy, giving, and, unfortunately, a peak season for online scams. As taxpayers engage in online shopping,...
ElizabethNov 222 minThe Importance of a Year-End Financial CheckupAs the end of the year nears and the holidays approach, it's easy to forget about your finances. However, taking time for a year-end...