ElizabethDec 7, 20232 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.
ElizabethDec 6, 20232 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!