insights
Blog Posts
We provide our clients with the most up-to-date industry insights on a wide range of relevant topics.
IRS Offers a Withdrawal Option to Businesses That Claimed ERTCs
10/27/23 10:22 AMRecent IRS warnings and announcements regarding the Employee Retention Tax Credit (ERTC) have raised some businesses’ co...
The Social Security Wage Base for Employees and Self-Employed People is Increasing in 2024
10/26/23 11:46 AMThe Social Security Administration recently announced that the wage base for computing Social Security tax will increase...
How IRS Auditors Learn About Your Business Industry
10/10/23 9:35 AMEver wonder how IRS examiners know about different industries so they can audit various businesses? They generally do re...
What Types of Expenses Can’t Be Written Off By Your Business?
10/4/23 10:05 AMIf you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business...
Estate Planning: Letter of Instruction to Your Spouse
9/25/23 10:32 AMHow to Write a Letter of Instruction As part of your estate plan, it’s a good idea to have a letter of instruction to yo...
2023 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers
9/25/23 8:02 AMPrepare Your Business with These Q4 2023 Tax Deadlines Here are some of the key tax-related deadlines affecting business...
IRS Suspends Processing of ERTC Claims
9/21/23 11:39 AMIn the face of a flood of illegitimate claims for the Employee Retention Tax Credit (ERTC), the IRS has imposed an immed...
IRS Issues Guidance on New Retirement Catch-Up Contribution Rules
9/15/23 6:43 AMIn December 2022, President Biden signed the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act. Amo...
Important Update on Depreciating Business Assets for 2023
9/6/23 6:55 AMThe Tax Cuts and Jobs Act liberalized the rules for depreciating business assets. However, the amounts change every year...
Divorcing Business Owners Should Pay Attention to the Tax Consequences
8/28/23 10:24 AMIf you’re getting a divorce, you know the process is generally filled with stress. But if you’re a business owner, tax i...