IRS Offers Guidance on ERC
The IRS has issued guidance for employers regarding the retroactive termination of the Employee Retention Credit. The Employee Retention Credit now applies only to wages paid before October 1, 2021, …
A Tax Checklist for Business Owners
The end of the year is a good time to clean up and catch up with paperwork. It is a time to make sure everything is in order for taxes …
Year-End Payroll and 1099 Reporting
We would like to extend a friendly reminder that Lang Allan & Company offers payroll services that include direct deposit of payroll checks, timely filing of payroll reports, payment of …
Figuring Out Your Business Taxes
Think you’re ready for tax time? Take the test. The type of business will determine the type of taxes that will be required to be remitted. Here is a list …
What to Know About Incorporation and Taxation
Operating as a sole proprietorship or general partnership is the least complicated way to run a business, and many small businesses never move beyond that. But businesses that go with …
Section 174 Research Deduction Changes for 2022
The IRS will require business owners to amortize Section 174 research expenses over multiple years instead of deducting them in the year incurred unless a provision in the Tax Cuts …