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, …
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 …
4 Ways To Repurpose Vacant Commercial Real Estate Properties
Commercial real estate is one of the industries that was heavily impacted by the COVID-19 pandemic. According to Barclays, a long-term shift to remote work could lead to a 10%-20% …
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 …
Are You Overwhelmed by Financial Duties
Your small but growing company is ready for the next level: you’ve built a strong customer base and you are diversifying your markets and revenue sources. Now it’s time to …