On September 14, 2023, the Internal Revenue Service (“IRS”) announced an immediate moratorium on processing new claims for the Employee Retention Credit (“ERC”) through at least the end of 2023 to protect small business owners from being scammed by aggressive promoters and marketing. IR 023-169 - … [Read more...] about IRS Orders Immediate Moratorium on Processing New Employee Retention Credit (ERC) Claims
Estimated tax payments are in place to ensure that the taxpayer is on the pay-as-you-go method since taxes must be paid as income is earned. A corporation must estimate its taxable income for each quarter and are required to make estimated tax payments if they expect to owe at least $500 or more … [Read more...] about Estimated Corporate Tax Payment Requirements
As we surpass the halfway mark of 2023, the lingering question remains whether a recession is on the horizon. Current short-term interest rates are now higher than long-term rates. Historically, that relationship has been a recession indicator. Interest rate increases implemented by the Federal … [Read more...] about Economic Outlook – Mid-2023
In the competitive and fast-paced world we live in today, businesses strive to stay one-step ahead by embracing innovative tools that streamline processes and drive efficiency, productivity and profitability. Among these tools is the Amazon Business Purchases App, which seamlessly transfers all your … [Read more...] about Amazon Business/QuickBooks Integration
Summer may be coming to a close, but our desire to provide you with helpful and practical information never stops. Our Summer Small Business Newsletter can be read/downloaded here at your convenience. … [Read more...] about Our Latest Small Business Newsletter is Here!
What are Estimated Tax Payments? Estimated tax payments are often a requirement for taxpayers that generate income that does not have any corresponding tax withholdings such as: income from self-employment, interest and dividend income, capital gains, rents and royalties. However, estimates could … [Read more...] about Estimated Tax Payment Requirements for Individuals