The IRS added widely circulating promoter claims involving Employee Retention Tax Credits (ERTC) as a new entry in the annual “Dirty Dozen” list of tax scams. These promotions can be based on inaccurate information related to eligibility for and computation of the credit. Eligible taxpayers can … [Read more...] about Employee retention Tax Credit (ERTC) Scams
You may have been recently notified that starting May 31, 2023, QuickBooks Desktop 2020 will be discontinued. This means that support services involving critical security updates and live technical support will no longer be available. Any Intuit integrated services will be terminated including … [Read more...] about Is QuickBooks Desktop Over?
There are many noteworthy tax changes and updates that will impact both individual taxpayers and businesses alike in 2023. Bonus Depreciation First-year bonus depreciation isn’t as valuable in 2023 as it was for the past few years. For 2022, businesses were able to deduct the full cost of new … [Read more...] about Tax Changes Ahead for 2023
Did you miss our live webinar on cost segregation studies? You can listen to it at your convenience on our YouTube channel here. If you are purchasing or renovating an existing building, or constructing a new building, a cost segregation study may help you maximize any available tax benefits related … [Read more...] about Webinar Rewind: Cost Segregation Studies for Tax-Saving Benefits
Winding down a business often takes several months or longer depending on the size of the business and the nature of the closure. While not intended to be all inclusive, as every business is different, the following is a list of general items to be considered. As always, the appropriate professional … [Read more...] about Closing Your Business? Here’s a Checklist of Activities to Consider.
If you missed our live webinar from May 9, 2023, you can listen to it and view the slides at your convenience on our YouTube channel. Partners Mark Ferm, CPA, and Al Marotto, CPA/ABV, discuss key areas to consider during due diligence that can assist in establishing a businesses' purchase price … [Read more...] about Webinar Rewind: The Impact of Diligence on Valuation