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
Small Business
Estimated Corporate Tax Payment Requirements
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
Economic Outlook – Mid-2023
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
Amazon Business/QuickBooks Integration
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
Beware of Tax Scams
The Internal Revenue Service (IRS) recently issued a warning to taxpayers to be on the lookout for a new scam that tries to mislead people into believing that they are owed a tax refund. The new scheme involves a mailing in a cardboard envelope from a delivery service. The letter includes the IRS … [Read more...] about Beware of Tax Scams
Our Latest Small Business Newsletter is Here!
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!