The IRS has recently rolled out several updates that are critical for business owners to understand, especially with regard to the Employee Retention Credit (ERC), the Corporate Alternative Minimum Tax
The October 15th deadline for tax extension filers is approaching quickly, and now is the time for business owners and individual taxpayers to gather all necessary tax documents. Filing your
The IRS’s recent proposal to shorten the third-party notice requirement from 45 days to just 10 days is raising concerns about taxpayer rights and the potential erosion of due process.
As Donald Trump returns to the political spotlight, business owners are watching closely for potential tax changes that could impact their bottom line. While specific policy changes remain uncertain, the
In times of disaster, fraudsters often use people’s generosity to their advantage, setting up fake charities and using deceptive practices to steal money from well-meaning individuals and businesses. As a
Running a business is challenging enough without the added risk of getting entangled in fraudulent tax schemes. Unfortunately, some professionals misuse their expertise, leading to devastating consequences for themselves and
For business owners, navigating the complexities of capital losses can offer significant opportunities to reduce tax liabilities. Understanding how to strategically manage and utilize these losses can directly impact your
Each year, the IRS adjusts various tax provisions to account for inflation, impacting standard deductions, income thresholds, and retirement contributions. These adjustments are particularly relevant for business owners who need