News
Phishing attack targets accountants as Tax Day approaches
Microsoft is warning of a phishing campaign targeting accounting firms and tax preparers with remote access malware allowing initial access to corporate networks. With the USA reaching the end of its annual tax season, accountants are scrambling to gather clients' tax...
THINK YOUR ESSENTIAL BUSINESS IS INELIGIBLE FOR THE ERC? THINK AGAIN.
Owners of essential businesses might assume their companies are ineligible for employee retention credits (ERC) because they neither met the revenue decline thresholds nor experienced a suspension of operations due to a government order. However, in a little-known...
Number of Active Users Required for CARES Act
Nearly 70% of small business owners applied for loans under the CARES Act. The $2.2 trillion relief bill provided many options for businesses to minimize the burden of the COVID-19 pandemic. Some of the pandemic relief programs include but are not limited to payroll...
Qualified expenses for the R&D tax credit
Qualified research expenses are central to the federal research and development (R&D) tax credit. Businesses that can identify which of their costs meet the qualifying criteria may be able to take advantage of a dollar-for-dollar reduction in their tax bill. What is...
Can a Sole Proprietor Claim the Employee Retention Credit?
If you’re one of the 23 million sole proprietorships in the U.S., you’re part of the country’s most popular form of business entity. Because sole proprietors wear so many hats, many haven’t heard of the Employee Retention Credit (ERC). Of those that have, the...
How to Apply for the Employee Retention Credit (ERC) in 2023
The Self-Filer’s Guide to Claim ERC Today The Employee Retention Credit (ERC) is providing incredible financial benefits to small and medium-sized businesses across the country. Companies in nearly every industry are receiving payroll tax refunds worth thousands or...