Introduction In a bid to support businesses affected by the pandemic, the IRS introduced the Employee Retention Credit (ERC). This refundable employment tax credit aimed to help businesses affected by COVID-19 keep employees on payroll. While this initiative has been a lifeline for many, the rise in ERC audits underscores the IRS’s intent to ensure…
If you are like so many other Americans, filing taxes and meeting all deadlines can be a major source of stress. For months leading up to each tax season, the burden of gathering financial documents, navigating complex tax laws and ensuring accurate filings can feel overwhelming. The fear of missing deadlines only adds an additional…
Tax planning is a critical aspect of running a successful small business. It involves making strategic decisions and taking proactive measures to optimize your tax liability, maximize deductions, and ensure compliance with tax laws. Small businesses face unique tax challenges and opportunities, and effective tax planning can help navigate these complexities while saving valuable time…
Are you facing the daunting challenge of wage garnishment by the IRS? If so, you’re not alone. Dealing with wage garnishments can be a stressful and overwhelming experience, but don’t worry because you are far from alone in this struggle. Millions of Americans experience wage garnishment from the IRS, which can be even more aggressive…
It’s no secret that filing your taxes can be complicated and daunting, but anyone who has ever filed taxes for a business knows that there is even more room for error when it comes to things like payroll taxes, the water can be even more difficult to navigate. One of the most common mistakes that…
