IRS Updates Position on Denying or Paying Employee Retention
Due to complex ERC rules and aggressive marketing, many erroneous claims were filed. On June 20, 2024, the IRS announced new measures to ensure compliance,
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The Tax Advantages of Securing Summer Jobs for Your Children
Children who are dependents of their parents are subject to what is commonly referred to as the kiddie tax.
Video Tips: Employees, Don’t Miss Out on Your Fringe Benefit
Employees should become familiar with and take advantage of the tax- and financially-favored benefits offered by their employers. Watch this video for more deta
Is My Business Overstaffed?
This guide will not only help you identify and solve overstaffing issues but also ensure your necessary employees remain engaged and productive. Learn more.
Don’t Miss Out on Your Employer’s Flexible Spending Benefits
A health Flexible Spending Arrangement (FSA) allows employees to be reimbursed for medical expenses. FSAs are usually funded through voluntary salary reduction
Are You Taking Advantage of Your Employer’s Fringe Benefits?
The tax code allows employers to provide their employees with a variety of tax-free fringe benefits.
Great News for Employers Who Received Questionable Employee Retention Credits
The IRS has introduced a New Voluntary Disclosure Program that allows employers who received questionable Employee Retention Credits (ERC) to pay them back at a discounted rate.
IRS Disallowing 20,000 Employee Retention Credit (ERC) Claims
In its ongoing effort to combat questionable ERC claims, the IRS has sent more than 20,000 letters advising taxpayers that the agency is disallowing their claims.
Employers, Don’t Miss Out on the Work Opportunity Credit
The Taxpayer Certainty and Disaster Tax Relief Act of 2019 extended the Work Opportunity Tax Credit (WOTC) allowing employers who are willing to help disadvanta
Video Tips: Tax & Holiday Gifts for Employees
It is common practice during the holidays for employers to give their employees gifts, but there are tax implications. Watch this video to learn more.