Blog
On March 27, 2020, the Coronavirus Aid, Relief Economic Security Act (CARES) was signed into law. One section of this $2trillion stimulus package…
There is a lot of panics out there these days related to COVID-19. Businesses and individuals face lots of information related to tax relief and…
The IRS looks at both higher-grossing sole proprietorships and smaller ones. Sole proprietors reporting at least $100,000 of gross receipts on…
On December 22, President Trump signed into law H.R. 1, the “Tax Cuts and Jobs Act,” a sweeping tax reform law that promises to entirely change…
The corporate tax filing deadline for all types of companies is March 15th. Whether you are an S-Corporation, Partnership, you must file a corporate…
Myth. 1: Filing Late or Amended Tax Returns Might Trigger an IRS Audit
Truth 1: Filing prior years does not trigger audits automatically. Audits…
Considering the new tax law cuts individual income taxes, which lowered rates and raised thresholds for nearly every tax bracket. This helps the…
According to the Internal Revenue Service, corporate officers are specifically included within the definition of employee for FICA (Federal…
The Tax Cuts and Jobs Act of 2017 eliminated some beneficial deductions and credits. It was the largest tax overhaul in 30 years, the law could be a…
The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related…