3.9.22
The Election to Apply the Research Tax Credit Against Payroll Taxes
The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to eligible businesses.…
3.3.22
Don’t Miss the New York State Pass-through Entity Tax Program Election for the 2022 Tax Year!
The New York State Pass-Through Entity Tax (PTET) was established by the state to provide a workaround to the state and local tax (SALT) cap…
3.3.22
Don’t Miss Out on the Employee Retention Credit For 2020 and 2021
With the beginning of the new year, most companies are trying to put the pandemic-filled 2020 and 2021 in the past and are planning for…
3.3.22
Act Fast and You May Avoid Forfeiting FSA Funds
Do you have a tax-saving flexible spending account (FSA) with your employer to help pay for health care expenses? For 2021, FSA participants could contribute…
3.3.22
What To Do About Fraudulent Credit or Debit Card Charges
It’s an awful feeling to learn that someone has used your credit or debit card to make fraudulent charges. Whether you’re liable for charges typically…
3.3.22
Hiring? You May Be Eligible for a Valuable Credit
Are you a business owner who needs to hire? Be aware that a law enacted at the end of 2020, extended through 2025 a credit…
3.3.22
Slim Your 2021 Tax Bill by Fattening Your IRA
If you didn’t get around to contributing to an IRA in 2021 and you’re looking for ways to lower your tax bill, you may still…
3.2.22
The IRS Again Eases Schedules K-2 and K-3 Filing Requirements for 2021
The IRS has announced additional relief for pass-through entities required to file two new tax forms — Schedules K-2 and K-3 — for the 2021…
2.28.22
Are You Ready for the New Disclosure Requirements for Government Assistance?
Starting in fiscal year 2022, all entities — except nonprofit organizations in the scope of Topic 958, Not-for-Profit Entities, and employee benefit plans — must…
2.28.22
Can You Deduct the Costs of a Spouse on a Business Trip?
If you own your own company and travel for business, you may wonder whether you can deduct the costs of having your spouse accompany you…