Tax season is daunting due to complex laws and the need for accuracy. Enlisting a seasoned professional can simplify this process. In Dracut, MA, one name stands out in the field of tax preparation services—Peter Witts, CPA. In this article, we will explore the...
Government contracting can be a lucrative opportunity for businesses, but it also comes with unique risks and challenges. As a government contractor, you need to comply with various regulations and requirements to avoid financial penalties or even legal action. It’s...
The Employee Retention Credit (ERC) was included as part of the CARES Act of 2020. It encouraged business owners to keep employees on the payroll by providing them with a refundable tax credit for eligible employee wages paid. This credit was available in both 2020...
When you’re an employee for a company, paying your income taxes is relatively straightforward; the majority of what you owe is pulled directly from your paycheck, and you don’t have to pay too much attention to the issue until it’s tax season. However, if you’re...
Tax laws change almost every year. However, most people hardly notice the change, and the impact on their taxes are minimal. If you want to be more proactive about planning for your taxes so that you can save more with each return, we encourage you to stay aware of...
