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...
Many companies take a reactive approach to taxes: You fill out your return, pay what you owe (or collect your refund), then do the same thing again next year. However, this passive strategy can actually cost you thousands more in taxes over the years. That’s why we...
Most people don’t intend to fall behind on their taxes. It often happens when the tax deadline sneaks up on them, and far too soon, they find themselves scrambling to not only pay their tax debt, but the compounding fees and interest as well. This can cause the debt...
Contractors and business owners often do a great deal of driving for business purposes. Whether you’re meeting with potential clients, attending networking conventions, or visiting various worksites, it doesn’t take long to start racking up the miles—and, of course,...
