How to Qualify for and Claim the R&D Tax Credit
You may be more eligible than you think to claim expenses against the lucrative R&D tax credit.
IRS Warns Employers About This One Tactic to Claim Pandemic Tax Credit
The IRS today announced a withdrawal process for business owners/tax-exempt managers from their Employee Retention Credit (ERC) claims. The IRS has been taking a hard eye at ERC filings given
Congressional Backlog Ramifications For The New Farm Bill
The House of Representatives was without a Speaker for 21 days, and so there is now a significant backlog of legislative business left to be addressed.
ERC — IRS Withdrawal Process — What Should Business Owners Do?
The IRS today announced a withdrawal process for business owners/tax-exempt managers from their Employee Retention Credit (ERC) claims. The IRS has been taking a hard eye at ERC filings given
The IRS is going after scammy firms pushing a small business tax credit
Pop-up companies aggressively pushing a small business tax credit may soon be in hot water with the IRS.
Businesses may still qualify for ERC despite IRS delay
The IRS recently delayed processing new claims on a COVID-era payroll tax credit because of fraud. Still, businesses might qualify for the credit depending on how the pandemic affected them.
Opinion: Now is the time for American farmers to harness the power of AI
Agriculture has always been a complicated business in a constant state of change. Those who recognize and embrace this reality will succeed while others will be left behind.
Employee Retention Credit: Afraid Of IRS Knocking? — What To Do
I have written recently that taxpayers need to beware of “too-good-to-be-true” pitches for the Employee Retention Credit (ERC) and that business owners need to be “eyes open” about whether they qualify for the ERC.
What happens if the debt ceiling and banking crisis collide?
President Joe Biden said over the weekend that debt ceiling negotiations were moving along and that talks between the White House and House Speaker Kevin McCarthy would resume on Tuesday.
The Biden tax proposals that could hit baby boomer, family businesses
President Joe Biden’s 2024 budget proposals contain several proposals that could hit small businesses right where it hurts — their wallets. Proposals in the budget include boosting the top capital gains rate for income over $1 million, eliminating the so-called “step-up in basis” loophole, expanding who has to pay investment income tax and at what rate, and bumping up the corporate tax rate.