The latest developments surrounding the COVID-19 Omicron variant have American businesses on edge, and for good reason. The World Health Organization (WHO) has stated that the new variant poses a “very high” global risk, leaving companies around the world once again anticipating even more government restrictions.
Today former U.S. Members of Congress, Joe Crowley, Rick Lazio and U.S. Senators, Heidi Heitkamp and Mike Johanns released an open letter expressing their bi-partisan opposition to proposals to retroactively end the Employee Retention Credit (ERC) in the fourth quarter of 2021.
alliantgroup’s Dean Zerbe and Rick Lazio recently hosted an online presentation providing critical updates for business owners regarding the most recent tax updates from the IRS, the relief package that is currently working its way through the Senate and other top-of-mind business concerns.
On March 14th, alliantgroup Senior Vice President and former U.S. Congressman Rick Lazio testified before the House Ways and Means’ Tax Policy Subcommittee on an incentive that is near and dear to many of our clients – the Section 179D tax deduction for energy efficient buildings.
Kathy Petronchak, alliantgroup’s Director of IRS Practice and Procedure and the former IRS Commissioner of the Small Business/Self-Employed Division (SB/SE), testified before the House Ways and Means Oversight Subcommittee on an issue that I know many of you are passionate about – reform of the IRS and its compliance burdens placed on small businesses.