The IRS typically offers relief, such as extending tax filing and payment deadlines, for areas designated by the Federal Emergency Management Agency (FEMA). Individual and business taxpayers in these disaster-affected regions automatically receive this extension,…

The IRS is urging businesses with pending or previously-approved Employee Retention Credit (ERC) claims to review their filings carefully. Incorrect claims could lead to audits, repayments, penalties, and interest. Background The ERC was introduced to…

As a business owner, the new year isn’t just a fresh start—it’s a perfect opportunity to review key areas that can impact your success in 2025: Insurance coverage Meet with your insurance agent annually to…

January 1, 2025 – ON HOLD Deadline to file initial beneficial ownership information (BOI) for reporting companies created or registered prior to January 1, 2024. [Update: FinCEN’s BOI requirements were suspended in early December, reinstated…

As summer heats up, it’s the perfect time for businesses to strategically plan ahead for taxes and find ways to save in 2024. Consider implementing these five tax planning ideas: 1. Review employee benefits. An…

Now is the time to pay your taxes AND make your estimated tax payment. Both your individual tax return AND first quarter estimated tax payment are due April 15 this year.  If you had to…

March 15th is the tax-filing due date for 2023 calendar year S corporations and partnerships. While this filing deadline does not require making a tax payment, missing the due date could cost you a hefty…