Halftime in sports is a time to pause, regroup, and consider how the team can improve.  Likewise, a middle of the year review of your payroll and HR processes can be equally beneficial. As an…

Many small business entity owners have a new compliance requirement to adhere to beginning next year. In an effort to better prevent money laundering, tax evasion, and other illicit financial crimes, new legislation and reporting…

In partnership with Engineered Tax Services (ETS), Alloy Silverstein recently hosted two webinars that highlighted a couple of real estate tax strategies for building owners, developers, contractors, and more.   Cost Segregation Typically, buildings are…

Are you required to make estimated tax payments? Individuals, including sole proprietors, partners and S Corp shareholders, typically have to make estimated tax payments if they expect to owe tax. If you receive salaries and…

If you own a business, you know that you may accelerate the expensing of qualified capital purchases. This can be done within two special provisions in the tax code: Section 179 The annual amount of…

Let’s talk about audit red flags. Nobody wants to be audited by the IRS. Even if your tax return is perfect and you have all of the documentation required to prove your deductions, it’s still…

The IRS has issued a renewed warning on Employee Retention Credit (ERC) claims. In recent months, promoters and other third parties have continuously pushed ineligible taxpayers to file for the Employee Retention Credit even when…

The S Corporation election deadline for existing calendar year end LLCs, Partnerships, and C Corporations is March 15th. If you’re considering changing your company’s tax treatment from its default status to S Corporation status, now…