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TPSA
Aug 28, 20243 min read
IRS Offers Second Chance to Resolve Employee Retention Credit Claims with New Voluntary Disclosure Program
IRS launches second ERC Voluntary Disclosure Program to help businesses correct erroneous claims and avoid penalties.
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TPSA
Jul 9, 20244 min read
BREAKING NEWS: The IRS Has Just Updated Their Position Related to Denying or Paying Employee Retention Credit (ERC) Claims
A recent review has revealed that a substantial portion of the claims submitted show a high risk of being inappropriate. As a result...
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TPSA
Apr 24, 20243 min read
Payroll Management: A Complete Guide for SMBs
This guide will help you understand and manage payroll taxes effectively to ensure legal compliance.
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TPSA
Feb 28, 20243 min read
Employers Beware: ERC Voluntary Disclosure Program Ends Soon
The IRS has issued several warnings urging people to carefully review the Employee Retention Credit (ERC) guidelines before trying to...
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TPSA
Jan 16, 202412 min read
Are You Taking Advantage of Your Employer’s Fringe Benefits?
The tax code allows employers to provide employees with various tax-free fringe benefits. Not all employers will offer all, or even some...
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TPSA
Oct 27, 20233 min read
IRS Provides Employers Way to Withdraw Dubious ERC Claims
Despite warnings from the IRS, the American Institute of CPAs, and other professional tax preparer societies, many business owners have...
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TPSA
Aug 2, 20236 min read
Employee or Independent Contractor - A Primer for Employers and Employees
It is not uncommon for employers to misclassify employees as independent contractors to avoid their withholding and tax responsibilities...
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TPSA
Jul 5, 20236 min read
Employer-Offered Benefits That Can Save You Money and Taxes
Tax law includes several tax and financially favored benefits that employers can offer or provide to their employees.
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TPSA
Jun 22, 20233 min read
Tax Breaks for Hiring Your Children in Your Family Business
Financially, keeping the family employed rather than hiring strangers makes more sense, provided the family member is suitable for the job.
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TPSA
Mar 28, 20235 min read
False Employee Retention Credit Claims Can Mean Big Problems Later
Suppose you are a business person relaxing at home after a long day’s work, watching TV, and a commercial claims you can get a tax refund...
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TPSA
Mar 14, 20233 min read
What is the Work Opportunity Tax Credit, and Who Qualifies For It?
The Work Opportunity Tax Credit is available at the federal level to businesses that hire people from a targeted group that has...
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TPSA
Mar 14, 20234 min read
Don't Ignore Household Employee Payroll Tax Rules
If you hire a domestic worker to provide services in or around your home, you probably have a tax liability you don't know about.
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TPSA
Aug 11, 20212 min read
The Many Benefits of 401(k) Profit-Sharing Plans
If you are an employer looking for an attractive employee benefit that lets you plan contributions around your revenues, consider a 401(K) p
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TPSA
Mar 23, 20213 min read
Are Your Unemployment Benefits Taxable?
With the passage of the CARES Act stimulus package early in 2020, the federal government began supplementing the normal state weekly unemplo
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