IRS launches second ERC Voluntary Disclosure Program to help businesses correct erroneous claims and avoid penalties.

A recent review has revealed that a substantial portion of the claims submitted show a high risk of being inappropriate. As a result...

With May 17, 2024, the deadline for claiming 2020 refunds approaching, it's crucial for taxpayers to understand how to claim the 2020 cre...

In one way or another, tax deductions reduce the taxable portion of an individual’s income, reducing the tax on that income.

The IRS has issued several warnings urging people to carefully review the Employee Retention Credit (ERC) guidelines before trying to...

Despite warnings from the IRS, the American Institute of CPAs, and other professional tax preparer societies, many business owners have...

As tax time approaches, here are some tax issues that taxpayers frequently overlook, ranging from obscure deductions to missed tax credits..

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...

The Work Opportunity Tax Credit is available at the federal level to businesses that hire people from a targeted group that has...

If you've been keeping up with the news, you're undoubtedly aware of a recent policy change that will impact how research and development...

Have you seen those ads on television or received email solicitations promoting a significant tax credit? The tax credit they are referrin..

If you were entitled to but did not receive advance payments, it may be because your income in prior years was below the filing...

This little-known tax benefit for new, qualified small businesses is the ability to apply a portion of their research credit – up to $500...

In 2021, Congress passed the American Rescue Plan, which included a provision that increased the child tax credit amount and upped the age..

The Covid-19 pandemic has had a significant impact on the labor market – mandated government lockdowns and workers' and customers' fears....

If you have children under the age of 18, by now, you likely have gotten your first Advance Child Tax Credit payment, either by check or by

This is an overview of the many tax benefits included in the American Rescue Plan Act recently passed by Congress that will impact families

Here are five things that happened this past month that affect your small business.

Tax credits are a tax benefit that offsets your actual tax liability, as opposed to a tax deduction, which reduces your income. Congress pro

Great news if you are paying childcare expenses that enable you to work. As part of President Biden’s American Rescue Plan Act (ARPA) signed