Understanding the Employee Retention Credit: Basics and Benefits The COVID-19 pandemic has impacted businesses in various ways, from loss of revenue to employee layoffs. However, there is a potential benefit for employers that kept their employees on payroll during the pandemic: the Employee Retention Credit (ERC). In this blog post, we will discuss the basics
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How To Be Your CPA’s Favorite Client At Tax Season
How To Be Your CPA’s Favorite Client At Tax Season If you want to be your CPA’s favorite client during tax season, there are some things you can do! Get To Know Your CPA A good CPA will be able to help you navigate your tax situation throughout the year. They will be able to
READ MOREIs Your CPA Up To Date On The Latest Tax Law Changes?
When tax laws change, it is important for CPAs to be up to date on them. This knowledge can ensure they provide their clients with accurate advice and services! The IRS Every year or so, the authorities alter the rules and laws that govern taxation. This is a constant concern for both tax professionals and
READ MOREWhy You Need An Accountant Even If Your Finances Are Straightforward
There are many reasons why you might need an accountant, regardless of your finances. Whether it’s to help you make the most of tax credits, minimize your tax burden or simply to keep your financials in order, having a trustworthy accounting professional on your side is essential. Know Your Numbers Whether you are a solopreneur
READ MORESpecial Tax Considerations For Nonprofits
Nonprofits are an important part of our communities, providing services to the general public and helping boost our local economies. However, they do have special tax considerations that can impact their financial status and operations. Nonprofits can be impacted by a variety of taxes, including unrelated business income tax (UBIT), real estate tax, and revocation of
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