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How the Fed Rate Increase Impacts Your Small Business

In March of 2020, the benchmark interest rates were decreased to nearly zero to mitigate the financial impact of the coronavirus outbreak. Since then, the Federal Reserve has been reluctant to increase rates while the U.S. economy is still reeling from its effects. In addition, the economy is currently struggling with high inflation, affecting both…

tax refund

How to check the status of your tax refund

The Where’s My Refund? tool makes tracking the progress of a tax refund quick and easy. It can be accessed at any time by visiting IRS.gov or downloading the IRS2Go App. After the return is completed and a refund is approved the Where’s My Refund? tool will give you an estimated date for when the…

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Employee Retention Credit

Retroactively Claim the Employee Retention Credit

The Employee Retention Tax Credit (ERC) is a refundable payroll tax credit created to provide relief to business owners affected by the pandemic and help keep their employees on payroll. Generally, eligible businesses can claim the credit for tax years 2020 and 2021.  ERC credit can be claimed retroactively for 2020 and 2021 credits ERC…

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state PTE tax election

States Pass Elective PTE Tax: A Workaround for the SALT Cap

Several states have enacted elective pass-through entity taxes as a workaround to the federal cap on individuals’ state and local tax deductions. When a pass-through entity tax is chosen, the tax is applied to the entity rather than the owners directly. Generally, qualifying pass-through entities include entities taxed as S-Corporations and Partnerships; some states also…

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Why small business owners love working with Eco-Tax
  • We appreciate all the attention to detail, willingness to answer any questions, dedication to our business, their expertise and knowledge. They are a key part of our success.

    Claudia Fierro-Poppen, Owner - Ommie Snacks
  • Eco-Tax has been an excellent fit for my company. The online model and upfront pricing makes planning easy. I have nothing but the best to say about their service.  

    Matt, Owner - Winery
  • My business management has become infinitely less complicated, and I have more time to focus on my products and customers. Highly recommend the Eco-Tax team!

    Megan, Owner

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