Now that the new year has started, it’s a good time to reflect on the past year and plan for the future. Starting the new year off on the right foot can set the tone for the rest of the year and help you improve your operations and achieve your goals. In this article, we’ll…
It’s that time of year again – tax season is upon us. For many businesses, preparing for tax season can be a daunting task. Gathering all necessary documents and records, calculating taxable income and tax liability, and meeting deadlines can all be overwhelming. But it’s important to remember that being proactive and taking the necessary…
Are you aware of the recent changes in tax reporting rules announced by the Internal Revenue Service (IRS) regarding Form 1099-K? The IRS has announced a delay in the implementation of the new $600 rule for Form 1099-K, which would have required third-party payment networks, such as Venmo and PayPal, to send a Form 1099-K…
Are you a business owner who’s been impacted by the pandemic? If so, you may be eligible for the Employee Retention Credit (ERC). The ERC was created by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) in March 2020 to offer financial relief to businesses whose operations were affected by the pandemic. Since…