by Candy | Dec 30, 2021 | Business, Taxes
Are you a recently added responsible party for an organization, or more importantly, one who is no longer associated with the group? The Internal Revenue Service urges those entities with Employer Identification Numbers (EINs) to update their applications if there has...
by Candy | Dec 28, 2021 | Featured, Taxes
It can be easy as an entrepreneur to get caught up in the day-to-day operations and not put much thought into tax planning. However, tax due dates are right around the corner, and it is important to get a head start on tax preparation so that you can continue pushing...
by Candy | Nov 16, 2021 | Business, Taxes
President Biden and his administration recently secured a compromise with some European countries about removing their digital tax services on certain large US companies by 2023 in transition to a new global tax deal. The countries that agreed to this were: the U.S.,...
by Candy | Nov 9, 2021 | Payroll, Taxes
Background To understand this issue regarding S Corporation payouts as wages, you must first understand the difference between an S corporation and a C corporation. In an S corporation, income passes to the shareholders who then pay taxes on their share of income on...
by Candy | Sep 23, 2021 | Featured, Shared, Taxes
Are you a business owner who is waiting for a refund from your 2020 income tax return or you filed for the Employee Retention Tax Credit and haven’t yet had a response? According to the US Treasury Department as reported by CNBC, there is a backlog of nearly 8 million...
by Candy | Sep 9, 2021 | Business, Featured, Taxes
Many states are coming up with ways to help taxpayers evade a restraint on a significant income tax break. An example of a way states are doing this is by allowing businesses, instead of paying income tax at a personal level, to pay it at the entity level. This has...
