by Mary Doherty | Sep 20, 2023 | News, Tax Planning
In the face of a flood of illegitimate claims for the Employee Retention Tax Credit (ERTC), the IRS has imposed an immediate moratorium through at least the end of 2023 on processing new claims for the credit. The reason the IRS cites for the move is the risk of...
by Mary Doherty | Sep 12, 2023 | Business Planning, Estate Planning, News, Tax Planning
In December 2022, President Biden signed the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act. Among other things, the sweeping new law made some significant changes to so-called catch-up contributions, with implications for both employers and...
by Mary Doherty | Sep 5, 2023 | Business Planning, Tax Planning
It can be difficult for business owners to navigate the tax code and monitor tax law developments. One area of special concern is financial reporting for uncertain tax positions (UTPs). Here’s some insight to help clarify matters. Recognition Standard Companies that...
