If It Sounds Too Good To Be True
It Sounds Too Good To Be True…….A Fraud Investigator’s Favorite Red Flag! If it sounds just too good to be true…..you have every right to put your [...]
Who Qualifies For The Employee Business Expense Deduction
After the Tax Cuts and Jobs Act (TCJA) tax reform, employee business expenses can be deducted as an adjustment to income only for specific employment categories and [...]
Business Interruption v. Economic Damages v. Lost Profits: An Overview
Economic damages, lost profits, business interruption- intuitively, these sound quite similar, and they are; these terms are commonly used interchangeably when referring to a business’s loss in [...]
COVID-19 Impact on Construction Contracts and Business Interruption
Coronavirus has impacted all industries including construction projects, owners. Supply chain has been disrupted for many, government’s civil authority orders have stopped work, workers quarantine has caused [...]
Common Errors to Avoid When Claiming Employer Tax Credits
Employers who are filing Form 941, Employer's Quarterly Federal Tax Return and claiming an employer tax credit should read the instructions carefully and take their time when [...]
Updated PPP Forgiveness Application Process Overview
The Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, was passed in order to provide relief to individuals and businesses which were [...]
Updates on Employee Retention Tax Credit
Employee Retention Tax Credit (ETRC) is credit against certain employment taxes. This credit was limited to 50% of qualified wages under the previously passed CARES Act, with [...]
2021 Important Tax Filing Reminders
Wrapping up an unpredictable year with many changes and challenges wasn’t easy. As we are stepping into a new year, in this article, we would like to [...]
IRS Provides Tax Inflation Adjustments for Tax Year 2021
The Internal Revenue Service announced the tax year 2021 annual inflation adjustments for more than 60 tax provisions on October 26, 2020 in Revenue Procedure 2020-45, including [...]