Newsletter Archives
Newsletter Archives
IRS Suspends Processing of New ERC Claims Due to Scams
The Employee Retention Credit (ERC) was created under the 2020 CARES Act to help small businesses keep employees on their payrolls during pandemic-related shutdowns. Unfortunately, the refundable credit has become a target of scammers, who …
Many Businesses Must Electronically File Form 8300 Starting January 1, 2024
Taxpayers engaged in a trade or business generally must file IRS/FinCEN Form 8300 anytime they receive $10,000 in cash in a single transaction or related transactions. Currently, taxpayers have the option of filing this form …
Upcoming Tax Deadlines
October
Day
10
Employees Who Work for Tips – If you received $20 or more in tips during September, you must report them to your employer (employees are required to keep a daily record of tips). All tips …