Unclaimed Property Voluntary Compliance Program Now Available in California
California AB 2280 established a new Unclaimed Property Voluntary Compliance Program that waives interest for taxpayers who voluntarily come into compliance with unclaimed
Tax Basics for Setting up a Businesses
As reported via IRS Tax Tip 2023-103 9/5/2023
Starting a new business can seem overwhelming for new entrepreneurs or […]
Employment Tax Considerations When Hiring Parents or Children
As reported via IRS Fact Sheet 2019-14 in October 2019
One of the advantages of someone running […]
An Offer in Compromise Can Help Certain Taxpayers Resolve Tax Debt
As reported via IRS Tax Tip 2023-58 on 4/27/2023
When a taxpayer can’t pay their full tax […]
Tax Responsibilities When Closing a Business
As reported via Tax Tip 2022-122 on 8/10/2022
There are a […]
Key 2024 Inflation-Adjusted Tax Parameters for Small Businesses and their Owners
The IRS recently announced various inflation-adjusted federal income tax amounts. Here’s a rundown of the amounts that are most likely to affect small businesses and […]
IRS Outlines Withdrawal Process for Employee Retention Tax Credit (ERTC) Claims
As reported via IR-2023-193 on 10/19/2023
Special initiative aimed at helping businesses concerned about an ineligible claim amid aggressive marketing, scams
A Cost Segregation Study May Cut Taxes and Boost Cash Flow
Is your business depreciating over 30 years the entire cost of constructing the building that houses your enterprise? If so, you should consider […]
Choosing a Business Entity: Which Way to Go?
If you’re planning to start a business or thinking about changing your business entity, you need to determine what will work best for you. Should you operate […]
The Social Security Wage Base for Employees and Self-Employed People is Increasing in 2024
The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $168,600 for 2024 (up from $160,200 for 2023). Wages […]
