Infrastructure Law Sunsets Employee Retention Tax Credit Early
The Employee Retention Tax Credit (ERTC) was a valuable tax credit that helped employers survive the COVID-19 pandemic. A new law has retroactively terminated it before it […]
Recent FTB Clarifications on Pass-Through Entity Tax (AB-150)
Recent pass-through entity (PTE) tax (AB-150) clarifications from the Franchise Tax Board (FTB) underscore that detailed planning is critical when considering this credit.
For an overview […]
Showing Appreciation and Gain Tax Breaks with Holiday Business Gifts and Parties
The holiday season will soon be here. At this time of year, your business may want to show its gratitude to employees and customers […]
Factors To Consider When Choosing a Business Entity
Are you planning to launch a business or thinking about changing your business entity? If so, you need to determine which entity will work best for you […]
Establishing a Health Savings Account for your Business
With the increasing cost of employee health care benefits, your business may be interested in providing some of these benefits through an employer-sponsored Health Savings Account (HSA). […]
Maximize Your Depreciation with a Cost Segregation Study
If your business is depreciating over a 30-year period the entire cost of constructing the building that houses your operation, you should consider a […]
Social Security Wage Base is Increasing in 2022
The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $147,000 for 2022 (up from $142,800 for 2021). Wages […]
Taking Advantage of the WOTC (Work Opportunity Tax Credit)
Background
Businesses are having difficulties hiring an adequate number of employees as the economy resets after the […]
New Per Diem Business Travel Rates Became Effective on October 1
Are employees at your business traveling again after months of virtual meetings? In Notice 2021-52, the IRS announced the fiscal 2022 “per diem” rates […]
Key Q4 2021 Tax Deadlines for Businesses
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2021. Keep in mind that this list isn’t all-inclusive, […]
