Employee Retention Credits

Employee Retention Credits

Employee Retention Credits Last year, the CARES Act introduced an Employee Retention Credit (ERC) to provide reimbursement of wages for businesses affected by the COVID-19 virus and incentivize employers to maintain a pre-pandemic level workforce. Although it was...
R&D Credits

R&D Credits

R&D Credits Is your organization working to improve existing products, processes, or software? Or are you developing new ones? The research and development (R&D) tax credit has the potential to benefit your organization by providing valuable tax savings. The...
SOC Compliance

SOC Compliance

SOC Compliance Securing a SOC (Service Organization Control) audit with the help of ABIP can prevent these security issues from negatively impacting your business. SOC auditors evaluate your data systems based on the five trust principles: Security, Availability,...
How Secure is Your Client Data?

How Secure is Your Client Data?

How Secure is Your Client Data? As the digital world continues to expand, we must protect all of the information and valuables associated. Having faulty cybersecurity leaves a window of opportunity for cyber theft and data corruption. We have a team of certified...
Keeping Good Tax Records Is Essential

Keeping Good Tax Records Is Essential

An important part of tax planning is keeping good records. Having an organized recordkeeping system makes it easier to file a tax return or understand a letter from the IRS. Here are some tips: Good Recordkeeping Helps Taxpayers: Identify sources of income. Taxpayers...