Gross Receipts Safe Harbor for Employers Claiming ERC

Gross Receipts Safe Harbor for Employers Claiming ERC Safe harbor is now available that allows employers to exclude certain items from their gross receipts solely for determining eligibility for the Employee Retention Credit (ERC). These amounts are: The amount of the forgiveness of a Paycheck Protection Program (PPP) Loan; Shuttered Venue Operators Grants under the…

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 expanded and scheduled to expire at the end of the second quarter of 2021, it is ARPA…

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 Research and Development (R&D) Tax Credit remains one of the best opportunities for businesses to substantially reduce their…

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 specialists to identify weaknesses and implement the proper tools to prevent an…

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 may receive money or property from a variety of sources. The records can…

Retirement Plan Options for Small Businesses

According to the US Small Business Administration, small businesses employ half of all private-sector employees in the United States. However, a majority of small businesses do not offer their workers retirement savings benefits. If you’re like many other small business owners in the United States, you may be considering the various retirement plan options available…