The Employee Retention Credit (ERC) has been a highly discussed government credit over the last couple of years and has been the source of many solicitations offering assistance in acquiring large tax credits. Please be aware the ERC is currently the largest federal tax scam being used by these third-parties. If it sounds too good […]
Employee Retention Credit IRS Restrictions Read More »
Hiring your children for work in your sole proprietorship are tax deductible if handled correctly, here are the rules on employment taxes. Generally, payments made for services rendered to a child by a parent’s business are subject to income tax withholding. But these payments may or may not be subject to employment taxes depending on
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Please click the link to view the Home Energy Tax Credit information publication. https://www.irs.gov/pub/irs-pdf/p5797.pdf
Home Energy Tax Credits Read More »
The Work Opportunity Tax Credit, or WOTC, is a general business credit that is available for wages paid to certain individuals who begin work on or before December 31, 2025. The WOTC may be claimed by any employer that hires and pays or incurs wages to certain individuals who are certified by a designated local
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