The ERC Program is still at the dock. However, as we reach out to a lot of companies, we find that they know very little about it. The ERC stands for, Employee Retention Credit and, it is a payroll credit. Many companies are entitled to this federal grant and don’t have to pay it back. …
Have you ever known someone who gets bills or notices in the mail and make paper airplanes that touch down in the trash can? Well unfortunately, we have taken on many clients that have mastered that art form. They come to us and depend on us to bail them out of the consequences that follow …
Smart people plan ahead. A lot of people react to situations instead of being proactive. I say this because a lot of my clients have the opportunity to utilize my tax plans but, don’t. They choose to come see me when they have a tax problem that they can no longer run from. I have …
COVID-19 has taken a toll on small business owners, as well as self-employed tax payers. Many have found themselves at the end of the rope, and without stimulus money from the government, may be forced to shut their doors. The IRS recognizes the financial hardship(s) that small businesses and self-employed tax payers suffer stemming from …
Everyone knows it is best to pay your payroll taxes on time to avoid penalties and interest, however if you find yourself behind paying as soon as possible can assist you in avoiding unwanted additional fees. The goal should be to contact the IRS, or a tax professional as quickly as possible to discuss your …
Every tax season thousands of truck drivers leave hundreds of thousands of dollars in tax deductions on the table. This is due in large part to inadequate planning and poor bookkeeping. In addition, many tax professionals do a poor job at properly informing truckers of the many different tax breaks available to them. Truck drivers …
Starting a business can be expensive and complex depending on what kind of business you start. A strategic business plan helps you address questions like, what are my capital resources, how will my product or service reach the market place, or how will I manage my day-to-day operations. These are very important issues for any …
Every year many tax payers have no idea whether they will owe taxes or not. Often, some tax payers feel that they may owe, but have no idea how much or why? Understanding how to determine your tax liability will not only help you make better decisions about the way you treat income, but it …
If you receive a tax bill this summer for outstanding taxes, you are expected to pay that bill in full including any penalties and interest. If you can’t pay the outstanding balance, it is sometimes prudent to get a loan to pay the bill in full rather than to make installment payments to the IRS. …
Often tax payers find themselves owing the IRS even after they’ve paid taxes throughout the year. This has proven to be very confusing, as well as frustrating for many who already feel they pay way too much in taxes. In order to gain control over this tax issue, you first must understand what these taxes …
The Difference Between Payroll Tax and Estimated Taxes Read More »